DMCY vs. DFAI

Last updated Apr 2, 2026

Compare and contrast key facts about Democracy International Fund ETF (DMCY) and Dimensional International Core Equity Market ETF (DFAI).

DMCY and DFAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DMCY is a passively managed fund by Democracy Investment Management LLC that tracks the performance of the Democracy Investments International Index - Benchmark TR Net. It was launched on Mar 31, 2021. DFAI is an actively managed fund by Dimensional. It was launched on Nov 17, 2020.

Performance

DMCY vs. DFAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Democracy International Fund ETF (DMCY) and Dimensional International Core Equity Market ETF (DFAI). The values are adjusted to include any dividend payments, if applicable.

DMCY vs. DFAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DMCY Democracy International Fund ETF	6.43%	29.36%	3.04%	16.64%	-14.01%	5.03%
DFAI Dimensional International Core Equity Market ETF	4.03%	34.04%	4.68%	17.60%	-12.95%	6.62%

Returns By Period

DMCY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFAI

• 1D: 1.49%
• 1M: -4.63%
• YTD: 4.03%
• 6M: 9.10%
• 1Y: 29.81%
• 3Y*: 16.70%
• 5Y*: 9.76%
• 10Y*: —

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

DMCY vs. DFAI - Expense Ratio Comparison

DMCY has a 0.50% expense ratio, which is higher than DFAI's 0.18% expense ratio.

DMCY

Democracy International Fund ETF

DFAI

Dimensional International Core Equity Market ETF

Return for Risk

DMCY vs. DFAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFAI

DFAI Risk / Return Rank: 87
DFAI Sharpe Ratio Rank: 86
DFAI Sortino Ratio Rank: 87
DFAI Omega Ratio Rank: 87
DFAI Calmar Ratio Rank: 86
DFAI Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DMCY vs. DFAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Democracy International Fund ETF (DMCY) and Dimensional International Core Equity Market ETF (DFAI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DMCY	DFAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.79	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.75	—

Correlation

The correlation between DMCY and DFAI 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

DMCY vs. DFAI - Dividend Comparison

DMCY's dividend yield for the trailing twelve months is around 2.63%, more than DFAI's 2.37% yield.

	TTM	2025	2024	2023	2022	2021	2020
DMCY Democracy International Fund ETF	2.63%	3.07%	2.69%	3.02%	2.64%	2.11%	0.00%
DFAI Dimensional International Core Equity Market ETF	2.37%	2.45%	2.72%	2.64%	2.72%	2.06%	0.09%

Drawdowns

Drawdown Indicators

	DMCY	DFAI	Difference
Max Drawdown Largest peak-to-trough decline	—	-27.44%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.44%	—
Current Drawdown Current decline from peak	—	-6.23%	—
Average Drawdown Average peak-to-trough decline	—	-5.21%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.79%	—

Volatility

Volatility by Period

	DMCY	DFAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.66%	—