DSHGX vs. IWY
DSHGX (DFA Selectively Hedged Global Equity Portfolio) and IWY (iShares Russell Top 200 Growth ETF) are both funds - DSHGX is a Global Equities fund managed by Dimensional, while IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Over the past 10 years, DSHGX returned 13.17%/yr vs 19.34%/yr for IWY. Their correlation of 0.81 suggests significant overlap in exposure. DSHGX charges 0.31%/yr vs 0.20%/yr for IWY.
Performance
DSHGX vs. IWY - Performance Comparison
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Returns By Period
In the year-to-date period, DSHGX achieves a 12.47% return, which is significantly higher than IWY's -0.18% return. Over the past 10 years, DSHGX has underperformed IWY with an annualized return of 13.17%, while IWY has yielded a comparatively higher 19.34% annualized return.
DSHGX
- 1D
- 0.07%
- 1M
- -0.71%
- YTD
- 12.47%
- 6M
- 11.58%
- 1Y
- 28.22%
- 3Y*
- 20.41%
- 5Y*
- 11.66%
- 10Y*
- 13.17%
IWY
- 1D
- -1.35%
- 1M
- -6.29%
- YTD
- -0.18%
- 6M
- -1.56%
- 1Y
- 14.80%
- 3Y*
- 22.18%
- 5Y*
- 13.80%
- 10Y*
- 19.34%
DSHGX vs. IWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSHGX DFA Selectively Hedged Global Equity Portfolio | 12.47% | 21.42% | 15.89% | 20.19% | -12.91% | 21.69% | 11.96% | 25.05% | -11.70% | 20.69% |
IWY iShares Russell Top 200 Growth ETF | -0.18% | 18.19% | 34.89% | 46.49% | -29.91% | 31.05% | 39.01% | 36.20% | -0.72% | 31.69% |
Correlation
The correlation between DSHGX and IWY is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.81 |
The correlation between DSHGX and IWY has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
DSHGX vs. IWY — Risk / Return Rank
DSHGX
IWY
DSHGX vs. IWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Selectively Hedged Global Equity Portfolio (DSHGX) and iShares Russell Top 200 Growth ETF (IWY). 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.
| DSHGX | IWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.17 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 0.89 | +2.29 |
| Martin ratioReturn relative to average drawdown | 13.54 | 2.82 | +10.73 |
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Drawdowns
DSHGX vs. IWY - Drawdown Comparison
The maximum DSHGX drawdown since its inception was -36.15%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for DSHGX and IWY.
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Drawdown Indicators
| DSHGX | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.15% | -32.68% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -16.63% | +7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -23.22% | +6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.82% | -32.68% | +10.86% |
Max Drawdown (10Y)Largest decline over 10 years | -36.15% | -32.68% | -3.47% |
Current DrawdownCurrent decline from peak | -1.99% | -8.58% | +6.59% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -4.75% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 5.27% | -3.18% |
Volatility
DSHGX vs. IWY - Volatility Comparison
The current volatility for DFA Selectively Hedged Global Equity Portfolio (DSHGX) is 5.23%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 6.12%. This indicates that DSHGX experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSHGX | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 6.12% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 12.60% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.16% | 16.27% | -4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 21.61% | -6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 21.02% | -5.00% |
DSHGX vs. IWY - Expense Ratio Comparison
DSHGX has a 0.31% expense ratio, which is higher than IWY's 0.20% expense ratio.
Dividends
DSHGX vs. IWY - Dividend Comparison
DSHGX's dividend yield for the trailing twelve months is around 2.84%, more than IWY's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSHGX DFA Selectively Hedged Global Equity Portfolio | 2.84% | 3.20% | 5.56% | 6.18% | 9.61% | 6.56% | 2.10% | 2.50% | 4.62% | 1.11% | 3.07% | 3.04% |
IWY iShares Russell Top 200 Growth ETF | 0.36% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Frequently Asked Questions
DSHGX and IWY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWY has higher volatility (6.12%) compared to DSHGX (5.23%). In terms of maximum drawdown, DSHGX dropped -36.15% vs IWY's -32.68%.
DSHGX currently has the higher Sharpe Ratio (2.35 vs 0.91), 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.
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