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:
0.34
SPY:
0.68
DGEIX:
0.54
SPY:
0.98
DGEIX:
1.07
SPY:
1.13
DGEIX:
0.47
SPY:
0.95
DGEIX:
1.29
SPY:
3.13
DGEIX:
3.42%
SPY:
3.03%
DGEIX:
13.02%
SPY:
13.89%
DGEIX:
-60.58%
SPY:
-55.19%
DGEIX:
-7.25%
SPY:
-7.62%
Returns By Period
In the year-to-date period, DGEIX achieves a -0.97% return, which is significantly higher than SPY's -3.39% return. Over the past 10 years, DGEIX has underperformed SPY with an annualized return of 7.87%, while SPY has yielded a comparatively higher 12.54% annualized return.
DGEIX
-0.97%
-1.63%
-3.47%
5.11%
16.08%
7.87%
SPY
-3.39%
-3.01%
-0.13%
10.19%
19.68%
12.54%
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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 Rank
DGEIX
SPY
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 1.50%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGEIX DFA Global Equity Portfolio Institutional Class | 1.50% | 1.71% | 1.97% | 1.89% | 1.67% | 1.44% | 1.73% | 1.99% | 1.83% | 1.91% | 1.99% | 1.88% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DGEIX vs. SPY - Drawdown Comparison
The maximum DGEIX drawdown since its inception was -60.58%, 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
The current volatility for DFA Global Equity Portfolio Institutional Class (DGEIX) is 5.10%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.76%. 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.