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.
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
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Key characteristics
DRIHX:
0.63
VOO:
0.74
DRIHX:
0.88
VOO:
1.04
DRIHX:
1.12
VOO:
1.15
DRIHX:
0.57
VOO:
0.68
DRIHX:
2.14
VOO:
2.58
DRIHX:
3.30%
VOO:
4.93%
DRIHX:
12.43%
VOO:
19.54%
DRIHX:
-27.96%
VOO:
-33.99%
DRIHX:
-1.97%
VOO:
-3.55%
Returns By Period
In the year-to-date period, DRIHX achieves a 2.83% return, which is significantly higher than VOO's 0.90% return.
DRIHX
2.83%
3.40%
-1.32%
7.84%
6.23%
8.09%
N/A
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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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%.
Risk-Adjusted Performance
DRIHX vs. VOO — Risk-Adjusted Performance Rank
DRIHX
VOO
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.
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Dividends
DRIHX vs. VOO - Dividend Comparison
DRIHX's dividend yield for the trailing twelve months is around 3.50%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | 3.50% | 3.42% | 3.71% | 4.44% | 3.01% | 3.05% | 2.25% | 2.35% | 2.01% | 2.04% | 0.02% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
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.
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Volatility
DRIHX vs. VOO - Volatility Comparison
The current volatility for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) is 2.85%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. 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.
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