DFA vs Vanguard Mutual Funds and ETF’s
Fund Ticker 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
DFA U.S. Large Company Institutional Index DFUSX 11.90% 1.38% 13.53% 32.33% 15.82% 2.10% 15.00% 26.62% ‐36.76% 5.52% 15.72% 4.98% 10.77%
Vanguard 500 Index Inv. VFINX 11.82% 1.25% 13.51% 32.18% 15.82% 1.97% 14.91% 26.49% ‐37.02% 5.39% 15.64% 4.77% 10.74%
Vanguard Large Cap Index ETF VV 11.65% 1.07% 13.39% 32.65% 16.09% 1.58% 15.81% 27.80% ‐37.02% 6.44% 15.61% 6.26% –
S&P 500 Index TR INDEX 11.96% 1.38% 13.69% 32.39% 16.00% 2.11% 15.06% 26.46% ‐37.00% 5.49% 15.79% 4.91% 10.88%
DFA U.S. Large Cap Value DFLVX 18.89% -3.49% 10.07% 40.32% 22.05% -3.14% 20.17% 30.19% ‐40.80% ‐2.76% 20.18% 10.24% 18.25%
Vanguard Value Index Inv. VIVAX 16.75% -1.03% 13.05% 32.85% 15.00% 1.00% 14.28% 19.58% ‐35.97% 0.09% 22.15% 7.09% 15.29%
Vanguard Value Index ETF VTV 16.88% -0.89% 13.19% 33.03% 15.19% 1.16% 14.45% 19.72% ‐35.91% 0.20% 22.28% 7.19% –
Russell 1000 Value Index TR INDEX 17.34% -3.83% 13.45% 32.53% 17.51% 0.39% 15.51% 19.69% ‐36.85% ‐0.17% 22.25% 7.05% 16.49%
DFA U.S. Targeted Value DFFVX 26.86% -5.72% 2.94% 43.03% 19.19% -6.29% 29.01% 31.87% ‐33.78% ‐8.19% 19.70% 9.25% 24.68%
Vanguard Mid Cap Value VMVIX 15.11% -1.91% 13.84% 37.42% 15.91% -0.44% 21.63% 37.61% ‐36.64% ‐4.37% – – –
Vanguard Mid Cap Value ETF VOE 15.26% -1.80% 13.98% 37.65% 16.04% -0.32% 21.83% 37.75% ‐36.53% ‐4.27% – – –
Russell Mid Cap Value Index TR INDEX 20.00% -4.78% 14.75% 33.46% 18.51% -1.38% 24.75% 34.21% ‐38.45% ‐1.42% 20.22% 12.65% 23.71%
DFA U.S. Small Cap Value DFSVX 28.26% -7.81% 3.48% 42.38% 21.72% -7.55% 30.90% 33.62% ‐36.79% ‐10.75% 21.55% 7.79% 25.39%
Vanguard Small Value Index Inv. VISVX 24.65% -4.78% 10.39% 36.41% 18.56% -4.16% 24.82% 30.34% -32.05% ‐7.07% 19.24% 6.07% 23.55%
Vanguard Small Value Index ETF VBR 24.80% -4.67% 10.55% 36.57% 18.78% -4.05% 24.97% 30.52% ‐31.99% ‐6.96% 19.40% 6.20% –
Russell 2000 Value Index TR INDEX 31.74% -7.47% 4.22% 34.52% 18.05% -5.50% 24.50% 20.58% ‐28.92% ‐9.78% 23.48% 4.71% 22.25%
DFA U.S. Micro Cap DFSCX 25.63% -3.62% 2.92% 45.06% 18.24% -3.25% 31.29% 28.06% ‐36.72% ‐5.22% 16.16% 5.69% 18.39%
No Vanguard Micro Cap fund available. N/A  – – – – – – – – – – – – –
No Vanguard Micro Cap ETF available. N/A  – – – – – – – – – – – – –
Russell Micro Cap Index TR INDEX 20.37% -5.16% 3.65% 45.62% 19.75% -9.27% 28.89% 27.47% ‐39.78% ‐8.00% 16.54% 2.56% 14.13%
DFA Global Real Estate  DFGEX 6.56% 0.69% 22.74% 1.77% 23.17% 1.81% 23.79% 32.67% – ‐ – – –
No Vanguard Global RE fund available.  N/A  – – – – – – – – ‐ ‐ – – –
No Vanguard Global RE ETF available.  N/A  – – – – – – – – ‐ ‐ – –  –
