DFTEX vs. BNDX
Compare and contrast key facts about DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) and Vanguard Total International Bond ETF (BNDX).
DFTEX is managed by Dimensional Fund Advisors LP. It was launched on Jul 20, 2010. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFTEX or BNDX.
Key characteristics
| DFTEX | BNDX | |
|---|---|---|
| YTD Return | 3.99% | 3.01% |
| 1Y Return | 12.15% | 8.40% |
| 3Y Return (Ann) | -1.87% | -1.05% |
| 5Y Return (Ann) | 0.88% | 0.05% |
| 10Y Return (Ann) | 2.54% | 2.04% |
| Sharpe Ratio | 1.92 | 1.89 |
| Sortino Ratio | 2.88 | 2.89 |
| Omega Ratio | 1.35 | 1.33 |
| Calmar Ratio | 0.68 | 0.66 |
| Martin Ratio | 8.15 | 7.05 |
| Ulcer Index | 1.40% | 1.13% |
| Daily Std Dev | 5.95% | 4.21% |
| Max Drawdown | -22.83% | -16.23% |
| Current Drawdown | -6.63% | -4.59% |
Correlation
The correlation between DFTEX and BNDX is 0.71, 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. BNDX - Performance Comparison
In the year-to-date period, DFTEX achieves a 3.99% return, which is significantly higher than BNDX's 3.01% return. Over the past 10 years, DFTEX has outperformed BNDX with an annualized return of 2.54%, while BNDX has yielded a comparatively lower 2.04% 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. BNDX - Expense Ratio Comparison
DFTEX has a 0.20% expense ratio, which is higher than BNDX'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
DFTEX vs. BNDX - 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 Total International Bond ETF (BNDX). 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. BNDX - Dividend Comparison
DFTEX's dividend yield for the trailing twelve months is around 4.03%, less than BNDX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund | 4.03% | 3.80% | 3.27% | 2.42% | 2.59% | 3.05% | 3.26% | 2.95% | 3.01% | 3.42% | 3.06% | 2.84% |
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
DFTEX vs. BNDX - Drawdown Comparison
The maximum DFTEX drawdown since its inception was -22.83%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for DFTEX and BNDX. For additional features, visit the drawdowns tool.
Volatility
DFTEX vs. BNDX - Volatility Comparison
DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) has a higher volatility of 1.82% compared to Vanguard Total International Bond ETF (BNDX) at 0.96%. This indicates that DFTEX's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.