DFSD vs. BSV
Compare and contrast key facts about Dimensional Short-Duration Fixed Income ETF (DFSD) and Vanguard Short-Term Bond ETF (BSV).
DFSD and BSV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFSD is an actively managed fund by Dimensional. It was launched on Nov 15, 2021. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFSD or BSV.
Key characteristics
| DFSD | BSV | |
|---|---|---|
| YTD Return | 4.22% | 3.38% |
| 1Y Return | 6.84% | 6.39% |
| Sharpe Ratio | 3.37 | 2.33 |
| Sortino Ratio | 5.32 | 3.63 |
| Omega Ratio | 1.79 | 1.46 |
| Calmar Ratio | 2.43 | 1.27 |
| Martin Ratio | 29.80 | 10.81 |
| Ulcer Index | 0.22% | 0.57% |
| Daily Std Dev | 1.98% | 2.62% |
| Max Drawdown | -8.45% | -8.54% |
| Current Drawdown | -0.40% | -1.24% |
Correlation
The correlation between DFSD and BSV is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFSD vs. BSV - Performance Comparison
In the year-to-date period, DFSD achieves a 4.22% return, which is significantly higher than BSV's 3.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFSD vs. BSV - Expense Ratio Comparison
DFSD has a 0.16% expense ratio, which is higher than BSV's 0.04% 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
DFSD vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Short-Duration Fixed Income ETF (DFSD) and Vanguard Short-Term Bond ETF (BSV). 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
DFSD vs. BSV - Dividend Comparison
DFSD's dividend yield for the trailing twelve months is around 4.59%, more than BSV's 3.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSD Dimensional Short-Duration Fixed Income ETF | 4.59% | 3.89% | 2.11% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 3.26% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
Drawdowns
DFSD vs. BSV - Drawdown Comparison
The maximum DFSD drawdown since its inception was -8.45%, roughly equal to the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for DFSD and BSV. For additional features, visit the drawdowns tool.
Volatility
DFSD vs. BSV - Volatility Comparison
The current volatility for Dimensional Short-Duration Fixed Income ETF (DFSD) is 0.47%, while Vanguard Short-Term Bond ETF (BSV) has a volatility of 0.54%. This indicates that DFSD experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.