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. 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.
Performance
DRIHX vs. VOO - Performance Comparison
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DRIHX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | -1.15% | 14.48% | 11.11% | 16.06% | -16.20% | 16.54% | 12.73% | 22.12% | -7.66% | 19.53% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, DRIHX achieves a -1.15% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, DRIHX has underperformed VOO with an annualized return of 8.81%, while VOO has yielded a comparatively higher 14.14% annualized return.
DRIHX
- 1D
- 1.69%
- 1M
- -4.61%
- YTD
- -1.15%
- 6M
- 0.40%
- 1Y
- 12.70%
- 3Y*
- 11.26%
- 5Y*
- 6.17%
- 10Y*
- 8.81%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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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%.
Return for Risk
DRIHX vs. VOO — Risk / Return Rank
DRIHX
VOO
DRIHX vs. VOO - Risk-Adjusted Trends 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.
| DRIHX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.01 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.53 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.55 | -0.12 |
Martin ratioReturn relative to average drawdown | 6.31 | 7.31 | -1.00 |
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
| DRIHX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.01 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.71 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.79 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.83 | -0.15 |
Correlation
The correlation between DRIHX and VOO is 0.93, 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
DRIHX vs. VOO - Dividend Comparison
DRIHX's dividend yield for the trailing twelve months is around 5.09%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | 5.09% | 5.15% | 3.42% | 3.71% | 4.43% | 2.58% | 3.05% | 2.24% | 2.34% | 1.22% | 1.40% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
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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Drawdown Indicators
| DRIHX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.96% | -33.99% | +6.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -11.98% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.51% | -24.52% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -27.96% | -33.99% | +6.03% |
Current DrawdownCurrent decline from peak | -5.20% | -5.55% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -3.72% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.55% | -0.55% |
Volatility
DRIHX vs. VOO - Volatility Comparison
The current volatility for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) is 4.19%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. 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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Volatility by Period
| DRIHX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 5.34% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 9.47% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 18.11% | -6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.60% | 16.82% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.79% | 17.99% | -5.20% |