DFTEX vs. VICBX
DFTEX (DFA Intermediate-Term Extended Quality Portfolio Fund) and VICBX (Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares) are both Corporate Bonds funds. Over the past 10 years, DFTEX returned 2.39%/yr vs 3.21%/yr for VICBX. With a 0.96 correlation, they move nearly in lockstep. DFTEX charges 0.20%/yr vs 0.05%/yr for VICBX.
Performance
DFTEX vs. VICBX - Performance Comparison
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Returns By Period
In the year-to-date period, DFTEX achieves a 0.97% return, which is significantly higher than VICBX's 0.39% return. Over the past 10 years, DFTEX has underperformed VICBX with an annualized return of 2.39%, while VICBX has yielded a comparatively higher 3.21% annualized return.
DFTEX
- 1D
- 0.10%
- 1M
- 1.00%
- YTD
- 0.97%
- 6M
- 0.78%
- 1Y
- 6.66%
- 3Y*
- 5.95%
- 5Y*
- 0.84%
- 10Y*
- 2.39%
VICBX
- 1D
- 0.00%
- 1M
- 0.56%
- YTD
- 0.39%
- 6M
- 0.32%
- 1Y
- 6.40%
- 3Y*
- 6.25%
- 5Y*
- 1.42%
- 10Y*
- 3.21%
DFTEX vs. VICBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund | 0.97% | 7.70% | 2.89% | 9.61% | -16.28% | -2.05% | 10.26% | 13.38% | -2.10% | 5.20% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 0.39% | 9.37% | 3.67% | 8.87% | -14.06% | -1.50% | 9.57% | 15.96% | -1.72% | 5.50% |
Correlation
The correlation between DFTEX and VICBX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012 | 0.96 |
The correlation between DFTEX and VICBX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
DFTEX vs. VICBX — Risk / Return Rank
DFTEX
VICBX
DFTEX vs. VICBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX). 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.
| DFTEX | VICBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.22 | -0.08 |
| Martin ratioReturn relative to average drawdown | 7.07 | 7.44 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFTEX | VICBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.68 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.23 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.60 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.88 | -0.40 |
Drawdowns
DFTEX vs. VICBX - Drawdown Comparison
The maximum DFTEX drawdown since its inception was -22.83%, which is greater than VICBX's maximum drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for DFTEX and VICBX.
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Drawdown Indicators
| DFTEX | VICBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.83% | -20.55% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -2.95% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.38% | -5.98% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -22.83% | -20.55% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -22.83% | -20.55% | -2.28% |
Current DrawdownCurrent decline from peak | -0.84% | -1.14% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -3.14% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.88% | +0.09% |
Volatility
DFTEX vs. VICBX - Volatility Comparison
DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) have volatilities of 1.39% and 1.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFTEX | VICBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.39% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 2.89% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 3.91% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 6.16% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.89% | 5.34% | +0.55% |
DFTEX vs. VICBX - Expense Ratio Comparison
DFTEX has a 0.20% expense ratio, which is higher than VICBX's 0.05% 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
DFTEX vs. VICBX - Dividend Comparison
DFTEX's dividend yield for the trailing twelve months is around 4.93%, more than VICBX's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund | 4.93% | 4.30% | 4.27% | 3.79% | 3.25% | 4.12% | 3.31% | 3.06% | 3.24% | 2.91% | 2.88% | 3.90% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 4.79% | 4.61% | 4.79% | 3.72% | 3.02% | 2.82% | 2.79% | 5.01% | 3.64% | 3.23% | 3.32% | 3.39% |
Frequently Asked Questions
With a correlation of 0.94, DFTEX and VICBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VICBX has higher volatility (1.39%) compared to DFTEX (1.39%). In terms of maximum drawdown, DFTEX dropped -22.83% vs VICBX's -20.55%.
VICBX currently has the higher Sharpe Ratio (1.68 vs 1.64), 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.
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