PSHZF vs. DEMSX
Compare and contrast key facts about Pershing Square Holdings Ltd (PSHZF) and DFA Emerging Markets Small Cap Portfolio (DEMSX).
DEMSX is managed by Dimensional. It was launched on Mar 4, 1998.
Performance
PSHZF vs. DEMSX - Performance Comparison
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PSHZF vs. DEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSHZF Pershing Square Holdings Ltd | -15.87% | 36.74% | 4.57% | 37.43% | -15.13% | 17.80% | 89.27% | 53.54% | -8.09% | -5.08% |
DEMSX DFA Emerging Markets Small Cap Portfolio | -0.04% | 19.01% | 4.92% | 16.32% | -15.30% | 19.54% | 13.82% | 14.89% | -17.55% | 33.32% |
Returns By Period
In the year-to-date period, PSHZF achieves a -15.87% return, which is significantly lower than DEMSX's -0.04% return. Over the past 10 years, PSHZF has outperformed DEMSX with an annualized return of 16.03%, while DEMSX has yielded a comparatively lower 8.18% annualized return.
PSHZF
- 1D
- 2.04%
- 1M
- -5.21%
- YTD
- -15.87%
- 6M
- -11.28%
- 1Y
- 12.96%
- 3Y*
- 17.48%
- 5Y*
- 9.92%
- 10Y*
- 16.03%
DEMSX
- 1D
- 1.07%
- 1M
- -7.71%
- YTD
- -0.04%
- 6M
- -1.04%
- 1Y
- 19.82%
- 3Y*
- 11.56%
- 5Y*
- 6.32%
- 10Y*
- 8.18%
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Return for Risk
PSHZF vs. DEMSX — Risk / Return Rank
PSHZF
DEMSX
PSHZF vs. DEMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pershing Square Holdings Ltd (PSHZF) and DFA Emerging Markets Small Cap Portfolio (DEMSX). 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.
| PSHZF | DEMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 1.55 | -1.04 |
Sortino ratioReturn per unit of downside risk | 0.87 | 2.02 | -1.15 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.29 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.70 | -1.12 |
Martin ratioReturn relative to average drawdown | 1.75 | 6.28 | -4.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSHZF | DEMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.55 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.49 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.56 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.59 | -0.29 |
Correlation
The correlation between PSHZF and DEMSX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PSHZF vs. DEMSX - Dividend Comparison
PSHZF's dividend yield for the trailing twelve months is around 1.24%, less than DEMSX's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSHZF Pershing Square Holdings Ltd | 1.24% | 1.01% | 1.21% | 1.12% | 1.38% | 1.14% | 1.35% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% |
DEMSX DFA Emerging Markets Small Cap Portfolio | 3.82% | 3.79% | 3.27% | 2.94% | 4.47% | 10.20% | 2.25% | 3.11% | 5.02% | 3.41% | 3.74% | 3.24% |
Drawdowns
PSHZF vs. DEMSX - Drawdown Comparison
The maximum PSHZF drawdown since its inception was -56.97%, smaller than the maximum DEMSX drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for PSHZF and DEMSX.
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Drawdown Indicators
| PSHZF | DEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.97% | -66.70% | +9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -22.81% | -10.30% | -12.51% |
Max Drawdown (5Y)Largest decline over 5 years | -31.46% | -24.40% | -7.06% |
Max Drawdown (10Y)Largest decline over 10 years | -32.96% | -47.28% | +14.32% |
Current DrawdownCurrent decline from peak | -18.63% | -9.35% | -9.28% |
Average DrawdownAverage peak-to-trough decline | -23.25% | -13.67% | -9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 2.95% | +4.54% |
Volatility
PSHZF vs. DEMSX - Volatility Comparison
Pershing Square Holdings Ltd (PSHZF) has a higher volatility of 8.78% compared to DFA Emerging Markets Small Cap Portfolio (DEMSX) at 6.19%. This indicates that PSHZF's price experiences larger fluctuations and is considered to be riskier than DEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSHZF | DEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.78% | 6.19% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 9.31% | +6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.35% | 13.57% | +11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.16% | 13.08% | +11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.20% | 14.68% | +10.52% |