DRIHX vs. VOO
Compare and contrast key facts about Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and Vanguard S&P 500 ETF (VOO).
DRIHX is managed by Dimensional Fund Advisors LP. It was launched on Nov 1, 2015. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRIHX or VOO.
Performance
DRIHX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, DRIHX achieves a 13.07% return, which is significantly lower than VOO's 26.16% return.
DRIHX
13.07%
0.00%
7.01%
18.80%
8.48%
N/A
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
Key characteristics
| DRIHX | VOO | |
|---|---|---|
| Sharpe Ratio | 2.24 | 2.70 |
| Sortino Ratio | 3.19 | 3.60 |
| Omega Ratio | 1.41 | 1.50 |
| Calmar Ratio | 2.51 | 3.90 |
| Martin Ratio | 13.73 | 17.65 |
| Ulcer Index | 1.40% | 1.86% |
| Daily Std Dev | 8.58% | 12.19% |
| Max Drawdown | -27.96% | -33.99% |
| Current Drawdown | -1.34% | -0.86% |
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DRIHX vs. VOO - Expense Ratio Comparison
DRIHX has a 0.22% expense ratio, which is higher than VOO's 0.03% 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%.
Correlation
The correlation between DRIHX and VOO 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.
Risk-Adjusted Performance
DRIHX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and Vanguard S&P 500 ETF (VOO). 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
DRIHX vs. VOO - Dividend Comparison
DRIHX's dividend yield for the trailing twelve months is around 2.56%, more than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | 2.56% | 2.58% | 2.55% | 1.60% | 1.38% | 2.01% | 2.17% | 1.86% | 2.02% | 0.02% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
DRIHX vs. VOO - Drawdown Comparison
The maximum DRIHX drawdown since its inception was -27.96%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DRIHX and VOO. For additional features, visit the drawdowns tool.
Volatility
DRIHX vs. VOO - Volatility Comparison
The current volatility for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) is 2.39%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.99%. This indicates that DRIHX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.