DJ Global RE Index TR INDEX 4.79% -0.65% 13.44% 2.85% 30.61% -8.81% 20.20% 40.67% ‐49.09% ‐ – – –
DFA vs Vanguard Mutual Funds and ETF’s
Fund Ticker 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
DFA International Value DFIVX 8.41% -6.31% -6.99% 23.12% 16.61% -16.85% 10.57% 39.45% -46.33% 10.24% 34.15% 15.27% 28.80%
Vanguard International Value Inv. VTRIX 4.46% -6.44% -6.69% 22.15% 20.18% -14.58% 7.31% 33.77% ‐41.74% 12.66% 27.37% 17.96% 19.77%
No Vanguard Intl Value ETF available. N/A  – – – –  –  – – – – – – – –
MSCI EAFE Value Index INDEX 5.86% -5.22% -4.92% 23.59% 18.43% -11.65% 3.81% 34.23% ‐44.09% 5.96% 30.38% 13.80% 24.33%
DFA International Small Cap Value DISVX 8.00% 3.99% -4.99% 32.39% 22.26% -17.46% 18.10% 39.51% ‐41.68% 2.95% 28.39% 23.23% 34.80%
No Vanguard Intl Sm Value fund available. N/A – – – – – – – – – – – – –
No Vanguard Intl Sm Value ETF available. N/A – – – – – – – – – – – – –
MSCI EAFE Small Value Index INDEX 6.39% 5.69% -4.86% 32.11% 21.82% -17.26% 19.33% 50.03% ‐45.54% 1.00% 28.22% 20.99% 35.31%
DFA International Small Company DFISX 5.80% 5.91% -6.30% 27.44 18.86% -15.35% 23.91% 41.96% ‐43.87% 5.66% 24.88% 21.96% 30.92%
Vanguard International Explorer Small Cap VINEX -1.77% 8.60% -2.88% 30.24% 17.93% -19.74% 22.55% 47.12% ‐46.62% 5.15% 30.34% 20.49% 31.77%
No Vanguard Intl Sm Company ETF available. N/A  – – – – – – – – – – – – –
MSCI EAFE Small Cap Index INDEX 2.55% 9.94% -4.63% 29.69% 20.42% -15.66% 22.40% 43.20% ‐48.36% ‐0.35% 17.35% 23.89% 28.14%
DFA Emerging Markets DFEMX 12.09% -15.81% -1.71% -3.12% 19.16% -17.41% 21.82% 71.77% ‐49.20% 36.02% 29.17% 29.86% 29.93%
Vanguard Emerging Markets VEIEX 11.50% -15.51% 0.42% -5.19% 18.64% -18.78% 18.86% 75.98% ‐52.81% 38.90% 29.39% 32.05% 26.12%
Vanguard Emerging Markets ETF VWO 11.75% -15.35% 0.60% -5.00% 18.84% -18.68% 18.99% 76.28% ‐52.77% 39.05% 29.53%  – –
MSCI Emerging Markes Index INDEX 11.60% -14.60% -1.82% -2.27% 18.63% -18.17% 19.20% 79.02% ‐53.18% 39.78% 32.59% 34.54% 25.95%
DFA Emerging Markets Value DFEVX 19.84% -18.77% -4.42% -3.80% 19.36% -25.62% 22.06% 92.28% ‐53.94% 45.64% 37.93% 30.81% 39.53%
No Vanguard Em Mkts Value fund available. N/A  – –  –  –  –  –  –  –  –  –  –  –  –
No Vanguard Em Mkts Value ETF available. N/A  – –  –  –  –  –  –  –  –  –  –  –  –
MSCI Emerging Markets Value Index INDEX 15.48% -18.16% -3.60% -4.70% 16.38% -17.57% 18.80% 79.70% ‐50.08% 42.71% 32.53% 33.64% 31.19%
DFA Emerging Markets Small Cap DEMSX 10.92% -8.70% 3.00% -1.38% 24.44% -22.62% 30.18% 99.74% ‐54.54% 38.02% 37.31% 25.75% 28.88%
No Vanguard Em Mkts Sm Cap available. N/A  – –  –  –  –  –  –  –  –  –  –  –  –
No Vanguard Em Mkts Sm Cap ETF available. N/A  – –  –  –  –  –  –  –  –  –  –  –  –
