DFNM vs. DFSD
Compare and contrast key facts about Dimensional National Municipal Bond ETF (DFNM) and Dimensional Short-Duration Fixed Income ETF (DFSD).
DFNM and DFSD 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. DFSD 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 DFSD.
Correlation
The correlation between DFNM and DFSD is 0.50, 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. DFSD - Performance Comparison
Key characteristics
DFNM:
1.19
DFSD:
3.62
DFNM:
1.78
DFSD:
5.92
DFNM:
1.22
DFSD:
1.78
DFNM:
1.69
DFSD:
9.48
DFNM:
4.72
DFSD:
25.22
DFNM:
0.57%
DFSD:
0.25%
DFNM:
2.26%
DFSD:
1.77%
DFNM:
-6.98%
DFSD:
-8.45%
DFNM:
-0.46%
DFSD:
0.00%
Returns By Period
In the year-to-date period, DFNM achieves a 0.82% return, which is significantly lower than DFSD's 2.33% return.
DFNM
0.82%
-0.29%
0.17%
2.87%
N/A
N/A
DFSD
2.33%
0.73%
2.42%
6.35%
N/A
N/A
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DFNM vs. DFSD - Expense Ratio Comparison
DFNM has a 0.17% expense ratio, which is higher than DFSD's 0.16% 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
DFNM vs. DFSD — Risk-Adjusted Performance Rank
DFNM
DFSD
DFNM vs. DFSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional National Municipal Bond ETF (DFNM) and Dimensional Short-Duration Fixed Income ETF (DFSD). 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. DFSD - Dividend Comparison
DFNM's dividend yield for the trailing twelve months is around 2.83%, less than DFSD's 4.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
DFNM Dimensional National Municipal Bond ETF | 2.83% | 2.74% | 2.40% | 1.16% | 0.05% |
DFSD Dimensional Short-Duration Fixed Income ETF | 4.59% | 4.81% | 3.89% | 2.11% | 0.11% |
Drawdowns
DFNM vs. DFSD - Drawdown Comparison
The maximum DFNM drawdown since its inception was -6.98%, smaller than the maximum DFSD drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for DFNM and DFSD. For additional features, visit the drawdowns tool.
Volatility
DFNM vs. DFSD - Volatility Comparison
Dimensional National Municipal Bond ETF (DFNM) has a higher volatility of 0.89% compared to Dimensional Short-Duration Fixed Income ETF (DFSD) at 0.65%. This indicates that DFNM's price experiences larger fluctuations and is considered to be riskier than DFSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.