DFCFX vs. EVV

Last updated Aug 4, 2026

DFCFX (DFA Two-Year Fixed Income Portfolio) and EVV (Eaton Vance Limited Duration Income Fund) are both Short-Term Bond funds. Over the past 10 years, DFCFX returned 2.51%/yr vs 5.04%/yr for EVV. Their 0.03 correlation means their historical movements had little consistent relationship. DFCFX charges 0.21%/yr vs 0.04%/yr for EVV.

Performance

DFCFX vs. EVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Two-Year Fixed Income Portfolio (DFCFX) and Eaton Vance Limited Duration Income Fund (EVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFCFX achieves a 1.92% return, which is significantly higher than EVV's -2.68% return. Over the past 10 years, DFCFX has underperformed EVV with an annualized return of 2.51%, while EVV has yielded a comparatively higher 5.04% annualized return.

DFCFX

• 1D: -0.10%
• 1M: 0.10%
• 6M: 1.50%
• YTD: 1.92%
• 1Y: 3.71%
• 3Y*: 3.94%
• 5Y*: 3.87%
• 10Y*: 2.51%
• ALL TIME*: 2.77%

EVV

• 1D: 0.55%
• 1M: -1.92%
• 6M: -3.29%
• YTD: -2.68%
• 1Y: -0.28%
• 3Y*: 8.77%
• 5Y*: 2.42%
• 10Y*: 5.04%
• ALL TIME*: 5.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFCFX DFA Two-Year Fixed Income Portfolio	$0.00	$0.00	$0.00
EVV Eaton Vance Limited Duration Income Fund	$3.54M	$4.11M	$3.74M

DFCFX vs. EVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFCFX DFA Two-Year Fixed Income Portfolio	1.92%	2.28%	5.33%	4.92%	-3.28%	8.60%	0.57%	2.65%	1.78%	0.92%
EVV Eaton Vance Limited Duration Income Fund	-2.68%	10.72%	12.22%	13.33%	-19.94%	14.66%	4.67%	18.91%	-5.53%	6.77%

Correlation

The correlation between DFCFX and EVV is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.10
Correlation (3Y) Balances recent behavior with more history.	0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.08
Correlation (10Y) Provides a long-term view across more market conditions.	0.04
Correlation (All Time) Calculated using the full available price history since Jun 11, 2003	0.03

Return for Risk

DFCFX vs. EVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFCFX

DFCFX Risk / Return Rank: 100
DFCFX Sharpe Ratio Rank: 100
DFCFX Sortino Ratio Rank: 100
DFCFX Omega Ratio Rank: 100
DFCFX Calmar Ratio Rank: 100
DFCFX Martin Ratio Rank: 100

EVV

EVV Risk / Return Rank: 4
EVV Sharpe Ratio Rank: 4
EVV Sortino Ratio Rank: 3
EVV Omega Ratio Rank: 3
EVV Calmar Ratio Rank: 4
EVV Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFCFX vs. EVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Two-Year Fixed Income Portfolio (DFCFX) and Eaton Vance Limited Duration Income Fund (EVV). 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.

	DFCFX	EVV	Difference
Sharpe ratio: Return per unit of total volatility	5.17	-0.03	+5.20
Sortino ratio: Return per unit of downside risk	11.04	0.02	+11.02
Omega ratio: Gain probability vs. loss probability	5.05	1.00	+4.05
Calmar ratio: Return relative to maximum drawdown	18.12	-0.03	+18.15
Martin ratio: Return relative to average drawdown	108.51	-0.09	+108.61

DFCFX vs. EVV - Sharpe Ratio Comparison

The current DFCFX Sharpe Ratio is 5.17, which is higher than the EVV Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of DFCFX and EVV, 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

DFCFX vs. EVV - Drawdown Comparison

The maximum DFCFX drawdown since its inception was -4.27%, smaller than the maximum EVV drawdown of -51.37%. Use the drawdown chart below to compare losses from any high point for DFCFX and EVV.

Drawdown Indicators

	DFCFX	EVV	Difference
Max Drawdown Largest peak-to-trough decline	-4.27%	-51.37%	+47.10%
Max Drawdown (1Y) Largest decline over 1 year	-0.21%	-8.65%	+8.44%
Max Drawdown (3Y) Largest decline over 3 years	-1.33%	-9.53%	+8.20%
Max Drawdown (5Y) Largest decline over 5 years	-4.27%	-25.91%	+21.64%
Max Drawdown (10Y) Largest decline over 10 years	-4.27%	-40.42%	+36.15%
Current Drawdown Current decline from peak	-0.10%	-4.48%	+4.38%
Average Drawdown Average peak-to-trough decline	-0.26%	-6.29%	+6.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	3.01%	-2.98%

Volatility

DFCFX vs. EVV - Volatility Comparison

The current volatility for DFA Two-Year Fixed Income Portfolio (DFCFX) is 0.33%, while Eaton Vance Limited Duration Income Fund (EVV) has a volatility of 2.02%. This indicates that DFCFX experiences smaller price fluctuations and is considered to be less risky than EVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFCFX	EVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	2.02%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	0.58%	7.47%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	8.94%	-8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.39%	12.59%	-8.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.13%	15.38%	-12.25%

DFCFX vs. EVV - Expense Ratio Comparison

DFCFX has a 0.21% expense ratio, which is higher than EVV'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%.

Dividends

DFCFX vs. EVV - Dividend Comparison

DFCFX's dividend yield for the trailing twelve months is around 3.86%, less than EVV's 9.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFCFX DFA Two-Year Fixed Income Portfolio	3.86%	2.16%	4.90%	3.43%	1.32%	8.29%	0.67%	2.22%	1.87%	1.22%	0.79%	0.53%
EVV Eaton Vance Limited Duration Income Fund	9.50%	8.86%	9.78%	10.43%	12.78%	9.16%	9.58%	6.42%	8.44%	7.22%	8.46%	9.56%

Frequently Asked Questions

Can I hold both DFCFX and EVV in my portfolio?

DFCFX and EVV have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFCFX or EVV?

EVV has higher volatility (2.02%) compared to DFCFX (0.33%). In terms of maximum drawdown, DFCFX dropped -4.27% vs EVV's -51.37%.

Which has better risk-adjusted returns?

DFCFX currently has the higher Sharpe Ratio (5.17 vs -0.03), 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.