DFABX vs. VMLUX
Compare and contrast key facts about DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX).
DFABX is managed by Dimensional. It was launched on Apr 11, 2022. VMLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
DFABX vs. VMLUX - Performance Comparison
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DFABX vs. VMLUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 0.58% | 2.46% | 2.90% | 2.87% | 0.55% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | -0.12% | 5.50% | 3.25% | 4.29% | 0.77% |
Returns By Period
In the year-to-date period, DFABX achieves a 0.58% return, which is significantly higher than VMLUX's -0.12% return.
DFABX
- 1D
- 0.05%
- 1M
- -0.05%
- YTD
- 0.58%
- 6M
- 1.12%
- 1Y
- 2.73%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
VMLUX
- 1D
- 0.00%
- 1M
- -1.53%
- YTD
- -0.12%
- 6M
- 0.59%
- 1Y
- 3.86%
- 3Y*
- 3.78%
- 5Y*
- 2.05%
- 10Y*
- 2.06%
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DFABX vs. VMLUX - Expense Ratio Comparison
DFABX has a 0.25% expense ratio, which is higher than VMLUX's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
DFABX vs. VMLUX — Risk / Return Rank
DFABX
VMLUX
DFABX vs. VMLUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). 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.
| DFABX | VMLUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.90 | 1.97 | +1.93 |
Sortino ratioReturn per unit of downside risk | 7.13 | 2.95 | +4.18 |
Omega ratioGain probability vs. loss probability | 3.50 | 1.66 | +1.85 |
Calmar ratioReturn relative to maximum drawdown | 4.84 | 2.32 | +2.52 |
Martin ratioReturn relative to average drawdown | 26.76 | 10.14 | +16.63 |
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
| DFABX | VMLUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.90 | 1.97 | +1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.44 | 1.46 | +0.98 |
Correlation
The correlation between DFABX and VMLUX 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
DFABX vs. VMLUX - Dividend Comparison
DFABX's dividend yield for the trailing twelve months is around 2.70%, less than VMLUX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 2.70% | 2.33% | 2.86% | 2.52% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 3.14% | 3.85% | 3.38% | 2.39% | 1.64% | 1.04% | 1.70% | 2.10% | 1.89% | 1.65% | 1.62% | 1.58% |
Drawdowns
DFABX vs. VMLUX - Drawdown Comparison
The maximum DFABX drawdown since its inception was -2.46%, smaller than the maximum VMLUX drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for DFABX and VMLUX.
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Drawdown Indicators
| DFABX | VMLUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.46% | -6.41% | +3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.50% | -2.02% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.41% | — |
Current DrawdownCurrent decline from peak | -0.06% | -1.53% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -0.54% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.46% | -0.37% |
Volatility
DFABX vs. VMLUX - Volatility Comparison
The current volatility for DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) is 0.18%, while Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) has a volatility of 0.50%. This indicates that DFABX experiences smaller price fluctuations and is considered to be less risky than VMLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFABX | VMLUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.50% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.40% | 1.03% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.71% | 2.34% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.97% | 1.85% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.97% | 1.92% | -0.95% |