DGEIX vs. SPY
Compare and contrast key facts about DFA Global Equity Portfolio Institutional Class (DGEIX) and State Street SPDR S&P 500 ETF (SPY).
DGEIX is managed by Dimensional. 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.
Performance
DGEIX vs. SPY - Performance Comparison
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DGEIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGEIX DFA Global Equity Portfolio Institutional Class | -2.92% | 19.86% | 15.71% | 20.35% | -14.72% | 20.31% | 13.51% | 26.68% | -11.48% | 21.36% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, DGEIX achieves a -2.92% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, DGEIX has underperformed SPY with an annualized return of 11.09%, while SPY has yielded a comparatively higher 13.98% annualized return.
DGEIX
- 1D
- -0.46%
- 1M
- -8.33%
- YTD
- -2.92%
- 6M
- 0.08%
- 1Y
- 18.73%
- 3Y*
- 15.30%
- 5Y*
- 8.85%
- 10Y*
- 11.09%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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%.
Return for Risk
DGEIX vs. SPY — Risk / Return Rank
DGEIX
SPY
DGEIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Global Equity Portfolio Institutional Class (DGEIX) and State Street 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.
| DGEIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.93 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.45 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.53 | -0.14 |
Martin ratioReturn relative to average drawdown | 6.66 | 7.30 | -0.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DGEIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.93 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.69 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.78 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.56 | -0.08 |
Correlation
The correlation between DGEIX and SPY is 0.95, 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.
Dividends
DGEIX vs. SPY - Dividend Comparison
DGEIX's dividend yield for the trailing twelve months is around 3.13%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGEIX DFA Global Equity Portfolio Institutional Class | 3.13% | 2.79% | 3.64% | 3.82% | 4.92% | 1.94% | 2.37% | 2.22% | 2.62% | 1.50% | 1.90% | 1.98% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
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.
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Drawdown Indicators
| DGEIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -55.19% | -4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -12.05% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -24.50% | -0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -37.00% | -33.72% | -3.28% |
Current DrawdownCurrent decline from peak | -8.85% | -6.24% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -9.09% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.52% | -0.01% |
Volatility
DGEIX vs. SPY - Volatility Comparison
The current volatility for DFA Global Equity Portfolio Institutional Class (DGEIX) is 4.58%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that DGEIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGEIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 5.31% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.84% | 9.47% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.42% | 19.05% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 17.06% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.92% | -1.08% |