DFAC vs VTEB

Comparison between DIMENSIONAL U.S. CORE EQUITY 2 ETF (DFAC, ETF) and VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF).

5-Year PerformanceDFAC has outperformed VTEB, delivering a return of +11.7% compared to +0.9%

DFAC vs VTEB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DFAC(ETF)	VTEB(ETF)
Net Assets	$45B	$46B
Expense Ratio	0.17%	0.03%
Max Drawdown	23.86%	17.00%
Sharpe Ratio	1.75	0.77
5Y Beta	0.96	0.03
P/E Ratio	25.31	N/A
Forward P/E	18.22	N/A
5Y Dividends CAGR	N/A	11.72%
5Y EPS CAGR	21.95%	N/A
P/S Ratio	2.25	N/A
P/B Ratio	3.87	N/A

Net Assets

DFAC

$45B

Winner

VTEB

$46B

Expense Ratio

DFAC

0.17%

Winner

VTEB

0.03%

Max Drawdown

DFAC

23.86%

Winner

VTEB

17.00%

Sharpe Ratio

Winner

DFAC

1.75

VTEB

0.77

5Y Beta

DFAC

0.96

Winner

VTEB

0.03

P/E Ratio

DFAC

25.31

VTEB

N/A

Forward P/E

DFAC

18.22

VTEB

N/A

5Y Dividends CAGR

DFAC

N/A

VTEB

11.72%

5Y EPS CAGR

DFAC

21.95%

VTEB

N/A

P/S Ratio

DFAC

2.25

VTEB

N/A

P/B Ratio

DFAC

3.87

VTEB

N/A

DFAC vs VTEB - Historical Returns

Returns include dividend reinvestment.

Period	DFAC	VTEB
1 month	+5.67%	-0.12%
3 months	+6.22%	-0.61%
6 months	+12.34%	+1.17%
1 year	+26.94%	+5.74%
5 years(CAGR)	+11.68%	+0.87%
10 years(CAGR)	N/A	+2.03%
Max(CAGR)	+11.68%	+2.36%

Winner

DFAC

+5.67%

VTEB

-0.12%

Winner

DFAC

+6.22%

VTEB

-0.61%

Winner

DFAC

+12.34%

VTEB

+1.17%

Winner

DFAC

+26.94%

VTEB

+5.74%

5Y(CAGR)

Winner

DFAC

+11.68%

VTEB

+0.87%

10Y(CAGR)

DFAC

N/A

VTEB

+2.03%

Max(CAGR)

Winner

DFAC

+11.68%

VTEB

+2.36%

DFAC vs VTEB - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	DFAC	VTEB
2026	+8.89%	+0.60%
2025	+15.76%	+3.58%
2024	+20.22%	+1.63%
2023	+22.46%	+5.87%
2022	-15.31%	-7.95%
2021	+9.52%	+1.14%
2020	N/A	+5.08%
2019	N/A	+7.32%
2018	N/A	+1.20%
2017	N/A	+5.10%
2016	N/A	+0.06%
2015	N/A	+2.44%

DFAC vs VTEB Drawdown Comparison

The maximum drawdown for DFAC was -23.11%, occurring on Sep 30, 2022. Recovery took 488 trading sessions.

The maximum drawdown for VTEB was -17.00%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.

The current DFAC drawdown is -0.02%. The current VTEB drawdown is -1.21%.

Rank	DFAC	VTEB
#1	-23.11% Jan 4, 2022 - Dec 13, 2023	-17.00% Mar 9, 2020 - Jul 30, 2020
#2	-20.02% Dec 4, 2024 - Jul 3, 2025	-12.64% Jul 22, 2021 - Dec 4, 2024
#3	-8.49% Feb 9, 2026 - Apr 15, 2026	-5.82% Jul 5, 2016 - Aug 23, 2017
#4	-8.27% Jul 16, 2024 - Sep 19, 2024	-4.76% Dec 6, 2024 - Sep 11, 2025
#5	-5.82% Mar 28, 2024 - May 15, 2024	-2.71% Feb 27, 2026 - Mar 24, 2026
#6	-5.54% Nov 16, 2021 - Dec 27, 2021	-2.27% Dec 6, 2017 - Dec 7, 2018
#7	-4.82% Oct 27, 2025 - Nov 28, 2025	-2.04% Feb 10, 2021 - Jun 4, 2021
#8	-4.49% Sep 2, 2021 - Oct 20, 2021	-1.57% Aug 15, 2019 - Jan 3, 2020
#9	-3.87% Jul 12, 2021 - Jul 29, 2021	-1.40% Aug 10, 2020 - Nov 19, 2020
#10	-3.19% Oct 6, 2025 - Oct 24, 2025	-1.14% Sep 8, 2017 - Dec 6, 2017
#11	-3.12% Jun 15, 2021 - Jun 25, 2021	-0.95% Feb 11, 2016 - Apr 5, 2016
#12	-2.97% Oct 18, 2024 - Nov 6, 2024	-0.82% Aug 25, 2015 - Sep 24, 2015
#13	-2.75% Jul 25, 2025 - Aug 12, 2025	-0.63% Jun 16, 2016 - Jun 24, 2016
#14	-2.59% Dec 27, 2023 - Jan 22, 2024	-0.54% Oct 30, 2015 - Nov 20, 2015
#15	-2.55% Nov 11, 2024 - Nov 25, 2024	-0.52% Jun 10, 2021 - Jul 7, 2021

Correlation

Correlation between DFAC and VTEB is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2015 - 2026)

DFAC vs VTEB dividend yield comparison.

Year	DFAC	VTEB
2026	0.23%	1.14%
2025	0.97%	3.29%
2024	1.03%	3.14%
2023	1.20%	2.79%
2022	1.50%	2.09%
2021	0.88%	1.64%
2020	0.00%	1.99%
2019	0.00%	2.30%
2018	0.00%	2.25%
2017	0.00%	1.96%
2016	0.00%	1.66%
2015	0.00%	0.58%