DFYGX vs. TSDUX
Compare and contrast key facts about DFA Two-Year Government Portfolio (DFYGX) and Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX).
DFYGX is managed by Dimensional. It was launched on Jun 6, 1996. TSDUX is managed by Morgan Stanley. It was launched on Mar 8, 2016.
Performance
DFYGX vs. TSDUX - Performance Comparison
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DFYGX vs. TSDUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFYGX DFA Two-Year Government Portfolio | 0.88% | 2.16% | 5.15% | 5.00% | -3.02% | -0.51% | 0.38% | 2.20% | 1.42% | 0.29% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 0.56% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.73% |
Returns By Period
In the year-to-date period, DFYGX achieves a 0.88% return, which is significantly higher than TSDUX's 0.56% return. Over the past 10 years, DFYGX has underperformed TSDUX with an annualized return of 1.38%, while TSDUX has yielded a comparatively higher 2.61% annualized return.
DFYGX
- 1D
- 0.04%
- 1M
- 0.25%
- YTD
- 0.88%
- 6M
- 1.90%
- 1Y
- 2.85%
- 3Y*
- 3.99%
- 5Y*
- 1.89%
- 10Y*
- 1.38%
TSDUX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.56%
- 6M
- 0.87%
- 1Y
- 2.55%
- 3Y*
- 4.92%
- 5Y*
- 3.14%
- 10Y*
- 2.61%
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DFYGX vs. TSDUX - Expense Ratio Comparison
DFYGX has a 0.17% expense ratio, which is lower than TSDUX's 0.62% expense ratio.
Return for Risk
DFYGX vs. TSDUX — Risk / Return Rank
DFYGX
TSDUX
DFYGX vs. TSDUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Two-Year Government Portfolio (DFYGX) and Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX). 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.
| DFYGX | TSDUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.38 | 1.99 | +0.39 |
Sortino ratioReturn per unit of downside risk | 2.73 | 2.82 | -0.10 |
Omega ratioGain probability vs. loss probability | 3.66 | 1.79 | +1.87 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 4.43 | -2.41 |
Martin ratioReturn relative to average drawdown | 5.58 | 20.41 | -14.83 |
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
| DFYGX | TSDUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.99 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.56 | 2.95 | -1.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.40 | 2.43 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.85 | 2.42 | -0.57 |
Correlation
The correlation between DFYGX and TSDUX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DFYGX vs. TSDUX - Dividend Comparison
DFYGX's dividend yield for the trailing twelve months is around 2.81%, more than TSDUX's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFYGX DFA Two-Year Government Portfolio | 2.81% | 2.04% | 4.84% | 3.07% | 1.14% | 0.00% | 0.27% | 1.87% | 1.82% | 1.01% | 0.58% | 0.49% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.10% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% | 0.00% |
Drawdowns
DFYGX vs. TSDUX - Drawdown Comparison
The maximum DFYGX drawdown since its inception was -4.46%, which is greater than TSDUX's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for DFYGX and TSDUX.
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Drawdown Indicators
| DFYGX | TSDUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.46% | -3.94% | -0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -1.04% | -0.72% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -4.36% | -1.72% | -2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -4.46% | -3.94% | -0.52% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -0.19% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.16% | +0.22% |
Volatility
DFYGX vs. TSDUX - Volatility Comparison
The current volatility for DFA Two-Year Government Portfolio (DFYGX) is 0.15%, while Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) has a volatility of 0.31%. This indicates that DFYGX experiences smaller price fluctuations and is considered to be less risky than TSDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFYGX | TSDUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.31% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 0.74% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 1.52% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.22% | 1.10% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 1.09% | -0.09% |