DFNM vs. DFCF
Compare and contrast key facts about Dimensional National Municipal Bond ETF (DFNM) and Dimensional Core Fixed Income ETF (DFCF).
DFNM and DFCF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFNM is an actively managed fund by Dimensional. It was launched on Nov 15, 2021. DFCF 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: DFNM or DFCF.
Correlation
The correlation between DFNM and DFCF is 0.64, 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
DFNM vs. DFCF - Performance Comparison
Key characteristics
DFNM:
1.15
DFCF:
1.24
DFNM:
1.71
DFCF:
1.83
DFNM:
1.21
DFCF:
1.22
DFNM:
1.63
DFCF:
0.54
DFNM:
4.56
DFCF:
3.37
DFNM:
0.57%
DFCF:
1.84%
DFNM:
2.27%
DFCF:
5.01%
DFNM:
-6.98%
DFCF:
-19.56%
DFNM:
-0.71%
DFCF:
-4.30%
Returns By Period
In the year-to-date period, DFNM achieves a 0.57% return, which is significantly lower than DFCF's 3.26% return.
DFNM
0.57%
-0.40%
0.12%
2.54%
N/A
N/A
DFCF
3.26%
0.80%
1.18%
6.01%
N/A
N/A
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DFNM vs. DFCF - Expense Ratio Comparison
Both DFNM and DFCF have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFNM vs. DFCF — Risk-Adjusted Performance Rank
DFNM
DFCF
DFNM vs. DFCF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional National Municipal Bond ETF (DFNM) and Dimensional Core Fixed Income ETF (DFCF). 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
DFNM vs. DFCF - Dividend Comparison
DFNM's dividend yield for the trailing twelve months is around 2.84%, less than DFCF's 4.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
DFNM Dimensional National Municipal Bond ETF | 2.84% | 2.74% | 2.40% | 1.16% | 0.05% |
DFCF Dimensional Core Fixed Income ETF | 4.55% | 4.61% | 4.52% | 3.28% | 0.16% |
Drawdowns
DFNM vs. DFCF - Drawdown Comparison
The maximum DFNM drawdown since its inception was -6.98%, smaller than the maximum DFCF drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for DFNM and DFCF. For additional features, visit the drawdowns tool.
Volatility
DFNM vs. DFCF - Volatility Comparison
The current volatility for Dimensional National Municipal Bond ETF (DFNM) is 0.91%, while Dimensional Core Fixed Income ETF (DFCF) has a volatility of 1.25%. This indicates that DFNM experiences smaller price fluctuations and is considered to be less risky than DFCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.