DFQTX vs. DFCEX
DFQTX (DFA US Core Equity 2 Portfolio I) and DFCEX (DFA Emerging Markets Core Equity Fund) are both mutual funds - DFQTX is a Large Cap Blend Equities fund managed by Dimensional, while DFCEX is a Emerging Markets Equities fund managed by Dimensional. Over the past 10 years, DFQTX returned 13.76%/yr vs 8.88%/yr for DFCEX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. DFQTX charges 0.18%/yr vs 0.40%/yr for DFCEX.
Performance
DFQTX vs. DFCEX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DFQTX having a 12.09% return and DFCEX slightly higher at 12.45%. Over the past 10 years, DFQTX has outperformed DFCEX with an annualized return of 13.76%, while DFCEX has yielded a comparatively lower 8.88% annualized return.
DFQTX
- 1D
- 1.27%
- 1M
- 0.08%
- 6M
- 9.16%
- YTD
- 12.09%
- 1Y
- 23.33%
- 3Y*
- 17.76%
- 5Y*
- 12.00%
- 10Y*
- 13.76%
- ALL TIME*
- 10.36%
DFCEX
- 1D
- 3.05%
- 1M
- -4.22%
- 6M
- 4.51%
- YTD
- 12.45%
- 1Y
- 27.11%
- 3Y*
- 16.10%
- 5Y*
- 8.27%
- 10Y*
- 8.88%
- ALL TIME*
- 8.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DFQTX vs. DFCEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFQTX DFA US Core Equity 2 Portfolio I | 12.09% | 15.99% | 20.27% | 21.88% | -14.21% | 28.46% | 15.72% | 29.41% | -9.65% | 18.26% |
DFCEX DFA Emerging Markets Core Equity Fund | 12.45% | 28.79% | 7.31% | 15.45% | -16.44% | 5.82% | 13.86% | 16.03% | -15.25% | 36.55% |
Correlation
The correlation between DFQTX and DFCEX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2005 | 0.72 |
The correlation between DFQTX and DFCEX has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
DFQTX vs. DFCEX — Risk / Return Rank
DFQTX
DFCEX
DFQTX vs. DFCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA US Core Equity 2 Portfolio I (DFQTX) and DFA Emerging Markets Core Equity Fund (DFCEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DFQTX | DFCEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.91 | +0.61 |
| Martin ratioReturn relative to average drawdown | 10.83 | 6.20 | +4.63 |
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Drawdowns
DFQTX vs. DFCEX - Drawdown Comparison
The maximum DFQTX drawdown since its inception was -59.35%, smaller than the maximum DFCEX drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for DFQTX and DFCEX.
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Drawdown Indicators
| DFQTX | DFCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.35% | -64.58% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -12.95% | +4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -16.74% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -28.41% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | -42.33% | +5.12% |
Current DrawdownCurrent decline from peak | -0.84% | -10.30% | +9.46% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -12.56% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 3.97% | -2.00% |
Volatility
DFQTX vs. DFCEX - Volatility Comparison
The current volatility for DFA US Core Equity 2 Portfolio I (DFQTX) is 2.96%, while DFA Emerging Markets Core Equity Fund (DFCEX) has a volatility of 8.15%. This indicates that DFQTX experiences smaller price fluctuations and is considered to be less risky than DFCEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFQTX | DFCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 8.15% | -5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.52% | 17.78% | -8.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.22% | 19.26% | -7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 15.59% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 16.24% | +1.96% |
DFQTX vs. DFCEX - Expense Ratio Comparison
DFQTX has a 0.18% expense ratio, which is lower than DFCEX's 0.40% expense ratio.
Dividends
DFQTX vs. DFCEX - Dividend Comparison
DFQTX's dividend yield for the trailing twelve months is around 0.99%, less than DFCEX's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFCEX DFA Emerging Markets Core Equity Fund | 2.66% | 2.90% | 3.43% | 3.53% | 3.78% | 2.59% | 1.70% | 2.42% | 2.33% | 1.92% | 1.99% | 2.28% |
DFQTX DFA US Core Equity 2 Portfolio I | 0.99% | 1.06% | 1.15% | 1.74% | 4.43% | 4.74% | 1.29% | 3.50% | 2.84% | 1.97% | 1.80% | 3.78% |
Frequently Asked Questions
DFQTX and DFCEX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFCEX has higher volatility (8.15%) compared to DFQTX (2.96%). In terms of maximum drawdown, DFQTX dropped -59.35% vs DFCEX's -64.58%.
DFQTX currently has the higher Sharpe Ratio (1.75 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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