CFICX vs. DFTEX

Last updated Jun 20, 2026

CFICX (Calvert Income Fund) and DFTEX (DFA Intermediate-Term Extended Quality Portfolio Fund) are both Corporate Bonds funds. Over the past 10 years, CFICX returned 2.96%/yr vs 2.40%/yr for DFTEX. Their correlation of 0.91 suggests significant overlap in exposure. CFICX charges 0.92%/yr vs 0.20%/yr for DFTEX.

Performance

CFICX vs. DFTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Income Fund (CFICX) and DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFICX achieves a 0.45% return, which is significantly lower than DFTEX's 1.18% return. Over the past 10 years, CFICX has outperformed DFTEX with an annualized return of 2.96%, while DFTEX has yielded a comparatively lower 2.40% annualized return.

CFICX

• 1D: 0.13%
• 1M: 1.04%
• YTD: 0.45%
• 6M: 0.92%
• 1Y: 5.59%
• 3Y*: 6.00%
• 5Y*: 0.74%
• 10Y*: 2.96%

DFTEX

• 1D: 0.31%
• 1M: 1.21%
• YTD: 1.18%
• 6M: 1.28%
• 1Y: 6.11%
• 3Y*: 6.02%
• 5Y*: 0.53%
• 10Y*: 2.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CFICX vs. DFTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFICX Calvert Income Fund	0.45%	8.94%	4.11%	7.61%	-16.07%	1.71%	8.26%	14.75%	-3.36%	6.57%
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund	1.18%	7.70%	2.89%	9.61%	-16.28%	-2.05%	10.26%	13.38%	-2.10%	5.20%

Correlation

The correlation between CFICX and DFTEX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.91

The correlation between CFICX and DFTEX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

CFICX vs. DFTEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CFICX

CFICX Risk / Return Rank: 33
CFICX Sharpe Ratio Rank: 34
CFICX Sortino Ratio Rank: 38
CFICX Omega Ratio Rank: 35
CFICX Calmar Ratio Rank: 29
CFICX Martin Ratio Rank: 28

DFTEX

DFTEX Risk / Return Rank: 31
DFTEX Sharpe Ratio Rank: 32
DFTEX Sortino Ratio Rank: 34
DFTEX Omega Ratio Rank: 31
DFTEX Calmar Ratio Rank: 30
DFTEX Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CFICX vs. DFTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Income Fund (CFICX) 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.

	CFICX	DFTEX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.48	+0.06
Sortino ratio: Return per unit of downside risk	2.35	2.23	+0.12
Omega ratio: Gain probability vs. loss probability	1.28	1.27	+0.02
Calmar ratio: Return relative to maximum drawdown	1.85	1.92	-0.08
Martin ratio: Return relative to average drawdown	5.89	6.21	-0.32

CFICX vs. DFTEX - Sharpe Ratio Comparison

The current CFICX Sharpe Ratio is 1.54, which is comparable to the DFTEX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of CFICX and DFTEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CFICX vs. DFTEX - Drawdown Comparison

The maximum CFICX drawdown since its inception was -21.28%, smaller than the maximum DFTEX drawdown of -22.83%. Use the drawdown chart below to compare losses from any high point for CFICX and DFTEX.

Drawdown Indicators

	CFICX	DFTEX	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	-22.83%	+1.55%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-3.22%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-6.11%	-5.38%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-21.28%	-22.83%	+1.55%
Max Drawdown (10Y) Largest decline over 10 years	-21.28%	-22.83%	+1.55%
Current Drawdown Current decline from peak	-1.21%	-0.64%	-0.57%
Average Drawdown Average peak-to-trough decline	-3.45%	-4.44%	+0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.99%	-0.03%

Volatility

CFICX vs. DFTEX - Volatility Comparison

Calvert Income Fund (CFICX) and DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) have volatilities of 1.33% and 1.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFICX	DFTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	1.33%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.92%	3.16%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	4.18%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.65%	6.70%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	5.89%	-0.67%

CFICX vs. DFTEX - Expense Ratio Comparison

CFICX has a 0.92% expense ratio, which is higher than DFTEX's 0.20% expense ratio.

Dividends

CFICX vs. DFTEX - Dividend Comparison

CFICX's dividend yield for the trailing twelve months is around 4.75%, less than DFTEX's 4.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFICX Calvert Income Fund	4.75%	4.86%	4.91%	4.05%	3.22%	2.70%	2.96%	3.25%	3.60%	2.96%	3.23%	2.87%
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund	4.92%	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

Can I hold both CFICX and DFTEX in my portfolio?

CFICX and DFTEX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFICX or DFTEX?

DFTEX has higher volatility (1.33%) compared to CFICX (1.33%). In terms of maximum drawdown, CFICX dropped -21.28% vs DFTEX's -22.83%.

Which has better risk-adjusted returns?

CFICX currently has the higher Sharpe Ratio (1.54 vs 1.48), 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.