PEPFX vs. DFIVX

Last updated Jun 4, 2026

PEPFX (PIMCO RAE Emerging Markets Fund) and DFIVX (DFA International Value Portfolio) are both mutual funds - PEPFX is a Emerging Markets Diversified fund managed by PIMCO, while DFIVX is a Foreign Large Cap Equities fund managed by Dimensional. Over the past 10 years, PEPFX returned 12.11%/yr vs 11.85%/yr for DFIVX. A 0.74 correlation means they provide meaningful diversification when combined. PEPFX charges 0.85%/yr vs 0.30%/yr for DFIVX.

Performance

PEPFX vs. DFIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE Emerging Markets Fund (PEPFX) and DFA International Value Portfolio (DFIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEPFX achieves a 18.30% return, which is significantly higher than DFIVX's 13.29% return. Both investments have delivered pretty close results over the past 10 years, with PEPFX having a 12.11% annualized return and DFIVX not far behind at 11.85%.

PEPFX

• 1D: 0.87%
• 1M: 2.96%
• YTD: 18.30%
• 6M: 14.18%
• 1Y: 31.15%
• 3Y*: 18.34%
• 5Y*: 8.59%
• 10Y*: 12.11%

DFIVX

• 1D: 0.68%
• 1M: 3.65%
• YTD: 13.29%
• 6M: 17.16%
• 1Y: 37.50%
• 3Y*: 24.59%
• 5Y*: 14.38%
• 10Y*: 11.85%

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

PEPFX vs. DFIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEPFX PIMCO RAE Emerging Markets Fund	18.30%	20.60%	2.45%	22.46%	-10.50%	15.79%	9.76%	13.56%	-12.62%	29.07%
DFIVX DFA International Value Portfolio	13.29%	45.24%	6.87%	17.83%	-3.51%	18.57%	-2.13%	15.68%	-17.49%	26.08%

Correlation

The correlation between PEPFX and DFIVX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 11, 2015	0.74

The correlation between PEPFX and DFIVX has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

Return for Risk

PEPFX vs. DFIVX — Risk / Return Rank

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

PEPFX

PEPFX Risk / Return Rank: 57
PEPFX Sharpe Ratio Rank: 60
PEPFX Sortino Ratio Rank: 47
PEPFX Omega Ratio Rank: 58
PEPFX Calmar Ratio Rank: 69
PEPFX Martin Ratio Rank: 53

DFIVX

DFIVX Risk / Return Rank: 78
DFIVX Sharpe Ratio Rank: 83
DFIVX Sortino Ratio Rank: 74
DFIVX Omega Ratio Rank: 72
DFIVX Calmar Ratio Rank: 83
DFIVX Martin Ratio Rank: 81

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.

PEPFX vs. DFIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Emerging Markets Fund (PEPFX) and DFA International Value Portfolio (DFIVX). 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.

	PEPFX	DFIVX	Difference
Sharpe ratio Return per unit of total volatility	2.27	2.67	-0.39
Sortino ratio Return per unit of downside risk	2.88	3.58	-0.69
Omega ratio Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio Return relative to maximum drawdown	3.22	3.85	-0.63
Martin ratio Return relative to average drawdown	10.78	15.14	-4.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEPFX vs. DFIVX - Sharpe Ratio Comparison

The current PEPFX Sharpe Ratio is 2.27, which is comparable to the DFIVX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of PEPFX and DFIVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PEPFX	DFIVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.67	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.89	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.66	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.39	+0.13

Drawdowns

PEPFX vs. DFIVX - Drawdown Comparison

The maximum PEPFX drawdown since its inception was -46.88%, smaller than the maximum DFIVX drawdown of -66.61%. Use the drawdown chart below to compare losses from any high point for PEPFX and DFIVX.

Drawdown Indicators

	PEPFX	DFIVX	Difference
Max Drawdown Largest peak-to-trough decline	-46.88%	-66.61%	+19.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	-9.58%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-22.09%	-14.39%	-7.70%
Max Drawdown (5Y) Largest decline over 5 years	-28.31%	-25.29%	-3.02%
Max Drawdown (10Y) Largest decline over 10 years	-46.88%	-48.11%	+1.23%
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-11.11%	-12.24%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	2.43%	+0.54%

Volatility

PEPFX vs. DFIVX - Volatility Comparison

PIMCO RAE Emerging Markets Fund (PEPFX) has a higher volatility of 4.66% compared to DFA International Value Portfolio (DFIVX) at 3.86%. This indicates that PEPFX's price experiences larger fluctuations and is considered to be riskier than DFIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEPFX	DFIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	3.86%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	11.97%	10.89%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	13.85%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.88%	16.29%	-1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	18.02%	-0.73%

PEPFX vs. DFIVX - Expense Ratio Comparison

PEPFX has a 0.85% expense ratio, which is higher than DFIVX's 0.30% expense ratio.

Dividends

PEPFX vs. DFIVX - Dividend Comparison

PEPFX's dividend yield for the trailing twelve months is around 2.46%, less than DFIVX's 3.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFIVX DFA International Value Portfolio	3.72%	4.21%	3.94%	4.40%	3.78%	4.37%	2.42%	3.70%	6.60%	2.85%	3.36%	3.45%
PEPFX PIMCO RAE Emerging Markets Fund	2.46%	2.91%	1.99%	4.05%	11.30%	9.12%	9.73%	2.21%	11.05%	8.06%	2.74%	2.46%

Frequently Asked Questions

Can I hold both PEPFX and DFIVX in my portfolio?

PEPFX and DFIVX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEPFX or DFIVX?

PEPFX has higher volatility (4.66%) compared to DFIVX (3.86%). In terms of maximum drawdown, PEPFX dropped -46.88% vs DFIVX's -66.61%.

Which has better risk-adjusted returns?

DFIVX currently has the higher Sharpe Ratio (2.67 vs 2.27), 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.