VDIPX vs. DFIVX

Last updated Aug 2, 2026

VDIPX (Vanguard Developed Markets Index Fund Institutional Plus Shares) and DFIVX (DFA International Value Portfolio Institutional Class) are both Foreign Large Cap Equities funds. Over the past 10 years, VDIPX returned 10.07%/yr vs 12.30%/yr for DFIVX. Their correlation of 0.94 means they have usually moved in the same direction. VDIPX charges 0.04%/yr vs 0.28%/yr for DFIVX.

Performance

VDIPX vs. DFIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX) and DFA International Value Portfolio Institutional Class (DFIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDIPX achieves a 14.62% return, which is significantly lower than DFIVX's 17.19% return. Over the past 10 years, VDIPX has underperformed DFIVX with an annualized return of 10.07%, while DFIVX has yielded a comparatively higher 12.30% annualized return.

VDIPX

• 1D: 3.12%
• 1M: 0.76%
• 6M: 8.15%
• YTD: 14.62%
• 1Y: 30.64%
• 3Y*: 17.93%
• 5Y*: 9.93%
• 10Y*: 10.07%
• ALL TIME*: 8.78%

DFIVX

• 1D: 2.64%
• 1M: 4.98%
• 6M: 10.51%
• YTD: 17.19%
• 1Y: 38.36%
• 3Y*: 22.87%
• 5Y*: 16.24%
• 10Y*: 12.30%
• ALL TIME*: 7.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFIVX DFA International Value Portfolio Institutional Class	$0.00	$0.00	$0.00
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares	$0.00	$0.00	$0.00

VDIPX vs. DFIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares	14.62%	35.15%	3.08%	17.78%	-15.35%	11.45%	10.26%	22.06%	-14.48%	26.48%
DFIVX DFA International Value Portfolio Institutional Class	17.19%	45.24%	6.87%	17.83%	-3.51%	18.57%	-2.13%	15.68%	-17.49%	26.08%

Correlation

The correlation between VDIPX and DFIVX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.94

The correlation between VDIPX and DFIVX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

VDIPX vs. DFIVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VDIPX

VDIPX Risk / Return Rank: 76
VDIPX Sharpe Ratio Rank: 76
VDIPX Sortino Ratio Rank: 73
VDIPX Omega Ratio Rank: 75
VDIPX Calmar Ratio Rank: 78
VDIPX Martin Ratio Rank: 79

DFIVX

DFIVX Risk / Return Rank: 93
DFIVX Sharpe Ratio Rank: 96
DFIVX Sortino Ratio Rank: 92
DFIVX Omega Ratio Rank: 89
DFIVX Calmar Ratio Rank: 94
DFIVX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VDIPX vs. DFIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX) and DFA International Value Portfolio Institutional Class (DFIVX). 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.

	VDIPX	DFIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.64	-0.89
Sortino ratio: Return per unit of downside risk	2.40	3.56	-1.16
Omega ratio: Gain probability vs. loss probability	1.32	1.47	-0.15
Calmar ratio: Return relative to maximum drawdown	2.52	3.91	-1.40
Martin ratio: Return relative to average drawdown	9.38	15.31	-5.93

VDIPX vs. DFIVX - Sharpe Ratio Comparison

The current VDIPX Sharpe Ratio is 1.75, which is lower than the DFIVX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of VDIPX and DFIVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VDIPX vs. DFIVX - Drawdown Comparison

The maximum VDIPX drawdown since its inception was -35.61%, smaller than the maximum DFIVX drawdown of -66.61%. Use the drawdown chart below to compare losses from any high point for VDIPX and DFIVX.

Drawdown Indicators

	VDIPX	DFIVX	Difference
Max Drawdown Largest peak-to-trough decline	-35.61%	-66.61%	+31.00%
Max Drawdown (1Y) Largest decline over 1 year	-11.67%	-9.58%	-2.09%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-14.39%	+1.24%
Max Drawdown (5Y) Largest decline over 5 years	-29.69%	-25.29%	-4.40%
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	-48.11%	+12.50%
Current Drawdown Current decline from peak	-1.68%	0.00%	-1.68%
Average Drawdown Average peak-to-trough decline	-7.13%	-12.19%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.44%	+0.68%

Volatility

VDIPX vs. DFIVX - Volatility Comparison

Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX) has a higher volatility of 5.76% compared to DFA International Value Portfolio Institutional Class (DFIVX) at 4.27%. This indicates that VDIPX's price experiences larger fluctuations and is considered to be riskier than DFIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDIPX	DFIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	4.27%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	11.77%	+3.03%
Volatility (1Y) Calculated over the trailing 1-year period	16.82%	14.29%	+2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	16.26%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.40%	17.68%	-1.28%

VDIPX vs. DFIVX - Expense Ratio Comparison

VDIPX has a 0.04% expense ratio, which is lower than DFIVX's 0.28% expense ratio.

Dividends

VDIPX vs. DFIVX - Dividend Comparison

VDIPX's dividend yield for the trailing twelve months is around 2.56%, less than DFIVX's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFIVX DFA International Value Portfolio Institutional Class	3.62%	4.21%	3.94%	4.40%	3.78%	4.37%	2.42%	3.70%	6.60%	2.85%	3.36%	3.45%
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares	2.56%	3.23%	3.37%	3.16%	2.92%	3.17%	2.05%	3.05%	3.36%	2.79%	3.08%	2.95%

Frequently Asked Questions

Can I hold both VDIPX and DFIVX in my portfolio?

VDIPX and DFIVX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VDIPX or DFIVX?

VDIPX has higher volatility (5.76%) compared to DFIVX (4.27%). In terms of maximum drawdown, VDIPX dropped -35.61% vs DFIVX's -66.61%.

Which has better risk-adjusted returns?

DFIVX currently has the higher Sharpe Ratio (2.64 vs 1.75), 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.