DFQTX vs. FMSDX
Compare and contrast key facts about DFA US Core Equity 2 Portfolio I (DFQTX) and Fidelity Multi-Asset Income Fund (FMSDX).
DFQTX is managed by Dimensional. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Performance
DFQTX vs. FMSDX - Performance Comparison
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DFQTX vs. FMSDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DFQTX DFA US Core Equity 2 Portfolio I | -4.02% | 15.99% | 20.27% | 21.88% | -14.21% | 28.46% | 15.72% | 29.41% | -12.21% |
FMSDX Fidelity Multi-Asset Income Fund | 0.32% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
Returns By Period
In the year-to-date period, DFQTX achieves a -4.02% return, which is significantly lower than FMSDX's 0.32% return.
DFQTX
- 1D
- -0.54%
- 1M
- -7.31%
- YTD
- -4.02%
- 6M
- -1.55%
- 1Y
- 16.25%
- 3Y*
- 15.75%
- 5Y*
- 10.23%
- 10Y*
- 12.61%
FMSDX
- 1D
- -0.39%
- 1M
- -6.19%
- YTD
- 0.32%
- 6M
- 0.22%
- 1Y
- 16.81%
- 3Y*
- 9.80%
- 5Y*
- 5.96%
- 10Y*
- —
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DFQTX vs. FMSDX - Expense Ratio Comparison
DFQTX has a 0.19% expense ratio, which is lower than FMSDX's 0.78% expense ratio.
Return for Risk
DFQTX vs. FMSDX — Risk / Return Rank
DFQTX
FMSDX
DFQTX vs. FMSDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA US Core Equity 2 Portfolio I (DFQTX) and Fidelity Multi-Asset Income Fund (FMSDX). 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 | FMSDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.46 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.99 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.06 | -1.06 |
Martin ratioReturn relative to average drawdown | 4.74 | 7.80 | -3.07 |
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 | FMSDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.46 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.61 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.84 | -0.37 |
Correlation
The correlation between DFQTX and FMSDX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DFQTX vs. FMSDX - Dividend Comparison
DFQTX's dividend yield for the trailing twelve months is around 1.12%, less than FMSDX's 3.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFQTX DFA US Core Equity 2 Portfolio I | 1.12% | 1.06% | 1.15% | 1.74% | 4.43% | 4.74% | 1.29% | 3.50% | 2.84% | 1.97% | 1.80% | 3.78% |
FMSDX Fidelity Multi-Asset Income Fund | 3.53% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
Drawdowns
DFQTX vs. FMSDX - Drawdown Comparison
The maximum DFQTX drawdown since its inception was -59.35%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for DFQTX and FMSDX.
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Drawdown Indicators
| DFQTX | FMSDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.35% | -21.64% | -37.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -7.94% | -4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -18.12% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | — | — |
Current DrawdownCurrent decline from peak | -8.47% | -6.47% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -3.87% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.09% | +0.70% |
Volatility
DFQTX vs. FMSDX - Volatility Comparison
DFA US Core Equity 2 Portfolio I (DFQTX) has a higher volatility of 4.27% compared to Fidelity Multi-Asset Income Fund (FMSDX) at 3.94%. This indicates that DFQTX's price experiences larger fluctuations and is considered to be riskier than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFQTX | FMSDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 3.94% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 8.00% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 11.87% | +6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 9.75% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 10.61% | +7.64% |