DFAC vs. SPY
Compare and contrast key facts about Dimensional U.S. Core Equity 2 ETF (DFAC) and SPDR S&P 500 ETF (SPY).
DFAC and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAC is an actively managed fund by Dimensional Fund Advisors LP. It was launched on Jun 14, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAC or SPY.
Key characteristics
| DFAC | SPY | |
|---|---|---|
| YTD Return | 16.02% | 19.02% |
| 1Y Return | 27.44% | 30.47% |
| 3Y Return (Ann) | 8.43% | 9.49% |
| Sharpe Ratio | 1.98 | 2.30 |
| Daily Std Dev | 13.05% | 12.46% |
| Max Drawdown | -23.12% | -55.19% |
| Current Drawdown | -0.32% | -0.48% |
Correlation
The correlation between DFAC and SPY is 0.96, 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.
Performance
DFAC vs. SPY - Performance Comparison
In the year-to-date period, DFAC achieves a 16.02% return, which is significantly lower than SPY's 19.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFAC vs. SPY - Expense Ratio Comparison
DFAC has a 0.19% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFAC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional U.S. Core Equity 2 ETF (DFAC) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DFAC vs. SPY - Dividend Comparison
DFAC's dividend yield for the trailing twelve months is around 1.07%, less than SPY's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAC Dimensional U.S. Core Equity 2 ETF | 1.07% | 1.20% | 1.50% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DFAC vs. SPY - Drawdown Comparison
The maximum DFAC drawdown since its inception was -23.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DFAC and SPY. For additional features, visit the drawdowns tool.
Volatility
DFAC vs. SPY - Volatility Comparison
Dimensional U.S. Core Equity 2 ETF (DFAC) has a higher volatility of 6.22% compared to SPDR S&P 500 ETF (SPY) at 5.86%. This indicates that DFAC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.