DFIHX vs. TSDUX
DFIHX (DFA One Year Fixed Income Portfolio) and TSDUX (Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund) are both Ultrashort Bond funds. Over the past 10 years, DFIHX returned 2.01%/yr vs 2.67%/yr for TSDUX. Their -0.06 correlation means they have often moved in opposite directions in the past. DFIHX charges 0.13%/yr vs 0.62%/yr for TSDUX.
Performance
DFIHX vs. TSDUX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DFIHX having a 1.99% return and TSDUX slightly lower at 1.91%. Over the past 10 years, DFIHX has underperformed TSDUX with an annualized return of 2.01%, while TSDUX has yielded a comparatively higher 2.67% annualized return.
DFIHX
- 1D
- 0.00%
- 1M
- 0.23%
- 6M
- 1.69%
- YTD
- 1.99%
- 1Y
- 3.82%
- 3Y*
- 4.38%
- 5Y*
- 2.85%
- 10Y*
- 2.01%
- ALL TIME*
- 12.93%
TSDUX
- 1D
- -0.41%
- 1M
- 0.00%
- 6M
- 1.45%
- YTD
- 1.91%
- 1Y
- 2.71%
- 3Y*
- 4.61%
- 5Y*
- 3.44%
- 10Y*
- 2.67%
- ALL TIME*
- 2.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DFIHX vs. TSDUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFIHX DFA One Year Fixed Income Portfolio | 1.99% | 3.41% | 5.41% | 4.98% | -1.19% | -0.19% | 0.62% | 2.44% | 1.87% | 0.94% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 1.91% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.73% |
Correlation
The correlation between DFIHX and TSDUX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2016 | -0.06 |
The correlation between DFIHX and TSDUX shifts across timeframes, from -0.06 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DFIHX vs. TSDUX — Risk / Return Rank
DFIHX
TSDUX
DFIHX vs. TSDUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA One Year Fixed Income Portfolio (DFIHX) and Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX). 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.
| DFIHX | TSDUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.09 | ||
| Sortino ratioReturn per unit of downside risk | +11.85 | ||
| Omega ratioGain probability vs. loss probability | 6.80 | 2.46 | +4.34 |
| Calmar ratioReturn relative to maximum drawdown | 39.48 | 7.33 | +32.15 |
| Martin ratioReturn relative to average drawdown | 231.88 | 23.71 | +208.17 |
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Drawdowns
DFIHX vs. TSDUX - Drawdown Comparison
The maximum DFIHX drawdown since its inception was -2.53%, smaller than the maximum TSDUX drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for DFIHX and TSDUX.
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Drawdown Indicators
| DFIHX | TSDUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.53% | -3.94% | +1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.41% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -0.49% | -0.73% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -2.26% | -1.72% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -2.26% | -3.94% | +1.68% |
Current DrawdownCurrent decline from peak | 0.00% | -0.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -0.18% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.12% | -0.10% |
Volatility
DFIHX vs. TSDUX - Volatility Comparison
The current volatility for DFA One Year Fixed Income Portfolio (DFIHX) is 0.21%, while Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) has a volatility of 0.47%. This indicates that DFIHX experiences smaller price fluctuations and is considered to be less risky than TSDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFIHX | TSDUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.47% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.51% | 0.66% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.65% | 1.05% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 1.12% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.80% | 1.09% | -0.29% |
DFIHX vs. TSDUX - Expense Ratio Comparison
DFIHX has a 0.13% expense ratio, which is lower than TSDUX's 0.62% expense ratio.
Dividends
DFIHX vs. TSDUX - Dividend Comparison
DFIHX's dividend yield for the trailing twelve months is around 3.86%, more than TSDUX's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIHX DFA One Year Fixed Income Portfolio | 3.86% | 3.26% | 4.99% | 3.37% | 1.07% | 0.00% | 0.62% | 2.12% | 1.85% | 1.13% | 0.66% | 0.51% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.47% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% | 0.00% |
Frequently Asked Questions
DFIHX and TSDUX 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.
TSDUX has higher volatility (0.47%) compared to DFIHX (0.21%). In terms of maximum drawdown, DFIHX dropped -2.53% vs TSDUX's -3.94%.
DFIHX currently has the higher Sharpe Ratio (5.94 vs 2.85), 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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