DFCF vs. PRSIX

Last updated Jun 14, 2026

DFCF (Dimensional Core Fixed Income ETF) and PRSIX (T. Rowe Price Spectrum Conservative Allocation Fund) are both funds - DFCF is a Intermediate Core Bond fund actively managed by Dimensional, while PRSIX is a Diversified Portfolio fund managed by T. Rowe Price. Over the past 3 years, DFCF returned 5.07%/yr vs 10.58%/yr for PRSIX. At a 0.45 correlation, their price movements are largely independent. DFCF charges 0.17%/yr vs 0.36%/yr for PRSIX.

Performance

DFCF vs. PRSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Core Fixed Income ETF (DFCF) and T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFCF achieves a 0.63% return, which is significantly lower than PRSIX's 5.01% return.

DFCF

• 1D: -0.09%
• 1M: 1.11%
• YTD: 0.63%
• 6M: 1.08%
• 1Y: 5.49%
• 3Y*: 5.07%
• 5Y*: —
• 10Y*: —

PRSIX

• 1D: 1.14%
• 1M: 0.90%
• YTD: 5.01%
• 6M: 5.51%
• 1Y: 13.22%
• 3Y*: 10.58%
• 5Y*: 4.58%
• 10Y*: 6.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFCF vs. PRSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DFCF Dimensional Core Fixed Income ETF	0.63%	7.89%	1.86%	6.94%	-14.48%	0.04%
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund	5.01%	11.91%	8.53%	11.97%	-13.65%	-1.02%

Correlation

The correlation between DFCF and PRSIX is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.45

The correlation between DFCF and PRSIX has been stable across timeframes, ranging from 0.45 to 0.55 - a consistent structural relationship.

Return for Risk

DFCF vs. PRSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFCF

DFCF Risk / Return Rank: 40
DFCF Sharpe Ratio Rank: 41
DFCF Sortino Ratio Rank: 42
DFCF Omega Ratio Rank: 38
DFCF Calmar Ratio Rank: 42
DFCF Martin Ratio Rank: 38

PRSIX

PRSIX Risk / Return Rank: 75
PRSIX Sharpe Ratio Rank: 76
PRSIX Sortino Ratio Rank: 76
PRSIX Omega Ratio Rank: 78
PRSIX Calmar Ratio Rank: 66
PRSIX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFCF vs. PRSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Core Fixed Income ETF (DFCF) and T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DFCF	PRSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	2.09	-0.79
Sortino ratio: Return per unit of downside risk	1.90	2.97	-1.07
Omega ratio: Gain probability vs. loss probability	1.23	1.41	-0.19
Calmar ratio: Return relative to maximum drawdown	1.83	2.56	-0.72
Martin ratio: Return relative to average drawdown	5.39	11.28	-5.89

DFCF vs. PRSIX - Sharpe Ratio Comparison

The current DFCF Sharpe Ratio is 1.30, which is lower than the PRSIX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of DFCF and PRSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFCF vs. PRSIX - Drawdown Comparison

The maximum DFCF drawdown since its inception was -19.56%, smaller than the maximum PRSIX drawdown of -30.00%. Use the drawdown chart below to compare losses from any high point for DFCF and PRSIX.

Drawdown Indicators

	DFCF	PRSIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-30.00%	+10.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.79%	-5.02%	+2.23%
Max Drawdown (3Y) Largest decline over 3 years	-5.05%	-6.80%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.28%	—
Current Drawdown Current decline from peak	-1.20%	-0.74%	-0.46%
Average Drawdown Average peak-to-trough decline	-7.99%	-2.82%	-5.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	1.14%	-0.19%

Volatility

DFCF vs. PRSIX - Volatility Comparison

The current volatility for Dimensional Core Fixed Income ETF (DFCF) is 1.44%, while T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) has a volatility of 2.52%. This indicates that DFCF experiences smaller price fluctuations and is considered to be less risky than PRSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFCF	PRSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	2.52%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	5.24%	-2.26%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	6.14%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.45%	7.10%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.45%	7.42%	-0.97%

DFCF vs. PRSIX - Expense Ratio Comparison

DFCF has a 0.17% expense ratio, which is lower than PRSIX's 0.36% expense ratio.

Dividends

DFCF vs. PRSIX - Dividend Comparison

DFCF's dividend yield for the trailing twelve months is around 4.30%, less than PRSIX's 6.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFCF Dimensional Core Fixed Income ETF	4.30%	4.48%	4.61%	4.51%	3.27%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund	6.89%	7.12%	3.92%	3.78%	5.63%	7.63%	3.77%	5.11%	5.27%	3.43%	2.22%	4.56%

Frequently Asked Questions

Can I hold both DFCF and PRSIX in my portfolio?

DFCF and PRSIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFCF or PRSIX?

PRSIX has higher volatility (2.52%) compared to DFCF (1.44%). In terms of maximum drawdown, DFCF dropped -19.56% vs PRSIX's -30.00%.

Which has better risk-adjusted returns?

PRSIX currently has the higher Sharpe Ratio (2.09 vs 1.30), 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.