DFVEX vs. IWP
Compare and contrast key facts about DFA U.S. Vector Equity Fund (DFVEX) and iShares Russell Midcap Growth ETF (IWP).
DFVEX is managed by Dimensional Fund Advisors LP. It was launched on Dec 30, 2005. IWP is a passively managed fund by iShares that tracks the performance of the Russell Midcap Growth Index. It was launched on Jul 17, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFVEX or IWP.
Key characteristics
| DFVEX | IWP | |
|---|---|---|
| YTD Return | 8.65% | 7.56% |
| 1Y Return | 29.78% | 27.35% |
| 3Y Return (Ann) | 6.57% | 3.65% |
| 5Y Return (Ann) | 12.38% | 10.96% |
| 10Y Return (Ann) | 9.52% | 11.15% |
| Sharpe Ratio | 1.92 | 1.72 |
| Daily Std Dev | 14.68% | 14.90% |
| Max Drawdown | -62.56% | -56.92% |
| Current Drawdown | -0.34% | -7.54% |
Correlation
The correlation between DFVEX and IWP is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFVEX vs. IWP - Performance Comparison
In the year-to-date period, DFVEX achieves a 8.65% return, which is significantly higher than IWP's 7.56% return. Over the past 10 years, DFVEX has underperformed IWP with an annualized return of 9.52%, while IWP has yielded a comparatively higher 11.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFVEX vs. IWP - Expense Ratio Comparison
DFVEX has a 0.28% expense ratio, which is higher than IWP's 0.24% expense ratio.
Risk-Adjusted Performance
DFVEX vs. IWP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Vector Equity Fund (DFVEX) and iShares Russell Midcap 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.
Dividends
DFVEX vs. IWP - Dividend Comparison
DFVEX's dividend yield for the trailing twelve months is around 3.08%, more than IWP's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFVEX DFA U.S. Vector Equity Fund | 3.08% | 3.33% | 4.94% | 7.77% | 1.28% | 2.98% | 4.09% | 4.88% | 3.78% | 5.08% | 4.44% | 2.35% |
IWP iShares Russell Midcap Growth ETF | 0.48% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% | 1.03% | 0.80% |
Drawdowns
DFVEX vs. IWP - Drawdown Comparison
The maximum DFVEX drawdown since its inception was -62.56%, 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. For additional features, visit the drawdowns tool.
Volatility
DFVEX vs. IWP - Volatility Comparison
The current volatility for DFA U.S. Vector Equity Fund (DFVEX) is 3.42%, while iShares Russell Midcap Growth ETF (IWP) has a volatility of 4.04%. 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.