DFCF vs. AOM
DFCF (Dimensional Core Fixed Income ETF) and AOM (iShares Core Moderate Allocation ETF) are both exchange-traded funds - DFCF is a Intermediate Core Bond fund actively managed by Dimensional, while AOM is a Diversified Portfolio fund tracking the S&P Target Risk Moderate. DFCF is actively managed, while AOM is passively managed. Over the past 3 years, DFCF returned 4.72%/yr vs 10.66%/yr for AOM. A 0.58 correlation means they provide meaningful diversification when combined. DFCF charges 0.17%/yr vs 0.25%/yr for AOM.
Performance
DFCF vs. AOM - Performance Comparison
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Returns By Period
In the year-to-date period, DFCF achieves a -0.06% return, which is significantly lower than AOM's 4.18% return.
DFCF
- 1D
- -0.07%
- 1M
- -0.75%
- YTD
- -0.06%
- 6M
- 0.27%
- 1Y
- 5.55%
- 3Y*
- 4.72%
- 5Y*
- —
- 10Y*
- —
AOM
- 1D
- 0.41%
- 1M
- -0.28%
- YTD
- 4.18%
- 6M
- 4.84%
- 1Y
- 13.33%
- 3Y*
- 10.66%
- 5Y*
- 4.61%
- 10Y*
- 6.19%
DFCF vs. AOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFCF Dimensional Core Fixed Income ETF | -0.06% | 7.89% | 1.86% | 6.94% | -14.48% | 0.23% |
AOM iShares Core Moderate Allocation ETF | 4.18% | 13.28% | 7.95% | 12.38% | -14.54% | 0.12% |
Correlation
The correlation between DFCF and AOM is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.58 |
The correlation between DFCF and AOM has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
DFCF vs. AOM — Risk / Return Rank
DFCF
AOM
DFCF vs. AOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Core Fixed Income ETF (DFCF) and iShares Core Moderate Allocation ETF (AOM). 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.
| DFCF | AOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.62 | -0.62 |
| Martin ratioReturn relative to average drawdown | 5.98 | 11.37 | -5.39 |
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
| DFCF | AOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.00 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.69 | -0.67 |
Drawdowns
DFCF vs. AOM - Drawdown Comparison
The maximum DFCF drawdown since its inception was -19.56%, roughly equal to the maximum AOM drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for DFCF and AOM.
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Drawdown Indicators
| DFCF | AOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -19.96% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -5.11% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -5.05% | -6.85% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.96% | — |
Current DrawdownCurrent decline from peak | -1.88% | -1.24% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -2.70% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.18% | -0.25% |
Volatility
DFCF vs. AOM - Volatility Comparison
The current volatility for Dimensional Core Fixed Income ETF (DFCF) is 1.34%, while iShares Core Moderate Allocation ETF (AOM) has a volatility of 2.40%. This indicates that DFCF experiences smaller price fluctuations and is considered to be less risky than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFCF | AOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.40% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 5.42% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 6.72% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 8.17% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.46% | 7.95% | -1.49% |
DFCF vs. AOM - Expense Ratio Comparison
DFCF has a 0.17% expense ratio, which is lower than AOM's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DFCF vs. AOM - Dividend Comparison
DFCF's dividend yield for the trailing twelve months is around 4.33%, more than AOM's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 3.01% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
DFCF Dimensional Core Fixed Income ETF | 4.33% | 4.48% | 4.61% | 4.51% | 3.27% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFCF and AOM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOM has higher volatility (2.40%) compared to DFCF (1.34%). In terms of maximum drawdown, DFCF dropped -19.56% vs AOM's -19.96%.
On 3-year performance, AOM leads with 10.66% vs 4.72% for DFCF. On fees, DFCF is cheaper at 0.17% per year. On volatility, DFCF has been the lower-risk option at 1.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AOM has performed better with a 10.66% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFCF is cheaper with a 0.17% expense ratio, compared with 0.25% for AOM.
DFCF has the higher dividend yield at 4.33%, compared with 3.01% for AOM.
DFCF is categorized as Intermediate Core Bond, while AOM is Diversified Portfolio. They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.17% for DFCF and 0.25% for AOM.
AOM currently has the higher Sharpe Ratio (2.00 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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