DFSD vs. SUB
Compare and contrast key facts about Dimensional Short-Duration Fixed Income ETF (DFSD) and iShares Short-Term National Muni Bond ETF (SUB).
DFSD and SUB 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. 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: DFSD or SUB.
Key characteristics
| DFSD | SUB | |
|---|---|---|
| YTD Return | 4.22% | 1.85% |
| 1Y Return | 6.84% | 3.87% |
| Sharpe Ratio | 3.37 | 2.54 |
| Sortino Ratio | 5.32 | 4.02 |
| Omega Ratio | 1.79 | 1.53 |
| Calmar Ratio | 2.43 | 2.50 |
| Martin Ratio | 29.80 | 12.58 |
| Ulcer Index | 0.22% | 0.30% |
| Daily Std Dev | 1.98% | 1.49% |
| Max Drawdown | -8.45% | -9.46% |
| Current Drawdown | -0.40% | -0.50% |
Correlation
The correlation between DFSD and SUB 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
DFSD vs. SUB - Performance Comparison
In the year-to-date period, DFSD achieves a 4.22% return, which is significantly higher than SUB's 1.85% 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. SUB - Expense Ratio Comparison
DFSD has a 0.16% 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
DFSD vs. SUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Short-Duration Fixed Income ETF (DFSD) 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.
Dividends
DFSD vs. SUB - Dividend Comparison
DFSD's dividend yield for the trailing twelve months is around 4.59%, more than SUB's 2.04% 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% |
SUB iShares Short-Term National Muni Bond ETF | 2.04% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% | 0.84% |
Drawdowns
DFSD vs. SUB - Drawdown Comparison
The maximum DFSD drawdown since its inception was -8.45%, smaller than the maximum SUB drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for DFSD and SUB. For additional features, visit the drawdowns tool.
Volatility
DFSD vs. SUB - Volatility Comparison
The current volatility for Dimensional Short-Duration Fixed Income ETF (DFSD) is 0.47%, while iShares Short-Term National Muni Bond ETF (SUB) has a volatility of 0.67%. This indicates that DFSD experiences smaller price fluctuations and is considered to be less risky than SUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.