DRIGX vs. SPY
Compare and contrast key facts about Dimensional 2035 Target Date Retirement Income Fund (DRIGX) and State Street SPDR S&P 500 ETF (SPY).
DRIGX is managed by Dimensional. 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.
Performance
DRIGX vs. SPY - Performance Comparison
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DRIGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIGX Dimensional 2035 Target Date Retirement Income Fund | -2.36% | 11.65% | 7.31% | 12.95% | -20.97% | 15.21% | 16.43% | 21.77% | -7.36% | 17.24% |
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, DRIGX achieves a -2.36% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, DRIGX has underperformed SPY with an annualized return of 6.99%, while SPY has yielded a comparatively higher 13.98% annualized return.
DRIGX
- 1D
- 0.44%
- 1M
- -6.06%
- YTD
- -2.36%
- 6M
- -1.26%
- 1Y
- 8.12%
- 3Y*
- 7.54%
- 5Y*
- 3.42%
- 10Y*
- 6.99%
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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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%.
Return for Risk
DRIGX vs. SPY — Risk / Return Rank
DRIGX
SPY
DRIGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2035 Target Date Retirement Income Fund (DRIGX) 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.
| DRIGX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.93 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.45 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.53 | -0.55 |
Martin ratioReturn relative to average drawdown | 3.90 | 7.30 | -3.40 |
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
| DRIGX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.93 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.69 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.56 | +0.08 |
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.
Dividends
DRIGX vs. SPY - Dividend Comparison
DRIGX's dividend yield for the trailing twelve months is around 7.07%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIGX Dimensional 2035 Target Date Retirement Income Fund | 7.07% | 6.76% | 4.33% | 3.96% | 5.94% | 3.45% | 3.32% | 2.31% | 2.46% | 1.23% | 1.38% | 0.00% |
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
DRIGX vs. SPY - Drawdown Comparison
The maximum DRIGX drawdown since its inception was -26.73%, 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.
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Drawdown Indicators
| DRIGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.73% | -55.19% | +28.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -12.05% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.73% | -24.50% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -26.73% | -33.72% | +6.99% |
Current DrawdownCurrent decline from peak | -6.19% | -6.24% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -9.09% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.52% | -0.54% |
Volatility
DRIGX vs. SPY - Volatility Comparison
The current volatility for Dimensional 2035 Target Date Retirement Income Fund (DRIGX) is 3.51%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| DRIGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 5.31% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 5.72% | 9.47% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 19.05% | -8.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 17.06% | -5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.09% | 17.92% | -6.83% |