MDIIX vs. DFVIX
MDIIX (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, MDIIX returned 9.31%/yr vs 12.51%/yr for DFVIX. Their correlation of 0.93 suggests significant overlap in exposure. MDIIX charges 0.35%/yr vs 0.24%/yr for DFVIX.
Performance
MDIIX vs. DFVIX - Performance Comparison
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Returns By Period
In the year-to-date period, MDIIX achieves a 10.73% return, which is significantly lower than DFVIX's 14.24% return. Over the past 10 years, MDIIX has underperformed DFVIX with an annualized return of 9.31%, while DFVIX has yielded a comparatively higher 12.51% annualized return.
MDIIX
- 1D
- 0.66%
- 1M
- 0.38%
- 6M
- 7.00%
- YTD
- 10.73%
- 1Y
- 22.61%
- 3Y*
- 15.83%
- 5Y*
- 9.30%
- 10Y*
- 9.31%
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%
MDIIX vs. DFVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDIIX iShares MSCI EAFE International Index Fund | 10.73% | 31.36% | 3.36% | 18.04% | -14.33% | 10.98% | 7.68% | 21.55% | -13.62% | 24.84% |
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 MDIIX 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 MDIIX 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
MDIIX vs. DFVIX — Risk / Return Rank
MDIIX
DFVIX
MDIIX vs. DFVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MDIIX) 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.
| MDIIX | DFVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.77 | -1.73 |
| Martin ratioReturn relative to average drawdown | 7.56 | 14.46 | -6.89 |
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Drawdowns
MDIIX vs. DFVIX - Drawdown Comparison
The maximum MDIIX drawdown since its inception was -61.26%, smaller than the maximum DFVIX drawdown of -66.53%. Use the drawdown chart below to compare losses from any high point for MDIIX and DFVIX.
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Drawdown Indicators
| MDIIX | DFVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.26% | -66.53% | +5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.32% | -9.53% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -14.68% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -25.26% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.34% | -47.89% | +13.55% |
Current DrawdownCurrent decline from peak | -0.79% | 0.00% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -15.51% | -12.23% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.48% | +0.56% |
Volatility
MDIIX vs. DFVIX - Volatility Comparison
iShares MSCI EAFE International Index Fund (MDIIX) has a higher volatility of 4.22% compared to DFA International Value III Portfolio (DFVIX) at 3.59%. This indicates that MDIIX'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
| MDIIX | DFVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 3.59% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 11.61% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 14.20% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 16.46% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 17.75% | -1.38% |
MDIIX vs. DFVIX - Expense Ratio Comparison
MDIIX has a 0.35% expense ratio, which is higher than DFVIX's 0.24% expense ratio.
Dividends
MDIIX vs. DFVIX - Dividend Comparison
MDIIX's dividend yield for the trailing twelve months is around 3.16%, 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% |
MDIIX iShares MSCI EAFE International Index Fund | 3.16% | 3.49% | 3.15% | 2.94% | 2.52% | 2.78% | 1.72% | 3.05% | 4.24% | 2.21% | 2.60% | 1.94% |
Frequently Asked Questions
With a correlation of 0.92, MDIIX 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.
MDIIX has higher volatility (4.22%) compared to DFVIX (3.59%). In terms of maximum drawdown, MDIIX dropped -61.26% vs DFVIX's -66.53%.
DFVIX currently has the higher Sharpe Ratio (2.54 vs 1.47), 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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