DFEQX vs. AGG
DFEQX (DFA Short-Term Extended Quality Portfolio) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - DFEQX is a Short-Term Bond fund managed by Dimensional, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, DFEQX returned 1.93%/yr vs 1.57%/yr for AGG. A 0.62 correlation means they provide meaningful diversification when combined. DFEQX charges 0.19%/yr vs 0.03%/yr for AGG.
Performance
DFEQX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, DFEQX achieves a 1.50% return, which is significantly higher than AGG's 0.52% return. Over the past 10 years, DFEQX has outperformed AGG with an annualized return of 1.93%, while AGG has yielded a comparatively lower 1.57% annualized return.
DFEQX
- 1D
- 0.19%
- 1M
- 0.62%
- YTD
- 1.50%
- 6M
- 1.79%
- 1Y
- 3.70%
- 3Y*
- 4.87%
- 5Y*
- 2.03%
- 10Y*
- 1.93%
AGG
- 1D
- -0.12%
- 1M
- 0.46%
- YTD
- 0.52%
- 6M
- 0.93%
- 1Y
- 4.87%
- 3Y*
- 4.19%
- 5Y*
- 0.06%
- 10Y*
- 1.57%
DFEQX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFEQX DFA Short-Term Extended Quality Portfolio | 1.50% | 4.27% | 5.50% | 5.44% | -5.18% | -0.60% | 2.24% | 4.51% | 1.34% | 1.51% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.52% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between DFEQX and AGG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.62 |
The correlation between DFEQX and AGG shifts across timeframes, from 0.37 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFEQX vs. AGG — Risk / Return Rank
DFEQX
AGG
DFEQX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Short-Term Extended Quality Portfolio (DFEQX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| DFEQX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.88 | ||
| Omega ratioGain probability vs. loss probability | 2.08 | 1.21 | +0.87 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 1.63 | +3.44 |
| Martin ratioReturn relative to average drawdown | 21.16 | 4.82 | +16.34 |
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Drawdowns
DFEQX vs. AGG - Drawdown Comparison
The maximum DFEQX drawdown since its inception was -8.40%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for DFEQX and AGG.
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Drawdown Indicators
| DFEQX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.40% | -18.43% | +10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.76% | -2.76% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -6.11% | +4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -8.40% | -17.82% | +9.42% |
Max Drawdown (10Y)Largest decline over 10 years | -8.40% | -18.43% | +10.03% |
Current DrawdownCurrent decline from peak | 0.00% | -1.88% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -2.71% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.94% | -0.76% |
Volatility
DFEQX vs. AGG - Volatility Comparison
The current volatility for DFA Short-Term Extended Quality Portfolio (DFEQX) is 0.46%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.37%. This indicates that DFEQX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEQX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.37% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 0.91% | 2.81% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 3.82% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.08% | 6.09% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.69% | 5.41% | -3.72% |
DFEQX vs. AGG - Expense Ratio Comparison
DFEQX has a 0.19% expense ratio, which is higher than AGG's 0.03% 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
DFEQX vs. AGG - Dividend Comparison
DFEQX's dividend yield for the trailing twelve months is around 4.12%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
DFEQX DFA Short-Term Extended Quality Portfolio | 4.12% | 3.62% | 4.40% | 3.34% | 1.78% | 1.05% | 0.47% | 2.18% | 3.14% | 1.51% | 1.59% | 1.72% |
Frequently Asked Questions
DFEQX and AGG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGG has higher volatility (1.37%) compared to DFEQX (0.46%). In terms of maximum drawdown, DFEQX dropped -8.40% vs AGG's -18.43%.
DFEQX currently has the higher Sharpe Ratio (3.53 vs 1.19), 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.
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