DFA California Short Term Municipal Bond Portfolio (DFCMX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DFCMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DFCMX
DFCMX charges 0.19% annually. There are 35 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | DFCMX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | DFCMX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | DFCMX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | DFCMX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | DFCMX vs FSMUX |
Best Risk-Adjusted Alternatives to DFCMX
DFCMX has a PortfoliosLab risk / return rank of 99. There are 6 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | DFCMX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | DFCMX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 99 | — | Apr 2022 | DFCMX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | DFCMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | DFCMX vs TFCYX |
Top Performing DFCMX Alternatives (YTD)
DFCMX is at 1.14% YTD. There are 35 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.42% | — | Apr 1998 | DFCMX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.26% | — | Nov 2002 | DFCMX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 6.51% | — | Oct 1992 | DFCMX vs MIY | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 5.51% | 12.30B | Sep 1994 | DFCMX vs VTMFX | |
| AllianceBernstein National Municipal Income Fund | 5.23% | — | Nov 2001 | DFCMX vs AFB |
Lowest Volatility Alternatives to DFCMX
DFCMX has 0.59% 1-year volatility. There are 2 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.53% | — | Aug 2002 | DFCMX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | DFCMX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | DFCMX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | DFCMX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.65% | — | Jun 2015 | DFCMX vs DNYMX |
Lowest Drawdown Alternatives to DFCMX
DFCMX has a 1-year max drawdown of -0.20%. There are 6 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | DFCMX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | DFCMX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | DFCMX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | DFCMX vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | DFCMX vs DFABX |
Other Mutual Funds from Dimensional
The 10 most viewed Dimensional mutual funds shown here include DFSVX, DFIVX, DGEIX and span 7 categories. AUM among these funds goes as high as $43B.
Often Compared With DFCMX
Investors most often compare DFCMX with VMLTX, SBLTX, FZIIX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare DFCMX with Any Fund or Stock
Compare DFCMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DFCMX with funds that move differently
DFA California Short Term Municipal Bond Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DFCMX.
Explore DFCMX Diversifiers