ASHAX vs. DFAIX
ASHAX (Virtus Newfleet Short Duration High Income Fund Class A) and DFAIX (DFA Short-Duration Real Return Portfolio) are both Short-Term Bond funds. Over the past 10 years, ASHAX returned 4.46%/yr vs 3.27%/yr for DFAIX. Their 0.20 correlation means their historical movements had little consistent relationship. ASHAX charges 0.86%/yr vs 0.22%/yr for DFAIX.
Performance
ASHAX vs. DFAIX - Performance Comparison
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Returns By Period
In the year-to-date period, ASHAX achieves a 1.40% return, which is significantly lower than DFAIX's 2.29% return. Over the past 10 years, ASHAX has outperformed DFAIX with an annualized return of 4.46%, while DFAIX has yielded a comparatively lower 3.27% annualized return.
ASHAX
- 1D
- 0.00%
- 1M
- -0.59%
- 6M
- 0.86%
- YTD
- 1.40%
- 1Y
- 3.82%
- 3Y*
- 6.74%
- 5Y*
- 4.58%
- 10Y*
- 4.46%
- ALL TIME*
- 4.71%
DFAIX
- 1D
- -0.09%
- 1M
- -0.09%
- 6M
- 1.70%
- YTD
- 2.29%
- 1Y
- 3.60%
- 3Y*
- 5.39%
- 5Y*
- 3.49%
- 10Y*
- 3.27%
- ALL TIME*
- 2.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ASHAX vs. DFAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASHAX Virtus Newfleet Short Duration High Income Fund Class A | 1.40% | 6.26% | 7.32% | 12.30% | -5.49% | 5.12% | 5.71% | 7.11% | -0.29% | 3.99% |
DFAIX DFA Short-Duration Real Return Portfolio | 2.29% | 4.86% | 6.38% | 5.64% | -2.77% | 5.40% | 2.75% | 5.63% | 0.11% | 1.71% |
Correlation
The correlation between ASHAX and DFAIX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.20 |
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Return for Risk
ASHAX vs. DFAIX — Risk / Return Rank
ASHAX
DFAIX
ASHAX vs. DFAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) and DFA Short-Duration Real Return Portfolio (DFAIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASHAX | DFAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.79 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 7.70 | -5.56 |
| Martin ratioReturn relative to average drawdown | 10.15 | 25.35 | -15.21 |
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Drawdowns
ASHAX vs. DFAIX - Drawdown Comparison
The maximum ASHAX drawdown since its inception was -19.60%, which is greater than DFAIX's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for ASHAX and DFAIX.
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Drawdown Indicators
| ASHAX | DFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -5.63% | -13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -0.47% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.19% | -3.12% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -9.44% | -5.46% | -3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | -5.63% | -13.97% |
Current DrawdownCurrent decline from peak | -0.59% | -0.28% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -0.93% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.14% | +0.23% |
Volatility
ASHAX vs. DFAIX - Volatility Comparison
The current volatility for Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) is 0.31%, while DFA Short-Duration Real Return Portfolio (DFAIX) has a volatility of 0.40%. This indicates that ASHAX experiences smaller price fluctuations and is considered to be less risky than DFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASHAX | DFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.40% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.07% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 1.23% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.41% | 3.18% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 2.55% | +1.58% |
ASHAX vs. DFAIX - Expense Ratio Comparison
ASHAX has a 0.86% expense ratio, which is higher than DFAIX's 0.22% expense ratio.
Dividends
ASHAX vs. DFAIX - Dividend Comparison
ASHAX's dividend yield for the trailing twelve months is around 5.72%, more than DFAIX's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHAX Virtus Newfleet Short Duration High Income Fund Class A | 5.72% | 6.36% | 6.68% | 6.12% | 5.90% | 5.23% | 5.61% | 4.56% | 4.99% | 4.68% | 5.08% | 5.84% |
DFAIX DFA Short-Duration Real Return Portfolio | 4.55% | 4.65% | 4.14% | 3.66% | 1.68% | 0.98% | 0.82% | 2.53% | 2.72% | 1.71% | 1.41% | 1.29% |
Frequently Asked Questions
ASHAX and DFAIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFAIX has higher volatility (0.40%) compared to ASHAX (0.31%). In terms of maximum drawdown, ASHAX dropped -19.60% vs DFAIX's -5.63%.
DFAIX currently has the higher Sharpe Ratio (2.95 vs 1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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