DFIHX vs. MEAR
Compare and contrast key facts about DFA One Year Fixed Income Portfolio (DFIHX) and iShares Short Maturity Municipal Bond ETF (MEAR).
DFIHX is managed by Dimensional Fund Advisors LP. It was launched on Jul 25, 1983. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFIHX or MEAR.
Key characteristics
| DFIHX | MEAR | |
|---|---|---|
| YTD Return | 4.76% | 3.35% |
| 1Y Return | 5.46% | 4.09% |
| 3Y Return (Ann) | 2.80% | 2.46% |
| 5Y Return (Ann) | 1.82% | 1.75% |
| Sharpe Ratio | 8.45 | 4.46 |
| Sortino Ratio | 66.33 | 7.39 |
| Omega Ratio | 40.50 | 2.06 |
| Calmar Ratio | 96.32 | 17.50 |
| Martin Ratio | 845.12 | 72.37 |
| Ulcer Index | 0.01% | 0.06% |
| Daily Std Dev | 0.65% | 0.94% |
| Max Drawdown | -89.99% | -2.68% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between DFIHX and MEAR is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DFIHX vs. MEAR - Performance Comparison
In the year-to-date period, DFIHX achieves a 4.76% return, which is significantly higher than MEAR's 3.35% 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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DFIHX vs. MEAR - Expense Ratio Comparison
DFIHX has a 0.13% expense ratio, which is lower than MEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFIHX vs. MEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA One Year Fixed Income Portfolio (DFIHX) and iShares Short Maturity Municipal Bond ETF (MEAR). 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
DFIHX vs. MEAR - Dividend Comparison
DFIHX's dividend yield for the trailing twelve months is around 5.01%, more than MEAR's 3.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIHX DFA One Year Fixed Income Portfolio | 5.01% | 3.36% | 1.08% | 0.00% | 0.62% | 2.14% | 1.85% | 1.13% | 0.74% | 0.42% | 0.30% | 0.36% |
MEAR iShares Short Maturity Municipal Bond ETF | 3.46% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% | 0.00% | 0.00% |
Drawdowns
DFIHX vs. MEAR - Drawdown Comparison
The maximum DFIHX drawdown since its inception was -89.99%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for DFIHX and MEAR. For additional features, visit the drawdowns tool.
Volatility
DFIHX vs. MEAR - Volatility Comparison
The current volatility for DFA One Year Fixed Income Portfolio (DFIHX) is 0.19%, while iShares Short Maturity Municipal Bond ETF (MEAR) has a volatility of 0.43%. This indicates that DFIHX experiences smaller price fluctuations and is considered to be less risky than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.