Dimensional California Municipal Bond ETF (DFCA)
DFCA is an actively managed ETF by Dimensional. DFCA launched on Jun 26, 2023 and has a 0.19% expense ratio.
ETF Info
ISIN | US25434V6332 |
---|---|
Issuer | Dimensional |
Inception Date | Jun 26, 2023 |
Category | Municipal Bonds |
Leveraged | 1x |
Index Tracked | No Index (Active) |
Asset Class | Bond |
Expense Ratio
DFCA has an expense ratio of 0.19%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dimensional California Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Dimensional California Municipal Bond ETF had a return of 1.66% year-to-date (YTD) and 5.04% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 1.66% | 17.95% |
1 month | 0.47% | 3.13% |
6 months | 1.60% | 9.95% |
1 year | 5.04% | 24.88% |
5 years (annualized) | N/A | 13.37% |
10 years (annualized) | N/A | 10.92% |
Monthly Returns
The table below presents the monthly returns of DFCA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.04% | 0.09% | -0.30% | -0.56% | -0.12% | 0.73% | 0.91% | 0.37% | 1.66% | ||||
2023 | 0.02% | 0.17% | -0.52% | -1.69% | -0.54% | 3.50% | 1.72% | 2.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DFCA is 77, placing it in the top 23% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dimensional California Municipal Bond ETF (DFCA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dimensional California Municipal Bond ETF granted a 2.73% dividend yield in the last twelve months. The annual payout for that period amounted to $1.39 per share.
Period | TTM | 2023 |
---|---|---|
Dividend | $1.39 | $0.63 |
Dividend yield | 2.73% | 1.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Dimensional California Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.02 | $0.12 | $0.09 | $0.11 | $0.14 | $0.11 | $0.12 | $0.14 | $0.00 | $0.85 | |||
2023 | $0.05 | $0.04 | $0.09 | $0.14 | $0.11 | $0.19 | $0.63 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Dimensional California Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Dimensional California Municipal Bond ETF was 3.07%, occurring on Oct 30, 2023. Recovery took 21 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-3.07% | Jul 27, 2023 | 67 | Oct 30, 2023 | 21 | Nov 29, 2023 | 88 |
-1.28% | Mar 8, 2024 | 58 | May 30, 2024 | 24 | Jul 5, 2024 | 82 |
-0.6% | Jan 9, 2024 | 11 | Jan 24, 2024 | 5 | Jan 31, 2024 | 16 |
-0.57% | Feb 2, 2024 | 8 | Feb 13, 2024 | 14 | Mar 5, 2024 | 22 |
-0.42% | Aug 6, 2024 | 3 | Aug 8, 2024 | 18 | Sep 4, 2024 | 21 |
Volatility
Volatility Chart
The current Dimensional California Municipal Bond ETF volatility is 0.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.