IFPUX vs. DFIEX

Last updated Jul 3, 2026

IFPUX (Independent Franchise Part Equity Fund) and DFIEX (DFA International Core Equity Portfolio I) are both mutual funds - IFPUX is a Large Cap Blend Equities fund managed by Independent Franchise Partners, while DFIEX is a Foreign Large Cap Equities fund managed by Dimensional. Over the past 10 years, IFPUX returned 12.68%/yr vs 10.16%/yr for DFIEX. A 0.72 correlation means they provide meaningful diversification when combined. IFPUX charges 0.68%/yr vs 0.24%/yr for DFIEX.

Performance

IFPUX vs. DFIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Independent Franchise Part Equity Fund (IFPUX) and DFA International Core Equity Portfolio I (DFIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFPUX achieves a -6.14% return, which is significantly lower than DFIEX's 8.61% return. Over the past 10 years, IFPUX has outperformed DFIEX with an annualized return of 12.68%, while DFIEX has yielded a comparatively lower 10.16% annualized return.

IFPUX

• 1D: 1.39%
• 1M: -0.10%
• 6M: -6.14%
• YTD: -6.14%
• 1Y: 3.95%
• 3Y*: 14.74%
• 5Y*: 9.88%
• 10Y*: 12.68%

DFIEX

• 1D: -0.87%
• 1M: -2.19%
• 6M: 8.61%
• YTD: 8.61%
• 1Y: 21.24%
• 3Y*: 18.08%
• 5Y*: 9.53%
• 10Y*: 10.16%

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

IFPUX vs. DFIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFPUX Independent Franchise Part Equity Fund	-6.14%	28.47%	21.80%	21.19%	-10.77%	16.17%	19.09%	35.20%	-7.11%	15.64%
DFIEX DFA International Core Equity Portfolio I	8.61%	36.18%	3.99%	17.50%	-13.51%	13.85%	7.73%	21.70%	-17.41%	28.04%

Correlation

The correlation between IFPUX and DFIEX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011	0.72

Over the past year, the correlation between IFPUX and DFIEX has dropped to 0.45 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

IFPUX vs. DFIEX — Risk / Return Rank

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

IFPUX

IFPUX Risk / Return Rank: 6
IFPUX Sharpe Ratio Rank: 7
IFPUX Sortino Ratio Rank: 7
IFPUX Omega Ratio Rank: 6
IFPUX Calmar Ratio Rank: 6
IFPUX Martin Ratio Rank: 6

DFIEX

DFIEX Risk / Return Rank: 41
DFIEX Sharpe Ratio Rank: 42
DFIEX Sortino Ratio Rank: 41
DFIEX Omega Ratio Rank: 41
DFIEX Calmar Ratio Rank: 40
DFIEX Martin Ratio Rank: 43

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.

IFPUX vs. DFIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Independent Franchise Part Equity Fund (IFPUX) and DFA International Core Equity Portfolio I (DFIEX). 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.

	IFPUX	DFIEX	Difference
Sharpe ratio: Return per unit of total volatility	0.35	1.53	-1.18
Sortino ratio: Return per unit of downside risk	0.61	2.17	-1.56
Omega ratio: Gain probability vs. loss probability	1.07	1.28	-0.21
Calmar ratio: Return relative to maximum drawdown	0.36	1.99	-1.63
Martin ratio: Return relative to average drawdown	0.83	7.67	-6.84

IFPUX vs. DFIEX - Sharpe Ratio Comparison

The current IFPUX Sharpe Ratio is 0.35, which is lower than the DFIEX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IFPUX and DFIEX, 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

IFPUX vs. DFIEX - Drawdown Comparison

The maximum IFPUX drawdown since its inception was -27.73%, smaller than the maximum DFIEX drawdown of -62.22%. Use the drawdown chart below to compare losses from any high point for IFPUX and DFIEX.

Drawdown Indicators

	IFPUX	DFIEX	Difference
Max Drawdown Largest peak-to-trough decline	-27.73%	-62.22%	+34.49%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-11.01%	-1.20%
Max Drawdown (3Y) Largest decline over 3 years	-21.48%	-12.81%	-8.67%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-28.66%	+7.18%
Max Drawdown (10Y) Largest decline over 10 years	-27.73%	-41.04%	+13.31%
Current Drawdown Current decline from peak	-7.70%	-2.54%	-5.16%
Average Drawdown Average peak-to-trough decline	-3.82%	-12.13%	+8.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	2.85%	+2.43%

Volatility

IFPUX vs. DFIEX - Volatility Comparison

Independent Franchise Part Equity Fund (IFPUX) and DFA International Core Equity Portfolio I (DFIEX) have volatilities of 4.81% and 4.82%, 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

	IFPUX	DFIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	4.82%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	11.92%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	14.33%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	15.83%	+2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	16.12%	+0.96%

IFPUX vs. DFIEX - Expense Ratio Comparison

IFPUX has a 0.68% expense ratio, which is higher than DFIEX's 0.24% expense ratio.

Dividends

IFPUX vs. DFIEX - Dividend Comparison

IFPUX's dividend yield for the trailing twelve months is around 10.45%, more than DFIEX's 3.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFIEX DFA International Core Equity Portfolio I	3.05%	3.22%	3.42%	3.36%	2.88%	2.98%	1.77%	2.90%	2.95%	2.49%	2.76%	4.20%
IFPUX Independent Franchise Part Equity Fund	10.45%	9.81%	20.93%	8.24%	16.77%	5.50%	12.63%	11.08%	8.13%	1.35%	3.74%	0.00%

Frequently Asked Questions

Can I hold both IFPUX and DFIEX in my portfolio?

IFPUX and DFIEX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFPUX or DFIEX?

DFIEX has higher volatility (4.82%) compared to IFPUX (4.81%). In terms of maximum drawdown, IFPUX dropped -27.73% vs DFIEX's -62.22%.

Which has better risk-adjusted returns?

DFIEX currently has the higher Sharpe Ratio (1.53 vs 0.35), 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.