DRILX vs. DGEIX

Last updated Jun 3, 2026

DRILX (Dimensional 2060 Target Date Retirement Income Fund) and DGEIX (DFA Global Equity Portfolio Institutional Class) are both mutual funds - DRILX is a Target Retirement Date fund managed by Dimensional, while DGEIX is a Global Equities fund managed by Dimensional. Over the past 10 years, DRILX returned 12.66%/yr vs 12.45%/yr for DGEIX. With a 0.97 correlation, they move nearly in lockstep. DRILX charges 0.22%/yr vs 0.25%/yr for DGEIX.

Performance

DRILX vs. DGEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional 2060 Target Date Retirement Income Fund (DRILX) and DFA Global Equity Portfolio Institutional Class (DGEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DRILX having a 12.00% return and DGEIX slightly higher at 12.50%. Both investments have delivered pretty close results over the past 10 years, with DRILX having a 12.66% annualized return and DGEIX not far behind at 12.45%.

DRILX

• 1D: 0.27%
• 1M: 4.20%
• YTD: 12.00%
• 6M: 13.17%
• 1Y: 28.13%
• 3Y*: 20.33%
• 5Y*: 11.56%
• 10Y*: 12.66%

DGEIX

• 1D: 0.23%
• 1M: 3.90%
• YTD: 12.50%
• 6M: 13.94%
• 1Y: 30.03%
• 3Y*: 20.35%
• 5Y*: 10.68%
• 10Y*: 12.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRILX vs. DGEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRILX Dimensional 2060 Target Date Retirement Income Fund	12.00%	19.66%	17.10%	21.37%	-15.28%	21.08%	14.10%	25.61%	-9.07%	21.51%
DGEIX DFA Global Equity Portfolio Institutional Class	12.50%	19.86%	15.71%	20.35%	-14.72%	20.31%	13.51%	26.68%	-11.48%	21.36%

Correlation

The correlation between DRILX and DGEIX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.97

The correlation between DRILX and DGEIX has been stable across timeframes, ranging from 0.88 to 0.97 - a consistent structural relationship.

Return for Risk

DRILX vs. DGEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRILX

DRILX Risk / Return Rank: 86
DRILX Sharpe Ratio Rank: 88
DRILX Sortino Ratio Rank: 85
DRILX Omega Ratio Rank: 79
DRILX Calmar Ratio Rank: 88
DRILX Martin Ratio Rank: 92

DGEIX

DGEIX Risk / Return Rank: 77
DGEIX Sharpe Ratio Rank: 81
DGEIX Sortino Ratio Rank: 75
DGEIX Omega Ratio Rank: 73
DGEIX Calmar Ratio Rank: 76
DGEIX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRILX vs. DGEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional 2060 Target Date Retirement Income Fund (DRILX) and DFA Global Equity Portfolio Institutional Class (DGEIX). 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.

	DRILX	DGEIX	Difference
Sharpe ratio Return per unit of total volatility	2.88	2.62	+0.27
Sortino ratio Return per unit of downside risk	4.03	3.62	+0.41
Omega ratio Gain probability vs. loss probability	1.52	1.48	+0.05
Calmar ratio Return relative to maximum drawdown	4.28	3.45	+0.83
Martin ratio Return relative to average drawdown	19.49	15.14	+4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRILX vs. DGEIX - Sharpe Ratio Comparison

The current DRILX Sharpe Ratio is 2.88, which is comparable to the DGEIX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of DRILX and DGEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DRILX	DGEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.62	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.69	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.74	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.51	+0.30

Drawdowns

DRILX vs. DGEIX - Drawdown Comparison

The maximum DRILX drawdown since its inception was -33.48%, smaller than the maximum DGEIX drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for DRILX and DGEIX.

Drawdown Indicators

	DRILX	DGEIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.48%	-59.77%	+26.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.58%	-8.85%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-15.76%	-16.97%	+1.21%
Max Drawdown (5Y) Largest decline over 5 years	-23.50%	-25.20%	+1.70%
Max Drawdown (10Y) Largest decline over 10 years	-33.48%	-37.00%	+3.52%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.24%	-8.00%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.02%	-0.14%

Volatility

DRILX vs. DGEIX - Volatility Comparison

Dimensional 2060 Target Date Retirement Income Fund (DRILX) and DFA Global Equity Portfolio Institutional Class (DGEIX) have volatilities of 3.12% and 3.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRILX	DGEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	3.27%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	9.09%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	11.77%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	15.66%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	16.87%	-1.12%

DRILX vs. DGEIX - Expense Ratio Comparison

DRILX has a 0.22% expense ratio, which is lower than DGEIX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DRILX vs. DGEIX - Dividend Comparison

DRILX's dividend yield for the trailing twelve months is around 1.34%, less than DGEIX's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGEIX DFA Global Equity Portfolio Institutional Class	2.70%	2.79%	3.64%	3.82%	4.92%	1.94%	2.37%	2.22%	2.62%	1.50%	1.90%	1.98%
DRILX Dimensional 2060 Target Date Retirement Income Fund	1.34%	1.47%	2.40%	3.26%	3.97%	2.25%	2.11%	2.12%	2.25%	0.91%	1.96%	0.00%

Frequently Asked Questions

Can I hold both DRILX and DGEIX in my portfolio?

DRILX and DGEIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRILX or DGEIX?

DGEIX has higher volatility (3.27%) compared to DRILX (3.12%). In terms of maximum drawdown, DRILX dropped -33.48% vs DGEIX's -59.77%.

Which has better risk-adjusted returns?

DRILX currently has the higher Sharpe Ratio (2.88 vs 2.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.