CFMOX vs. DFSMX
Compare and contrast key facts about Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX) and DFA Short Term Municipal Bond Portfolio (DFSMX).
CFMOX is managed by Commerce. It was launched on Feb 20, 1995. DFSMX is managed by Dimensional. It was launched on Aug 19, 2002.
Performance
CFMOX vs. DFSMX - Performance Comparison
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CFMOX vs. DFSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFMOX Commerce Missouri Tax-Free Intermediate Bond Fund | -0.96% | 5.33% | 0.38% | 4.87% | -7.32% | 0.69% | 3.87% | 6.12% | 0.81% | 4.51% |
DFSMX DFA Short Term Municipal Bond Portfolio | 0.55% | 2.30% | 2.84% | 2.98% | -0.36% | -0.11% | 0.83% | 1.62% | 1.22% | 1.15% |
Returns By Period
In the year-to-date period, CFMOX achieves a -0.96% return, which is significantly lower than DFSMX's 0.55% return. Over the past 10 years, CFMOX has outperformed DFSMX with an annualized return of 1.62%, while DFSMX has yielded a comparatively lower 1.23% annualized return.
CFMOX
- 1D
- 0.16%
- 1M
- -2.73%
- YTD
- -0.96%
- 6M
- 0.70%
- 1Y
- 3.73%
- 3Y*
- 2.36%
- 5Y*
- 0.57%
- 10Y*
- 1.62%
DFSMX
- 1D
- 0.04%
- 1M
- -0.05%
- YTD
- 0.55%
- 6M
- 1.10%
- 1Y
- 2.45%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- 1.23%
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CFMOX vs. DFSMX - Expense Ratio Comparison
CFMOX has a 0.63% expense ratio, which is higher than DFSMX's 0.20% expense ratio.
Return for Risk
CFMOX vs. DFSMX — Risk / Return Rank
CFMOX
DFSMX
CFMOX vs. DFSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX) and DFA Short Term Municipal Bond Portfolio (DFSMX). 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.
| CFMOX | DFSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 3.68 | -2.68 |
Sortino ratioReturn per unit of downside risk | 1.36 | 6.50 | -5.14 |
Omega ratioGain probability vs. loss probability | 1.30 | 3.20 | -1.90 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 4.59 | -3.55 |
Martin ratioReturn relative to average drawdown | 4.33 | 21.83 | -17.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CFMOX | DFSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 3.68 | -2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 2.11 | -1.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 1.60 | -1.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 1.78 | -0.58 |
Correlation
The correlation between CFMOX and DFSMX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CFMOX vs. DFSMX - Dividend Comparison
CFMOX's dividend yield for the trailing twelve months is around 2.63%, more than DFSMX's 2.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFMOX Commerce Missouri Tax-Free Intermediate Bond Fund | 2.63% | 3.41% | 2.16% | 2.11% | 1.60% | 1.78% | 1.84% | 2.33% | 2.44% | 2.48% | 2.46% | 2.43% |
DFSMX DFA Short Term Municipal Bond Portfolio | 2.43% | 2.08% | 2.80% | 1.94% | 0.63% | 0.19% | 0.83% | 1.22% | 1.11% | 0.95% | 0.94% | 0.95% |
Drawdowns
CFMOX vs. DFSMX - Drawdown Comparison
The maximum CFMOX drawdown since its inception was -12.14%, which is greater than DFSMX's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for CFMOX and DFSMX.
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Drawdown Indicators
| CFMOX | DFSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -2.66% | -9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.58% | -0.39% | -4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -12.14% | -1.67% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -12.14% | -1.69% | -10.45% |
Current DrawdownCurrent decline from peak | -2.73% | -0.06% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -0.24% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.10% | +1.00% |
Volatility
CFMOX vs. DFSMX - Volatility Comparison
Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX) has a higher volatility of 1.01% compared to DFA Short Term Municipal Bond Portfolio (DFSMX) at 0.11%. This indicates that CFMOX's price experiences larger fluctuations and is considered to be riskier than DFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFMOX | DFSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.11% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 0.37% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 0.68% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 0.78% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 0.77% | +2.54% |