DHY vs. DFEOX
DHY (Dimensional High Yield Equity Fund) and DFEOX (DFA US Core Equity 1 Portfolio I) are both mutual funds - DHY is a Dividend fund managed by Dimensional, while DFEOX is a Large Cap Blend Equities fund managed by Dimensional. Over the past 10 years, DHY returned 5.52%/yr vs 14.24%/yr for DFEOX. Their 0.31 correlation means their historical movements had little consistent relationship. DHY charges 0.04%/yr vs 0.14%/yr for DFEOX.
Performance
DHY vs. DFEOX - Performance Comparison
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Returns By Period
In the year-to-date period, DHY achieves a -7.21% return, which is significantly lower than DFEOX's 13.83% return. Over the past 10 years, DHY has underperformed DFEOX with an annualized return of 5.52%, while DFEOX has yielded a comparatively higher 14.24% annualized return.
DHY
- 1D
- 1.16%
- 1M
- -1.36%
- 6M
- -7.92%
- YTD
- -7.21%
- 1Y
- -9.55%
- 3Y*
- 6.94%
- 5Y*
- 1.93%
- 10Y*
- 5.52%
- ALL TIME*
- 3.99%
DFEOX
- 1D
- 1.34%
- 1M
- 1.81%
- 6M
- 10.68%
- YTD
- 13.83%
- 1Y
- 23.32%
- 3Y*
- 19.57%
- 5Y*
- 12.56%
- 10Y*
- 14.24%
- ALL TIME*
- 10.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $920.46K | $1.49M | $1.32M |
DHY vs. DFEOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | -7.21% | 2.19% | 18.18% | 24.13% | -21.75% | 16.99% | 0.10% | 26.18% | -16.10% | 17.06% |
DFEOX DFA US Core Equity 1 Portfolio I | 13.83% | 16.00% | 21.35% | 22.97% | -14.99% | 27.51% | 16.44% | 30.20% | -7.81% | 20.26% |
Correlation
The correlation between DHY and DFEOX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2005 | 0.31 |
The correlation between DHY and DFEOX shifts across timeframes, from 0.20 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DHY vs. DFEOX — Risk / Return Rank
DHY
DFEOX
DHY vs. DFEOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional High Yield Equity Fund (DHY) and DFA US Core Equity 1 Portfolio I (DFEOX). 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.
| DHY | DFEOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.96 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.38 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 3.07 | -3.81 |
| Martin ratioReturn relative to average drawdown | -1.38 | 13.59 | -14.97 |
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Drawdowns
DHY vs. DFEOX - Drawdown Comparison
The maximum DHY drawdown since its inception was -71.47%, which is greater than DFEOX's maximum drawdown of -56.77%. Use the drawdown chart below to compare losses from any high point for DHY and DFEOX.
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Drawdown Indicators
| DHY | DFEOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.47% | -56.77% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -8.28% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -19.24% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -22.86% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -41.36% | -36.55% | -4.81% |
Current DrawdownCurrent decline from peak | -10.45% | 0.00% | -10.45% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -7.14% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 1.87% | +5.04% |
Volatility
DHY vs. DFEOX - Volatility Comparison
Dimensional High Yield Equity Fund (DHY) has a higher volatility of 5.34% compared to DFA US Core Equity 1 Portfolio I (DFEOX) at 3.22%. This indicates that DHY's price experiences larger fluctuations and is considered to be riskier than DFEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHY | DFEOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 3.22% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 9.48% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.14% | 12.00% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.37% | 16.92% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 17.97% | +0.02% |
DHY vs. DFEOX - Expense Ratio Comparison
DHY has a 0.04% expense ratio, which is lower than DFEOX's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DHY vs. DFEOX - Dividend Comparison
DHY's dividend yield for the trailing twelve months is around 10.63%, more than DFEOX's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEOX DFA US Core Equity 1 Portfolio I | 0.97% | 1.06% | 1.13% | 1.43% | 4.08% | 3.69% | 1.36% | 3.02% | 2.37% | 1.61% | 1.61% | 2.98% |
DHY Dimensional High Yield Equity Fund | 10.63% | 9.30% | 8.69% | 9.39% | 10.57% | 7.61% | 8.68% | 9.02% | 11.20% | 9.40% | 10.52% | 12.63% |
Frequently Asked Questions
DHY and DFEOX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHY has higher volatility (5.34%) compared to DFEOX (3.22%). In terms of maximum drawdown, DHY dropped -71.47% vs DFEOX's -56.77%.
DFEOX currently has the higher Sharpe Ratio (2.12 vs -0.73), 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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