DFEM vs CEF

Comparison between DIMENSIONAL EMERGING MARKETS CORE EQUITY 2 ETF (DFEM, ETF) and Sprott Physical Gold and Silver Trust (CEF, ETF).

DFEM vs CEF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DFEM(ETF)	CEF(ETF)
Net Assets	$9.30B	$9.20B
Expense Ratio	0.39%	N/A
Max Drawdown	21.85%	62.40%
Sharpe Ratio	1.65	1.03
5Y Beta	0.78	0.43
5Y Dividends CAGR	N/A	14.87%

Net Assets

Winner

DFEM

$9.30B

CEF

$9.20B

Expense Ratio

DFEM

0.39%

CEF

N/A

Max Drawdown

Winner

DFEM

21.85%

CEF

62.40%

Sharpe Ratio

Winner

DFEM

1.65

CEF

1.03

5Y Beta

DFEM

0.78

Winner

CEF

0.43

5Y Dividends CAGR

DFEM

N/A

CEF

14.87%

DFEM vs CEF - Historical Returns

Returns include dividend reinvestment.

Period	DFEM	CEF
1 month	+4.95%	-5.93%
3 months	+16.15%	-12.31%
6 months	+28.23%	+2.76%
1 year	+43.70%	+47.00%
5 years(CAGR)	+15.31%	+18.18%
10 years(CAGR)	N/A	+12.86%
Max(CAGR)	+15.31%	+9.25%

Winner

DFEM

+4.95%

CEF

-5.93%

Winner

DFEM

+16.15%

CEF

-12.31%

Winner

DFEM

+28.23%

CEF

+2.76%

DFEM

+43.70%

Winner

CEF

+47.00%

5Y(CAGR)

DFEM

+15.31%

Winner

CEF

+18.18%

10Y(CAGR)

DFEM

N/A

CEF

+12.86%

Max(CAGR)

Winner

DFEM

+15.31%

CEF

+9.25%

DFEM vs CEF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DFEM	CEF
2026	+21.71%	-2.38%
2025	+29.99%	+88.94%
2024	+8.75%	+24.79%
2023	+12.86%	+6.39%
2022	-8.68%	+2.17%
2021	N/A	-10.63%
2020	N/A	+31.10%
2019	N/A	+16.81%
2018	N/A	-7.38%
2017	N/A	+15.51%
2016	N/A	+11.32%
2015	N/A	-14.32%
2014	N/A	-14.41%
2013	N/A	-38.47%
2012	N/A	+3.29%
2011	N/A	-4.95%
2010	N/A	+47.63%
2009	N/A	+26.29%
2008	N/A	+1.28%
2007	N/A	+17.23%
2006	N/A	+31.89%
2005	N/A	+27.03%
2004	N/A	+3.58%
2003	N/A	+13.38%
2002	N/A	+41.46%
2001	N/A	+4.76%
2000	N/A	-17.45%
1999	N/A	-4.27%

DFEM vs CEF Drawdown Comparison

The maximum drawdown for DFEM was -20.81%, occurring on Oct 24, 2022. Recovery took 309 trading sessions.

The maximum drawdown for CEF was -62.29%, occurring on Dec 15, 2015. Recovery took 3313 trading sessions.

The current DFEM drawdown is -2.17%. The current CEF drawdown is -23.93%.

Rank	DFEM	CEF
#1	-20.81% May 4, 2022 - Jul 28, 2023	-62.29% Aug 22, 2011 - Oct 22, 2024
#2	-18.09% Oct 7, 2024 - Jun 4, 2025	-44.69% Mar 17, 2008 - Nov 25, 2009
#3	-12.12% Feb 25, 2026 - Apr 17, 2026	-35.89% Nov 3, 1999 - May 6, 2002
#4	-11.00% Jul 31, 2023 - Feb 20, 2024	-30.01% Jan 29, 2026 - Jun 10, 2026
#5	-8.86% Jul 12, 2024 - Sep 24, 2024	-25.32% Feb 4, 2003 - Jan 9, 2004
#6	-7.97% Jun 2, 2026 - Jun 5, 2026	-23.64% May 11, 2006 - Oct 26, 2007
#7	-5.26% May 8, 2026 - May 26, 2026	-21.75% Apr 1, 2004 - Dec 7, 2005
#8	-4.66% Oct 29, 2025 - Jan 2, 2026	-20.52% Apr 27, 2011 - Aug 18, 2011
#9	-4.50% Apr 9, 2024 - May 2, 2024	-19.76% May 24, 2002 - Jan 27, 2003
#10	-4.08% Oct 8, 2025 - Oct 20, 2025	-17.97% Dec 2, 2009 - Aug 27, 2010
#11	-3.90% May 17, 2024 - Jul 3, 2024	-12.88% Dec 31, 2010 - Feb 18, 2011
#12	-3.06% Jul 23, 2025 - Aug 12, 2025	-11.21% Oct 16, 2025 - Nov 28, 2025
#13	-2.75% Jan 28, 2026 - Feb 9, 2026	-10.73% Oct 29, 2024 - Feb 5, 2025
#14	-2.65% Jun 12, 2025 - Jun 24, 2025	-9.13% Feb 2, 2006 - Mar 2, 2006
#15	-2.07% Apr 17, 2026 - Apr 30, 2026	-8.01% Apr 19, 2006 - May 4, 2006

Correlation

Correlation between DFEM and CEF is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2000 - 2026)

DFEM vs CEF dividend yield comparison.

Year	DFEM	CEF
2026	0.11%	0.00%
2025	2.32%	0.00%
2024	2.50%	0.00%
2023	2.38%	0.00%
2022	1.99%	0.00%
2018	0.00%	0.08%
2017	0.00%	0.07%
2016	0.00%	0.09%
2015	0.00%	0.10%
2014	0.00%	0.09%
2013	0.00%	0.08%
2011	0.00%	0.05%
2010	0.00%	0.05%
2009	0.00%	0.07%
2008	0.00%	0.09%
2007	0.00%	0.09%
2006	0.00%	0.11%
2005	0.00%	0.15%
2004	0.00%	0.18%
2003	0.00%	0.19%
2002	0.00%	0.21%
2001	0.00%	0.30%
2000	0.00%	0.31%