DNYMX vs. USMSX
Compare and contrast key facts about DFA NY Municipal Bond Portfolio (DNYMX) and JPMorgan Ultra-Short Municipal Fund (USMSX).
DNYMX is managed by Dimensional. It was launched on Jun 15, 2015. USMSX is managed by JPMorgan. It was launched on May 31, 2016.
Performance
DNYMX vs. USMSX - Performance Comparison
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DNYMX vs. USMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNYMX DFA NY Municipal Bond Portfolio | 0.57% | 2.69% | 2.87% | 2.76% | -1.17% | -0.10% | 1.26% | 2.42% | 1.02% | 1.74% |
USMSX JPMorgan Ultra-Short Municipal Fund | 0.19% | 2.87% | 3.09% | 3.21% | -0.90% | -0.15% | 0.77% | 1.90% | 1.01% | 0.69% |
Returns By Period
In the year-to-date period, DNYMX achieves a 0.57% return, which is significantly higher than USMSX's 0.19% return.
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%
USMSX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.19%
- 6M
- 0.82%
- 1Y
- 2.49%
- 3Y*
- 2.80%
- 5Y*
- 1.67%
- 10Y*
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DNYMX vs. USMSX - Expense Ratio Comparison
DNYMX has a 0.25% expense ratio, which is lower than USMSX's 0.45% expense ratio.
Return for Risk
DNYMX vs. USMSX — Risk / Return Rank
DNYMX
USMSX
DNYMX vs. USMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA NY Municipal Bond Portfolio (DNYMX) and JPMorgan Ultra-Short Municipal Fund (USMSX). 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 | USMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.14 | 3.63 | -0.50 |
Sortino ratioReturn per unit of downside risk | 4.88 | 6.49 | -1.61 |
Omega ratioGain probability vs. loss probability | 2.61 | 3.18 | -0.57 |
Calmar ratioReturn relative to maximum drawdown | 3.24 | 6.48 | -3.24 |
Martin ratioReturn relative to average drawdown | 20.17 | 33.64 | -13.47 |
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 | USMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 3.63 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.73 | 2.39 | -0.66 |
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 | 1.86 | -0.55 |
Correlation
The correlation between DNYMX and USMSX is 0.31, 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. USMSX - Dividend Comparison
DNYMX's dividend yield for the trailing twelve months is around 2.74%, more than USMSX's 2.36% 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% |
USMSX JPMorgan Ultra-Short Municipal Fund | 2.36% | 2.42% | 2.84% | 2.35% | 0.70% | 0.05% | 0.57% | 1.28% | 1.01% | 0.59% | 0.00% |
Drawdowns
DNYMX vs. USMSX - Drawdown Comparison
The maximum DNYMX drawdown since its inception was -3.19%, which is greater than USMSX's maximum drawdown of -2.09%. Use the drawdown chart below to compare losses from any high point for DNYMX and USMSX.
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Drawdown Indicators
| DNYMX | USMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.19% | -2.09% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -0.40% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -2.03% | -0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -3.19% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.30% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -0.22% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 0.08% | +0.06% |
Volatility
DNYMX vs. USMSX - Volatility Comparison
DFA NY Municipal Bond Portfolio (DNYMX) and JPMorgan Ultra-Short Municipal Fund (USMSX) have volatilities of 0.21% and 0.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNYMX | USMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.22% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.44% | 0.40% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.96% | 0.69% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.87% | 0.70% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 0.74% | +0.32% |