UEVM vs. DFEVX

Last updated Jun 9, 2026

UEVM (VictoryShares Emerging Markets Value Momentum ETF) and DFEVX (DFA Emerging Markets Value Portfolio) are both funds - UEVM is a Momentum fund tracking the Nasdaq Victory Emerging Market Value Momentum Index, while DFEVX is a Emerging Markets Diversified fund managed by Dimensional. Over the past 5 years, UEVM returned 7.19%/yr vs 10.04%/yr for DFEVX. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.

Performance

UEVM vs. DFEVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Emerging Markets Value Momentum ETF (UEVM) and DFA Emerging Markets Value Portfolio (DFEVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UEVM achieves a 5.73% return, which is significantly lower than DFEVX's 18.37% return.

UEVM

• 1D: 0.33%
• 1M: -4.61%
• YTD: 5.73%
• 6M: 5.73%
• 1Y: 19.29%
• 3Y*: 16.44%
• 5Y*: 7.19%
• 10Y*: —

DFEVX

• 1D: -4.18%
• 1M: -1.08%
• YTD: 18.37%
• 6M: 20.48%
• 1Y: 38.24%
• 3Y*: 20.78%
• 5Y*: 10.04%
• 10Y*: 10.73%

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

UEVM vs. DFEVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UEVM VictoryShares Emerging Markets Value Momentum ETF	5.73%	22.74%	11.92%	17.41%	-14.60%	11.09%	3.77%	10.71%	-16.96%	3.70%
DFEVX DFA Emerging Markets Value Portfolio	18.37%	29.50%	6.17%	16.50%	-10.77%	12.42%	2.73%	9.64%	-11.92%	4.81%

Correlation

The correlation between UEVM and DFEVX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.87

The correlation between UEVM and DFEVX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.

Return for Risk

UEVM vs. DFEVX — Risk / Return Rank

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

UEVM

UEVM Risk / Return Rank: 41
UEVM Sharpe Ratio Rank: 39
UEVM Sortino Ratio Rank: 37
UEVM Omega Ratio Rank: 39
UEVM Calmar Ratio Rank: 44
UEVM Martin Ratio Rank: 44

DFEVX

DFEVX Risk / Return Rank: 77
DFEVX Sharpe Ratio Rank: 83
DFEVX Sortino Ratio Rank: 71
DFEVX Omega Ratio Rank: 80
DFEVX Calmar Ratio Rank: 79
DFEVX Martin Ratio Rank: 72

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.

UEVM vs. DFEVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Emerging Markets Value Momentum ETF (UEVM) and DFA Emerging Markets Value Portfolio (DFEVX). 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.

	UEVM	DFEVX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.63	-1.38
Sortino ratio: Return per unit of downside risk	1.74	3.39	-1.65
Omega ratio: Gain probability vs. loss probability	1.23	1.51	-0.28
Calmar ratio: Return relative to maximum drawdown	1.98	3.45	-1.47
Martin ratio: Return relative to average drawdown	6.60	13.04	-6.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UEVM vs. DFEVX - Sharpe Ratio Comparison

The current UEVM Sharpe Ratio is 1.25, which is lower than the DFEVX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of UEVM and DFEVX, 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

	UEVM	DFEVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	2.63	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.72	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.51	-0.20

Drawdowns

UEVM vs. DFEVX - Drawdown Comparison

The maximum UEVM drawdown since its inception was -45.44%, smaller than the maximum DFEVX drawdown of -67.59%. Use the drawdown chart below to compare losses from any high point for UEVM and DFEVX.

Drawdown Indicators

	UEVM	DFEVX	Difference
Max Drawdown Largest peak-to-trough decline	-45.44%	-67.59%	+22.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-11.35%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-16.17%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	-26.73%	-23.49%	-3.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.53%	—
Current Drawdown Current decline from peak	-5.11%	-5.84%	+0.73%
Average Drawdown Average peak-to-trough decline	-11.66%	-16.49%	+4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.99%	-0.06%

Volatility

UEVM vs. DFEVX - Volatility Comparison

The current volatility for VictoryShares Emerging Markets Value Momentum ETF (UEVM) is 5.55%, while DFA Emerging Markets Value Portfolio (DFEVX) has a volatility of 7.30%. This indicates that UEVM experiences smaller price fluctuations and is considered to be less risky than DFEVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UEVM	DFEVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	7.30%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	12.57%	12.85%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	14.85%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	14.08%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	15.62%	+2.79%

UEVM vs. DFEVX - Expense Ratio Comparison

Both UEVM and DFEVX have an expense ratio of 0.45%.

Dividends

UEVM vs. DFEVX - Dividend Comparison

UEVM's dividend yield for the trailing twelve months is around 3.14%, which matches DFEVX's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFEVX DFA Emerging Markets Value Portfolio	3.17%	3.80%	4.68%	4.39%	4.44%	3.82%	2.47%	2.47%	2.49%	2.45%	1.99%	2.55%
UEVM VictoryShares Emerging Markets Value Momentum ETF	3.14%	4.02%	5.65%	4.71%	3.46%	4.49%	2.19%	2.79%	2.34%	0.79%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UEVM and DFEVX in my portfolio?

UEVM and DFEVX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UEVM or DFEVX?

DFEVX has higher volatility (7.30%) compared to UEVM (5.55%). In terms of maximum drawdown, UEVM dropped -45.44% vs DFEVX's -67.59%.

Which has better risk-adjusted returns?

DFEVX currently has the higher Sharpe Ratio (2.63 vs 1.25), 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.