DFVEX vs. IWP
DFVEX (DFA U.S. Vector Equity Fund) and IWP (iShares Russell Mid-Cap Growth ETF) are both funds - DFVEX is a Mid Cap Value Equities fund managed by Dimensional, while IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index. Over the past 10 years, DFVEX returned 12.08%/yr vs 11.67%/yr for IWP. Their correlation of 0.87 means they have usually moved in the same direction. DFVEX charges 0.28%/yr vs 0.23%/yr for IWP.
Performance
DFVEX vs. IWP - Performance Comparison
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Returns By Period
In the year-to-date period, DFVEX achieves a 13.89% return, which is significantly higher than IWP's 0.23% return. Both investments have delivered pretty close results over the past 10 years, with DFVEX having a 12.08% annualized return and IWP not far behind at 11.67%.
DFVEX
- 1D
- 0.99%
- 1M
- 0.84%
- 6M
- 10.03%
- YTD
- 13.89%
- 1Y
- 25.86%
- 3Y*
- 15.60%
- 5Y*
- 11.28%
- 10Y*
- 12.08%
- ALL TIME*
- 9.33%
IWP
- 1D
- -0.32%
- 1M
- -4.14%
- 6M
- 1.18%
- YTD
- 0.23%
- 1Y
- -1.18%
- 3Y*
- 11.93%
- 5Y*
- 4.22%
- 10Y*
- 11.67%
- ALL TIME*
- 9.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $113.97M | $109.26M | $114.31M |
DFVEX vs. IWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFVEX DFA U.S. Vector Equity Fund | 13.89% | 13.66% | 14.36% | 17.60% | -9.96% | 32.10% | 7.53% | 26.11% | -13.24% | 14.15% |
IWP iShares Russell Mid-Cap Growth ETF | 0.23% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
Correlation
The correlation between DFVEX and IWP is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.87 |
The correlation between DFVEX and IWP has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
DFVEX vs. IWP — Risk / Return Rank
DFVEX
IWP
DFVEX vs. IWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Vector Equity Fund (DFVEX) and iShares Russell Mid-Cap Growth ETF (IWP). 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.
| DFVEX | IWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.99 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | -0.19 | +2.98 |
| Martin ratioReturn relative to average drawdown | 11.51 | -0.52 | +12.03 |
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Drawdowns
DFVEX vs. IWP - Drawdown Comparison
The maximum DFVEX drawdown since its inception was -62.71%, which is greater than IWP's maximum drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for DFVEX and IWP.
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Drawdown Indicators
| DFVEX | IWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.71% | -56.92% | -5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -14.79% | +6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.20% | -25.20% | +4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -38.62% | +17.42% |
Max Drawdown (10Y)Largest decline over 10 years | -42.20% | -38.62% | -3.58% |
Current DrawdownCurrent decline from peak | -0.49% | -6.40% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -9.64% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 5.31% | -3.25% |
Volatility
DFVEX vs. IWP - Volatility Comparison
The current volatility for DFA U.S. Vector Equity Fund (DFVEX) is 2.80%, while iShares Russell Mid-Cap Growth ETF (IWP) has a volatility of 5.14%. This indicates that DFVEX experiences smaller price fluctuations and is considered to be less risky than IWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFVEX | IWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 5.14% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 13.94% | -4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 17.56% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 22.47% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 21.71% | -1.67% |
DFVEX vs. IWP - Expense Ratio Comparison
DFVEX has a 0.28% expense ratio, which is higher than IWP's 0.23% expense ratio.
Dividends
DFVEX vs. IWP - Dividend Comparison
DFVEX's dividend yield for the trailing twelve months is around 1.09%, more than IWP's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFVEX DFA U.S. Vector Equity Fund | 1.09% | 0.91% | 1.26% | 3.33% | 4.94% | 9.56% | 1.28% | 2.98% | 4.09% | 4.41% | 3.46% | 4.59% |
IWP iShares Russell Mid-Cap Growth ETF | 0.36% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
Frequently Asked Questions
DFVEX and IWP have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWP has higher volatility (5.14%) compared to DFVEX (2.80%). In terms of maximum drawdown, DFVEX dropped -62.71% vs IWP's -56.92%.
DFVEX currently has the higher Sharpe Ratio (1.91 vs -0.16), 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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