DSIBX vs. DFCMX
DSIBX (BNY Mellon Short-Intermediate Municipal Bond Fund) and DFCMX (DFA California Short Term Municipal Bond Portfolio) are both Municipal Bonds funds. Over the past 10 years, DSIBX returned 1.29%/yr vs 1.16%/yr for DFCMX. Their 0.40 correlation means their historical movements had little consistent relationship. DSIBX charges 0.49%/yr vs 0.19%/yr for DFCMX.
Performance
DSIBX vs. DFCMX - Performance Comparison
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Returns By Period
In the year-to-date period, DSIBX achieves a 0.81% return, which is significantly lower than DFCMX's 1.14% return. Over the past 10 years, DSIBX has outperformed DFCMX with an annualized return of 1.29%, while DFCMX has yielded a comparatively lower 1.16% annualized return.
DSIBX
- 1D
- 0.00%
- 1M
- -0.54%
- 6M
- 0.12%
- YTD
- 0.81%
- 1Y
- 2.04%
- 3Y*
- 3.40%
- 5Y*
- 1.28%
- 10Y*
- 1.29%
- ALL TIME*
- 2.73%
DFCMX
- 1D
- 0.00%
- 1M
- 0.01%
- 6M
- 0.72%
- YTD
- 1.14%
- 1Y
- 2.07%
- 3Y*
- 2.58%
- 5Y*
- 1.61%
- 10Y*
- 1.16%
- ALL TIME*
- 1.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DSIBX vs. DFCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund | 0.81% | 4.53% | 2.66% | 3.01% | -3.79% | -0.36% | 2.39% | 3.27% | 1.22% | 1.21% |
DFCMX DFA California Short Term Municipal Bond Portfolio | 1.14% | 2.55% | 2.84% | 2.53% | -0.76% | -0.13% | 0.67% | 1.84% | 1.24% | 1.07% |
Correlation
The correlation between DSIBX and DFCMX 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. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.40 |
The correlation between DSIBX and DFCMX shifts across timeframes, from 0.32 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DSIBX vs. DFCMX — Risk / Return Rank
DSIBX
DFCMX
DSIBX vs. DFCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) and DFA California Short Term Municipal Bond Portfolio (DFCMX). 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.
| DSIBX | DFCMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 3.49 | -1.97 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 10.66 | -8.87 |
| Martin ratioReturn relative to average drawdown | 5.30 | 33.53 | -28.23 |
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Drawdowns
DSIBX vs. DFCMX - Drawdown Comparison
The maximum DSIBX drawdown since its inception was -6.02%, which is greater than DFCMX's maximum drawdown of -2.20%. Use the drawdown chart below to compare losses from any high point for DSIBX and DFCMX.
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Drawdown Indicators
| DSIBX | DFCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.02% | -2.20% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -0.20% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.56% | -0.68% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -6.02% | -2.13% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -6.02% | -2.20% | -3.82% |
Current DrawdownCurrent decline from peak | -0.54% | -0.09% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -0.25% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.06% | +0.35% |
Volatility
DSIBX vs. DFCMX - Volatility Comparison
BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) has a higher volatility of 0.32% compared to DFA California Short Term Municipal Bond Portfolio (DFCMX) at 0.22%. This indicates that DSIBX's price experiences larger fluctuations and is considered to be riskier than DFCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSIBX | DFCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.22% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 0.40% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 0.59% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.48% | 0.89% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.54% | 0.87% | +0.67% |
DSIBX vs. DFCMX - Expense Ratio Comparison
DSIBX has a 0.49% expense ratio, which is higher than DFCMX's 0.19% expense ratio.
Dividends
DSIBX vs. DFCMX - Dividend Comparison
DSIBX's dividend yield for the trailing twelve months is around 2.41%, less than DFCMX's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFCMX DFA California Short Term Municipal Bond Portfolio | 2.44% | 2.23% | 2.61% | 1.70% | 0.71% | 0.36% | 0.87% | 1.43% | 1.04% | 0.87% | 0.86% | 0.82% |
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund | 2.41% | 2.93% | 2.07% | 1.12% | 0.62% | 0.72% | 1.20% | 1.66% | 1.29% | 1.05% | 0.92% | 1.01% |
Frequently Asked Questions
DSIBX and DFCMX 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.
DSIBX has higher volatility (0.32%) compared to DFCMX (0.22%). In terms of maximum drawdown, DSIBX dropped -6.02% vs DFCMX's -2.20%.
DFCMX currently has the higher Sharpe Ratio (3.69 vs 1.76), 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.
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