Cloning DFA

January 28, 2015

 

The small-cap value clone tracks DFA quite well during the test period (Figure 6). More importantly, the returns during the out-of-sample period are in line (Figure 7). And the growth-of-a-dollar chart is spot-on for all practical purposes, indicating that a well-designed mix of inexpensive ETFs is an effective clone both out-of-sample and in-sample (Figure 8).

MakingEquityIndexesRelevantForLocalInvestors

MakingEquityIndexesRelevantForLocalInvestors

 

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