DSFIX vs. FEDUX

Last updated Jun 4, 2026

DSFIX (DFA Social Fixed Income Portfolio) and FEDUX (Fidelity Education Income Fund) are both Intermediate Core Bond funds. Over the past 5 years, DSFIX returned 0.46%/yr vs -0.41%/yr for FEDUX. Their correlation of 0.85 suggests significant overlap in exposure. DSFIX charges 0.21%/yr vs 0.00%/yr for FEDUX.

Performance

DSFIX vs. FEDUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Social Fixed Income Portfolio (DSFIX) and Fidelity Education Income Fund (FEDUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSFIX achieves a 0.65% return, which is significantly higher than FEDUX's 0.35% return.

DSFIX

• 1D: 0.11%
• 1M: 0.62%
• YTD: 0.65%
• 6M: 0.42%
• 1Y: 5.44%
• 3Y*: 4.52%
• 5Y*: 0.46%
• 10Y*: —

FEDUX

• 1D: 0.00%
• 1M: 0.14%
• YTD: 0.35%
• 6M: 0.52%
• 1Y: 3.99%
• 3Y*: 2.62%
• 5Y*: -0.41%
• 10Y*: —

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

DSFIX vs. FEDUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DSFIX DFA Social Fixed Income Portfolio	0.65%	6.80%	1.81%	7.18%	-13.07%	0.01%
FEDUX Fidelity Education Income Fund	0.35%	6.40%	-0.29%	1.62%	-8.38%	-1.27%

Correlation

The correlation between DSFIX and FEDUX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.85

The correlation between DSFIX and FEDUX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

Return for Risk

DSFIX vs. FEDUX — Risk / Return Rank

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

DSFIX

DSFIX Risk / Return Rank: 25
DSFIX Sharpe Ratio Rank: 23
DSFIX Sortino Ratio Rank: 24
DSFIX Omega Ratio Rank: 22
DSFIX Calmar Ratio Rank: 30
DSFIX Martin Ratio Rank: 24

FEDUX

FEDUX Risk / Return Rank: 36
FEDUX Sharpe Ratio Rank: 31
FEDUX Sortino Ratio Rank: 41
FEDUX Omega Ratio Rank: 37
FEDUX Calmar Ratio Rank: 38
FEDUX Martin Ratio Rank: 33

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.

DSFIX vs. FEDUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Social Fixed Income Portfolio (DSFIX) and Fidelity Education Income Fund (FEDUX). 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.

	DSFIX	FEDUX	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.62	-0.24
Sortino ratio Return per unit of downside risk	2.06	2.68	-0.62
Omega ratio Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio Return relative to maximum drawdown	2.06	2.33	-0.27
Martin ratio Return relative to average drawdown	5.89	7.46	-1.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSFIX vs. FEDUX - Sharpe Ratio Comparison

The current DSFIX Sharpe Ratio is 1.39, which is comparable to the FEDUX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of DSFIX and FEDUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DSFIX	FEDUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.62	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	-0.13	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	-0.14	+0.59

Drawdowns

DSFIX vs. FEDUX - Drawdown Comparison

The maximum DSFIX drawdown since its inception was -18.94%, which is greater than FEDUX's maximum drawdown of -12.00%. Use the drawdown chart below to compare losses from any high point for DSFIX and FEDUX.

Drawdown Indicators

	DSFIX	FEDUX	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-12.00%	-6.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.66%	-1.72%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	-4.70%	-2.80%	-1.90%
Max Drawdown (5Y) Largest decline over 5 years	-18.87%	-12.00%	-6.87%
Current Drawdown Current decline from peak	-1.19%	-2.44%	+1.25%
Average Drawdown Average peak-to-trough decline	-4.66%	-6.47%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.54%	+0.39%

Volatility

DSFIX vs. FEDUX - Volatility Comparison

DFA Social Fixed Income Portfolio (DSFIX) has a higher volatility of 1.25% compared to Fidelity Education Income Fund (FEDUX) at 0.75%. This indicates that DSFIX's price experiences larger fluctuations and is considered to be riskier than FEDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSFIX	FEDUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	0.75%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	2.74%	1.76%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	2.47%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.79%	3.13%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	3.12%	+1.84%

DSFIX vs. FEDUX - Expense Ratio Comparison

DSFIX has a 0.21% expense ratio, which is higher than FEDUX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DSFIX vs. FEDUX - Dividend Comparison

DSFIX's dividend yield for the trailing twelve months is around 4.12%, less than FEDUX's 4.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSFIX DFA Social Fixed Income Portfolio	4.12%	3.61%	3.95%	3.28%	2.54%	2.70%	2.22%	2.58%	2.56%	1.87%
FEDUX Fidelity Education Income Fund	4.39%	4.43%	0.36%	0.71%	0.00%	0.13%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSFIX and FEDUX in my portfolio?

DSFIX and FEDUX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSFIX or FEDUX?

DSFIX has higher volatility (1.25%) compared to FEDUX (0.75%). In terms of maximum drawdown, DSFIX dropped -18.94% vs FEDUX's -12.00%.

Which has better risk-adjusted returns?

FEDUX currently has the higher Sharpe Ratio (1.62 vs 1.39), 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.