DFSVX vs. VIPSX

Last updated Jun 16, 2026

DFSVX (DFA U.S. Small Cap Value Portfolio I) and VIPSX (Vanguard Inflation-Protected Securities Fund Investor Shares) are both mutual funds - DFSVX is a Small Cap Value Equities fund actively managed by Dimensional, while VIPSX is a Inflation-Protected Bonds fund managed by Vanguard. Over the past 10 years, DFSVX returned 11.92%/yr vs 2.47%/yr for VIPSX. At a correlation of -0.15, they often move in opposite directions. DFSVX charges 0.30%/yr vs 0.20%/yr for VIPSX.

Performance

DFSVX vs. VIPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA U.S. Small Cap Value Portfolio I (DFSVX) and Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFSVX achieves a 19.04% return, which is significantly higher than VIPSX's 1.17% return. Over the past 10 years, DFSVX has outperformed VIPSX with an annualized return of 11.92%, while VIPSX has yielded a comparatively lower 2.47% annualized return.

DFSVX

• 1D: 1.07%
• 1M: 6.91%
• YTD: 19.04%
• 6M: 16.51%
• 1Y: 37.92%
• 3Y*: 17.58%
• 5Y*: 10.73%
• 10Y*: 11.92%

VIPSX

• 1D: -0.17%
• 1M: 0.34%
• YTD: 1.17%
• 6M: 1.28%
• 1Y: 4.66%
• 3Y*: 3.93%
• 5Y*: 0.88%
• 10Y*: 2.47%

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

DFSVX vs. VIPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFSVX DFA U.S. Small Cap Value Portfolio I	19.04%	8.37%	9.58%	19.02%	-3.57%	39.97%	2.24%	18.15%	-15.13%	6.82%
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	1.17%	6.77%	1.74%	3.73%	-12.04%	5.57%	10.90%	8.06%	-1.48%	2.81%

Correlation

The correlation between DFSVX and VIPSX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Jun 29, 2000	-0.15

The correlation between DFSVX and VIPSX shifts across timeframes, from -0.15 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

DFSVX vs. VIPSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFSVX

DFSVX Risk / Return Rank: 73
DFSVX Sharpe Ratio Rank: 69
DFSVX Sortino Ratio Rank: 72
DFSVX Omega Ratio Rank: 61
DFSVX Calmar Ratio Rank: 87
DFSVX Martin Ratio Rank: 75

VIPSX

VIPSX Risk / Return Rank: 33
VIPSX Sharpe Ratio Rank: 29
VIPSX Sortino Ratio Rank: 31
VIPSX Omega Ratio Rank: 27
VIPSX Calmar Ratio Rank: 43
VIPSX Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFSVX vs. VIPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Small Cap Value Portfolio I (DFSVX) and Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX). 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.

	DFSVX	VIPSX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.34	+0.72
Sortino ratio: Return per unit of downside risk	2.98	2.03	+0.95
Omega ratio: Gain probability vs. loss probability	1.36	1.23	+0.13
Calmar ratio: Return relative to maximum drawdown	3.76	2.23	+1.53
Martin ratio: Return relative to average drawdown	12.06	6.81	+5.25

DFSVX vs. VIPSX - Sharpe Ratio Comparison

The current DFSVX Sharpe Ratio is 2.05, which is higher than the VIPSX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of DFSVX and VIPSX, 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

DFSVX vs. VIPSX - Drawdown Comparison

The maximum DFSVX drawdown since its inception was -66.70%, which is greater than VIPSX's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for DFSVX and VIPSX.

Drawdown Indicators

	DFSVX	VIPSX	Difference
Max Drawdown Largest peak-to-trough decline	-66.70%	-15.13%	-51.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-2.02%	-7.57%
Max Drawdown (3Y) Largest decline over 3 years	-27.69%	-4.57%	-23.12%
Max Drawdown (5Y) Largest decline over 5 years	-27.69%	-14.55%	-13.14%
Max Drawdown (10Y) Largest decline over 10 years	-52.12%	-14.55%	-37.57%
Current Drawdown Current decline from peak	0.00%	-0.53%	+0.53%
Average Drawdown Average peak-to-trough decline	-9.46%	-3.24%	-6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	0.66%	+2.32%

Volatility

DFSVX vs. VIPSX - Volatility Comparison

DFA U.S. Small Cap Value Portfolio I (DFSVX) has a higher volatility of 4.30% compared to Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) at 1.20%. This indicates that DFSVX's price experiences larger fluctuations and is considered to be riskier than VIPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFSVX	VIPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	1.20%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	2.40%	+8.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.55%	3.37%	+14.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	5.99%	+15.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.89%	5.33%	+18.56%

DFSVX vs. VIPSX - Expense Ratio Comparison

DFSVX has a 0.30% expense ratio, which is higher than VIPSX's 0.20% expense ratio.

Dividends

DFSVX vs. VIPSX - Dividend Comparison

DFSVX's dividend yield for the trailing twelve months is around 1.46%, less than VIPSX's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSVX DFA U.S. Small Cap Value Portfolio I	1.46%	1.69%	1.47%	3.67%	6.77%	10.40%	1.96%	2.83%	7.54%	5.18%	4.18%	5.29%
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	4.41%	4.64%	4.07%	4.20%	8.34%	5.03%	1.28%	2.22%	3.03%	2.32%	3.38%	0.77%

Frequently Asked Questions

Can I hold both DFSVX and VIPSX in my portfolio?

DFSVX and VIPSX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFSVX or VIPSX?

DFSVX has higher volatility (4.30%) compared to VIPSX (1.20%). In terms of maximum drawdown, DFSVX dropped -66.70% vs VIPSX's -15.13%.

Which has better risk-adjusted returns?

DFSVX currently has the higher Sharpe Ratio (2.05 vs 1.34), 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.