TEQLX vs. DFESX
TEQLX (TIAA-CREF Emerging Markets Equity Index Fund) and DFESX (DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio) are both Emerging Markets Diversified funds. Over the past 10 years, TEQLX returned 10.64%/yr vs 11.15%/yr for DFESX. With a 0.98 correlation, they move nearly in lockstep. TEQLX charges 0.19%/yr vs 0.45%/yr for DFESX.
Performance
TEQLX vs. DFESX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TEQLX having a 30.13% return and DFESX slightly lower at 28.96%. Both investments have delivered pretty close results over the past 10 years, with TEQLX having a 10.64% annualized return and DFESX not far ahead at 11.15%.
TEQLX
- 1D
- 1.22%
- 1M
- 10.66%
- YTD
- 30.13%
- 6M
- 33.10%
- 1Y
- 59.14%
- 3Y*
- 24.95%
- 5Y*
- 7.91%
- 10Y*
- 10.64%
DFESX
- 1D
- 0.85%
- 1M
- 10.14%
- YTD
- 28.96%
- 6M
- 31.90%
- 1Y
- 54.42%
- 3Y*
- 24.24%
- 5Y*
- 9.44%
- 10Y*
- 11.15%
TEQLX vs. DFESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEQLX TIAA-CREF Emerging Markets Equity Index Fund | 30.13% | 34.10% | 6.71% | 9.23% | -20.22% | -3.07% | 17.67% | 18.59% | -14.60% | 37.47% |
DFESX DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio | 28.96% | 29.95% | 7.16% | 14.58% | -18.49% | 4.16% | 12.99% | 17.12% | -14.87% | 37.30% |
Correlation
The correlation between TEQLX and DFESX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012 | 0.98 |
The correlation between TEQLX and DFESX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
TEQLX vs. DFESX — Risk / Return Rank
TEQLX
DFESX
TEQLX vs. DFESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) and DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio (DFESX). 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.
| TEQLX | DFESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.64 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 4.33 | +0.16 |
| Martin ratioReturn relative to average drawdown | 17.79 | 17.30 | +0.49 |
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
| TEQLX | DFESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 3.39 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.63 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.70 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.50 | -0.14 |
Drawdowns
TEQLX vs. DFESX - Drawdown Comparison
The maximum TEQLX drawdown since its inception was -39.33%, smaller than the maximum DFESX drawdown of -41.43%. Use the drawdown chart below to compare losses from any high point for TEQLX and DFESX.
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Drawdown Indicators
| TEQLX | DFESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -41.43% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -12.79% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.97% | -16.53% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -32.64% | -4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -39.33% | -41.43% | +2.10% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -10.76% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.18% | +0.17% |
Volatility
TEQLX vs. DFESX - Volatility Comparison
TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) has a higher volatility of 7.75% compared to DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio (DFESX) at 7.18%. This indicates that TEQLX's price experiences larger fluctuations and is considered to be riskier than DFESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEQLX | DFESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 7.18% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | 14.26% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 16.35% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 15.10% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 16.10% | +1.58% |
TEQLX vs. DFESX - Expense Ratio Comparison
TEQLX has a 0.19% expense ratio, which is lower than DFESX's 0.45% expense ratio.
Dividends
TEQLX vs. DFESX - Dividend Comparison
TEQLX's dividend yield for the trailing twelve months is around 2.17%, more than DFESX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFESX DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio | 2.13% | 2.59% | 3.15% | 3.23% | 3.17% | 2.37% | 1.64% | 2.33% | 2.37% | 2.04% | 2.05% | 2.17% |
TEQLX TIAA-CREF Emerging Markets Equity Index Fund | 2.17% | 2.83% | 2.93% | 3.08% | 2.51% | 2.27% | 2.04% | 2.77% | 2.43% | 1.98% | 1.88% | 2.40% |
Frequently Asked Questions
With a correlation of 0.95, TEQLX and DFESX 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.
TEQLX has higher volatility (7.75%) compared to DFESX (7.18%). In terms of maximum drawdown, TEQLX dropped -39.33% vs DFESX's -41.43%.
DFESX currently has the higher Sharpe Ratio (3.39 vs 3.33), 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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