DFUVX vs. QQQ
DFUVX (DFA U.S. Large Cap Value III Portfolio) and QQQ (Invesco QQQ ETF) are both funds - DFUVX is a Large Cap Value Equities fund managed by Dimensional, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, DFUVX returned 11.41%/yr vs 21.79%/yr for QQQ. A 0.68 correlation means they provide meaningful diversification when combined. DFUVX charges 0.14%/yr vs 0.18%/yr for QQQ.
Performance
DFUVX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, DFUVX achieves a 16.03% return, which is significantly lower than QQQ's 17.57% return. Over the past 10 years, DFUVX has underperformed QQQ with an annualized return of 11.41%, while QQQ has yielded a comparatively higher 21.79% annualized return.
DFUVX
- 1D
- 1.73%
- 1M
- 3.67%
- YTD
- 16.03%
- 6M
- 15.83%
- 1Y
- 31.69%
- 3Y*
- 18.54%
- 5Y*
- 9.81%
- 10Y*
- 11.41%
QQQ
- 1D
- 0.59%
- 1M
- 0.93%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 35.82%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
DFUVX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFUVX DFA U.S. Large Cap Value III Portfolio | 16.03% | 15.83% | 12.87% | 11.65% | -5.73% | 22.75% | -0.45% | 25.62% | -11.58% | 18.60% |
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between DFUVX and QQQ is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.68 |
The correlation between DFUVX and QQQ shifts across timeframes, from 0.51 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFUVX vs. QQQ — Risk / Return Rank
DFUVX
QQQ
DFUVX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Large Cap Value III Portfolio (DFUVX) and Invesco QQQ ETF (QQQ). 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.
| DFUVX | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.57 | 3.01 | +2.56 |
| Martin ratioReturn relative to average drawdown | 20.19 | 11.22 | +8.97 |
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Drawdowns
DFUVX vs. QQQ - Drawdown Comparison
The maximum DFUVX drawdown since its inception was -65.60%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DFUVX and QQQ.
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Drawdown Indicators
| DFUVX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.60% | -82.97% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.85% | -11.96% | +6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -22.77% | +5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -35.12% | +14.79% |
Max Drawdown (10Y)Largest decline over 10 years | -41.76% | -35.12% | -6.64% |
Current DrawdownCurrent decline from peak | -0.67% | -3.33% | +2.66% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -32.75% | +22.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.20% | -1.60% |
Volatility
DFUVX vs. QQQ - Volatility Comparison
The current volatility for DFA U.S. Large Cap Value III Portfolio (DFUVX) is 3.74%, while Invesco QQQ ETF (QQQ) has a volatility of 7.56%. This indicates that DFUVX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFUVX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 7.56% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 13.81% | -5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 17.19% | -5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 22.55% | -6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 22.38% | -3.97% |
DFUVX vs. QQQ - Expense Ratio Comparison
DFUVX has a 0.14% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DFUVX vs. QQQ - Dividend Comparison
DFUVX's dividend yield for the trailing twelve months is around 1.50%, more than QQQ's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFUVX DFA U.S. Large Cap Value III Portfolio | 1.50% | 1.31% | 1.94% | 5.68% | 5.84% | 1.77% | 2.09% | 5.04% | 9.79% | 7.99% | 4.90% | 8.03% |
QQQ Invesco QQQ ETF | 0.39% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
DFUVX and QQQ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (7.56%) compared to DFUVX (3.74%). In terms of maximum drawdown, DFUVX dropped -65.60% vs QQQ's -82.97%.
DFUVX currently has the higher Sharpe Ratio (2.87 vs 2.09), 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.
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