DSHGX vs. SWEGX

Last updated Jun 4, 2026

DSHGX (DFA Selectively Hedged Global Equity Portfolio) and SWEGX (Schwab MarketTrack All Equity Portfolio™) are both mutual funds - DSHGX is a Global Equities fund managed by Dimensional, while SWEGX is a Diversified Portfolio fund managed by Charles Schwab. Over the past 10 years, DSHGX returned 12.94%/yr vs 12.69%/yr for SWEGX. With a 0.96 correlation, they move nearly in lockstep. DSHGX charges 0.31%/yr vs 0.39%/yr for SWEGX.

Performance

DSHGX vs. SWEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Selectively Hedged Global Equity Portfolio (DSHGX) and Schwab MarketTrack All Equity Portfolio™ (SWEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSHGX achieves a 14.60% return, which is significantly higher than SWEGX's 12.78% return. Both investments have delivered pretty close results over the past 10 years, with DSHGX having a 12.94% annualized return and SWEGX not far behind at 12.69%.

DSHGX

• 1D: 0.53%
• 1M: 5.38%
• YTD: 14.60%
• 6M: 15.82%
• 1Y: 33.12%
• 3Y*: 21.38%
• 5Y*: 12.23%
• 10Y*: 12.94%

SWEGX

• 1D: 0.34%
• 1M: 4.75%
• YTD: 12.78%
• 6M: 13.37%
• 1Y: 29.20%
• 3Y*: 21.28%
• 5Y*: 11.61%
• 10Y*: 12.69%

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

DSHGX vs. SWEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSHGX DFA Selectively Hedged Global Equity Portfolio	14.60%	21.42%	15.89%	20.19%	-12.91%	21.69%	11.96%	25.05%	-11.70%	20.69%
SWEGX Schwab MarketTrack All Equity Portfolio™	12.78%	20.82%	13.86%	25.13%	-16.24%	22.68%	11.13%	25.55%	-9.53%	19.84%

Correlation

The correlation between DSHGX and SWEGX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.96

The correlation between DSHGX and SWEGX has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

DSHGX vs. SWEGX — Risk / Return Rank

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

DSHGX

DSHGX Risk / Return Rank: 86
DSHGX Sharpe Ratio Rank: 91
DSHGX Sortino Ratio Rank: 87
DSHGX Omega Ratio Rank: 84
DSHGX Calmar Ratio Rank: 82
DSHGX Martin Ratio Rank: 87

SWEGX

SWEGX Risk / Return Rank: 71
SWEGX Sharpe Ratio Rank: 74
SWEGX Sortino Ratio Rank: 68
SWEGX Omega Ratio Rank: 65
SWEGX Calmar Ratio Rank: 73
SWEGX Martin Ratio Rank: 77

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.

DSHGX vs. SWEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Selectively Hedged Global Equity Portfolio (DSHGX) and Schwab MarketTrack All Equity Portfolio™ (SWEGX). 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.

	DSHGX	SWEGX	Difference
Sharpe ratio Return per unit of total volatility	3.03	2.49	+0.54
Sortino ratio Return per unit of downside risk	4.19	3.42	+0.77
Omega ratio Gain probability vs. loss probability	1.56	1.45	+0.11
Calmar ratio Return relative to maximum drawdown	3.83	3.33	+0.50
Martin ratio Return relative to average drawdown	16.67	14.46	+2.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSHGX vs. SWEGX - Sharpe Ratio Comparison

The current DSHGX Sharpe Ratio is 3.03, which is comparable to the SWEGX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of DSHGX and SWEGX, 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

	DSHGX	SWEGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.03	2.49	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.74	+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	0.77	0.41	+0.36

Drawdowns

DSHGX vs. SWEGX - Drawdown Comparison

The maximum DSHGX drawdown since its inception was -36.15%, smaller than the maximum SWEGX drawdown of -57.57%. Use the drawdown chart below to compare losses from any high point for DSHGX and SWEGX.

Drawdown Indicators

	DSHGX	SWEGX	Difference
Max Drawdown Largest peak-to-trough decline	-36.15%	-57.57%	+21.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-8.93%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-16.26%	-16.19%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-21.82%	-24.87%	+3.05%
Max Drawdown (10Y) Largest decline over 10 years	-36.15%	-36.08%	-0.07%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.49%	-10.36%	+5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.05%	-0.01%

Volatility

DSHGX vs. SWEGX - Volatility Comparison

DFA Selectively Hedged Global Equity Portfolio (DSHGX) and Schwab MarketTrack All Equity Portfolio™ (SWEGX) have volatilities of 3.47% and 3.34%, 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

	DSHGX	SWEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	3.34%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	9.24%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	11.96%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.58%	15.87%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	17.31%	-1.25%

DSHGX vs. SWEGX - Expense Ratio Comparison

DSHGX has a 0.31% expense ratio, which is lower than SWEGX's 0.39% expense ratio.

Dividends

DSHGX vs. SWEGX - Dividend Comparison

DSHGX's dividend yield for the trailing twelve months is around 2.79%, less than SWEGX's 6.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSHGX DFA Selectively Hedged Global Equity Portfolio	2.79%	3.20%	5.56%	6.18%	9.61%	6.56%	2.10%	2.50%	4.62%	1.11%	3.07%	3.04%
SWEGX Schwab MarketTrack All Equity Portfolio™	6.49%	7.32%	7.58%	6.29%	4.93%	3.90%	6.78%	6.54%	4.85%	3.49%	4.54%	11.29%

Frequently Asked Questions

Can I hold both DSHGX and SWEGX in my portfolio?

With a correlation of 0.96, DSHGX and SWEGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DSHGX or SWEGX?

DSHGX has higher volatility (3.47%) compared to SWEGX (3.34%). In terms of maximum drawdown, DSHGX dropped -36.15% vs SWEGX's -57.57%.

Which has better risk-adjusted returns?

DSHGX currently has the higher Sharpe Ratio (3.03 vs 2.49), 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.