DFIP vs. DFNM
Compare and contrast key facts about Dimensional Inflation-Protected Securities ETF (DFIP) and Dimensional National Municipal Bond ETF (DFNM).
DFIP and DFNM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFIP is an actively managed fund by Dimensional. It was launched on Nov 15, 2021. DFNM is an actively managed fund by Dimensional. It was launched on Nov 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFIP or DFNM.
Correlation
The correlation between DFIP and DFNM is 0.53, 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
DFIP vs. DFNM - Performance Comparison
Key characteristics
DFIP:
1.40
DFNM:
0.97
DFIP:
1.96
DFNM:
1.42
DFIP:
1.26
DFNM:
1.18
DFIP:
0.61
DFNM:
1.34
DFIP:
3.94
DFNM:
3.72
DFIP:
1.75%
DFNM:
0.57%
DFIP:
4.91%
DFNM:
2.21%
DFIP:
-14.96%
DFNM:
-6.98%
DFIP:
-3.96%
DFNM:
-0.93%
Returns By Period
In the year-to-date period, DFIP achieves a 4.32% return, which is significantly higher than DFNM's 0.34% return.
DFIP
4.32%
0.37%
0.61%
6.86%
N/A
N/A
DFNM
0.34%
-0.93%
-0.46%
2.20%
N/A
N/A
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DFIP vs. DFNM - Expense Ratio Comparison
DFIP has a 0.11% expense ratio, which is lower than DFNM's 0.17% 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
DFIP vs. DFNM — Risk-Adjusted Performance Rank
DFIP
DFNM
DFIP vs. DFNM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) and Dimensional National Municipal Bond ETF (DFNM). 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
DFIP vs. DFNM - Dividend Comparison
DFIP's dividend yield for the trailing twelve months is around 4.00%, more than DFNM's 2.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 4.00% | 3.69% | 3.68% | 5.97% | 0.56% |
DFNM Dimensional National Municipal Bond ETF | 2.85% | 2.74% | 2.40% | 1.16% | 0.05% |
Drawdowns
DFIP vs. DFNM - Drawdown Comparison
The maximum DFIP drawdown since its inception was -14.96%, which is greater than DFNM's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for DFIP and DFNM. For additional features, visit the drawdowns tool.
Volatility
DFIP vs. DFNM - Volatility Comparison
Dimensional Inflation-Protected Securities ETF (DFIP) has a higher volatility of 1.31% compared to Dimensional National Municipal Bond ETF (DFNM) at 0.73%. This indicates that DFIP's price experiences larger fluctuations and is considered to be riskier than DFNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.