Correlation
The correlation between DFAPX and USIG is 0.04, 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.
DFAPX vs. USIG
Compare and contrast key facts about DFA Investment Grade Portfolio (DFAPX) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).
DFAPX is managed by Dimensional Fund Advisors LP. It was launched on Mar 7, 2011. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAPX or USIG.
Performance
DFAPX vs. USIG - Performance Comparison
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Key characteristics
DFAPX:
1.05
USIG:
1.09
DFAPX:
1.52
USIG:
1.53
DFAPX:
1.18
USIG:
1.19
DFAPX:
0.48
USIG:
0.58
DFAPX:
2.77
USIG:
3.40
DFAPX:
1.92%
USIG:
1.88%
DFAPX:
5.12%
USIG:
5.89%
DFAPX:
-19.45%
USIG:
-22.21%
DFAPX:
-5.85%
USIG:
-4.88%
Returns By Period
The year-to-date returns for both stocks are quite close, with DFAPX having a 2.52% return and USIG slightly lower at 2.47%. Over the past 10 years, DFAPX has underperformed USIG with an annualized return of 1.85%, while USIG has yielded a comparatively higher 2.61% annualized return.
DFAPX
2.52%
-0.10%
0.76%
4.99%
2.31%
-0.65%
1.85%
USIG
2.47%
0.46%
0.52%
5.85%
2.85%
0.32%
2.61%
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DFAPX vs. USIG - Expense Ratio Comparison
DFAPX has a 0.20% expense ratio, which is higher than USIG'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. USIG — Risk-Adjusted Performance Rank
DFAPX
USIG
DFAPX vs. USIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Investment Grade Portfolio (DFAPX) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
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Dividends
DFAPX vs. USIG - Dividend Comparison
DFAPX's dividend yield for the trailing twelve months is around 3.68%, less than USIG's 4.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 3.68% | 3.80% | 3.31% | 2.62% | 2.76% | 2.14% | 2.73% | 2.67% | 2.22% | 2.12% | 2.46% | 2.42% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.56% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.13% | 3.24% | 3.32% |
Drawdowns
DFAPX vs. USIG - Drawdown Comparison
The maximum DFAPX drawdown since its inception was -19.45%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for DFAPX and USIG.
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Volatility
DFAPX vs. USIG - Volatility Comparison
The current volatility for DFA Investment Grade Portfolio (DFAPX) is 1.46%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 1.58%. This indicates that DFAPX experiences smaller price fluctuations and is considered to be less risky than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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