DFQTX vs. SPY
Compare and contrast key facts about DFA US Core Equity 2 Portfolio I (DFQTX) and State Street SPDR S&P 500 ETF (SPY).
DFQTX is managed by Dimensional. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
DFQTX vs. SPY - Performance Comparison
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DFQTX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFQTX DFA US Core Equity 2 Portfolio I | -4.02% | 15.99% | 20.27% | 21.88% | -14.21% | 28.46% | 15.72% | 29.41% | -9.65% | 18.26% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, DFQTX achieves a -4.02% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, DFQTX has underperformed SPY with an annualized return of 12.61%, while SPY has yielded a comparatively higher 13.98% annualized 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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DFQTX vs. SPY - Expense Ratio Comparison
DFQTX has a 0.19% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
DFQTX vs. SPY — Risk / Return Rank
DFQTX
SPY
DFQTX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA US Core Equity 2 Portfolio I (DFQTX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.93 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.45 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.53 | -0.52 |
Martin ratioReturn relative to average drawdown | 4.74 | 7.30 | -2.56 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.93 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.69 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.78 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.09 |
Correlation
The correlation between DFQTX and SPY is 0.96, 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. SPY - Dividend Comparison
DFQTX's dividend yield for the trailing twelve months is around 1.12%, less than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
DFQTX vs. SPY - Drawdown Comparison
The maximum DFQTX drawdown since its inception was -59.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DFQTX and SPY.
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Drawdown Indicators
| DFQTX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.35% | -55.19% | -4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -12.05% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -24.50% | +1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | -33.72% | -3.49% |
Current DrawdownCurrent decline from peak | -8.47% | -6.24% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -9.09% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.52% | +0.27% |
Volatility
DFQTX vs. SPY - Volatility Comparison
The current volatility for DFA US Core Equity 2 Portfolio I (DFQTX) is 4.27%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that DFQTX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFQTX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 5.31% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 9.47% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 19.05% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 17.06% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 17.92% | +0.33% |