DFAIX vs. SCHO
Compare and contrast key facts about DFA Short-Duration Real Return Portfolio (DFAIX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
DFAIX is managed by Dimensional Fund Advisors LP. It was launched on Nov 5, 2013. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAIX or SCHO.
Performance
DFAIX vs. SCHO - Performance Comparison
Returns By Period
In the year-to-date period, DFAIX achieves a 5.75% return, which is significantly higher than SCHO's 4.50% return. Over the past 10 years, DFAIX has outperformed SCHO with an annualized return of 2.64%, while SCHO has yielded a comparatively lower 2.06% annualized return.
DFAIX
5.75%
0.46%
2.84%
6.63%
3.44%
2.64%
SCHO
4.50%
-0.28%
3.19%
6.86%
2.23%
2.06%
Key characteristics
| DFAIX | SCHO | |
|---|---|---|
| Sharpe Ratio | 7.46 | 3.42 |
| Sortino Ratio | 18.08 | 6.02 |
| Omega Ratio | 5.67 | 1.82 |
| Calmar Ratio | 36.20 | 7.18 |
| Martin Ratio | 179.52 | 21.04 |
| Ulcer Index | 0.04% | 0.33% |
| Daily Std Dev | 0.92% | 2.06% |
| Max Drawdown | -5.63% | -5.28% |
| Current Drawdown | 0.00% | -0.82% |
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DFAIX vs. SCHO - Expense Ratio Comparison
DFAIX has a 0.22% expense ratio, which is higher than SCHO's 0.05% 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%.
Correlation
The correlation between DFAIX and SCHO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
DFAIX vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Short-Duration Real Return Portfolio (DFAIX) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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.
Dividends
DFAIX vs. SCHO - Dividend Comparison
DFAIX's dividend yield for the trailing twelve months is around 3.47%, less than SCHO's 5.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAIX DFA Short-Duration Real Return Portfolio | 3.47% | 3.66% | 1.68% | 0.99% | 0.81% | 2.53% | 2.72% | 1.70% | 1.41% | 1.28% | 0.87% | 0.20% |
SCHO Schwab Short-Term U.S. Treasury ETF | 5.74% | 5.58% | 2.14% | 0.61% | 1.91% | 3.20% | 2.43% | 1.73% | 1.36% | 0.95% | 0.82% | 0.52% |
Drawdowns
DFAIX vs. SCHO - Drawdown Comparison
The maximum DFAIX drawdown since its inception was -5.63%, which is greater than SCHO's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for DFAIX and SCHO. For additional features, visit the drawdowns tool.
Volatility
DFAIX vs. SCHO - Volatility Comparison
The current volatility for DFA Short-Duration Real Return Portfolio (DFAIX) is 0.23%, while Schwab Short-Term U.S. Treasury ETF (SCHO) has a volatility of 0.40%. This indicates that DFAIX experiences smaller price fluctuations and is considered to be less risky than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.