DFSD vs. DFCF
Compare and contrast key facts about Dimensional Short-Duration Fixed Income ETF (DFSD) and Dimensional Core Fixed Income ETF (DFCF).
DFSD and DFCF 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. DFCF 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: DFSD or DFCF.
Key characteristics
| DFSD | DFCF | |
|---|---|---|
| YTD Return | 4.22% | 2.85% |
| 1Y Return | 6.84% | 9.42% |
| Sharpe Ratio | 3.37 | 1.54 |
| Sortino Ratio | 5.32 | 2.34 |
| Omega Ratio | 1.79 | 1.28 |
| Calmar Ratio | 2.43 | 0.59 |
| Martin Ratio | 29.80 | 6.14 |
| Ulcer Index | 0.22% | 1.38% |
| Daily Std Dev | 1.98% | 5.49% |
| Max Drawdown | -8.45% | -19.56% |
| Current Drawdown | -0.40% | -6.43% |
Correlation
The correlation between DFSD and DFCF is 0.78, 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. DFCF - Performance Comparison
In the year-to-date period, DFSD achieves a 4.22% return, which is significantly higher than DFCF's 2.85% 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. DFCF - Expense Ratio Comparison
DFSD has a 0.16% expense ratio, which is lower than DFCF's 0.17% expense ratio. Despite the difference, 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. DFCF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Short-Duration Fixed Income ETF (DFSD) 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.
Dividends
DFSD vs. DFCF - Dividend Comparison
DFSD's dividend yield for the trailing twelve months is around 4.59%, which matches DFCF's 4.61% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
DFSD Dimensional Short-Duration Fixed Income ETF | 4.59% | 3.89% | 2.11% | 0.11% |
DFCF Dimensional Core Fixed Income ETF | 4.61% | 4.52% | 3.28% | 0.16% |
Drawdowns
DFSD vs. DFCF - Drawdown Comparison
The maximum DFSD drawdown since its inception was -8.45%, smaller than the maximum DFCF drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for DFSD and DFCF. For additional features, visit the drawdowns tool.
Volatility
DFSD vs. DFCF - Volatility Comparison
The current volatility for Dimensional Short-Duration Fixed Income ETF (DFSD) is 0.47%, while Dimensional Core Fixed Income ETF (DFCF) has a volatility of 1.72%. This indicates that DFSD 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.