CBFSX vs. DFTEX
CBFSX (JPMorgan Corporate Bond Fund) and DFTEX (DFA Intermediate-Term Extended Quality Portfolio Fund) are both Corporate Bonds funds. Over the past 10 years, CBFSX returned 2.49%/yr vs 2.13%/yr for DFTEX. Their correlation of 0.94 means they have usually moved in the same direction. CBFSX charges 0.50%/yr vs 0.20%/yr for DFTEX.
Performance
CBFSX vs. DFTEX - Performance Comparison
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Returns By Period
Over the past 10 years, CBFSX has outperformed DFTEX with an annualized return of 2.49%, while DFTEX has yielded a comparatively lower 2.13% annualized return.
CBFSX
- 1D
- 0.24%
- 1M
- -1.50%
- 6M
- -1.82%
- YTD
- -1.46%
- 1Y
- 0.94%
- 3Y*
- 4.87%
- 5Y*
- -0.31%
- 10Y*
- 2.49%
- ALL TIME*
- 2.84%
DFTEX
- 1D
- 0.32%
- 1M
- -1.25%
- 6M
- -0.39%
- YTD
- 0.00%
- 1Y
- 2.50%
- 3Y*
- 5.54%
- 5Y*
- -0.10%
- 10Y*
- 2.13%
- ALL TIME*
- 2.59%
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 |
CBFSX vs. DFTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBFSX JPMorgan Corporate Bond Fund | -1.46% | 7.45% | 2.71% | 9.20% | -16.06% | -0.77% | 10.23% | 15.05% | -2.31% | 6.89% |
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund | 0.00% | 7.70% | 2.89% | 9.61% | -16.28% | -2.05% | 10.26% | 13.38% | -2.10% | 5.20% |
Correlation
The correlation between CBFSX and DFTEX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.94 |
The correlation between CBFSX and DFTEX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
CBFSX vs. DFTEX — Risk / Return Rank
CBFSX
DFTEX
CBFSX vs. DFTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Corporate Bond Fund (CBFSX) and DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX). 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.
| CBFSX | DFTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.11 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.82 | -0.48 |
| Martin ratioReturn relative to average drawdown | 0.79 | 2.40 | -1.61 |
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Drawdowns
CBFSX vs. DFTEX - Drawdown Comparison
The maximum CBFSX drawdown since its inception was -22.42%, roughly equal to the maximum DFTEX drawdown of -22.83%. Use the drawdown chart below to compare losses from any high point for CBFSX and DFTEX.
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Drawdown Indicators
| CBFSX | DFTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -22.83% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -3.22% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -4.50% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -22.52% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -22.83% | +0.41% |
Current DrawdownCurrent decline from peak | -3.21% | -1.80% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.42% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.09% | +0.41% |
Volatility
CBFSX vs. DFTEX - Volatility Comparison
JPMorgan Corporate Bond Fund (CBFSX) has a higher volatility of 1.16% compared to DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) at 1.10%. This indicates that CBFSX's price experiences larger fluctuations and is considered to be riskier than DFTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBFSX | DFTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.10% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 3.28% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.12% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.64% | 6.69% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 5.88% | +0.13% |
CBFSX vs. DFTEX - Expense Ratio Comparison
CBFSX has a 0.50% expense ratio, which is higher than DFTEX's 0.20% expense ratio.
Dividends
CBFSX vs. DFTEX - Dividend Comparison
CBFSX's dividend yield for the trailing twelve months is around 4.19%, less than DFTEX's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBFSX JPMorgan Corporate Bond Fund | 4.19% | 4.54% | 4.99% | 4.18% | 4.06% | 7.96% | 3.74% | 3.14% | 4.55% | 6.78% | 3.11% | 3.11% |
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund | 5.17% | 4.30% | 4.27% | 3.79% | 3.25% | 4.12% | 3.31% | 3.06% | 3.24% | 2.91% | 2.88% | 3.90% |
Frequently Asked Questions
With a correlation of 0.94, CBFSX and DFTEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CBFSX has higher volatility (1.16%) compared to DFTEX (1.10%). In terms of maximum drawdown, CBFSX dropped -22.42% vs DFTEX's -22.83%.
DFTEX currently has the higher Sharpe Ratio (0.64 vs 0.28), 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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