DFAIX vs. SLQD
Compare and contrast key facts about DFA Short-Duration Real Return Portfolio (DFAIX) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD).
DFAIX is managed by Dimensional Fund Advisors LP. It was launched on Nov 5, 2013. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAIX or SLQD.
Key characteristics
| DFAIX | SLQD | |
|---|---|---|
| YTD Return | 2.83% | 1.12% |
| 1Y Return | 6.62% | 4.92% |
| 3Y Return (Ann) | 2.80% | 0.64% |
| 5Y Return (Ann) | 3.23% | 1.95% |
| 10Y Return (Ann) | 2.21% | 1.93% |
| Sharpe Ratio | 5.77 | 1.98 |
| Daily Std Dev | 1.13% | 2.40% |
| Max Drawdown | -5.63% | -12.69% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between DFAIX and SLQD is 0.36, 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.
Performance
DFAIX vs. SLQD - Performance Comparison
In the year-to-date period, DFAIX achieves a 2.83% return, which is significantly higher than SLQD's 1.12% return. Over the past 10 years, DFAIX has outperformed SLQD with an annualized return of 2.21%, while SLQD has yielded a comparatively lower 1.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFAIX vs. SLQD - Expense Ratio Comparison
DFAIX has a 0.22% expense ratio, which is higher than SLQD's 0.06% 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%.
Risk-Adjusted Performance
DFAIX vs. SLQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Short-Duration Real Return Portfolio (DFAIX) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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. SLQD - Dividend Comparison
DFAIX's dividend yield for the trailing twelve months is around 3.56%, more than SLQD's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAIX DFA Short-Duration Real Return Portfolio | 3.56% | 3.66% | 1.68% | 0.98% | 0.82% | 2.53% | 2.72% | 1.71% | 1.41% | 1.29% | 0.88% | 0.20% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.27% | 2.99% | 2.00% | 1.67% | 2.32% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
Drawdowns
DFAIX vs. SLQD - Drawdown Comparison
The maximum DFAIX drawdown since its inception was -5.63%, smaller than the maximum SLQD drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for DFAIX and SLQD. For additional features, visit the drawdowns tool.
Volatility
DFAIX vs. SLQD - Volatility Comparison
The current volatility for DFA Short-Duration Real Return Portfolio (DFAIX) is 0.18%, while iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) has a volatility of 0.53%. This indicates that DFAIX experiences smaller price fluctuations and is considered to be less risky than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.