DFTIX vs. VNQI
Compare and contrast key facts about DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) and Vanguard Global ex-U.S. Real Estate ETF (VNQI).
DFTIX is managed by Dimensional Fund Advisors LP. It was launched on Feb 29, 2012. VNQI is a passively managed fund by Vanguard that tracks the performance of the S&P Global ex-U.S. Property Index. It was launched on Nov 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFTIX or VNQI.
Key characteristics
| DFTIX | VNQI | |
|---|---|---|
| YTD Return | -0.57% | 1.10% |
| 1Y Return | 3.05% | 10.86% |
| 3Y Return (Ann) | -0.08% | -6.00% |
| 5Y Return (Ann) | 0.99% | -1.97% |
| 10Y Return (Ann) | 1.47% | 1.27% |
| Sharpe Ratio | 1.21 | 0.57 |
| Daily Std Dev | 2.26% | 15.35% |
| Max Drawdown | -8.02% | -38.35% |
| Current Drawdown | -0.84% | -21.18% |
Correlation
The correlation between DFTIX and VNQI is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DFTIX vs. VNQI - Performance Comparison
In the year-to-date period, DFTIX achieves a -0.57% return, which is significantly lower than VNQI's 1.10% return. Over the past 10 years, DFTIX has outperformed VNQI with an annualized return of 1.47%, while VNQI has yielded a comparatively lower 1.27% 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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DFTIX vs. VNQI - Expense Ratio Comparison
DFTIX has a 0.20% expense ratio, which is higher than VNQI's 0.12% 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
DFTIX vs. VNQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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. VNQI - Dividend Comparison
DFTIX's dividend yield for the trailing twelve months is around 1.88%, less than VNQI's 3.70% 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% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 3.70% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% | 3.27% |
Drawdowns
DFTIX vs. VNQI - Drawdown Comparison
The maximum DFTIX drawdown since its inception was -8.02%, smaller than the maximum VNQI drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for DFTIX and VNQI. For additional features, visit the drawdowns tool.
Volatility
DFTIX vs. VNQI - Volatility Comparison
The current volatility for DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) is 0.47%, while Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a volatility of 4.46%. This indicates that DFTIX experiences smaller price fluctuations and is considered to be less risky than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.