DFAPX vs. IGIB
Compare and contrast key facts about DFA Investment Grade Portfolio (DFAPX) and iShares Intermediate-Term Corporate Bond ETF (IGIB).
DFAPX is managed by Dimensional. It was launched on Mar 7, 2011. IGIB is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays U.S. Intermediate Credit Index. It was launched on Jan 11, 2007.
Performance
DFAPX vs. IGIB - Performance Comparison
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DFAPX vs. IGIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | -0.34% | 7.22% | 1.81% | 6.84% | -12.92% | -1.57% | 9.19% | 9.97% | -0.24% | 3.37% |
IGIB iShares Intermediate-Term Corporate Bond ETF | -0.45% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
Returns By Period
In the year-to-date period, DFAPX achieves a -0.34% return, which is significantly higher than IGIB's -0.45% return. Over the past 10 years, DFAPX has underperformed IGIB with an annualized return of 2.04%, while IGIB has yielded a comparatively higher 3.07% annualized return.
DFAPX
- 1D
- 0.45%
- 1M
- -2.17%
- YTD
- -0.34%
- 6M
- 0.41%
- 1Y
- 4.02%
- 3Y*
- 4.07%
- 5Y*
- 0.67%
- 10Y*
- 2.04%
IGIB
- 1D
- 0.55%
- 1M
- -1.98%
- YTD
- -0.45%
- 6M
- 0.74%
- 1Y
- 6.18%
- 3Y*
- 5.78%
- 5Y*
- 1.57%
- 10Y*
- 3.07%
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DFAPX vs. IGIB - Expense Ratio Comparison
DFAPX has a 0.20% expense ratio, which is higher than IGIB'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%.
Return for Risk
DFAPX vs. IGIB — Risk / Return Rank
DFAPX
IGIB
DFAPX vs. IGIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Investment Grade Portfolio (DFAPX) and iShares Intermediate-Term Corporate Bond ETF (IGIB). 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.
| DFAPX | IGIB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.29 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.79 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.11 | -0.29 |
Martin ratioReturn relative to average drawdown | 5.33 | 7.55 | -2.22 |
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
| DFAPX | IGIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.29 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.24 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.51 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.69 | -0.22 |
Correlation
The correlation between DFAPX and IGIB is 0.86, 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.
Dividends
DFAPX vs. IGIB - Dividend Comparison
DFAPX's dividend yield for the trailing twelve months is around 3.78%, less than IGIB's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 3.78% | 3.78% | 3.79% | 3.31% | 2.62% | 3.31% | 2.14% | 2.59% | 2.67% | 2.21% | 2.12% | 2.45% |
IGIB iShares Intermediate-Term Corporate Bond ETF | 4.32% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
Drawdowns
DFAPX vs. IGIB - Drawdown Comparison
The maximum DFAPX drawdown since its inception was -18.30%, smaller than the maximum IGIB drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for DFAPX and IGIB.
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Drawdown Indicators
| DFAPX | IGIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.30% | -20.62% | +2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -3.01% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -20.62% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -18.30% | -20.62% | +2.32% |
Current DrawdownCurrent decline from peak | -2.17% | -1.98% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -2.59% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.84% | +0.05% |
Volatility
DFAPX vs. IGIB - Volatility Comparison
The current volatility for DFA Investment Grade Portfolio (DFAPX) is 1.57%, while iShares Intermediate-Term Corporate Bond ETF (IGIB) has a volatility of 2.12%. This indicates that DFAPX experiences smaller price fluctuations and is considered to be less risky than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFAPX | IGIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 2.12% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.91% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.83% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 6.55% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 6.04% | -1.16% |