MAIIX vs. DFVIX
MAIIX (iShares MSCI EAFE International Index Fund) and DFVIX (DFA International Value III Portfolio) are both Foreign Large Cap Equities funds. Over the past 10 years, MAIIX returned 9.60%/yr vs 12.51%/yr for DFVIX. Their correlation of 0.93 suggests significant overlap in exposure. MAIIX charges 0.09%/yr vs 0.24%/yr for DFVIX.
Performance
MAIIX vs. DFVIX - Performance Comparison
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Returns By Period
In the year-to-date period, MAIIX achieves a 10.96% return, which is significantly lower than DFVIX's 14.24% return. Over the past 10 years, MAIIX has underperformed DFVIX with an annualized return of 9.60%, while DFVIX has yielded a comparatively higher 12.51% annualized return.
MAIIX
- 1D
- 0.70%
- 1M
- 0.42%
- 6M
- 7.19%
- YTD
- 10.96%
- 1Y
- 22.98%
- 3Y*
- 16.15%
- 5Y*
- 9.58%
- 10Y*
- 9.60%
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%
MAIIX vs. DFVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 10.96% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
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 MAIIX 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 | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 1997 | 0.93 |
The correlation between MAIIX and DFVIX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
MAIIX vs. DFVIX — Risk / Return Rank
MAIIX
DFVIX
MAIIX vs. DFVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) 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.
| MAIIX | DFVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 3.77 | -1.70 |
| Martin ratioReturn relative to average drawdown | 7.71 | 14.46 | -6.74 |
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Drawdowns
MAIIX vs. DFVIX - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, smaller than the maximum DFVIX drawdown of -66.53%. Use the drawdown chart below to compare losses from any high point for MAIIX and DFVIX.
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Drawdown Indicators
| MAIIX | DFVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -66.53% | +5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -9.53% | -1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -14.68% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -25.26% | -4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -47.89% | +13.88% |
Current DrawdownCurrent decline from peak | -0.74% | 0.00% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -12.23% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.48% | +0.55% |
Volatility
MAIIX vs. DFVIX - Volatility Comparison
iShares MSCI EAFE International Index Fund (MAIIX) has a higher volatility of 4.23% compared to DFA International Value III Portfolio (DFVIX) at 3.59%. This indicates that MAIIX's price experiences larger fluctuations and is considered to be riskier than DFVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIIX | DFVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.59% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 11.61% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 14.20% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 16.46% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 17.75% | -1.38% |
MAIIX vs. DFVIX - Expense Ratio Comparison
MAIIX has a 0.09% expense ratio, which is lower than DFVIX's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MAIIX vs. DFVIX - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.34%, less 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% |
MAIIX iShares MSCI EAFE International Index Fund | 3.34% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
Frequently Asked Questions
With a correlation of 0.92, MAIIX 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.
MAIIX has higher volatility (4.23%) compared to DFVIX (3.59%). In terms of maximum drawdown, MAIIX dropped -61.05% vs DFVIX's -66.53%.
DFVIX currently has the higher Sharpe Ratio (2.54 vs 1.49), 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.
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