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DFNM vs. DFIP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DFNM and DFIP 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.


-0.50.00.51.0
Correlation: 0.5

Performance

DFNM vs. DFIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional National Municipal Bond ETF (DFNM) and Dimensional Inflation-Protected Securities ETF (DFIP). The values are adjusted to include any dividend payments, if applicable.

-8.00%-6.00%-4.00%-2.00%0.00%2.00%NovemberDecember2025FebruaryMarchApril
2.04%
-2.84%
DFNM
DFIP

Key characteristics

Sharpe Ratio

DFNM:

1.15

DFIP:

1.47

Sortino Ratio

DFNM:

1.71

DFIP:

2.07

Omega Ratio

DFNM:

1.21

DFIP:

1.27

Calmar Ratio

DFNM:

1.63

DFIP:

0.65

Martin Ratio

DFNM:

4.56

DFIP:

4.21

Ulcer Index

DFNM:

0.57%

DFIP:

1.75%

Daily Std Dev

DFNM:

2.27%

DFIP:

5.00%

Max Drawdown

DFNM:

-6.98%

DFIP:

-14.96%

Current Drawdown

DFNM:

-0.71%

DFIP:

-3.51%

Returns By Period

In the year-to-date period, DFNM achieves a 0.57% return, which is significantly lower than DFIP's 4.80% return.


DFNM

YTD

0.57%

1M

-0.40%

6M

0.12%

1Y

2.54%

5Y*

N/A

10Y*

N/A

DFIP

YTD

4.80%

1M

1.64%

6M

2.36%

1Y

6.92%

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. DFIP - Expense Ratio Comparison

DFNM has a 0.17% expense ratio, which is higher than DFIP's 0.11% 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%.


DFNM
Dimensional National Municipal Bond ETF
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 DFIP: current value is 0.11%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DFIP: 0.11%

Risk-Adjusted Performance

DFNM vs. DFIP — 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 8787
Overall Rank
The Sharpe Ratio Rank of DFNM is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of DFNM is 8787
Sortino Ratio Rank
The Omega Ratio Rank of DFNM is 8686
Omega Ratio Rank
The Calmar Ratio Rank of DFNM is 9090
Calmar Ratio Rank
The Martin Ratio Rank of DFNM is 8484
Martin Ratio Rank

DFIP
The Risk-Adjusted Performance Rank of DFIP is 8686
Overall Rank
The Sharpe Ratio Rank of DFIP is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of DFIP is 9090
Sortino Ratio Rank
The Omega Ratio Rank of DFIP is 9191
Omega Ratio Rank
The Calmar Ratio Rank of DFIP is 7777
Calmar Ratio Rank
The Martin Ratio Rank of DFIP is 8383
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. DFIP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional National Municipal Bond ETF (DFNM) and Dimensional Inflation-Protected Securities ETF (DFIP). 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.


Sharpe ratio
The chart of Sharpe ratio for DFNM, currently valued at 1.15, compared to the broader market-1.000.001.002.003.004.00
DFNM: 1.15
DFIP: 1.47
The chart of Sortino ratio for DFNM, currently valued at 1.71, compared to the broader market-2.000.002.004.006.008.0010.00
DFNM: 1.71
DFIP: 2.07
The chart of Omega ratio for DFNM, currently valued at 1.21, compared to the broader market0.501.001.502.002.50
DFNM: 1.21
DFIP: 1.27
The chart of Calmar ratio for DFNM, currently valued at 1.63, compared to the broader market0.005.0010.0015.00
DFNM: 1.63
DFIP: 0.65
The chart of Martin ratio for DFNM, currently valued at 4.56, compared to the broader market0.0020.0040.0060.0080.00
DFNM: 4.56
DFIP: 4.21

The current DFNM Sharpe Ratio is 1.15, which is comparable to the DFIP Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of DFNM and DFIP, 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 Ratio0.000.501.001.502.002.503.003.50NovemberDecember2025FebruaryMarchApril
1.15
1.47
DFNM
DFIP

Dividends

DFNM vs. DFIP - Dividend Comparison

DFNM's dividend yield for the trailing twelve months is around 2.84%, less than DFIP's 3.98% yield.


TTM2024202320222021
DFNM
Dimensional National Municipal Bond ETF
2.84%2.74%2.40%1.16%0.05%
DFIP
Dimensional Inflation-Protected Securities ETF
3.98%3.69%3.68%5.97%0.56%

Drawdowns

DFNM vs. DFIP - Drawdown Comparison

The maximum DFNM drawdown since its inception was -6.98%, smaller than the maximum DFIP drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for DFNM and DFIP. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-0.71%
-3.51%
DFNM
DFIP

Volatility

DFNM vs. DFIP - Volatility Comparison

The current volatility for Dimensional National Municipal Bond ETF (DFNM) is 0.91%, while Dimensional Inflation-Protected Securities ETF (DFIP) has a volatility of 1.51%. This indicates that DFNM experiences smaller price fluctuations and is considered to be less risky than DFIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%1.60%NovemberDecember2025FebruaryMarchApril
0.91%
1.51%
DFNM
DFIP
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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