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 Fund Advisors LP. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFQTX or FMSDX.
Key characteristics
| DFQTX | FMSDX | |
|---|---|---|
| YTD Return | 6.27% | 2.45% |
| 1Y Return | 23.49% | 8.80% |
| 3Y Return (Ann) | 7.18% | 1.91% |
| 5Y Return (Ann) | 12.59% | 8.70% |
| Sharpe Ratio | 2.09 | 1.35 |
| Daily Std Dev | 12.33% | 6.38% |
| Max Drawdown | -59.35% | -21.64% |
| Current Drawdown | -3.40% | -2.31% |
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.
Performance
DFQTX vs. FMSDX - Performance Comparison
In the year-to-date period, DFQTX achieves a 6.27% return, which is significantly higher than FMSDX's 2.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
DFQTX vs. FMSDX - Risk-Adjusted Performance 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.
Dividends
DFQTX vs. FMSDX - Dividend Comparison
DFQTX's dividend yield for the trailing twelve months is around 1.65%, less than FMSDX's 4.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFQTX DFA US Core Equity 2 Portfolio I | 1.65% | 1.74% | 4.43% | 4.74% | 1.29% | 3.50% | 2.84% | 2.52% | 2.28% | 3.78% | 2.17% | 2.29% |
FMSDX Fidelity Multi-Asset Income Fund | 4.13% | 4.23% | 4.71% | 3.22% | 3.40% | 2.82% | 3.70% | 0.00% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
DFQTX vs. FMSDX - Volatility Comparison
DFA US Core Equity 2 Portfolio I (DFQTX) has a higher volatility of 3.50% compared to Fidelity Multi-Asset Income Fund (FMSDX) at 1.80%. 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.