DFSD vs. VCSH
Compare and contrast key facts about Dimensional Short-Duration Fixed Income ETF (DFSD) and Vanguard Short-Term Corporate Bond ETF (VCSH).
DFSD and VCSH 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. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFSD or VCSH.
Correlation
The correlation between DFSD and VCSH is 0.85, 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. VCSH - Performance Comparison
Key characteristics
DFSD:
2.10
VCSH:
2.24
DFSD:
2.82
VCSH:
3.34
DFSD:
1.44
VCSH:
1.43
DFSD:
2.64
VCSH:
3.71
DFSD:
14.36
VCSH:
11.00
DFSD:
0.28%
VCSH:
0.48%
DFSD:
1.90%
VCSH:
2.34%
DFSD:
-8.45%
VCSH:
-12.86%
DFSD:
-1.52%
VCSH:
-0.91%
Returns By Period
In the year-to-date period, DFSD achieves a 3.40% return, which is significantly lower than VCSH's 4.54% return.
DFSD
3.40%
-0.83%
1.58%
3.89%
N/A
N/A
VCSH
4.54%
0.07%
2.93%
5.15%
1.89%
2.33%
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DFSD vs. VCSH - Expense Ratio Comparison
DFSD has a 0.16% expense ratio, which is higher than VCSH'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. VCSH - 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 Corporate Bond ETF (VCSH). 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. VCSH - Dividend Comparison
DFSD's dividend yield for the trailing twelve months is around 3.94%, more than VCSH's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSD Dimensional Short-Duration Fixed Income ETF | 3.94% | 3.89% | 2.11% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.90% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
Drawdowns
DFSD vs. VCSH - Drawdown Comparison
The maximum DFSD drawdown since its inception was -8.45%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for DFSD and VCSH. For additional features, visit the drawdowns tool.
Volatility
DFSD vs. VCSH - Volatility Comparison
Dimensional Short-Duration Fixed Income ETF (DFSD) has a higher volatility of 1.06% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.68%. This indicates that DFSD's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.