FRDM vs. DAADX

Last updated Apr 1, 2026

Compare and contrast key facts about Freedom 100 Emerging Markets ETF (FRDM) and DFA Emerging Markets ex China Core Equity Portfolio (DAADX).

FRDM is a passively managed fund by Freedom Funds that tracks the performance of the Life + Liberty Freedom 100 Emerging Markets Index. It was launched on May 22, 2019. DAADX is managed by Dimensional. It was launched on Nov 14, 2021.

Performance

FRDM vs. DAADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freedom 100 Emerging Markets ETF (FRDM) and DFA Emerging Markets ex China Core Equity Portfolio (DAADX). The values are adjusted to include any dividend payments, if applicable.

FRDM vs. DAADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRDM Freedom 100 Emerging Markets ETF	7.05%	61.27%	1.70%	22.77%	-14.45%	-0.97%
DAADX DFA Emerging Markets ex China Core Equity Portfolio	3.12%	27.59%	3.44%	24.58%	-15.81%	0.20%

Returns By Period

In the year-to-date period, FRDM achieves a 7.05% return, which is significantly higher than DAADX's 3.12% return.

FRDM

• 1D: 4.49%
• 1M: -12.64%
• YTD: 7.05%
• 6M: 24.68%
• 1Y: 59.74%
• 3Y*: 26.32%
• 5Y*: 12.99%
• 10Y*: —

DAADX

• 1D: -1.26%
• 1M: -12.78%
• YTD: 3.12%
• 6M: 10.78%
• 1Y: 34.55%
• 3Y*: 17.39%
• 5Y*: —
• 10Y*: —

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

FRDM vs. DAADX - Expense Ratio Comparison

FRDM has a 0.49% expense ratio, which is higher than DAADX's 0.43% expense ratio.

FRDM

Freedom 100 Emerging Markets ETF

DAADX

DFA Emerging Markets ex China Core Equity Portfolio

Return for Risk

FRDM vs. DAADX — Risk / Return Rank

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

FRDM

FRDM Risk / Return Rank: 95
FRDM Sharpe Ratio Rank: 96
FRDM Sortino Ratio Rank: 96
FRDM Omega Ratio Rank: 95
FRDM Calmar Ratio Rank: 94
FRDM Martin Ratio Rank: 95

DAADX

DAADX Risk / Return Rank: 90
DAADX Sharpe Ratio Rank: 94
DAADX Sortino Ratio Rank: 92
DAADX Omega Ratio Rank: 90
DAADX Calmar Ratio Rank: 88
DAADX Martin Ratio Rank: 88

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.

FRDM vs. DAADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freedom 100 Emerging Markets ETF (FRDM) and DFA Emerging Markets ex China Core Equity Portfolio (DAADX). 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.

	FRDM	DAADX	Difference
Sharpe ratio Return per unit of total volatility	2.55	2.15	+0.40
Sortino ratio Return per unit of downside risk	3.15	2.71	+0.44
Omega ratio Gain probability vs. loss probability	1.47	1.41	+0.06
Calmar ratio Return relative to maximum drawdown	3.52	2.34	+1.18
Martin ratio Return relative to average drawdown	14.69	9.52	+5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRDM vs. DAADX - Sharpe Ratio Comparison

The current FRDM Sharpe Ratio is 2.55, which is comparable to the DAADX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of FRDM and DAADX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRDM	DAADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.15	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.62	+0.04

Correlation

The correlation between FRDM and DAADX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FRDM vs. DAADX - Dividend Comparison

FRDM's dividend yield for the trailing twelve months is around 2.04%, less than DAADX's 2.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
FRDM Freedom 100 Emerging Markets ETF	2.04%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%
DAADX DFA Emerging Markets ex China Core Equity Portfolio	2.43%	2.28%	2.64%	2.82%	3.02%	0.30%	0.00%	0.00%

Drawdowns

FRDM vs. DAADX - Drawdown Comparison

The maximum FRDM drawdown since its inception was -40.49%, which is greater than DAADX's maximum drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for FRDM and DAADX.

Drawdown Indicators

	FRDM	DAADX	Difference
Max Drawdown Largest peak-to-trough decline	-40.49%	-24.98%	-15.51%
Max Drawdown (1Y) Largest decline over 1 year	-16.87%	-13.14%	-3.73%
Max Drawdown (5Y) Largest decline over 5 years	-29.25%	—	—
Current Drawdown Current decline from peak	-13.13%	-13.14%	+0.01%
Average Drawdown Average peak-to-trough decline	-7.21%	-6.94%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	3.23%	+0.81%

Volatility

FRDM vs. DAADX - Volatility Comparison

Freedom 100 Emerging Markets ETF (FRDM) has a higher volatility of 13.19% compared to DFA Emerging Markets ex China Core Equity Portfolio (DAADX) at 8.67%. This indicates that FRDM's price experiences larger fluctuations and is considered to be riskier than DAADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRDM	DAADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.19%	8.67%	+4.52%
Volatility (6M) Calculated over the trailing 6-month period	18.31%	12.25%	+6.06%
Volatility (1Y) Calculated over the trailing 1-year period	23.57%	15.92%	+7.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	13.88%	+6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	13.88%	+8.48%