DFWIX vs. DFIEX
DFWIX (DFA World ex U.S. Core Equity Portfolio) and DFIEX (DFA International Core Equity 2 Portfolio Institutional Class) are both Foreign Large Cap Equities funds from Dimensional. Over the past 10 years, DFWIX returned 10.70%/yr vs 10.21%/yr for DFIEX. Their 0.97 correlation means they have historically moved very closely together. DFWIX charges 0.31%/yr vs 0.24%/yr for DFIEX.
Performance
DFWIX vs. DFIEX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DFWIX having a 12.39% return and DFIEX slightly higher at 13.00%. Both investments have delivered pretty close results over the past 10 years, with DFWIX having a 10.70% annualized return and DFIEX not far behind at 10.21%.
DFWIX
- 1D
- 2.63%
- 1M
- 0.05%
- 6M
- 6.03%
- YTD
- 12.39%
- 1Y
- 26.90%
- 3Y*
- 17.03%
- 5Y*
- 11.46%
- 10Y*
- 10.70%
- ALL TIME*
- 8.18%
DFIEX
- 1D
- 2.44%
- 1M
- 2.54%
- 6M
- 7.34%
- YTD
- 13.00%
- 1Y
- 27.94%
- 3Y*
- 18.16%
- 5Y*
- 10.39%
- 10Y*
- 10.21%
- ALL TIME*
- 7.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DFWIX vs. DFIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFWIX DFA World ex U.S. Core Equity Portfolio | 12.39% | 33.45% | 4.34% | 16.74% | -14.04% | 22.41% | 9.35% | 19.98% | -17.00% | 30.17% |
DFIEX DFA International Core Equity 2 Portfolio Institutional Class | 13.00% | 36.18% | 3.99% | 17.50% | -13.51% | 13.85% | 7.73% | 21.70% | -17.41% | 28.04% |
Correlation
The correlation between DFWIX and DFIEX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.97 |
The correlation between DFWIX and DFIEX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
DFWIX vs. DFIEX — Risk / Return Rank
DFWIX
DFIEX
DFWIX vs. DFIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA World ex U.S. Core Equity Portfolio (DFWIX) and DFA International Core Equity 2 Portfolio Institutional Class (DFIEX). 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.
| DFWIX | DFIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.50 | -0.10 |
| Martin ratioReturn relative to average drawdown | 8.84 | 9.75 | -0.91 |
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Drawdowns
DFWIX vs. DFIEX - Drawdown Comparison
The maximum DFWIX drawdown since its inception was -41.80%, smaller than the maximum DFIEX drawdown of -62.22%. Use the drawdown chart below to compare losses from any high point for DFWIX and DFIEX.
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Drawdown Indicators
| DFWIX | DFIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.80% | -62.22% | +20.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -11.01% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.11% | -12.81% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.31% | -28.66% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -41.80% | -41.04% | -0.76% |
Current DrawdownCurrent decline from peak | -2.63% | 0.00% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -12.09% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.82% | +0.11% |
Volatility
DFWIX vs. DFIEX - Volatility Comparison
DFA World ex U.S. Core Equity Portfolio (DFWIX) has a higher volatility of 5.20% compared to DFA International Core Equity 2 Portfolio Institutional Class (DFIEX) at 4.28%. This indicates that DFWIX's price experiences larger fluctuations and is considered to be riskier than DFIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFWIX | DFIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 4.28% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 12.23% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.95% | 14.50% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 15.82% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 16.12% | -0.63% |
DFWIX vs. DFIEX - Expense Ratio Comparison
DFWIX has a 0.31% expense ratio, which is higher than DFIEX's 0.24% expense ratio.
Dividends
DFWIX vs. DFIEX - Dividend Comparison
DFWIX's dividend yield for the trailing twelve months is around 2.93%, which matches DFIEX's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIEX DFA International Core Equity 2 Portfolio Institutional Class | 2.93% | 3.22% | 3.42% | 3.36% | 2.88% | 2.98% | 1.77% | 2.90% | 2.95% | 2.49% | 2.76% | 4.20% |
DFWIX DFA World ex U.S. Core Equity Portfolio | 2.93% | 3.00% | 3.32% | 3.36% | 3.11% | 10.71% | 1.81% | 2.36% | 3.50% | 2.36% | 2.59% | 2.31% |
Frequently Asked Questions
With a correlation of 0.93, DFWIX and DFIEX 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.
DFWIX has higher volatility (5.20%) compared to DFIEX (4.28%). In terms of maximum drawdown, DFWIX dropped -41.80% vs DFIEX's -62.22%.
DFIEX currently has the higher Sharpe Ratio (1.91 vs 1.74), 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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