DFFVX vs. DNYMX
DFFVX (DFA U.S. Targeted Value Portfolio Institutional Class) and DNYMX (DFA NY Municipal Bond Portfolio) are both mutual funds - DFFVX is a Small Cap Value Equities fund actively managed by Dimensional, while DNYMX is a Municipal Bonds fund managed by Dimensional. Over the past 10 years, DFFVX returned 11.08%/yr vs 1.31%/yr for DNYMX. At a correlation of -0.02, they often move in opposite directions. DFFVX charges 0.29%/yr vs 0.25%/yr for DNYMX.
Performance
DFFVX vs. DNYMX - Performance Comparison
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Returns By Period
In the year-to-date period, DFFVX achieves a 18.13% return, which is significantly higher than DNYMX's 1.29% return. Over the past 10 years, DFFVX has outperformed DNYMX with an annualized return of 11.08%, while DNYMX has yielded a comparatively lower 1.31% annualized return.
DFFVX
- 1D
- 0.58%
- 1M
- 0.44%
- 6M
- 12.67%
- YTD
- 18.13%
- 1Y
- 26.91%
- 3Y*
- 16.30%
- 5Y*
- 10.36%
- 10Y*
- 11.08%
DNYMX
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 1.09%
- YTD
- 1.29%
- 1Y
- 2.68%
- 3Y*
- 2.81%
- 5Y*
- 1.64%
- 10Y*
- 1.31%
DFFVX vs. DNYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFFVX DFA U.S. Targeted Value Portfolio Institutional Class | 18.13% | 9.53% | 9.34% | 19.37% | -4.66% | 31.53% | 3.78% | 21.51% | -15.79% | 9.20% |
DNYMX DFA NY Municipal Bond Portfolio | 1.29% | 2.69% | 2.87% | 2.76% | -1.17% | -0.10% | 1.26% | 2.42% | 1.02% | 1.74% |
Correlation
The correlation between DFFVX and DNYMX is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | -0.02 |
The correlation between DFFVX and DNYMX shifts across timeframes, from -0.02 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DFFVX vs. DNYMX — Risk / Return Rank
DFFVX
DNYMX
DFFVX vs. DNYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Targeted Value Portfolio Institutional Class (DFFVX) and DFA NY Municipal Bond Portfolio (DNYMX). 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.
| DFFVX | DNYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -6.98 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 3.85 | -2.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 11.25 | -8.58 |
| Martin ratioReturn relative to average drawdown | 8.69 | 50.56 | -41.87 |
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Drawdowns
DFFVX vs. DNYMX - Drawdown Comparison
The maximum DFFVX drawdown since its inception was -64.21%, which is greater than DNYMX's maximum drawdown of -3.19%. Use the drawdown chart below to compare losses from any high point for DFFVX and DNYMX.
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Drawdown Indicators
| DFFVX | DNYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.21% | -3.19% | -61.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.70% | -0.24% | -9.46% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -0.98% | -25.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -2.53% | -23.56% |
Max Drawdown (10Y)Largest decline over 10 years | -50.75% | -3.19% | -47.56% |
Current DrawdownCurrent decline from peak | -0.52% | 0.00% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -0.41% | -9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 0.05% | +2.93% |
Volatility
DFFVX vs. DNYMX - Volatility Comparison
DFA U.S. Targeted Value Portfolio Institutional Class (DFFVX) has a higher volatility of 3.72% compared to DFA NY Municipal Bond Portfolio (DNYMX) at 0.14%. This indicates that DFFVX's price experiences larger fluctuations and is considered to be riskier than DNYMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFFVX | DNYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 0.14% | +3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 0.47% | +10.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 0.63% | +16.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.38% | 0.88% | +20.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 1.04% | +22.50% |
DFFVX vs. DNYMX - Expense Ratio Comparison
DFFVX has a 0.29% expense ratio, which is higher than DNYMX's 0.25% expense ratio.
Dividends
DFFVX vs. DNYMX - Dividend Comparison
DFFVX's dividend yield for the trailing twelve months is around 1.51%, less than DNYMX's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFFVX DFA U.S. Targeted Value Portfolio Institutional Class | 1.51% | 1.69% | 1.40% | 2.26% | 5.17% | 2.74% | 1.52% | 3.82% | 5.95% | 5.16% | 3.95% | 5.84% |
DNYMX DFA NY Municipal Bond Portfolio | 2.65% | 2.36% | 2.73% | 1.92% | 0.70% | 0.59% | 1.06% | 1.31% | 1.21% | 1.04% | 1.08% | 0.00% |
Frequently Asked Questions
DFFVX and DNYMX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFFVX has higher volatility (3.72%) compared to DNYMX (0.14%). In terms of maximum drawdown, DFFVX dropped -64.21% vs DNYMX's -3.19%.
DNYMX currently has the higher Sharpe Ratio (4.27 vs 1.55), 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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