DFUVX vs. VOE
DFUVX (DFA U.S. Large Cap Value III Portfolio) and VOE (Vanguard Mid-Cap Value ETF) are both funds - DFUVX is a Large Cap Value Equities fund managed by Dimensional, while VOE is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index. Over the past 10 years, DFUVX returned 11.34%/yr vs 10.94%/yr for VOE. Their correlation of 0.95 suggests significant overlap in exposure. DFUVX charges 0.14%/yr vs 0.05%/yr for VOE.
Performance
DFUVX vs. VOE - Performance Comparison
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Returns By Period
In the year-to-date period, DFUVX achieves a 15.75% return, which is significantly higher than VOE's 11.61% return. Both investments have delivered pretty close results over the past 10 years, with DFUVX having a 11.34% annualized return and VOE not far behind at 10.94%.
DFUVX
- 1D
- 0.12%
- 1M
- 1.88%
- YTD
- 15.75%
- 6M
- 14.95%
- 1Y
- 31.82%
- 3Y*
- 17.96%
- 5Y*
- 10.84%
- 10Y*
- 11.34%
VOE
- 1D
- 0.52%
- 1M
- 1.30%
- YTD
- 11.61%
- 6M
- 10.63%
- 1Y
- 24.11%
- 3Y*
- 16.19%
- 5Y*
- 9.39%
- 10Y*
- 10.94%
DFUVX vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFUVX DFA U.S. Large Cap Value III Portfolio | 15.75% | 15.83% | 12.87% | 11.65% | -5.73% | 22.75% | -0.45% | 25.62% | -11.58% | 18.60% |
VOE Vanguard Mid-Cap Value ETF | 11.61% | 12.08% | 14.00% | 9.85% | -7.97% | 28.78% | 2.65% | 27.85% | -12.48% | 17.07% |
Correlation
The correlation between DFUVX and VOE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2006 | 0.95 |
The correlation between DFUVX and VOE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
DFUVX vs. VOE — Risk / Return Rank
DFUVX
VOE
DFUVX vs. VOE - 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 Vanguard Mid-Cap Value ETF (VOE). 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 | VOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.36 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.60 | 3.50 | +2.10 |
| Martin ratioReturn relative to average drawdown | 20.28 | 13.22 | +7.06 |
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Drawdowns
DFUVX vs. VOE - Drawdown Comparison
The maximum DFUVX drawdown since its inception was -65.60%, which is greater than VOE's maximum drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for DFUVX and VOE.
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Drawdown Indicators
| DFUVX | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.60% | -61.50% | -4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.85% | -6.93% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -18.45% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -19.70% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -41.76% | -43.18% | +1.42% |
Current DrawdownCurrent decline from peak | -1.28% | -1.18% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -8.33% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.83% | -0.22% |
Volatility
DFUVX vs. VOE - Volatility Comparison
DFA U.S. Large Cap Value III Portfolio (DFUVX) has a higher volatility of 3.78% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.36%. This indicates that DFUVX's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFUVX | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.36% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 8.36% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 11.66% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 16.01% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 18.84% | -0.43% |
DFUVX vs. VOE - Expense Ratio Comparison
DFUVX has a 0.14% expense ratio, which is higher than VOE's 0.05% 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
DFUVX vs. VOE - Dividend Comparison
DFUVX's dividend yield for the trailing twelve months is around 1.51%, less than VOE's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFUVX DFA U.S. Large Cap Value III Portfolio | 1.51% | 1.31% | 1.94% | 5.68% | 5.84% | 1.77% | 2.09% | 5.04% | 9.79% | 7.99% | 4.90% | 8.03% |
VOE Vanguard Mid-Cap Value ETF | 1.86% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Frequently Asked Questions
With a correlation of 0.91, DFUVX and VOE 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.
DFUVX has higher volatility (3.78%) compared to VOE (3.36%). In terms of maximum drawdown, DFUVX dropped -65.60% vs VOE's -61.50%.
DFUVX currently has the higher Sharpe Ratio (2.88 vs 2.08), 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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