DFIVX vs. SHY
DFIVX (DFA International Value Portfolio Institutional Class) and SHY (iShares 1-3 Year Treasury Bond ETF) are both funds - DFIVX is a Foreign Large Cap Equities fund actively managed by Dimensional, while SHY is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. DFIVX is actively managed, while SHY is passively managed. Over the past 10 years, DFIVX returned 12.41%/yr vs 1.65%/yr for SHY. At a correlation of -0.13, they often move in opposite directions. DFIVX charges 0.28%/yr vs 0.15%/yr for SHY.
Performance
DFIVX vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, DFIVX achieves a 12.49% return, which is significantly higher than SHY's 0.60% return. Over the past 10 years, DFIVX has outperformed SHY with an annualized return of 12.41%, while SHY has yielded a comparatively lower 1.65% annualized return.
DFIVX
- 1D
- 0.82%
- 1M
- 1.65%
- YTD
- 12.49%
- 6M
- 13.52%
- 1Y
- 35.31%
- 3Y*
- 23.46%
- 5Y*
- 14.18%
- 10Y*
- 12.41%
SHY
- 1D
- 0.05%
- 1M
- 0.36%
- YTD
- 0.60%
- 6M
- 0.79%
- 1Y
- 3.34%
- 3Y*
- 4.16%
- 5Y*
- 1.78%
- 10Y*
- 1.65%
DFIVX vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFIVX DFA International Value Portfolio Institutional Class | 12.49% | 45.24% | 6.87% | 17.83% | -3.51% | 18.57% | -2.13% | 15.68% | -17.49% | 26.08% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.60% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Correlation
The correlation between DFIVX and SHY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.13 |
The correlation between DFIVX and SHY shifts across timeframes, from -0.13 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DFIVX vs. SHY — Risk / Return Rank
DFIVX
SHY
DFIVX vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA International Value Portfolio Institutional Class (DFIVX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.
| DFIVX | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.52 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.78 | -0.20 |
| Martin ratioReturn relative to average drawdown | 13.95 | 15.00 | -1.06 |
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Drawdowns
DFIVX vs. SHY - Drawdown Comparison
The maximum DFIVX drawdown since its inception was -66.61%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for DFIVX and SHY.
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Drawdown Indicators
| DFIVX | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.61% | -5.71% | -60.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -0.89% | -8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -0.97% | -13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -5.71% | -19.58% |
Max Drawdown (10Y)Largest decline over 10 years | -48.11% | -5.71% | -42.40% |
Current DrawdownCurrent decline from peak | -0.74% | -0.14% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -0.52% | -11.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 0.22% | +2.24% |
Volatility
DFIVX vs. SHY - Volatility Comparison
DFA International Value Portfolio Institutional Class (DFIVX) has a higher volatility of 4.52% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.40%. This indicates that DFIVX's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFIVX | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 0.40% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 0.95% | +10.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.27% | 1.33% | +12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 1.99% | +14.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 1.57% | +16.43% |
DFIVX vs. SHY - Expense Ratio Comparison
DFIVX has a 0.28% expense ratio, which is higher than SHY's 0.15% expense ratio.
Dividends
DFIVX vs. SHY - Dividend Comparison
DFIVX's dividend yield for the trailing twelve months is around 3.74%, more than SHY's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIVX DFA International Value Portfolio Institutional Class | 3.74% | 4.21% | 3.94% | 4.40% | 3.78% | 4.37% | 2.42% | 3.70% | 6.60% | 2.85% | 3.36% | 3.45% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.68% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Frequently Asked Questions
DFIVX and SHY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFIVX has higher volatility (4.52%) compared to SHY (0.40%). In terms of maximum drawdown, DFIVX dropped -66.61% vs SHY's -5.71%.
SHY currently has the higher Sharpe Ratio (2.53 vs 2.41), 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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