DNYMX vs. DFABX
Compare and contrast key facts about DFA NY Municipal Bond Portfolio (DNYMX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX).
DNYMX is managed by Dimensional. It was launched on Jun 15, 2015. DFABX is managed by Dimensional. It was launched on Apr 11, 2022.
Performance
DNYMX vs. DFABX - Performance Comparison
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DNYMX vs. DFABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DNYMX DFA NY Municipal Bond Portfolio | 0.57% | 2.69% | 2.87% | 2.76% | 0.60% |
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 0.58% | 2.46% | 2.90% | 2.87% | 0.55% |
Returns By Period
The year-to-date returns for both investments are quite close, with DNYMX having a 0.57% return and DFABX slightly higher at 0.58%.
DNYMX
- 1D
- 0.10%
- 1M
- -0.04%
- YTD
- 0.57%
- 6M
- 1.24%
- 1Y
- 2.87%
- 3Y*
- 2.67%
- 5Y*
- 1.51%
- 10Y*
- 1.34%
DFABX
- 1D
- 0.00%
- 1M
- -0.05%
- YTD
- 0.58%
- 6M
- 1.12%
- 1Y
- 2.63%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
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DNYMX vs. DFABX - Expense Ratio Comparison
Both DNYMX and DFABX have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
DNYMX vs. DFABX — Risk / Return Rank
DNYMX
DFABX
DNYMX vs. DFABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA NY Municipal Bond Portfolio (DNYMX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). 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.
| DNYMX | DFABX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.14 | 3.90 | -0.76 |
Sortino ratioReturn per unit of downside risk | 4.88 | 7.13 | -2.25 |
Omega ratioGain probability vs. loss probability | 2.61 | 3.50 | -0.89 |
Calmar ratioReturn relative to maximum drawdown | 3.24 | 5.04 | -1.80 |
Martin ratioReturn relative to average drawdown | 20.17 | 27.87 | -7.70 |
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
| DNYMX | DFABX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 3.90 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 2.44 | -1.13 |
Correlation
The correlation between DNYMX and DFABX is 0.36, 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.
Dividends
DNYMX vs. DFABX - Dividend Comparison
DNYMX's dividend yield for the trailing twelve months is around 2.74%, more than DFABX's 2.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DNYMX DFA NY Municipal Bond Portfolio | 2.74% | 2.36% | 2.73% | 1.92% | 0.70% | 0.59% | 1.06% | 1.31% | 1.21% | 1.04% | 1.08% |
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 2.70% | 2.33% | 2.86% | 2.52% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DNYMX vs. DFABX - Drawdown Comparison
The maximum DNYMX drawdown since its inception was -3.19%, which is greater than DFABX's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for DNYMX and DFABX.
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Drawdown Indicators
| DNYMX | DFABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.19% | -2.46% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -0.50% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.19% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.06% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -0.25% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 0.09% | +0.05% |
Volatility
DNYMX vs. DFABX - Volatility Comparison
DFA NY Municipal Bond Portfolio (DNYMX) has a higher volatility of 0.21% compared to DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) at 0.18%. This indicates that DNYMX's price experiences larger fluctuations and is considered to be riskier than DFABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNYMX | DFABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.18% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.44% | 0.39% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.96% | 0.71% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.87% | 0.97% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 0.97% | +0.09% |