Emerging Markets Small Cap Index INDEX 2.56% -6.57% 1.34% 1.35% 22.60% -26.96% 27.47% 114.32% ‐58.10% 42.31% 33.20% 31.75% 24.83%
DFA vs Vanguard Mutual Funds and ETF’s (as of 12/31/2016)
Fund Ticker 3 Year 5 Year 10 Year
DFA U.S. Large Company Institutional Index DFUSX 8.80% 14.57% 6.95%
Vanguard 500 Index Inv. VFINX 8.72% 14.49% 6.82%
Vanguard Large Cap Index ETF VV – – –
S&P 500 Index TR INDEX 8.87% 14.66% 6.95%
DFA U.S. Large Cap Value DFLVX 8.09% 16.68% 6.55%
Vanguard Value Index Inv. VIVAX 9.31% 14.82% 5.85%
Vanguard Value Index ETF VTV 9.45% 14.98% 5.99%
Russell 1000 Value Index TR INDEX 8.59% 14.80% 5.72%
DFA U.S. Targeted Value DFFVX 7.18% 15.98% 7.36%
Vanguard Mid Cap Value VMVIX 8.73% 15.41% 7.53%
Vanguard Mid Cap Value ETF VOE 8.86% 15.56% 7.67%
Russell Mid Cap Value Index TR INDEX 9.45% 15.70% 7.59%
DFA U.S. Small Cap Value DFSVX 6.96% 16.22% 6.82%
Vanguard Small Value Index Inv. VISVX 9.43% 16.21% 7.63%
Vanguard Small Value Index ETF VBR 9.57% 16.37% 7.77%
Russell 2000 Value Index TR INDEX 8.31% 15.07% 6.26%
DFA U.S. Micro Cap DFSCX 7.61% 16.41% 7.63%
Vanguard Micro Cap N/A – – –
Vanguard Micro Cap ETF N/A – – –
Russell Micro Cap Index TR INDEX 5.77% 15.59% 5.47%
DFA Global Real Estate DFGEX 9.61% 10.55% N/A
Vanguard Global Real Estate N/A  –  –  –
Vanguard Global Real Estate ETF N/A  –  –  –
DJ Global World Real Estate Index TR INDEX 5.70% 9.66% 1.56%
DFA International Value DFIVX -1.88% 6.28% 0.28%
Vanguard International Value Inv. VTRIX -3.03% 6.01% 0.75%
Vanguard International Value ETF N/A  –  –  –
MSCI EAFE Value Index INDEX -1.62 6.87% 0.35%
DFA International Small Cap Value DISVX 2.19% 11.55% 3.50%
Vanguard International Small Cap Value N/A  –  –  –
Vanguard International Small Cap Value ETF N/A  –  –  –
MSCI EAFE Small Value Index INDEX 2.27% 11.48% 3.45%
DFA International Small Company DFISX 1.64% 9.72% 3.46%
Vanguard International Explorer Small Cap VINEX 1.19% 9.74% 2.60%
Vanguard International Small Company ETF N/A  –  –  –
MSCI EAFE Small Cap Index INDEX 2.45% 10.92% 3.30%
DFA Emerging Markets DFEMX -2.48% 1.38% 2.49%
Vanguard Emerging Markets VEIEX -1.82% 1.26% 1.72%
Vanguard Emerging Markets ETF VWO – – –
MSCI Emerging Markes Index INDEX -2.19 1.64 2.17%
DFA Emerging Markets Value DFEVX -2.37 1.33% 2.27%
Vanguard Emerging Markets Value N/A  –  –  –
Vanguard Emerging Markets Value ETF N/A  –  –  –
MSCI Emerging Markets Value Index INDEX -3.06% 0.21% 2.39%
DFA Emerging Markets Small Cap DEMSX 1.42% 5.06% 4.92%
Vanguard Emerging Markets Small Cap N/A  –  –  –
Vanguard Emerging Markets Small Cap ETF N/A  –  –  –
Emerging Markets Small Cap Index INDEX -0.97% 3.83% 3.70%