DFSD vs. DFIHX

Last updated Jun 24, 2026

DFSD (Dimensional Short-Duration Fixed Income ETF) and DFIHX (DFA One Year Fixed Income Portfolio) are both funds - DFSD is a Short-Term Bond fund actively managed by Dimensional, while DFIHX is a Ultrashort Bond fund managed by Dimensional. Over the past 3 years, DFSD returned 5.16%/yr vs 4.39%/yr for DFIHX. At a 0.34 correlation, their price movements are largely independent. DFSD charges 0.16%/yr vs 0.13%/yr for DFIHX.

Performance

DFSD vs. DFIHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Short-Duration Fixed Income ETF (DFSD) and DFA One Year Fixed Income Portfolio (DFIHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFSD achieves a 0.22% return, which is significantly lower than DFIHX's 1.52% return.

DFSD

• 1D: -0.44%
• 1M: -0.17%
• YTD: 0.22%
• 6M: 0.39%
• 1Y: 3.30%
• 3Y*: 5.16%
• 5Y*: —
• 10Y*: —

DFIHX

• 1D: -0.10%
• 1M: 0.20%
• YTD: 1.52%
• 6M: 1.62%
• 1Y: 3.45%
• 3Y*: 4.39%
• 5Y*: 2.76%
• 10Y*: 1.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFSD vs. DFIHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DFSD Dimensional Short-Duration Fixed Income ETF	0.22%	6.59%	4.60%	6.09%	-5.87%	-0.05%
DFIHX DFA One Year Fixed Income Portfolio	1.52%	3.41%	5.41%	4.98%	-1.19%	-0.09%

Correlation

The correlation between DFSD and DFIHX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.34

The correlation between DFSD and DFIHX shifts across timeframes, from 0.10 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DFSD vs. DFIHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFSD

DFSD Risk / Return Rank: 52
DFSD Sharpe Ratio Rank: 51
DFSD Sortino Ratio Rank: 55
DFSD Omega Ratio Rank: 54
DFSD Calmar Ratio Rank: 48
DFSD Martin Ratio Rank: 52

DFIHX

DFIHX Risk / Return Rank: 99
DFIHX Sharpe Ratio Rank: 99
DFIHX Sortino Ratio Rank: 99
DFIHX Omega Ratio Rank: 100
DFIHX Calmar Ratio Rank: 98
DFIHX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFSD vs. DFIHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Short-Duration Fixed Income ETF (DFSD) and DFA One Year Fixed Income Portfolio (DFIHX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DFSD	DFIHX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	4.69	-3.01
Sortino ratio: Return per unit of downside risk	2.48	7.80	-5.32
Omega ratio: Gain probability vs. loss probability	1.32	5.03	-3.71
Calmar ratio: Return relative to maximum drawdown	2.26	8.97	-6.71
Martin ratio: Return relative to average drawdown	8.48	53.89	-45.41

DFSD vs. DFIHX - Sharpe Ratio Comparison

The current DFSD Sharpe Ratio is 1.67, which is lower than the DFIHX Sharpe Ratio of 4.69. The chart below compares the historical Sharpe Ratios of DFSD and DFIHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFSD vs. DFIHX - Drawdown Comparison

The maximum DFSD drawdown since its inception was -8.45%, which is greater than DFIHX's maximum drawdown of -2.53%. Use the drawdown chart below to compare losses from any high point for DFSD and DFIHX.

Drawdown Indicators

	DFSD	DFIHX	Difference
Max Drawdown Largest peak-to-trough decline	-8.45%	-2.53%	-5.92%
Max Drawdown (1Y) Largest decline over 1 year	-1.47%	-0.39%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-1.47%	-0.49%	-0.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-2.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-2.26%	—
Current Drawdown Current decline from peak	-0.83%	-0.10%	-0.73%
Average Drawdown Average peak-to-trough decline	-2.05%	-0.15%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	0.06%	+0.33%

Volatility

DFSD vs. DFIHX - Volatility Comparison

Dimensional Short-Duration Fixed Income ETF (DFSD) has a higher volatility of 0.78% compared to DFA One Year Fixed Income Portfolio (DFIHX) at 0.28%. This indicates that DFSD's price experiences larger fluctuations and is considered to be riskier than DFIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFSD	DFIHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	0.28%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	1.59%	0.48%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	1.98%	0.75%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	1.01%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	0.80%	+1.98%

DFSD vs. DFIHX - Expense Ratio Comparison

DFSD has a 0.16% expense ratio, which is higher than DFIHX's 0.13% 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%.

Dividends

DFSD vs. DFIHX - Dividend Comparison

DFSD's dividend yield for the trailing twelve months is around 3.99%, more than DFIHX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFIHX DFA One Year Fixed Income Portfolio	3.58%	3.26%	4.99%	3.37%	1.07%	0.00%	0.62%	2.12%	1.85%	1.13%	0.66%	0.51%
DFSD Dimensional Short-Duration Fixed Income ETF	3.99%	4.12%	4.81%	3.89%	2.12%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFSD and DFIHX in my portfolio?

DFSD and DFIHX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFSD or DFIHX?

DFSD has higher volatility (0.78%) compared to DFIHX (0.28%). In terms of maximum drawdown, DFSD dropped -8.45% vs DFIHX's -2.53%.

Which has better risk-adjusted returns?

DFIHX currently has the higher Sharpe Ratio (4.69 vs 1.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.