DFCF vs. BND
Compare and contrast key facts about Dimensional Core Fixed Income ETF (DFCF) and Vanguard Total Bond Market ETF (BND).
DFCF and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFCF is an actively managed fund by Dimensional. It was launched on Nov 15, 2021. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. 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: DFCF or BND.
Key characteristics
| DFCF | BND | |
|---|---|---|
| YTD Return | 2.85% | 2.40% |
| 1Y Return | 9.42% | 8.91% |
| Sharpe Ratio | 1.54 | 1.38 |
| Sortino Ratio | 2.34 | 2.03 |
| Omega Ratio | 1.28 | 1.24 |
| Calmar Ratio | 0.59 | 0.51 |
| Martin Ratio | 6.14 | 4.99 |
| Ulcer Index | 1.38% | 1.62% |
| Daily Std Dev | 5.49% | 5.85% |
| Max Drawdown | -19.56% | -18.84% |
| Current Drawdown | -6.43% | -8.44% |
Correlation
The correlation between DFCF and BND is 0.96, 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
DFCF vs. BND - Performance Comparison
In the year-to-date period, DFCF achieves a 2.85% return, which is significantly higher than BND's 2.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DFCF vs. BND - Expense Ratio Comparison
DFCF has a 0.17% expense ratio, which is higher than BND's 0.03% 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
DFCF vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Core Fixed Income ETF (DFCF) and Vanguard Total Bond Market ETF (BND). 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
DFCF vs. BND - Dividend Comparison
DFCF's dividend yield for the trailing twelve months is around 4.61%, more than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFCF Dimensional Core Fixed Income ETF | 4.61% | 4.52% | 3.28% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
DFCF vs. BND - Drawdown Comparison
The maximum DFCF drawdown since its inception was -19.56%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for DFCF and BND. For additional features, visit the drawdowns tool.
Volatility
DFCF vs. BND - Volatility Comparison
Dimensional Core Fixed Income ETF (DFCF) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.72% and 1.67%, 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.