DFVEX vs. VMVIX
DFVEX (DFA U.S. Vector Equity Fund) and VMVIX (Vanguard Mid-Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 10 years, DFVEX returned 12.58%/yr vs 10.74%/yr for VMVIX. With a 0.95 correlation, they move nearly in lockstep. DFVEX charges 0.28%/yr vs 0.19%/yr for VMVIX.
Performance
DFVEX vs. VMVIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DFVEX having a 11.77% return and VMVIX slightly lower at 11.61%. Over the past 10 years, DFVEX has outperformed VMVIX with an annualized return of 12.58%, while VMVIX has yielded a comparatively lower 10.74% annualized return.
DFVEX
- 1D
- -0.06%
- 1M
- 1.39%
- YTD
- 11.77%
- 6M
- 10.48%
- 1Y
- 27.00%
- 3Y*
- 18.22%
- 5Y*
- 10.94%
- 10Y*
- 12.58%
VMVIX
- 1D
- 0.53%
- 1M
- 1.27%
- YTD
- 11.61%
- 6M
- 10.74%
- 1Y
- 22.77%
- 3Y*
- 15.81%
- 5Y*
- 9.14%
- 10Y*
- 10.74%
DFVEX vs. VMVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFVEX DFA U.S. Vector Equity Fund | 11.77% | 13.66% | 14.36% | 17.60% | -9.96% | 32.10% | 7.53% | 26.11% | -13.24% | 14.15% |
VMVIX Vanguard Mid-Cap Value Index Fund | 11.61% | 11.22% | 13.48% | 10.00% | -8.00% | 28.60% | 2.33% | 27.85% | -12.57% | 16.91% |
Correlation
The correlation between DFVEX and VMVIX is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2006 | 0.95 |
The correlation between DFVEX and VMVIX shifts across timeframes, from 0.82 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFVEX vs. VMVIX — Risk / Return Rank
DFVEX
VMVIX
DFVEX vs. VMVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Vector Equity Fund (DFVEX) and Vanguard Mid-Cap Value Index Fund (VMVIX). 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 | VMVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.44 | -0.07 |
| Martin ratioReturn relative to average drawdown | 13.79 | 13.09 | +0.70 |
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Drawdowns
DFVEX vs. VMVIX - Drawdown Comparison
The maximum DFVEX drawdown since its inception was -62.71%, roughly equal to the maximum VMVIX drawdown of -61.61%. Use the drawdown chart below to compare losses from any high point for DFVEX and VMVIX.
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Drawdown Indicators
| DFVEX | VMVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.71% | -61.61% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -6.96% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.20% | -18.94% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -19.81% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -42.20% | -43.08% | +0.88% |
Current DrawdownCurrent decline from peak | -0.84% | -1.15% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -8.44% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.83% | +0.22% |
Volatility
DFVEX vs. VMVIX - Volatility Comparison
DFA U.S. Vector Equity Fund (DFVEX) has a higher volatility of 3.97% compared to Vanguard Mid-Cap Value Index Fund (VMVIX) at 3.39%. This indicates that DFVEX's price experiences larger fluctuations and is considered to be riskier than VMVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFVEX | VMVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 3.39% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 8.40% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 11.65% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 16.00% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.16% | 18.80% | +1.36% |
DFVEX vs. VMVIX - Expense Ratio Comparison
DFVEX has a 0.28% expense ratio, which is higher than VMVIX's 0.19% expense ratio.
Dividends
DFVEX vs. VMVIX - Dividend Comparison
DFVEX's dividend yield for the trailing twelve months is around 1.08%, less than VMVIX's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFVEX DFA U.S. Vector Equity Fund | 1.08% | 0.91% | 1.26% | 3.33% | 4.94% | 9.56% | 1.28% | 2.98% | 4.09% | 4.41% | 3.46% | 4.59% |
VMVIX Vanguard Mid-Cap Value Index Fund | 1.75% | 1.42% | 1.99% | 2.15% | 2.15% | 1.67% | 2.26% | 1.95% | 2.60% | 1.75% | 1.81% | 1.91% |
Frequently Asked Questions
DFVEX and VMVIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFVEX has higher volatility (3.97%) compared to VMVIX (3.39%). In terms of maximum drawdown, DFVEX dropped -62.71% vs VMVIX's -61.61%.
DFVEX currently has the higher Sharpe Ratio (2.28 vs 2.06), 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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