DFCMX vs. BATVX
Compare and contrast key facts about DFA California Short Term Municipal Bond Portfolio (DFCMX) and BlackRock Allocation Target Shares (BATVX).
DFCMX is managed by Dimensional. It was launched on Apr 1, 2007. BATVX is managed by BlackRock. It was launched on May 20, 2021.
Performance
DFCMX vs. BATVX - Performance Comparison
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DFCMX vs. BATVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFCMX DFA California Short Term Municipal Bond Portfolio | 0.44% | 2.55% | 2.84% | 2.53% | -0.76% | -0.22% |
BATVX BlackRock Allocation Target Shares | 0.33% | 2.80% | 2.48% | 1.41% | -0.10% | 0.00% |
Returns By Period
In the year-to-date period, DFCMX achieves a 0.44% return, which is significantly higher than BATVX's 0.33% return.
DFCMX
- 1D
- 0.04%
- 1M
- -0.15%
- YTD
- 0.44%
- 6M
- 0.96%
- 1Y
- 2.60%
- 3Y*
- 2.46%
- 5Y*
- 1.47%
- 10Y*
- 1.17%
BATVX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.33%
- 6M
- 1.02%
- 1Y
- 2.45%
- 3Y*
- 2.34%
- 5Y*
- —
- 10Y*
- —
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DFCMX vs. BATVX - Expense Ratio Comparison
DFCMX has a 0.19% expense ratio, which is higher than BATVX's 0.00% 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%.
Return for Risk
DFCMX vs. BATVX — Risk / Return Rank
DFCMX
BATVX
DFCMX vs. BATVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA California Short Term Municipal Bond Portfolio (DFCMX) and BlackRock Allocation Target Shares (BATVX). 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.
| DFCMX | BATVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.45 | 3.56 | -0.11 |
Sortino ratioReturn per unit of downside risk | 6.05 | — | — |
Omega ratioGain probability vs. loss probability | 2.84 | — | — |
Calmar ratioReturn relative to maximum drawdown | 4.25 | — | — |
Martin ratioReturn relative to average drawdown | 23.72 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFCMX | BATVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.45 | 3.56 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 2.29 | -1.01 |
Correlation
The correlation between DFCMX and BATVX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DFCMX vs. BATVX - Dividend Comparison
DFCMX's dividend yield for the trailing twelve months is around 2.57%, more than BATVX's 2.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFCMX DFA California Short Term Municipal Bond Portfolio | 2.57% | 2.23% | 2.61% | 1.70% | 0.71% | 0.36% | 0.87% | 1.43% | 1.04% | 0.87% | 0.86% | 0.82% |
BATVX BlackRock Allocation Target Shares | 2.42% | 2.76% | 2.44% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DFCMX vs. BATVX - Drawdown Comparison
The maximum DFCMX drawdown since its inception was -2.20%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for DFCMX and BATVX.
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Drawdown Indicators
| DFCMX | BATVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.20% | -0.20% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.59% | 0.00% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -2.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -2.20% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | 0.00% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -0.03% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.00% | +0.11% |
Volatility
DFCMX vs. BATVX - Volatility Comparison
DFA California Short Term Municipal Bond Portfolio (DFCMX) has a higher volatility of 0.20% compared to BlackRock Allocation Target Shares (BATVX) at 0.00%. This indicates that DFCMX's price experiences larger fluctuations and is considered to be riskier than BATVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFCMX | BATVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.00% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 0.51% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 0.76% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.90% | 0.62% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.88% | 0.62% | +0.26% |