DFIP vs. SCYB
Compare and contrast key facts about Dimensional Inflation-Protected Securities ETF (DFIP) and Schwab High Yield Bond ETF (SCYB).
DFIP and SCYB 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. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFIP or SCYB.
Correlation
The correlation between DFIP and SCYB is 0.61, 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. SCYB - Performance Comparison
Key characteristics
DFIP:
0.25
SCYB:
2.09
DFIP:
0.38
SCYB:
3.10
DFIP:
1.05
SCYB:
1.39
DFIP:
0.12
SCYB:
4.39
DFIP:
0.88
SCYB:
15.91
DFIP:
1.48%
SCYB:
0.57%
DFIP:
5.11%
SCYB:
4.37%
DFIP:
-14.96%
SCYB:
-2.82%
DFIP:
-8.07%
SCYB:
-1.73%
Returns By Period
In the year-to-date period, DFIP achieves a 1.57% return, which is significantly lower than SCYB's 8.77% return.
DFIP
1.57%
-0.94%
0.56%
1.43%
N/A
N/A
SCYB
8.77%
-0.66%
4.58%
8.72%
N/A
N/A
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DFIP vs. SCYB - Expense Ratio Comparison
DFIP has a 0.11% expense ratio, which is higher than SCYB's 0.03% expense ratio. However, 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. SCYB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) and Schwab High Yield Bond ETF (SCYB). 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. SCYB - Dividend Comparison
DFIP's dividend yield for the trailing twelve months is around 3.70%, less than SCYB's 8.76% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 3.70% | 3.68% | 5.97% | 0.56% |
SCYB Schwab High Yield Bond ETF | 8.76% | 4.10% | 0.00% | 0.00% |
Drawdowns
DFIP vs. SCYB - Drawdown Comparison
The maximum DFIP drawdown since its inception was -14.96%, which is greater than SCYB's maximum drawdown of -2.82%. Use the drawdown chart below to compare losses from any high point for DFIP and SCYB. For additional features, visit the drawdowns tool.
Volatility
DFIP vs. SCYB - Volatility Comparison
Dimensional Inflation-Protected Securities ETF (DFIP) and Schwab High Yield Bond ETF (SCYB) have volatilities of 1.40% and 1.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.