DFNM vs. SUB
Compare and contrast key facts about Dimensional National Municipal Bond ETF (DFNM) and iShares Short-Term National Muni Bond ETF (SUB).
DFNM and SUB 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. SUB is a passively managed fund by iShares that tracks the performance of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFNM or SUB.
Correlation
The correlation between DFNM and SUB is 0.14, 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.
Performance
DFNM vs. SUB - Performance Comparison
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Key characteristics
DFNM:
0.57
SUB:
1.84
DFNM:
0.67
SUB:
2.22
DFNM:
1.10
SUB:
1.40
DFNM:
0.53
SUB:
2.54
DFNM:
1.70
SUB:
8.60
DFNM:
0.86%
SUB:
0.37%
DFNM:
2.92%
SUB:
1.82%
DFNM:
-6.99%
SUB:
-9.46%
DFNM:
-1.47%
SUB:
-0.19%
Returns By Period
In the year-to-date period, DFNM achieves a -0.20% return, which is significantly lower than SUB's 0.96% return.
DFNM
-0.20%
0.68%
-0.29%
1.65%
2.06%
N/A
N/A
SUB
0.96%
0.65%
1.15%
3.33%
2.40%
1.01%
1.30%
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DFNM vs. SUB - Expense Ratio Comparison
DFNM has a 0.17% expense ratio, which is higher than SUB's 0.07% 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. SUB — Risk-Adjusted Performance Rank
DFNM
SUB
DFNM vs. SUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional National Municipal Bond ETF (DFNM) and iShares Short-Term National Muni Bond ETF (SUB). 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.
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Dividends
DFNM vs. SUB - Dividend Comparison
DFNM's dividend yield for the trailing twelve months is around 2.89%, more than SUB's 2.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFNM Dimensional National Municipal Bond ETF | 2.89% | 2.74% | 2.40% | 1.16% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUB iShares Short-Term National Muni Bond ETF | 2.20% | 2.10% | 1.73% | 0.86% | 0.72% | 1.23% | 1.58% | 1.32% | 0.95% | 0.75% | 0.77% | 0.76% |
Drawdowns
DFNM vs. SUB - Drawdown Comparison
The maximum DFNM drawdown since its inception was -6.99%, smaller than the maximum SUB drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for DFNM and SUB. For additional features, visit the drawdowns tool.
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Volatility
DFNM vs. SUB - Volatility Comparison
Dimensional National Municipal Bond ETF (DFNM) has a higher volatility of 0.85% compared to iShares Short-Term National Muni Bond ETF (SUB) at 0.25%. This indicates that DFNM's price experiences larger fluctuations and is considered to be riskier than SUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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