PMJAX vs. DFFVX
PMJAX (PIMCO RAE US Small Fund Class A) and DFFVX (DFA U.S. Targeted Value Portfolio Institutional Class) are both Small Cap Value Equities funds. Both are actively managed. Over the past 10 years, PMJAX returned 12.88%/yr vs 11.29%/yr for DFFVX. Their correlation of 0.95 means they have usually moved in the same direction. PMJAX charges 0.90%/yr vs 0.29%/yr for DFFVX.
Performance
PMJAX vs. DFFVX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PMJAX having a 20.20% return and DFFVX slightly lower at 20.09%. Over the past 10 years, PMJAX has outperformed DFFVX with an annualized return of 12.88%, while DFFVX has yielded a comparatively lower 11.29% annualized return.
PMJAX
- 1D
- 0.15%
- 1M
- 0.45%
- 6M
- 16.52%
- YTD
- 20.20%
- 1Y
- 35.79%
- 3Y*
- 17.44%
- 5Y*
- 12.58%
- 10Y*
- 12.88%
- ALL TIME*
- 13.40%
DFFVX
- 1D
- -0.14%
- 1M
- 1.73%
- 6M
- 12.71%
- YTD
- 20.09%
- 1Y
- 35.50%
- 3Y*
- 14.93%
- 5Y*
- 10.96%
- 10Y*
- 11.29%
- ALL TIME*
- 11.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMJAX vs. DFFVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMJAX PIMCO RAE US Small Fund Class A | 20.20% | 4.89% | 20.53% | 19.76% | -5.07% | 38.48% | 6.52% | 19.76% | -12.02% | 8.76% |
DFFVX DFA U.S. Targeted Value Portfolio Institutional Class | 20.09% | 9.53% | 9.34% | 19.37% | -4.66% | 31.53% | 3.78% | 21.51% | -15.79% | 9.20% |
Correlation
The correlation between PMJAX and DFFVX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.95 |
The correlation between PMJAX and DFFVX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
PMJAX vs. DFFVX — Risk / Return Rank
PMJAX
DFFVX
PMJAX vs. DFFVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE US Small Fund Class A (PMJAX) and DFA U.S. Targeted Value Portfolio Institutional Class (DFFVX). 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.
| PMJAX | DFFVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 3.28 | +0.96 |
| Martin ratioReturn relative to average drawdown | 13.04 | 11.12 | +1.92 |
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Drawdowns
PMJAX vs. DFFVX - Drawdown Comparison
The maximum PMJAX drawdown since its inception was -50.53%, smaller than the maximum DFFVX drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for PMJAX and DFFVX.
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Drawdown Indicators
| PMJAX | DFFVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.53% | -64.21% | +13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -9.70% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | -26.09% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -50.53% | -26.09% | -24.44% |
Max Drawdown (10Y)Largest decline over 10 years | -50.53% | -50.75% | +0.22% |
Current DrawdownCurrent decline from peak | -1.33% | -0.97% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -16.79% | -9.65% | -7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.86% | -0.35% |
Volatility
PMJAX vs. DFFVX - Volatility Comparison
PIMCO RAE US Small Fund Class A (PMJAX) and DFA U.S. Targeted Value Portfolio Institutional Class (DFFVX) have volatilities of 3.26% and 3.35%, 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.
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Volatility by Period
| PMJAX | DFFVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.35% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 10.52% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 16.43% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.06% | 21.27% | +18.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.51% | 23.55% | +9.96% |
PMJAX vs. DFFVX - Expense Ratio Comparison
PMJAX has a 0.90% expense ratio, which is higher than DFFVX's 0.29% expense ratio.
Dividends
PMJAX vs. DFFVX - Dividend Comparison
PMJAX's dividend yield for the trailing twelve months is around 2.75%, more than DFFVX's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFFVX DFA U.S. Targeted Value Portfolio Institutional Class | 1.49% | 1.69% | 1.40% | 2.26% | 5.17% | 2.74% | 1.52% | 3.82% | 5.95% | 5.16% | 3.95% | 5.84% |
PMJAX PIMCO RAE US Small Fund Class A | 2.75% | 3.31% | 2.48% | 1.40% | 10.08% | 67.74% | 9.44% | 1.37% | 7.72% | 4.51% | 1.16% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, PMJAX and DFFVX 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.
DFFVX has higher volatility (3.35%) compared to PMJAX (3.26%). In terms of maximum drawdown, PMJAX dropped -50.53% vs DFFVX's -64.21%.
DFFVX currently has the higher Sharpe Ratio (1.94 vs 1.94), 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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