TVAFX vs. DFIEX
Compare and contrast key facts about Thornburg Small/Mid Cap Core Fund (TVAFX) and DFA International Core Equity Portfolio I (DFIEX).
TVAFX is managed by Thornburg. It was launched on Oct 2, 1995. DFIEX is managed by Dimensional. It was launched on Sep 15, 2005.
Performance
TVAFX vs. DFIEX - Performance Comparison
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TVAFX vs. DFIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVAFX Thornburg Small/Mid Cap Core Fund | 2.92% | -0.93% | 19.41% | 13.14% | -19.55% | 13.45% | 11.84% | 28.88% | -9.70% | 23.33% |
DFIEX DFA International Core Equity Portfolio I | 2.80% | 36.18% | 3.99% | 17.50% | -13.51% | 13.85% | 7.73% | 21.70% | -17.41% | 28.04% |
Returns By Period
The year-to-date returns for both stocks are quite close, with TVAFX having a 2.92% return and DFIEX slightly lower at 2.80%. Over the past 10 years, TVAFX has underperformed DFIEX with an annualized return of 8.19%, while DFIEX has yielded a comparatively higher 9.64% annualized return.
TVAFX
- 1D
- 2.73%
- 1M
- -6.48%
- YTD
- 2.92%
- 6M
- 2.23%
- 1Y
- 14.70%
- 3Y*
- 11.11%
- 5Y*
- 2.94%
- 10Y*
- 8.19%
DFIEX
- 1D
- 3.02%
- 1M
- -6.42%
- YTD
- 2.80%
- 6M
- 8.00%
- 1Y
- 30.46%
- 3Y*
- 16.74%
- 5Y*
- 9.40%
- 10Y*
- 9.64%
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TVAFX vs. DFIEX - Expense Ratio Comparison
TVAFX has a 1.31% expense ratio, which is higher than DFIEX's 0.24% expense ratio.
Return for Risk
TVAFX vs. DFIEX — Risk / Return Rank
TVAFX
DFIEX
TVAFX vs. DFIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Small/Mid Cap Core Fund (TVAFX) and DFA International Core Equity Portfolio I (DFIEX). 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.
| TVAFX | DFIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.95 | -1.29 |
Sortino ratioReturn per unit of downside risk | 1.09 | 2.55 | -1.46 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.57 | -1.53 |
Martin ratioReturn relative to average drawdown | 4.00 | 10.07 | -6.07 |
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
| TVAFX | DFIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.95 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.60 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.59 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.35 | +0.06 |
Correlation
The correlation between TVAFX and DFIEX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TVAFX vs. DFIEX - Dividend Comparison
TVAFX has not paid dividends to shareholders, while DFIEX's dividend yield for the trailing twelve months is around 3.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TVAFX Thornburg Small/Mid Cap Core Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 36.39% | 0.00% | 0.35% | 0.47% | 0.53% | 0.34% | 0.00% |
DFIEX DFA International Core Equity Portfolio I | 3.14% | 3.22% | 3.42% | 3.36% | 2.88% | 2.98% | 1.77% | 2.90% | 2.95% | 2.49% | 2.76% | 4.20% |
Drawdowns
TVAFX vs. DFIEX - Drawdown Comparison
The maximum TVAFX drawdown since its inception was -59.41%, roughly equal to the maximum DFIEX drawdown of -62.22%. Use the drawdown chart below to compare losses from any high point for TVAFX and DFIEX.
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Drawdown Indicators
| TVAFX | DFIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.41% | -62.22% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -11.01% | -3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -46.05% | -28.66% | -17.39% |
Max Drawdown (10Y)Largest decline over 10 years | -46.05% | -41.04% | -5.01% |
Current DrawdownCurrent decline from peak | -20.70% | -7.75% | -12.95% |
Average DrawdownAverage peak-to-trough decline | -13.66% | -12.26% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.81% | +1.00% |
Volatility
TVAFX vs. DFIEX - Volatility Comparison
The current volatility for Thornburg Small/Mid Cap Core Fund (TVAFX) is 6.72%, while DFA International Core Equity Portfolio I (DFIEX) has a volatility of 7.09%. This indicates that TVAFX experiences smaller price fluctuations and is considered to be less risky than DFIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVAFX | DFIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 7.09% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 10.45% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 15.90% | +6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.03% | 15.65% | +13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.63% | 16.35% | +8.28% |