DFSPX vs. VEU

Last updated Aug 1, 2026

DFSPX (DFA International Sustainability Core 1 Portfolio) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, DFSPX returned 9.75%/yr vs 9.66%/yr for VEU. Their 0.95 correlation means they have historically moved very closely together. DFSPX charges 0.24%/yr vs 0.04%/yr for VEU.

Performance

DFSPX vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA International Sustainability Core 1 Portfolio (DFSPX) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFSPX achieves a 9.72% return, which is significantly lower than VEU's 13.33% return. Both investments have delivered pretty close results over the past 10 years, with DFSPX having a 9.75% annualized return and VEU not far behind at 9.66%.

DFSPX

• 1D: 2.41%
• 1M: 2.11%
• 6M: 5.20%
• YTD: 9.72%
• 1Y: 22.31%
• 3Y*: 16.61%
• 5Y*: 8.40%
• 10Y*: 9.75%
• ALL TIME*: 9.02%

VEU

• 1D: -0.22%
• 1M: -0.16%
• 6M: 7.25%
• YTD: 13.33%
• 1Y: 28.40%
• 3Y*: 17.58%
• 5Y*: 9.15%
• 10Y*: 9.66%
• ALL TIME*: 5.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFSPX DFA International Sustainability Core 1 Portfolio	$0.00	$0.00	$0.00
VEU Vanguard FTSE All-World ex-US ETF	$230.24M	$229.52M	$221.55M

DFSPX vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFSPX DFA International Sustainability Core 1 Portfolio	9.72%	32.97%	4.99%	18.37%	-17.70%	12.12%	11.64%	24.22%	-15.53%	27.25%
VEU Vanguard FTSE All-World ex-US ETF	13.33%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between DFSPX and VEU is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.95

The correlation between DFSPX and VEU has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

DFSPX vs. VEU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFSPX

DFSPX Risk / Return Rank: 53
DFSPX Sharpe Ratio Rank: 57
DFSPX Sortino Ratio Rank: 58
DFSPX Omega Ratio Rank: 54
DFSPX Calmar Ratio Rank: 49
DFSPX Martin Ratio Rank: 48

VEU

VEU Risk / Return Rank: 73
VEU Sharpe Ratio Rank: 74
VEU Sortino Ratio Rank: 72
VEU Omega Ratio Rank: 74
VEU Calmar Ratio Rank: 72
VEU Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFSPX vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA International Sustainability Core 1 Portfolio (DFSPX) and Vanguard FTSE All-World ex-US ETF (VEU). 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.

	DFSPX	VEU	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.66	-0.24
Sortino ratio: Return per unit of downside risk	2.06	2.31	-0.24
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	1.82	2.46	-0.64
Martin ratio: Return relative to average drawdown	6.62	9.00	-2.38

DFSPX vs. VEU - Sharpe Ratio Comparison

The current DFSPX Sharpe Ratio is 1.42, which is comparable to the VEU Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of DFSPX and VEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFSPX vs. VEU - Drawdown Comparison

The maximum DFSPX drawdown since its inception was -35.86%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for DFSPX and VEU.

Drawdown Indicators

	DFSPX	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-35.86%	-61.52%	+25.66%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-11.43%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-12.43%	-13.69%	+1.26%
Max Drawdown (5Y) Largest decline over 5 years	-32.68%	-29.14%	-3.54%
Max Drawdown (10Y) Largest decline over 10 years	-35.86%	-34.98%	-0.88%
Current Drawdown Current decline from peak	0.00%	-2.79%	+2.79%
Average Drawdown Average peak-to-trough decline	-7.15%	-13.05%	+5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.12%	+0.16%

Volatility

DFSPX vs. VEU - Volatility Comparison

The current volatility for DFA International Sustainability Core 1 Portfolio (DFSPX) is 4.41%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.31%. This indicates that DFSPX experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFSPX	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	5.31%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	15.10%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	16.96%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	16.37%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.96%	17.08%	-1.12%

DFSPX vs. VEU - Expense Ratio Comparison

DFSPX has a 0.24% expense ratio, which is higher than VEU's 0.04% 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%.

Dividends

DFSPX vs. VEU - Dividend Comparison

DFSPX's dividend yield for the trailing twelve months is around 2.92%, more than VEU's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSPX DFA International Sustainability Core 1 Portfolio	2.92%	3.06%	3.06%	2.59%	2.27%	2.64%	1.44%	2.52%	2.60%	2.32%	2.48%	2.43%
VEU Vanguard FTSE All-World ex-US ETF	2.56%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both DFSPX and VEU in my portfolio?

With a correlation of 0.94, DFSPX and VEU 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.

Which is riskier, DFSPX or VEU?

VEU has higher volatility (5.31%) compared to DFSPX (4.41%). In terms of maximum drawdown, DFSPX dropped -35.86% vs VEU's -61.52%.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (1.66 vs 1.42), 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.