DFCF vs. USD=X

Last updated Jun 13, 2026

DFCF (Dimensional Core Fixed Income ETF) is Intermediate Core Bond fund actively managed by Dimensional, while USD=X (USD Cash) is a currency. Over the past 3 years, DFCF returned 5.07%/yr vs 0.00%/yr for USD=X.

Performance

DFCF vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Core Fixed Income ETF (DFCF) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFCF

• 1D: -0.09%
• 1M: 0.39%
• YTD: 0.63%
• 6M: 1.08%
• 1Y: 5.09%
• 3Y*: 5.07%
• 5Y*: —
• 10Y*: —

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

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

DFCF vs. USD=X - 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%
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Return for Risk

DFCF vs. USD=X — 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

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Core Fixed Income ETF (DFCF) and USD Cash (USD=X). 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	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	1.30	—	—
Sortino ratio: Return per unit of downside risk	1.90	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.83	—	—
Martin ratio: Return relative to average drawdown	5.39	—	—

Drawdowns

DFCF vs. USD=X - Drawdown Comparison

The maximum DFCF drawdown since its inception was -19.56%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DFCF and USD=X.

Drawdown Indicators

	DFCF	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	0.00%	-19.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.79%	0.00%	-2.79%
Max Drawdown (3Y) Largest decline over 3 years	-5.05%	0.00%	-5.05%
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	0.00%	—
Current Drawdown Current decline from peak	-1.20%	0.00%	-1.20%
Average Drawdown Average peak-to-trough decline	-7.99%	0.00%	-7.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.00%	+0.95%

Volatility

DFCF vs. USD=X - Volatility Comparison

Dimensional Core Fixed Income ETF (DFCF) has a higher volatility of 1.44% compared to USD Cash (USD=X) at 0.00%. This indicates that DFCF's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFCF	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	0.00%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	0.00%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	0.00%	+3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.45%	0.00%	+6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.45%	0.00%	+6.45%

Frequently Asked Questions

Which is riskier, DFCF or USD=X?

DFCF has higher volatility (1.44%) compared to USD=X (0.00%). In terms of maximum drawdown, DFCF dropped -19.56% vs USD=X's 0.00%.