GMWEX vs. DFVIX

Last updated Jul 17, 2026

GMWEX (GuideMark World ex-US Fund) and DFVIX (DFA International Value III Portfolio) are both Foreign Large Cap Equities funds. Over the past 10 years, GMWEX returned 9.04%/yr vs 12.51%/yr for DFVIX. Their correlation of 0.92 suggests significant overlap in exposure. GMWEX charges 1.15%/yr vs 0.24%/yr for DFVIX.

Performance

GMWEX vs. DFVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideMark World ex-US Fund (GMWEX) and DFA International Value III Portfolio (DFVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMWEX achieves a 8.99% return, which is significantly lower than DFVIX's 14.24% return. Over the past 10 years, GMWEX has underperformed DFVIX with an annualized return of 9.04%, while DFVIX has yielded a comparatively higher 12.51% annualized return.

GMWEX

• 1D: 0.53%
• 1M: 0.92%
• 6M: 6.62%
• YTD: 8.99%
• 1Y: 21.54%
• 3Y*: 16.48%
• 5Y*: 8.79%
• 10Y*: 9.04%

DFVIX

• 1D: 0.62%
• 1M: 1.19%
• 6M: 10.55%
• YTD: 14.24%
• 1Y: 35.12%
• 3Y*: 22.67%
• 5Y*: 16.97%
• 10Y*: 12.51%

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

GMWEX vs. DFVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMWEX GuideMark World ex-US Fund	8.99%	33.60%	5.36%	15.97%	-16.19%	11.70%	8.58%	20.02%	-14.12%	25.97%
DFVIX DFA International Value III Portfolio	14.24%	44.85%	6.86%	17.89%	-3.41%	23.59%	-1.96%	15.85%	-17.29%	26.23%

Correlation

The correlation between GMWEX and DFVIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.92

The correlation between GMWEX and DFVIX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

GMWEX vs. DFVIX — Risk / Return Rank

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

GMWEX

GMWEX Risk / Return Rank: 44
GMWEX Sharpe Ratio Rank: 43
GMWEX Sortino Ratio Rank: 44
GMWEX Omega Ratio Rank: 42
GMWEX Calmar Ratio Rank: 45
GMWEX Martin Ratio Rank: 47

DFVIX

DFVIX Risk / Return Rank: 89
DFVIX Sharpe Ratio Rank: 92
DFVIX Sortino Ratio Rank: 87
DFVIX Omega Ratio Rank: 85
DFVIX Calmar Ratio Rank: 91
DFVIX Martin Ratio Rank: 92

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.

GMWEX vs. DFVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideMark World ex-US Fund (GMWEX) and DFA International Value III Portfolio (DFVIX). 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.

	GMWEX	DFVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.54	-1.03
Sortino ratio: Return per unit of downside risk	2.18	3.45	-1.27
Omega ratio: Gain probability vs. loss probability	1.27	1.45	-0.18
Calmar ratio: Return relative to maximum drawdown	2.14	3.77	-1.63
Martin ratio: Return relative to average drawdown	8.16	14.46	-6.30

GMWEX vs. DFVIX - Sharpe Ratio Comparison

The current GMWEX Sharpe Ratio is 1.51, which is lower than the DFVIX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of GMWEX and DFVIX, 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

GMWEX vs. DFVIX - Drawdown Comparison

The maximum GMWEX drawdown since its inception was -70.00%, which is greater than DFVIX's maximum drawdown of -66.53%. Use the drawdown chart below to compare losses from any high point for GMWEX and DFVIX.

Drawdown Indicators

	GMWEX	DFVIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.00%	-66.53%	-3.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-9.53%	-0.89%
Max Drawdown (3Y) Largest decline over 3 years	-12.52%	-14.68%	+2.16%
Max Drawdown (5Y) Largest decline over 5 years	-31.28%	-25.26%	-6.02%
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	-47.89%	+12.38%
Current Drawdown Current decline from peak	-0.53%	0.00%	-0.53%
Average Drawdown Average peak-to-trough decline	-30.87%	-12.23%	-18.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.48%	+0.25%

Volatility

GMWEX vs. DFVIX - Volatility Comparison

GuideMark World ex-US Fund (GMWEX) and DFA International Value III Portfolio (DFVIX) have volatilities of 3.67% and 3.59%, 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

	GMWEX	DFVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.59%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	12.49%	11.61%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	14.20%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	16.46%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	17.75%	-1.77%

GMWEX vs. DFVIX - Expense Ratio Comparison

GMWEX has a 1.15% expense ratio, which is higher than DFVIX's 0.24% expense ratio.

Dividends

GMWEX vs. DFVIX - Dividend Comparison

GMWEX's dividend yield for the trailing twelve months is around 13.43%, more than DFVIX's 3.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFVIX DFA International Value III Portfolio	3.79%	4.09%	4.16%	4.44%	3.82%	7.97%	2.25%	3.53%	6.16%	3.02%	3.43%	5.84%
GMWEX GuideMark World ex-US Fund	13.43%	14.64%	2.94%	3.43%	3.11%	1.08%	2.01%	1.66%	1.61%	1.43%	1.86%	2.70%

Frequently Asked Questions

Can I hold both GMWEX and DFVIX in my portfolio?

With a correlation of 0.92, GMWEX and DFVIX 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, GMWEX or DFVIX?

GMWEX has higher volatility (3.67%) compared to DFVIX (3.59%). In terms of maximum drawdown, GMWEX dropped -70.00% vs DFVIX's -66.53%.

Which has better risk-adjusted returns?

DFVIX currently has the higher Sharpe Ratio (2.54 vs 1.51), 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.