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. It was launched on Jul 25, 1983. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Performance
DFIHX vs. MEAR - Performance Comparison
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DFIHX vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFIHX DFA One Year Fixed Income Portfolio | 0.81% | 3.41% | 5.41% | 4.98% | -1.19% | -0.19% | 0.62% | 2.44% | 1.87% | 0.94% |
MEAR iShares Short Maturity Municipal Bond ETF | 0.58% | 3.76% | 3.40% | 3.93% | 0.10% | 0.05% | 1.18% | 1.91% | 1.63% | 1.12% |
Returns By Period
In the year-to-date period, DFIHX achieves a 0.81% return, which is significantly higher than MEAR's 0.58% return. Over the past 10 years, DFIHX has outperformed MEAR with an annualized return of 1.92%, while MEAR has yielded a comparatively lower 1.75% annualized return.
DFIHX
- 1D
- -0.06%
- 1M
- 0.23%
- YTD
- 0.81%
- 6M
- 1.89%
- 1Y
- 3.69%
- 3Y*
- 4.47%
- 5Y*
- 2.61%
- 10Y*
- 1.92%
MEAR
- 1D
- 0.11%
- 1M
- -0.23%
- YTD
- 0.58%
- 6M
- 1.27%
- 1Y
- 3.25%
- 3Y*
- 3.54%
- 5Y*
- 2.32%
- 10Y*
- 1.75%
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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%.
Return for Risk
DFIHX vs. MEAR — Risk / Return Rank
DFIHX
MEAR
DFIHX vs. MEAR - Risk-Adjusted Trends 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.
| DFIHX | MEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.38 | 2.81 | +2.57 |
Sortino ratioReturn per unit of downside risk | 9.47 | 3.78 | +5.69 |
Omega ratioGain probability vs. loss probability | 8.43 | 1.73 | +6.70 |
Calmar ratioReturn relative to maximum drawdown | 8.71 | 3.77 | +4.94 |
Martin ratioReturn relative to average drawdown | 37.74 | 21.16 | +16.58 |
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
| DFIHX | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.38 | 2.81 | +2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.65 | 2.38 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.43 | 1.16 | +1.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 1.09 | +0.43 |
Correlation
The correlation between DFIHX and MEAR is 0.05, 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.
Dividends
DFIHX vs. MEAR - Dividend Comparison
DFIHX's dividend yield for the trailing twelve months is around 3.73%, more than MEAR's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIHX DFA One Year Fixed Income Portfolio | 3.73% | 3.26% | 4.99% | 3.37% | 1.07% | 0.00% | 0.62% | 2.12% | 1.85% | 1.13% | 0.66% | 0.51% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.87% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Drawdowns
DFIHX vs. MEAR - Drawdown Comparison
The maximum DFIHX drawdown since its inception was -2.53%, smaller than the maximum MEAR drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for DFIHX and MEAR.
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Drawdown Indicators
| DFIHX | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.53% | -2.68% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -0.86% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -2.26% | -1.12% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -2.26% | -2.68% | +0.42% |
Current DrawdownCurrent decline from peak | -0.06% | -0.24% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -0.19% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.15% | -0.06% |
Volatility
DFIHX vs. MEAR - Volatility Comparison
The current volatility for DFA One Year Fixed Income Portfolio (DFIHX) is 0.18%, while iShares Short Maturity Municipal Bond ETF (MEAR) has a volatility of 0.37%. 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.
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Volatility by Period
| DFIHX | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.37% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 0.60% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 1.16% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | 0.98% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.79% | 1.52% | -0.73% |