DFEQX vs. PRWBX
Compare and contrast key facts about DFA Short-Term Extended Quality Portfolio (DFEQX) and T. Rowe Price Short-Term Bond Fund (PRWBX).
DFEQX is managed by Dimensional Fund Advisors LP. It was launched on Mar 4, 2009. PRWBX is managed by T. Rowe Price. It was launched on Mar 2, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFEQX or PRWBX.
Key characteristics
| DFEQX | PRWBX | |
|---|---|---|
| YTD Return | 4.92% | 4.12% |
| 1Y Return | 6.15% | 6.41% |
| 3Y Return (Ann) | 1.64% | 1.61% |
| 5Y Return (Ann) | 1.34% | 2.18% |
| 10Y Return (Ann) | 1.74% | 1.97% |
| Sharpe Ratio | 8.83 | 2.34 |
| Sortino Ratio | 52.68 | 3.72 |
| Omega Ratio | 33.66 | 1.59 |
| Calmar Ratio | 2.52 | 3.65 |
| Martin Ratio | 1,445.51 | 17.22 |
| Ulcer Index | 0.00% | 0.36% |
| Daily Std Dev | 0.68% | 2.64% |
| Max Drawdown | -8.40% | -6.29% |
| Current Drawdown | 0.00% | -0.73% |
Correlation
The correlation between DFEQX and PRWBX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DFEQX vs. PRWBX - Performance Comparison
In the year-to-date period, DFEQX achieves a 4.92% return, which is significantly higher than PRWBX's 4.12% return. Over the past 10 years, DFEQX has underperformed PRWBX with an annualized return of 1.74%, while PRWBX has yielded a comparatively higher 1.97% annualized 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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DFEQX vs. PRWBX - Expense Ratio Comparison
DFEQX has a 0.19% expense ratio, which is lower than PRWBX's 0.43% expense ratio.
Risk-Adjusted Performance
DFEQX vs. PRWBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Short-Term Extended Quality Portfolio (DFEQX) and T. Rowe Price Short-Term Bond Fund (PRWBX). 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
DFEQX vs. PRWBX - Dividend Comparison
DFEQX's dividend yield for the trailing twelve months is around 4.31%, more than PRWBX's 3.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEQX DFA Short-Term Extended Quality Portfolio | 4.31% | 3.34% | 1.78% | 0.91% | 0.47% | 2.18% | 3.15% | 1.90% | 1.79% | 1.58% | 1.53% | 1.45% |
PRWBX T. Rowe Price Short-Term Bond Fund | 3.98% | 3.15% | 2.39% | 2.25% | 2.11% | 2.51% | 2.40% | 2.03% | 1.57% | 1.49% | 1.43% | 1.52% |
Drawdowns
DFEQX vs. PRWBX - Drawdown Comparison
The maximum DFEQX drawdown since its inception was -8.40%, which is greater than PRWBX's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for DFEQX and PRWBX. For additional features, visit the drawdowns tool.
Volatility
DFEQX vs. PRWBX - Volatility Comparison
The current volatility for DFA Short-Term Extended Quality Portfolio (DFEQX) is 0.18%, while T. Rowe Price Short-Term Bond Fund (PRWBX) has a volatility of 0.75%. This indicates that DFEQX experiences smaller price fluctuations and is considered to be less risky than PRWBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.