DFCFX vs. LCCMX

Last updated Jun 4, 2026

DFCFX (DFA Two-Year Fixed Income Portfolio) and LCCMX (Leader Short Term High Yield Bond Fund) are both Short-Term Bond funds. Over the past 10 years, DFCFX returned 2.48%/yr vs 4.26%/yr for LCCMX. At a 0.10 correlation, their price movements are largely independent. DFCFX charges 0.21%/yr vs 2.55%/yr for LCCMX.

Performance

DFCFX vs. LCCMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Two-Year Fixed Income Portfolio (DFCFX) and Leader Short Term High Yield Bond Fund (LCCMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFCFX achieves a 1.52% return, which is significantly lower than LCCMX's 3.89% return. Over the past 10 years, DFCFX has underperformed LCCMX with an annualized return of 2.48%, while LCCMX has yielded a comparatively higher 4.26% annualized return.

DFCFX

• 1D: 0.00%
• 1M: 0.31%
• YTD: 1.52%
• 6M: 1.77%
• 1Y: 2.87%
• 3Y*: 4.06%
• 5Y*: 3.78%
• 10Y*: 2.48%

LCCMX

• 1D: 0.00%
• 1M: 1.19%
• YTD: 3.89%
• 6M: 6.59%
• 1Y: 11.06%
• 3Y*: 14.65%
• 5Y*: 6.13%
• 10Y*: 4.26%

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

DFCFX vs. LCCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFCFX DFA Two-Year Fixed Income Portfolio	1.52%	2.28%	5.33%	4.92%	-3.28%	8.60%	0.57%	2.65%	1.78%	0.92%
LCCMX Leader Short Term High Yield Bond Fund	3.89%	9.73%	18.51%	13.73%	-13.30%	1.30%	7.52%	0.65%	2.35%	1.89%

Correlation

The correlation between DFCFX and LCCMX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jul 15, 2005	0.10

The correlation between DFCFX and LCCMX shifts across timeframes, from -0.04 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DFCFX vs. LCCMX — Risk / Return Rank

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

DFCFX

DFCFX Risk / Return Rank: 66
DFCFX Sharpe Ratio Rank: 75
DFCFX Sortino Ratio Rank: 46
DFCFX Omega Ratio Rank: 99
DFCFX Calmar Ratio Rank: 59
DFCFX Martin Ratio Rank: 52

LCCMX

LCCMX Risk / Return Rank: 75
LCCMX Sharpe Ratio Rank: 71
LCCMX Sortino Ratio Rank: 96
LCCMX Omega Ratio Rank: 97
LCCMX Calmar Ratio Rank: 59
LCCMX Martin Ratio Rank: 51

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.

DFCFX vs. LCCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Two-Year Fixed Income Portfolio (DFCFX) and Leader Short Term High Yield Bond Fund (LCCMX). 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.

	DFCFX	LCCMX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.46	+0.05
Sortino ratio: Return per unit of downside risk	2.88	5.36	-2.48
Omega ratio: Gain probability vs. loss probability	3.70	2.01	+1.69
Calmar ratio: Return relative to maximum drawdown	2.94	2.96	-0.01
Martin ratio: Return relative to average drawdown	10.64	10.42	+0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFCFX vs. LCCMX - Sharpe Ratio Comparison

The current DFCFX Sharpe Ratio is 2.50, which is comparable to the LCCMX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of DFCFX and LCCMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFCFX	LCCMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.46	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	1.06	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.67	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.81	+0.54

Drawdowns

DFCFX vs. LCCMX - Drawdown Comparison

The maximum DFCFX drawdown since its inception was -4.27%, smaller than the maximum LCCMX drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for DFCFX and LCCMX.

Drawdown Indicators

	DFCFX	LCCMX	Difference
Max Drawdown Largest peak-to-trough decline	-4.27%	-24.57%	+20.30%
Max Drawdown (1Y) Largest decline over 1 year	-1.03%	-3.76%	+2.73%
Max Drawdown (3Y) Largest decline over 3 years	-1.33%	-3.76%	+2.43%
Max Drawdown (5Y) Largest decline over 5 years	-4.27%	-19.20%	+14.93%
Max Drawdown (10Y) Largest decline over 10 years	-4.27%	-24.57%	+20.30%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.26%	-2.80%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	1.06%	-0.78%

Volatility

DFCFX vs. LCCMX - Volatility Comparison

The current volatility for DFA Two-Year Fixed Income Portfolio (DFCFX) is 0.17%, while Leader Short Term High Yield Bond Fund (LCCMX) has a volatility of 0.68%. This indicates that DFCFX experiences smaller price fluctuations and is considered to be less risky than LCCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFCFX	LCCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.17%	0.68%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	0.40%	4.06%	-3.66%
Volatility (1Y) Calculated over the trailing 1-year period	1.21%	4.53%	-3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.39%	5.84%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.13%	6.35%	-3.22%

DFCFX vs. LCCMX - Expense Ratio Comparison

DFCFX has a 0.21% expense ratio, which is lower than LCCMX's 2.55% expense ratio.

Dividends

DFCFX vs. LCCMX - Dividend Comparison

DFCFX's dividend yield for the trailing twelve months is around 2.93%, less than LCCMX's 8.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFCFX DFA Two-Year Fixed Income Portfolio	2.93%	2.16%	4.90%	3.43%	1.32%	8.29%	0.67%	2.22%	1.87%	1.22%	0.79%	0.53%
LCCMX Leader Short Term High Yield Bond Fund	8.53%	8.93%	10.39%	8.55%	5.68%	2.11%	2.11%	2.98%	2.89%	2.10%	2.01%	2.75%

Frequently Asked Questions

Can I hold both DFCFX and LCCMX in my portfolio?

DFCFX and LCCMX have a correlation of -0.04, 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 LCCMX?

LCCMX has higher volatility (0.68%) compared to DFCFX (0.17%). In terms of maximum drawdown, DFCFX dropped -4.27% vs LCCMX's -24.57%.

Which has better risk-adjusted returns?

DFCFX currently has the higher Sharpe Ratio (2.50 vs 2.46), 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.