DFQTX vs. DGEIX
DFQTX (DFA US Core Equity 2 Portfolio I) and DGEIX (DFA Global Equity Portfolio Institutional Class) are both mutual funds - DFQTX is a Large Cap Blend Equities fund managed by Dimensional, while DGEIX is a Global Equities fund managed by Dimensional. Over the past 10 years, DFQTX returned 14.12%/yr vs 12.51%/yr for DGEIX. With a 0.98 correlation, they move nearly in lockstep. DFQTX charges 0.19%/yr vs 0.25%/yr for DGEIX.
Performance
DFQTX vs. DGEIX - Performance Comparison
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Returns By Period
In the year-to-date period, DFQTX achieves a 12.21% return, which is significantly lower than DGEIX's 13.03% return. Over the past 10 years, DFQTX has outperformed DGEIX with an annualized return of 14.12%, while DGEIX has yielded a comparatively lower 12.51% annualized return.
DFQTX
- 1D
- 0.51%
- 1M
- 5.05%
- YTD
- 12.21%
- 6M
- 12.50%
- 1Y
- 29.00%
- 3Y*
- 20.95%
- 5Y*
- 12.51%
- 10Y*
- 14.12%
DGEIX
- 1D
- 0.47%
- 1M
- 4.90%
- YTD
- 13.03%
- 6M
- 13.93%
- 1Y
- 30.01%
- 3Y*
- 20.54%
- 5Y*
- 10.87%
- 10Y*
- 12.51%
DFQTX vs. DGEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFQTX DFA US Core Equity 2 Portfolio I | 12.21% | 15.99% | 20.27% | 21.88% | -14.21% | 28.46% | 15.72% | 29.41% | -9.65% | 18.26% |
DGEIX DFA Global Equity Portfolio Institutional Class | 13.03% | 19.86% | 15.71% | 20.35% | -14.72% | 20.31% | 13.51% | 26.68% | -11.48% | 21.36% |
Correlation
The correlation between DFQTX and DGEIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2005 | 0.98 |
The correlation between DFQTX and DGEIX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
DFQTX vs. DGEIX — Risk / Return Rank
DFQTX
DGEIX
DFQTX vs. DGEIX - 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 Global Equity Portfolio Institutional Class (DGEIX). 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.
| DFQTX | DGEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.48 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.48 | +0.13 |
| Martin ratioReturn relative to average drawdown | 15.77 | 15.24 | +0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFQTX | DGEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 2.62 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.70 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.74 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.51 | 0.00 |
Drawdowns
DFQTX vs. DGEIX - Drawdown Comparison
The maximum DFQTX drawdown since its inception was -59.35%, roughly equal to the maximum DGEIX drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for DFQTX and DGEIX.
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Drawdown Indicators
| DFQTX | DGEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.35% | -59.77% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -8.85% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -16.97% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -25.20% | +2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | -37.00% | -0.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -8.00% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.02% | -0.10% |
Volatility
DFQTX vs. DGEIX - Volatility Comparison
The current volatility for DFA US Core Equity 2 Portfolio I (DFQTX) is 2.94%, while DFA Global Equity Portfolio Institutional Class (DGEIX) has a volatility of 3.28%. This indicates that DFQTX experiences smaller price fluctuations and is considered to be less risky than DGEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFQTX | DGEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 3.28% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.90% | 9.09% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 11.75% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 15.66% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 16.87% | +1.39% |
DFQTX vs. DGEIX - Expense Ratio Comparison
DFQTX has a 0.19% expense ratio, which is lower than DGEIX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DFQTX vs. DGEIX - Dividend Comparison
DFQTX's dividend yield for the trailing twelve months is around 0.95%, less than DGEIX's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFQTX DFA US Core Equity 2 Portfolio I | 0.95% | 1.06% | 1.15% | 1.74% | 4.43% | 4.74% | 1.29% | 3.50% | 2.84% | 1.97% | 1.80% | 3.78% |
DGEIX DFA Global Equity Portfolio Institutional Class | 2.68% | 2.79% | 3.64% | 3.82% | 4.92% | 1.94% | 2.37% | 2.22% | 2.62% | 1.50% | 1.90% | 1.98% |
Frequently Asked Questions
With a correlation of 0.95, DFQTX and DGEIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DGEIX has higher volatility (3.28%) compared to DFQTX (2.94%). In terms of maximum drawdown, DFQTX dropped -59.35% vs DGEIX's -59.77%.
DGEIX currently has the higher Sharpe Ratio (2.62 vs 2.62), 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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