DFCF vs. USIG
Compare and contrast key facts about Dimensional Core Fixed Income ETF (DFCF) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).
DFCF and USIG 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. 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: DFCF or USIG.
Key characteristics
| DFCF | USIG | |
|---|---|---|
| YTD Return | 2.85% | 3.92% |
| 1Y Return | 9.42% | 12.08% |
| Sharpe Ratio | 1.54 | 1.89 |
| Sortino Ratio | 2.34 | 2.81 |
| Omega Ratio | 1.28 | 1.34 |
| Calmar Ratio | 0.59 | 0.70 |
| Martin Ratio | 6.14 | 8.23 |
| Ulcer Index | 1.38% | 1.37% |
| Daily Std Dev | 5.49% | 5.94% |
| Max Drawdown | -19.56% | -22.21% |
| Current Drawdown | -6.43% | -5.95% |
Correlation
The correlation between DFCF and USIG is 0.93, 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. USIG - Performance Comparison
In the year-to-date period, DFCF achieves a 2.85% return, which is significantly lower than USIG's 3.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFCF vs. USIG - Expense Ratio Comparison
DFCF has a 0.17% 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
DFCF vs. USIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Core Fixed Income ETF (DFCF) 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.
Dividends
DFCF vs. USIG - Dividend Comparison
DFCF's dividend yield for the trailing twelve months is around 4.61%, more than USIG's 4.35% 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.35% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.13% | 3.24% | 3.32% | 3.53% |
Drawdowns
DFCF vs. USIG - Drawdown Comparison
The maximum DFCF drawdown since its inception was -19.56%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for DFCF and USIG. For additional features, visit the drawdowns tool.
Volatility
DFCF vs. USIG - Volatility Comparison
The current volatility for Dimensional Core Fixed Income ETF (DFCF) is 1.72%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 1.83%. This indicates that DFCF 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.