DXIV vs. SPMD
DXIV (Dimensional International Vector Equity ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both exchange-traded funds - DXIV is a Foreign Small & Mid Cap Equities fund actively managed by Dimensional, while SPMD is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. DXIV is actively managed, while SPMD is passively managed. Over the past year, DXIV returned 29.14% vs 22.87% for SPMD. Their 0.61 correlation means they have sometimes moved together and sometimes differently. DXIV charges 0.30%/yr vs 0.03%/yr for SPMD.
Performance
DXIV vs. SPMD - Performance Comparison
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Returns By Period
In the year-to-date period, DXIV achieves a 13.02% return, which is significantly lower than SPMD's 14.67% return.
DXIV
- 1D
- -0.23%
- 1M
- 2.25%
- 6M
- 7.10%
- YTD
- 13.02%
- 1Y
- 29.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.63%
SPMD
- 1D
- -0.08%
- 1M
- -1.01%
- 6M
- 10.21%
- YTD
- 14.67%
- 1Y
- 22.87%
- 3Y*
- 13.08%
- 5Y*
- 8.47%
- 10Y*
- 11.15%
- ALL TIME*
- 9.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.19M | $2.08M | $1.51M | |
| $86.63M | $87.95M | $104.48M |
DXIV vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXIV Dimensional International Vector Equity ETF | 13.02% | 39.12% | -3.78% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 14.67% | 7.44% | 6.04% |
Correlation
The correlation between DXIV and SPMD is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024 | 0.61 |
The correlation between DXIV and SPMD has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
DXIV vs. SPMD — Risk / Return Rank
DXIV
SPMD
DXIV vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional International Vector Equity ETF (DXIV) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
| DXIV | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.39 | +0.29 |
| Martin ratioReturn relative to average drawdown | 10.36 | 8.71 | +1.64 |
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Drawdowns
DXIV vs. SPMD - Drawdown Comparison
The maximum DXIV drawdown since its inception was -13.71%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for DXIV and SPMD.
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Drawdown Indicators
| DXIV | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -57.62% | +43.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -8.86% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -0.23% | -2.34% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -8.07% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.42% | +0.37% |
Volatility
DXIV vs. SPMD - Volatility Comparison
Dimensional International Vector Equity ETF (DXIV) has a higher volatility of 4.28% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 3.50%. This indicates that DXIV's price experiences larger fluctuations and is considered to be riskier than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXIV | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 3.50% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 11.67% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 15.79% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.37% | 19.63% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 21.14% | -5.77% |
DXIV vs. SPMD - Expense Ratio Comparison
DXIV has a 0.30% expense ratio, which is higher than SPMD's 0.03% expense ratio.
Dividends
DXIV vs. SPMD - Dividend Comparison
DXIV's dividend yield for the trailing twelve months is around 2.34%, more than SPMD's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXIV Dimensional International Vector Equity ETF | 2.34% | 2.50% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.23% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
DXIV and SPMD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXIV has higher volatility (4.28%) compared to SPMD (3.50%). In terms of maximum drawdown, DXIV dropped -13.71% vs SPMD's -57.62%.
On 1-year performance, DXIV leads with 29.14% vs 22.87% for SPMD. On fees, SPMD is cheaper at 0.03% per year. On volatility, SPMD has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DXIV has performed better with a 29.14% return vs 22.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.03% expense ratio, compared with 0.30% for DXIV.
DXIV has the higher dividend yield at 2.34%, compared with 1.23% for SPMD.
DXIV is categorized as Foreign Small & Mid Cap Equities, while SPMD is Mid Cap Blend Equities. They also come from different issuers: Dimensional and State Street. Their fees differ too: 0.30% for DXIV and 0.03% for SPMD.
DXIV currently has the higher Sharpe Ratio (2.06 vs 1.34), 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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