Alternatives to DFA funds

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Alternatives to DFA funds

Postby Copernicus » Wed May 22, 2013 5:22 pm

What are good alternative Vanguard (or other) funds (or ETFs) to the following DFA funds?:
DFA International Small Cap Value Fund (DISVX)
DFA Emerging Markets Core Fund (DFCEX)
Thank you.
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Re: Alternatives to DFA funds

Postby EmergDoc » Wed May 22, 2013 5:24 pm

Not much to the first.

http://etfdb.com/mutualfund/DISVX/

I suppose EM Index at VG may be a reasonable comparison to the second but performance lags by 3% a year for the last 5 years. I believe the core fund contains a lot more small and value stocks, thus the higher risk/return profile, aside from the other stuff DFA does.

VG compares very well when it comes to bonds and large caps, but if you're looking to REALLY slice and dice, DFA has better options, perhaps even enough to justify a low-cost advisor, as long as you place some value on the other stuff an advisor does other than provide access to DFA funds.
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Re: Alternatives to DFA funds

Postby livesoft » Wed May 22, 2013 5:29 pm

Poke around at this site: www.altruistfa.com/dfavanguard.htm
It's all about short-term opportunistic rebalancing due to a short-term change in one's asset allocation, uh, I mean opportunistic rebalancing, uh I mean rebalancing, uh I mean market timing.
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Re: Alternatives to DFA funds

Postby OverTheHill » Wed May 22, 2013 5:51 pm

EmergDoc wrote:Not much to the first.

http://etfdb.com/mutualfund/DISVX/

I suppose EM Index at VG may be a reasonable comparison to the second but performance lags by 3% a year for the last 5 years. I believe the core fund contains a lot more small and value stocks, thus the higher risk/return profile, aside from the other stuff DFA does.

VG compares very well when it comes to bonds and large caps, but if you're looking to REALLY slice and dice, DFA has better options, perhaps even enough to justify a low-cost advisor, as long as you place some value on the other stuff an advisor does other than provide access to DFA funds.

Whatever it cost, it isn't worth it.
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Re: Alternatives to DFA funds

Postby vencat » Wed May 22, 2013 6:38 pm

Actually, I believe, DLS (Wisdomtree international small cap dividend) is a good replacement for DISVX and DGS (Wisdomtree Emerging market smallcap dividend) for DFEVX. Both beat DFA equivalents YTD, 1, 3 and 5 years.
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Re: Alternatives to DFA funds

Postby matjen » Thu May 23, 2013 7:48 am

DISVX - WisdomTree International SmallCap Div (DLS)
DFCEX - Vanguard FTSE Emerging Markets ETF (VWO) or Wisdom Tree Emerging Markets Small Cap Div (DGS)

Or perhaps Vanguard VSS for a rough approximation of both
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