DFAPX vs. UCON
Compare and contrast key facts about DFA Investment Grade Portfolio (DFAPX) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
DFAPX is managed by Dimensional. It was launched on Mar 7, 2011. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Performance
DFAPX vs. UCON - Performance Comparison
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DFAPX vs. UCON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | -0.34% | 7.22% | 1.81% | 6.84% | -12.92% | -1.57% | 9.19% | 9.97% | 1.97% |
UCON First Trust TCW Unconstrained Plus Bond ETF | -0.52% | 7.00% | 4.69% | 7.72% | -5.72% | 1.02% | 6.54% | 7.39% | 1.11% |
Returns By Period
In the year-to-date period, DFAPX achieves a -0.34% return, which is significantly higher than UCON's -0.52% 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%
UCON
- 1D
- 0.53%
- 1M
- -1.66%
- YTD
- -0.52%
- 6M
- 0.71%
- 1Y
- 4.82%
- 3Y*
- 5.73%
- 5Y*
- 2.65%
- 10Y*
- —
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DFAPX vs. UCON - Expense Ratio Comparison
DFAPX has a 0.20% expense ratio, which is lower than UCON's 0.86% expense ratio.
Return for Risk
DFAPX vs. UCON — Risk / Return Rank
DFAPX
UCON
DFAPX vs. UCON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Investment Grade Portfolio (DFAPX) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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 | UCON | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.65 | -0.67 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.34 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.93 | -0.11 |
Martin ratioReturn relative to average drawdown | 5.33 | 8.54 | -3.21 |
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 | UCON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.65 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.69 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.62 | -0.14 |
Correlation
The correlation between DFAPX and UCON is 0.52, 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
DFAPX vs. UCON - Dividend Comparison
DFAPX's dividend yield for the trailing twelve months is around 3.78%, less than UCON's 4.66% 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% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.66% | 4.63% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.25% | 1.76% | 0.00% | 0.00% | 0.00% |
Drawdowns
DFAPX vs. UCON - Drawdown Comparison
The maximum DFAPX drawdown since its inception was -18.30%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for DFAPX and UCON.
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Drawdown Indicators
| DFAPX | UCON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.30% | -15.31% | -2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -2.45% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -9.60% | -8.62% |
Max Drawdown (10Y)Largest decline over 10 years | -18.30% | — | — |
Current DrawdownCurrent decline from peak | -2.17% | -1.70% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -1.50% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.55% | +0.34% |
Volatility
DFAPX vs. UCON - Volatility Comparison
DFA Investment Grade Portfolio (DFAPX) and First Trust TCW Unconstrained Plus Bond ETF (UCON) have volatilities of 1.57% and 1.54%, 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.
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Volatility by Period
| DFAPX | UCON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.54% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.06% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 2.92% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 3.84% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 5.94% | -1.06% |