PortfoliosLab logo
DFNM vs. DFCF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DFNM and DFCF is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.1

Performance

DFNM vs. DFCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional National Municipal Bond ETF (DFNM) and Dimensional Core Fixed Income ETF (DFCF). The values are adjusted to include any dividend payments, if applicable.

-8.00%-6.00%-4.00%-2.00%0.00%2.00%NovemberDecember2025FebruaryMarchApril
0.72%
-4.77%
DFNM
DFCF

Key characteristics

Sharpe Ratio

DFNM:

0.50

DFCF:

1.20

Sortino Ratio

DFNM:

0.66

DFCF:

1.73

Omega Ratio

DFNM:

1.10

DFCF:

1.21

Calmar Ratio

DFNM:

0.51

DFCF:

0.56

Martin Ratio

DFNM:

1.81

DFCF:

3.46

Ulcer Index

DFNM:

0.78%

DFCF:

1.86%

Daily Std Dev

DFNM:

2.85%

DFCF:

5.35%

Max Drawdown

DFNM:

-6.98%

DFCF:

-19.56%

Current Drawdown

DFNM:

-1.99%

DFCF:

-5.47%

Returns By Period

In the year-to-date period, DFNM achieves a -0.72% return, which is significantly lower than DFCF's 2.00% return.


DFNM

YTD

-0.72%

1M

-0.98%

6M

-0.35%

1Y

1.41%

5Y*

N/A

10Y*

N/A

DFCF

YTD

2.00%

1M

-0.21%

6M

1.06%

1Y

6.45%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%.


Expense ratio chart for DFNM: current value is 0.17%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DFNM: 0.17%
Expense ratio chart for DFCF: current value is 0.17%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DFCF: 0.17%

Risk-Adjusted Performance

DFNM vs. DFCF — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFNM
The Risk-Adjusted Performance Rank of DFNM is 5555
Overall Rank
The Sharpe Ratio Rank of DFNM is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of DFNM is 4949
Sortino Ratio Rank
The Omega Ratio Rank of DFNM is 5252
Omega Ratio Rank
The Calmar Ratio Rank of DFNM is 6262
Calmar Ratio Rank
The Martin Ratio Rank of DFNM is 5656
Martin Ratio Rank

DFCF
The Risk-Adjusted Performance Rank of DFCF is 8080
Overall Rank
The Sharpe Ratio Rank of DFCF is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of DFCF is 8585
Sortino Ratio Rank
The Omega Ratio Rank of DFCF is 8383
Omega Ratio Rank
The Calmar Ratio Rank of DFCF is 6767
Calmar Ratio Rank
The Martin Ratio Rank of DFCF is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for DFNM, currently valued at 0.50, compared to the broader market-1.000.001.002.003.004.00
DFNM: 0.50
DFCF: 1.20
The chart of Sortino ratio for DFNM, currently valued at 0.66, compared to the broader market-2.000.002.004.006.008.00
DFNM: 0.66
DFCF: 1.73
The chart of Omega ratio for DFNM, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
DFNM: 1.10
DFCF: 1.21
The chart of Calmar ratio for DFNM, currently valued at 0.51, compared to the broader market0.002.004.006.008.0010.0012.00
DFNM: 0.51
DFCF: 0.56
The chart of Martin ratio for DFNM, currently valued at 1.81, compared to the broader market0.0020.0040.0060.00
DFNM: 1.81
DFCF: 3.46

The current DFNM Sharpe Ratio is 0.50, which is lower than the DFCF Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of DFNM and DFCF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.50
1.20
DFNM
DFCF

Dividends

DFNM vs. DFCF - Dividend Comparison

DFNM's dividend yield for the trailing twelve months is around 2.91%, less than DFCF's 4.59% yield.


TTM2024202320222021
DFNM
Dimensional National Municipal Bond ETF
2.91%2.74%2.40%1.16%0.05%
DFCF
Dimensional Core Fixed Income ETF
4.59%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.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.99%
-5.47%
DFNM
DFCF

Volatility

DFNM vs. DFCF - Volatility Comparison

The current volatility for Dimensional National Municipal Bond ETF (DFNM) is 1.99%, while Dimensional Core Fixed Income ETF (DFCF) has a volatility of 2.61%. 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.


0.50%1.00%1.50%2.00%2.50%NovemberDecember2025FebruaryMarchApril
1.99%
2.61%
DFNM
DFCF