DRIGX vs. SPY
Compare and contrast key facts about Dimensional 2035 Target Date Retirement Income Fund (DRIGX) and SPDR S&P 500 ETF (SPY).
DRIGX is managed by Dimensional Fund Advisors LP. It was launched on Nov 1, 2015. 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: DRIGX or SPY.
Correlation
The correlation between DRIGX and SPY is 0.85, 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
DRIGX vs. SPY - Performance Comparison
Key characteristics
DRIGX:
0.90
SPY:
1.72
DRIGX:
1.26
SPY:
2.33
DRIGX:
1.16
SPY:
1.32
DRIGX:
0.51
SPY:
2.61
DRIGX:
3.27
SPY:
10.82
DRIGX:
2.43%
SPY:
2.03%
DRIGX:
8.86%
SPY:
12.75%
DRIGX:
-27.66%
SPY:
-55.19%
DRIGX:
-7.89%
SPY:
-1.05%
Returns By Period
In the year-to-date period, DRIGX achieves a 2.24% return, which is significantly lower than SPY's 2.95% return.
DRIGX
2.24%
3.56%
0.71%
9.30%
3.55%
N/A
SPY
2.95%
3.78%
11.68%
23.68%
14.09%
13.13%
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DRIGX vs. SPY - Expense Ratio Comparison
DRIGX has a 0.21% 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
DRIGX vs. SPY — Risk-Adjusted Performance Rank
DRIGX
SPY
DRIGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2035 Target Date Retirement Income Fund (DRIGX) 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
DRIGX vs. SPY - Dividend Comparison
DRIGX's dividend yield for the trailing twelve months is around 2.84%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIGX Dimensional 2035 Target Date Retirement Income Fund | 2.84% | 2.91% | 3.15% | 3.99% | 2.19% | 1.43% | 2.01% | 2.24% | 1.94% | 1.98% | 0.10% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DRIGX vs. SPY - Drawdown Comparison
The maximum DRIGX drawdown since its inception was -27.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DRIGX and SPY. For additional features, visit the drawdowns tool.
Volatility
DRIGX vs. SPY - Volatility Comparison
The current volatility for Dimensional 2035 Target Date Retirement Income Fund (DRIGX) is 2.31%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.45%. This indicates that DRIGX 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.