DFTEX vs. BLV
Compare and contrast key facts about DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) and Vanguard Long-Term Bond ETF (BLV).
DFTEX is managed by Dimensional Fund Advisors LP. It was launched on Jul 20, 2010. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long 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: DFTEX or BLV.
Key characteristics
| DFTEX | BLV | |
|---|---|---|
| YTD Return | 2.91% | -2.51% |
| 1Y Return | 9.41% | 7.63% |
| 3Y Return (Ann) | -1.90% | -8.56% |
| 5Y Return (Ann) | 0.53% | -2.87% |
| 10Y Return (Ann) | 2.40% | 1.48% |
| Sharpe Ratio | 1.80 | 0.82 |
| Sortino Ratio | 2.71 | 1.23 |
| Omega Ratio | 1.32 | 1.14 |
| Calmar Ratio | 0.68 | 0.29 |
| Martin Ratio | 7.50 | 2.26 |
| Ulcer Index | 1.43% | 4.38% |
| Daily Std Dev | 5.96% | 12.10% |
| Max Drawdown | -22.83% | -38.29% |
| Current Drawdown | -7.59% | -28.08% |
Correlation
The correlation between DFTEX and BLV is 0.89, 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
DFTEX vs. BLV - Performance Comparison
In the year-to-date period, DFTEX achieves a 2.91% return, which is significantly higher than BLV's -2.51% return. Over the past 10 years, DFTEX has outperformed BLV with an annualized return of 2.40%, while BLV has yielded a comparatively lower 1.48% annualized 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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DFTEX vs. BLV - Expense Ratio Comparison
DFTEX has a 0.20% expense ratio, which is higher than BLV'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
DFTEX vs. BLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) and Vanguard Long-Term Bond ETF (BLV). 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
DFTEX vs. BLV - Dividend Comparison
DFTEX's dividend yield for the trailing twelve months is around 4.07%, less than BLV's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund | 4.07% | 3.80% | 3.27% | 2.42% | 2.59% | 3.05% | 3.26% | 2.95% | 3.01% | 3.42% | 3.06% | 2.84% |
BLV Vanguard Long-Term Bond ETF | 4.54% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
DFTEX vs. BLV - Drawdown Comparison
The maximum DFTEX drawdown since its inception was -22.83%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for DFTEX and BLV. For additional features, visit the drawdowns tool.
Volatility
DFTEX vs. BLV - Volatility Comparison
The current volatility for DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) is 1.86%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 4.10%. This indicates that DFTEX experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.