DFYGX vs. USIAX

Last updated Jun 4, 2026

DFYGX (DFA Two-Year Government Portfolio) and USIAX (UBS Ultra Short Income Fund) are both Ultrashort Bond funds. Their correlation of 0.87 suggests significant overlap in exposure. DFYGX charges 0.17%/yr vs 0.35%/yr for USIAX.

Performance

DFYGX vs. USIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Two-Year Government Portfolio (DFYGX) and UBS Ultra Short Income Fund (USIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFYGX

• 1D: 0.00%
• 1M: 0.21%
• YTD: 1.41%
• 6M: 1.69%
• 1Y: 2.63%
• 3Y*: 3.92%
• 5Y*: 1.99%
• 10Y*: 1.43%

USIAX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFYGX vs. USIAX - Yearly Performance Comparison

	2026 (YTD)
DFYGX DFA Two-Year Government Portfolio	0.00%
USIAX UBS Ultra Short Income Fund	0.32%

Correlation

The correlation between DFYGX and USIAX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.87

Return for Risk

DFYGX vs. USIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFYGX

DFYGX Risk / Return Rank: 55
DFYGX Sharpe Ratio Rank: 52
DFYGX Sortino Ratio Rank: 35
DFYGX Omega Ratio Rank: 99
DFYGX Calmar Ratio Rank: 46
DFYGX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFYGX vs. USIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Two-Year Government Portfolio (DFYGX) and UBS Ultra Short Income Fund (USIAX). 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	USIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	2.55	—	—
Calmar ratio: Return relative to maximum drawdown	2.57	—	—
Martin ratio: Return relative to average drawdown	9.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DFYGX	USIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.85	12.88	-11.03

Drawdowns

DFYGX vs. USIAX - Drawdown Comparison

The maximum DFYGX drawdown since its inception was -4.46%, which is greater than USIAX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DFYGX and USIAX.

Drawdown Indicators

	DFYGX	USIAX	Difference
Max Drawdown Largest peak-to-trough decline	-4.46%	0.00%	-4.46%
Max Drawdown (1Y) Largest decline over 1 year	-1.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-4.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-4.46%	—	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.30%	0.00%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	—	—

Volatility

Volatility by Period

	DFYGX	USIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.26%	2.98%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.24%	2.98%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.00%	2.98%	-1.98%

DFYGX vs. USIAX - Expense Ratio Comparison

DFYGX has a 0.17% expense ratio, which is lower than USIAX's 0.35% expense ratio.

Dividends

DFYGX vs. USIAX - Dividend Comparison

DFYGX's dividend yield for the trailing twelve months is around 2.80%, more than USIAX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFYGX DFA Two-Year Government Portfolio	2.80%	2.04%	4.84%	3.07%	1.14%	0.00%	0.27%	1.87%	1.82%	1.01%	0.58%	0.49%
USIAX UBS Ultra Short Income Fund	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFYGX and USIAX in my portfolio?

DFYGX and USIAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.