DRIWX vs. DFQTX

Last updated Jun 23, 2026

DRIWX (Dimensional 2030 Target Date Retirement Income Fund) and DFQTX (DFA US Core Equity 2 Portfolio I) are both mutual funds - DRIWX is a Target Retirement Date fund managed by Dimensional, while DFQTX is a Large Cap Blend Equities fund managed by Dimensional. Over the past 10 years, DRIWX returned 6.47%/yr vs 14.14%/yr for DFQTX. A 0.70 correlation means they provide meaningful diversification when combined. DRIWX charges 0.20%/yr vs 0.19%/yr for DFQTX.

Performance

DRIWX vs. DFQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional 2030 Target Date Retirement Income Fund (DRIWX) and DFA US Core Equity 2 Portfolio I (DFQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRIWX achieves a 5.04% return, which is significantly lower than DFQTX's 11.69% return. Over the past 10 years, DRIWX has underperformed DFQTX with an annualized return of 6.47%, while DFQTX has yielded a comparatively higher 14.14% annualized return.

DRIWX

• 1D: 0.63%
• 1M: 1.44%
• YTD: 5.04%
• 6M: 5.13%
• 1Y: 12.47%
• 3Y*: 7.47%
• 5Y*: 2.27%
• 10Y*: 6.47%

DFQTX

• 1D: 0.94%
• 1M: 1.40%
• YTD: 11.69%
• 6M: 10.66%
• 1Y: 28.21%
• 3Y*: 19.62%
• 5Y*: 12.94%
• 10Y*: 14.14%

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

DRIWX vs. DFQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRIWX Dimensional 2030 Target Date Retirement Income Fund	5.04%	9.89%	5.12%	10.05%	-22.34%	13.46%	18.33%	21.04%	-7.35%	15.68%
DFQTX DFA US Core Equity 2 Portfolio I	11.69%	15.99%	20.27%	21.88%	-14.21%	28.46%	15.72%	29.41%	-9.65%	18.26%

Correlation

The correlation between DRIWX and DFQTX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.70

The correlation between DRIWX and DFQTX has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

Return for Risk

DRIWX vs. DFQTX — Risk / Return Rank

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

DRIWX

DRIWX Risk / Return Rank: 42
DRIWX Sharpe Ratio Rank: 43
DRIWX Sortino Ratio Rank: 43
DRIWX Omega Ratio Rank: 43
DRIWX Calmar Ratio Rank: 37
DRIWX Martin Ratio Rank: 41

DFQTX

DFQTX Risk / Return Rank: 76
DFQTX Sharpe Ratio Rank: 77
DFQTX Sortino Ratio Rank: 74
DFQTX Omega Ratio Rank: 69
DFQTX Calmar Ratio Rank: 78
DFQTX Martin Ratio Rank: 84

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.

DRIWX vs. DFQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional 2030 Target Date Retirement Income Fund (DRIWX) and DFA US Core Equity 2 Portfolio I (DFQTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DRIWX	DFQTX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.35	-0.57
Sortino ratio: Return per unit of downside risk	2.55	3.28	-0.73
Omega ratio: Gain probability vs. loss probability	1.33	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	2.19	3.36	-1.17
Martin ratio: Return relative to average drawdown	8.41	14.50	-6.09

DRIWX vs. DFQTX - Sharpe Ratio Comparison

The current DRIWX Sharpe Ratio is 1.78, which is comparable to the DFQTX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of DRIWX and DFQTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRIWX vs. DFQTX - Drawdown Comparison

The maximum DRIWX drawdown since its inception was -27.45%, smaller than the maximum DFQTX drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for DRIWX and DFQTX.

Drawdown Indicators

	DRIWX	DFQTX	Difference
Max Drawdown Largest peak-to-trough decline	-27.45%	-59.35%	+31.90%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-8.47%	+2.72%
Max Drawdown (3Y) Largest decline over 3 years	-10.68%	-19.71%	+9.03%
Max Drawdown (5Y) Largest decline over 5 years	-27.45%	-22.64%	-4.81%
Max Drawdown (10Y) Largest decline over 10 years	-27.45%	-37.21%	+9.76%
Current Drawdown Current decline from peak	-0.24%	-0.67%	+0.43%
Average Drawdown Average peak-to-trough decline	-6.33%	-7.77%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	1.95%	-0.46%

Volatility

DRIWX vs. DFQTX - Volatility Comparison

The current volatility for Dimensional 2030 Target Date Retirement Income Fund (DRIWX) is 2.58%, while DFA US Core Equity 2 Portfolio I (DFQTX) has a volatility of 4.34%. This indicates that DRIWX experiences smaller price fluctuations and is considered to be less risky than DFQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRIWX	DFQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	4.34%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	5.56%	9.58%	-4.02%
Volatility (1Y) Calculated over the trailing 1-year period	7.08%	12.11%	-5.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.66%	17.06%	-6.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.11%	18.29%	-8.18%

DRIWX vs. DFQTX - Expense Ratio Comparison

DRIWX has a 0.20% expense ratio, which is higher than DFQTX's 0.19% 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%.

Dividends

DRIWX vs. DFQTX - Dividend Comparison

DRIWX's dividend yield for the trailing twelve months is around 6.64%, more than DFQTX's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFQTX DFA US Core Equity 2 Portfolio I	0.96%	1.06%	1.15%	1.74%	4.43%	4.74%	1.29%	3.50%	2.84%	1.97%	1.80%	3.78%
DRIWX Dimensional 2030 Target Date Retirement Income Fund	6.64%	6.89%	6.04%	4.10%	6.63%	5.81%	3.93%	2.39%	2.45%	1.33%	1.40%	0.00%

Frequently Asked Questions

Can I hold both DRIWX and DFQTX in my portfolio?

DRIWX and DFQTX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRIWX or DFQTX?

DFQTX has higher volatility (4.34%) compared to DRIWX (2.58%). In terms of maximum drawdown, DRIWX dropped -27.45% vs DFQTX's -59.35%.

Which has better risk-adjusted returns?

DFQTX currently has the higher Sharpe Ratio (2.35 vs 1.78), 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.