DFTIX vs. FMB
Compare and contrast key facts about DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) and First Trust Managed Municipal ETF (FMB).
DFTIX is managed by Dimensional Fund Advisors LP. It was launched on Feb 29, 2012. FMB is an actively managed fund by First Trust. It was launched on May 13, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFTIX or FMB.
Key characteristics
| DFTIX | FMB | |
|---|---|---|
| YTD Return | -0.57% | 0.07% |
| 1Y Return | 3.05% | 4.46% |
| 3Y Return (Ann) | -0.08% | -1.00% |
| 5Y Return (Ann) | 0.99% | 1.20% |
| 10Y Return (Ann) | 1.47% | 2.94% |
| Sharpe Ratio | 1.21 | 0.97 |
| Daily Std Dev | 2.26% | 4.08% |
| Max Drawdown | -8.02% | -14.16% |
| Current Drawdown | -0.84% | -4.65% |
Correlation
The correlation between DFTIX and FMB 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
DFTIX vs. FMB - Performance Comparison
In the year-to-date period, DFTIX achieves a -0.57% return, which is significantly lower than FMB's 0.07% return. Over the past 10 years, DFTIX has underperformed FMB with an annualized return of 1.47%, while FMB has yielded a comparatively higher 2.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DFTIX vs. FMB - Expense Ratio Comparison
DFTIX has a 0.20% expense ratio, which is lower than FMB's 0.50% expense ratio.
Risk-Adjusted Performance
DFTIX vs. FMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) and First Trust Managed Municipal ETF (FMB). 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
DFTIX vs. FMB - Dividend Comparison
DFTIX's dividend yield for the trailing twelve months is around 1.88%, less than FMB's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFTIX DFA Intermediate-Term Municipal Bond Portfolio | 1.88% | 1.76% | 1.47% | 1.31% | 1.49% | 1.55% | 1.52% | 1.33% | 1.36% | 1.47% | 1.58% | 1.08% |
FMB First Trust Managed Municipal ETF | 3.06% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% | 1.70% | 0.00% |
Drawdowns
DFTIX vs. FMB - Drawdown Comparison
The maximum DFTIX drawdown since its inception was -8.02%, smaller than the maximum FMB drawdown of -14.16%. Use the drawdown chart below to compare losses from any high point for DFTIX and FMB. For additional features, visit the drawdowns tool.
Volatility
DFTIX vs. FMB - Volatility Comparison
The current volatility for DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) is 0.47%, while First Trust Managed Municipal ETF (FMB) has a volatility of 0.67%. This indicates that DFTIX experiences smaller price fluctuations and is considered to be less risky than FMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.