DGEIX vs. SPY
Compare and contrast key facts about DFA Global Equity Portfolio Institutional Class (DGEIX) and SPDR S&P 500 ETF (SPY).
DGEIX is managed by Dimensional Fund Advisors LP. It was launched on Dec 24, 2003. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGEIX or SPY.
Correlation
The correlation between DGEIX and SPY is 0.94, 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
DGEIX vs. SPY - Performance Comparison
Key characteristics
DGEIX:
1.17
SPY:
2.03
DGEIX:
1.61
SPY:
2.71
DGEIX:
1.22
SPY:
1.38
DGEIX:
1.82
SPY:
3.02
DGEIX:
7.36
SPY:
13.49
DGEIX:
1.94%
SPY:
1.88%
DGEIX:
12.25%
SPY:
12.48%
DGEIX:
-59.77%
SPY:
-55.19%
DGEIX:
-7.15%
SPY:
-3.54%
Returns By Period
In the year-to-date period, DGEIX achieves a 12.61% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, DGEIX has underperformed SPY with an annualized return of 9.31%, while SPY has yielded a comparatively higher 12.94% annualized return.
DGEIX
12.61%
-4.26%
2.30%
13.32%
10.22%
9.31%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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DGEIX vs. SPY - Expense Ratio Comparison
DGEIX has a 0.25% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DGEIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Global Equity Portfolio Institutional Class (DGEIX) and SPDR S&P 500 ETF (SPY). 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
DGEIX vs. SPY - Dividend Comparison
DGEIX's dividend yield for the trailing twelve months is around 1.18%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGEIX DFA Global Equity Portfolio Institutional Class | 1.18% | 1.97% | 1.89% | 1.67% | 1.44% | 1.73% | 1.99% | 1.83% | 1.91% | 1.99% | 1.88% | 1.70% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DGEIX vs. SPY - Drawdown Comparison
The maximum DGEIX drawdown since its inception was -59.77%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DGEIX and SPY. For additional features, visit the drawdowns tool.
Volatility
DGEIX vs. SPY - Volatility Comparison
DFA Global Equity Portfolio Institutional Class (DGEIX) has a higher volatility of 4.24% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that DGEIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.