DFAPX vs. BIV
Compare and contrast key facts about DFA Investment Grade Portfolio (DFAPX) and Vanguard Intermediate-Term Bond ETF (BIV).
DFAPX is managed by Dimensional Fund Advisors LP. It was launched on Mar 7, 2011. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAPX or BIV.
Correlation
The correlation between DFAPX and BIV is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFAPX vs. BIV - Performance Comparison
Key characteristics
DFAPX:
0.85
BIV:
0.79
DFAPX:
1.28
BIV:
1.17
DFAPX:
1.15
BIV:
1.14
DFAPX:
0.35
BIV:
0.32
DFAPX:
2.24
BIV:
1.90
DFAPX:
1.83%
BIV:
2.22%
DFAPX:
4.80%
BIV:
5.35%
DFAPX:
-19.45%
BIV:
-18.94%
DFAPX:
-7.33%
BIV:
-8.12%
Returns By Period
In the year-to-date period, DFAPX achieves a 0.91% return, which is significantly higher than BIV's 0.74% return. Both investments have delivered pretty close results over the past 10 years, with DFAPX having a 1.70% annualized return and BIV not far behind at 1.68%.
DFAPX
0.91%
0.91%
-0.98%
4.09%
-0.23%
1.70%
BIV
0.74%
0.78%
-1.50%
4.29%
-0.33%
1.68%
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DFAPX vs. BIV - Expense Ratio Comparison
DFAPX has a 0.20% expense ratio, which is higher than BIV's 0.04% 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
DFAPX vs. BIV — Risk-Adjusted Performance Rank
DFAPX
BIV
DFAPX vs. BIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Investment Grade Portfolio (DFAPX) and Vanguard Intermediate-Term Bond ETF (BIV). 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
DFAPX vs. BIV - Dividend Comparison
DFAPX's dividend yield for the trailing twelve months is around 3.76%, less than BIV's 3.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 3.76% | 3.80% | 3.31% | 2.62% | 1.88% | 2.12% | 2.73% | 2.67% | 2.22% | 2.12% | 2.14% | 2.42% |
BIV Vanguard Intermediate-Term Bond ETF | 3.81% | 3.79% | 3.10% | 2.41% | 3.42% | 2.96% | 2.75% | 2.87% | 2.69% | 2.38% | 3.02% | 3.96% |
Drawdowns
DFAPX vs. BIV - Drawdown Comparison
The maximum DFAPX drawdown since its inception was -19.45%, roughly equal to the maximum BIV drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for DFAPX and BIV. For additional features, visit the drawdowns tool.
Volatility
DFAPX vs. BIV - Volatility Comparison
DFA Investment Grade Portfolio (DFAPX) and Vanguard Intermediate-Term Bond ETF (BIV) have volatilities of 1.39% and 1.39%, 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.