DGBEX vs. UCEQX

Last updated Aug 1, 2026

DGBEX (DFA Global Social Core Equity Portfolio) and UCEQX (USAA Cornerstone Equity Fund) are both Global Equities funds. Over the past 5 years, DGBEX returned 10.95%/yr vs 11.02%/yr for UCEQX. Their 0.96 correlation means they have historically moved very closely together. DGBEX charges 0.34%/yr vs 0.09%/yr for UCEQX.

Performance

DGBEX vs. UCEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Global Social Core Equity Portfolio (DGBEX) and USAA Cornerstone Equity Fund (UCEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGBEX achieves a 12.54% return, which is significantly lower than UCEQX's 14.16% return.

DGBEX

• 1D: 2.02%
• 1M: -0.25%
• 6M: 8.58%
• YTD: 12.54%
• 1Y: 24.92%
• 3Y*: 18.32%
• 5Y*: 10.95%
• 10Y*: —
• ALL TIME*: 13.03%

UCEQX

• 1D: 1.69%
• 1M: 0.77%
• 6M: 10.61%
• YTD: 14.16%
• 1Y: 27.23%
• 3Y*: 19.03%
• 5Y*: 11.02%
• 10Y*: 11.28%
• ALL TIME*: 10.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGBEX DFA Global Social Core Equity Portfolio	$0.00	$0.00	$0.00
UCEQX USAA Cornerstone Equity Fund	$0.00	$0.00	$0.00

DGBEX vs. UCEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DGBEX DFA Global Social Core Equity Portfolio	12.54%	22.39%	15.72%	22.33%	-17.76%	20.94%	12.88%	3.93%
UCEQX USAA Cornerstone Equity Fund	14.16%	23.71%	14.50%	19.36%	-16.25%	19.68%	10.76%	4.13%

Correlation

The correlation between DGBEX and UCEQX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Nov 12, 2019	0.96

The correlation between DGBEX and UCEQX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

DGBEX vs. UCEQX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DGBEX

DGBEX Risk / Return Rank: 67
DGBEX Sharpe Ratio Rank: 67
DGBEX Sortino Ratio Rank: 65
DGBEX Omega Ratio Rank: 64
DGBEX Calmar Ratio Rank: 66
DGBEX Martin Ratio Rank: 74

UCEQX

UCEQX Risk / Return Rank: 81
UCEQX Sharpe Ratio Rank: 80
UCEQX Sortino Ratio Rank: 77
UCEQX Omega Ratio Rank: 77
UCEQX Calmar Ratio Rank: 83
UCEQX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DGBEX vs. UCEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Global Social Core Equity Portfolio (DGBEX) and USAA Cornerstone Equity Fund (UCEQX). 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.

	DGBEX	UCEQX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.89	-0.25
Sortino ratio: Return per unit of downside risk	2.32	2.62	-0.30
Omega ratio: Gain probability vs. loss probability	1.29	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	2.24	2.81	-0.56
Martin ratio: Return relative to average drawdown	9.31	12.09	-2.78

DGBEX vs. UCEQX - Sharpe Ratio Comparison

The current DGBEX Sharpe Ratio is 1.64, which is comparable to the UCEQX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of DGBEX and UCEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGBEX vs. UCEQX - Drawdown Comparison

The maximum DGBEX drawdown since its inception was -37.83%, which is greater than UCEQX's maximum drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for DGBEX and UCEQX.

Drawdown Indicators

	DGBEX	UCEQX	Difference
Max Drawdown Largest peak-to-trough decline	-37.83%	-35.33%	-2.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-8.96%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-15.64%	-1.80%
Max Drawdown (5Y) Largest decline over 5 years	-26.97%	-25.24%	-1.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.33%	—
Current Drawdown Current decline from peak	-1.98%	-0.42%	-1.56%
Average Drawdown Average peak-to-trough decline	-6.11%	-4.83%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.08%	+0.40%

Volatility

DGBEX vs. UCEQX - Volatility Comparison

DFA Global Social Core Equity Portfolio (DGBEX) has a higher volatility of 4.15% compared to USAA Cornerstone Equity Fund (UCEQX) at 3.40%. This indicates that DGBEX's price experiences larger fluctuations and is considered to be riskier than UCEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGBEX	UCEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	3.40%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	11.96%	11.02%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	13.32%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	15.39%	+1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	16.46%	+2.86%

DGBEX vs. UCEQX - Expense Ratio Comparison

DGBEX has a 0.34% expense ratio, which is higher than UCEQX's 0.09% expense ratio.

Dividends

DGBEX vs. UCEQX - Dividend Comparison

DGBEX's dividend yield for the trailing twelve months is around 1.51%, less than UCEQX's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGBEX DFA Global Social Core Equity Portfolio	1.51%	1.50%	2.73%	1.85%	1.79%	2.81%	2.24%	0.51%	0.00%	0.00%	0.00%	0.00%
UCEQX USAA Cornerstone Equity Fund	4.45%	5.08%	2.56%	5.10%	6.80%	4.61%	8.25%	4.79%	6.73%	1.91%	3.16%	3.63%

Frequently Asked Questions

Can I hold both DGBEX and UCEQX in my portfolio?

With a correlation of 0.96, DGBEX and UCEQX 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.

Which is riskier, DGBEX or UCEQX?

DGBEX has higher volatility (4.15%) compared to UCEQX (3.40%). In terms of maximum drawdown, DGBEX dropped -37.83% vs UCEQX's -35.33%.

Which has better risk-adjusted returns?

UCEQX currently has the higher Sharpe Ratio (1.89 vs 1.64), 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.