DRXIX vs. DFSTX

Last updated Aug 1, 2026

DRXIX (DFA LTIP Portfolio) and DFSTX (DFA U.S. Small Cap Portfolio) are both mutual funds - DRXIX is a Inflation-Protected Bonds fund managed by Dimensional, while DFSTX is a Small Cap Blend Equities fund actively managed by Dimensional. Over the past 10 years, DRXIX returned -2.26%/yr vs 10.82%/yr for DFSTX. Their -0.07 correlation means they have often moved in opposite directions in the past. DRXIX charges 0.13%/yr vs 0.27%/yr for DFSTX.

Performance

DRXIX vs. DFSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA LTIP Portfolio (DRXIX) and DFA U.S. Small Cap Portfolio (DFSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRXIX achieves a -4.85% return, which is significantly lower than DFSTX's 17.76% return. Over the past 10 years, DRXIX has underperformed DFSTX with an annualized return of -2.26%, while DFSTX has yielded a comparatively higher 10.82% annualized return.

DRXIX

• 1D: -0.21%
• 1M: -4.43%
• 6M: -4.29%
• YTD: -4.85%
• 1Y: -3.45%
• 3Y*: -5.24%
• 5Y*: -11.34%
• 10Y*: -2.26%
• ALL TIME*: -1.93%

DFSTX

• 1D: 0.87%
• 1M: -0.47%
• 6M: 11.70%
• YTD: 17.76%
• 1Y: 29.40%
• 3Y*: 13.92%
• 5Y*: 9.16%
• 10Y*: 10.82%
• ALL TIME*: 10.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFSTX DFA U.S. Small Cap Portfolio	$0.00	$0.00	$0.00
DRXIX DFA LTIP Portfolio	$0.00	$0.00	$0.00

DRXIX vs. DFSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRXIX DFA LTIP Portfolio	-4.85%	0.80%	-8.37%	-1.00%	-40.20%	9.16%	26.79%	19.35%	-8.34%	9.58%
DFSTX DFA U.S. Small Cap Portfolio	17.76%	8.07%	11.50%	17.66%	-13.50%	30.50%	11.19%	21.78%	-13.20%	11.19%

Correlation

The correlation between DRXIX and DFSTX is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.25
Correlation (5Y) Shows whether the relationship held over a longer period.	0.17
Correlation (10Y) Provides a long-term view across more market conditions.	-0.00
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	-0.07

The correlation between DRXIX and DFSTX shifts across timeframes, from -0.07 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DRXIX vs. DFSTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DRXIX

DRXIX Risk / Return Rank: 2
DRXIX Sharpe Ratio Rank: 2
DRXIX Sortino Ratio Rank: 2
DRXIX Omega Ratio Rank: 2
DRXIX Calmar Ratio Rank: 2
DRXIX Martin Ratio Rank: 2

DFSTX

DFSTX Risk / Return Rank: 74
DFSTX Sharpe Ratio Rank: 69
DFSTX Sortino Ratio Rank: 71
DFSTX Omega Ratio Rank: 64
DFSTX Calmar Ratio Rank: 85
DFSTX Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DRXIX vs. DFSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA LTIP Portfolio (DRXIX) and DFA U.S. Small Cap Portfolio (DFSTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DRXIX	DFSTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	1.57	-1.82
Sortino ratio: Return per unit of downside risk	-0.28	2.35	-2.63
Omega ratio: Gain probability vs. loss probability	0.97	1.27	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.28	2.85	-3.13
Martin ratio: Return relative to average drawdown	-0.56	9.79	-10.35

DRXIX vs. DFSTX - Sharpe Ratio Comparison

The current DRXIX Sharpe Ratio is -0.25, which is lower than the DFSTX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of DRXIX and DFSTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRXIX vs. DFSTX - Drawdown Comparison

The maximum DRXIX drawdown since its inception was -51.17%, smaller than the maximum DFSTX drawdown of -60.99%. Use the drawdown chart below to compare losses from any high point for DRXIX and DFSTX.

Drawdown Indicators

	DRXIX	DFSTX	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-60.99%	+9.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-9.16%	-1.23%
Max Drawdown (3Y) Largest decline over 3 years	-19.13%	-25.91%	+6.78%
Max Drawdown (5Y) Largest decline over 5 years	-51.17%	-25.91%	-25.26%
Max Drawdown (10Y) Largest decline over 10 years	-51.17%	-44.78%	-6.39%
Current Drawdown Current decline from peak	-49.17%	-1.67%	-47.50%
Average Drawdown Average peak-to-trough decline	-20.72%	-8.73%	-11.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	2.68%	+2.49%

Volatility

DRXIX vs. DFSTX - Volatility Comparison

The current volatility for DFA LTIP Portfolio (DRXIX) is 2.84%, while DFA U.S. Small Cap Portfolio (DFSTX) has a volatility of 3.49%. This indicates that DRXIX experiences smaller price fluctuations and is considered to be less risky than DFSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRXIX	DFSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.49%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	11.59%	-3.08%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	16.68%	-4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	20.43%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.15%	22.01%	-3.86%

DRXIX vs. DFSTX - Expense Ratio Comparison

DRXIX has a 0.13% expense ratio, which is lower than DFSTX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DRXIX vs. DFSTX - Dividend Comparison

DRXIX's dividend yield for the trailing twelve months is around 7.57%, more than DFSTX's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSTX DFA U.S. Small Cap Portfolio	0.97%	1.08%	1.05%	2.45%	5.18%	6.39%	1.08%	3.30%	5.16%	4.56%	3.10%	5.90%
DRXIX DFA LTIP Portfolio	7.57%	5.90%	4.87%	5.88%	11.00%	6.89%	6.86%	2.21%	3.27%	3.01%	1.74%	0.76%

Frequently Asked Questions

Can I hold both DRXIX and DFSTX in my portfolio?

DRXIX and DFSTX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRXIX or DFSTX?

DFSTX has higher volatility (3.49%) compared to DRXIX (2.84%). In terms of maximum drawdown, DRXIX dropped -51.17% vs DFSTX's -60.99%.

Which has better risk-adjusted returns?

DFSTX currently has the higher Sharpe Ratio (1.57 vs -0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.