Correlation
The correlation between DTCPX and FSHBX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
DTCPX vs. FSHBX
Compare and contrast key facts about DFA Targeted Credit Portfolio (DTCPX) and Fidelity Short-Term Bond Fund (FSHBX).
DTCPX is managed by Dimensional Fund Advisors LP. It was launched on May 20, 2015. FSHBX is managed by Fidelity. It was launched on Sep 15, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DTCPX or FSHBX.
Performance
DTCPX vs. FSHBX - Performance Comparison
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Key characteristics
DTCPX:
5.81
FSHBX:
2.88
DTCPX:
10.55
FSHBX:
4.66
DTCPX:
3.70
FSHBX:
1.71
DTCPX:
4.68
FSHBX:
5.99
DTCPX:
88.63
FSHBX:
16.51
DTCPX:
0.06%
FSHBX:
0.34%
DTCPX:
0.97%
FSHBX:
2.11%
DTCPX:
-10.78%
FSHBX:
-6.05%
DTCPX:
-0.21%
FSHBX:
-0.35%
Returns By Period
In the year-to-date period, DTCPX achieves a 1.83% return, which is significantly lower than FSHBX's 2.00% return. Over the past 10 years, DTCPX has outperformed FSHBX with an annualized return of 2.06%, while FSHBX has yielded a comparatively lower 1.92% annualized return.
DTCPX
1.83%
0.21%
2.18%
5.58%
3.81%
1.70%
2.06%
FSHBX
2.00%
-0.35%
2.47%
6.11%
3.69%
1.83%
1.92%
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DTCPX vs. FSHBX - Expense Ratio Comparison
DTCPX has a 0.20% expense ratio, which is lower than FSHBX's 0.45% expense ratio.
Risk-Adjusted Performance
DTCPX vs. FSHBX — Risk-Adjusted Performance Rank
DTCPX
FSHBX
DTCPX vs. FSHBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Targeted Credit Portfolio (DTCPX) and Fidelity Short-Term Bond Fund (FSHBX). 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.
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Dividends
DTCPX vs. FSHBX - Dividend Comparison
DTCPX's dividend yield for the trailing twelve months is around 4.35%, more than FSHBX's 4.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTCPX DFA Targeted Credit Portfolio | 4.35% | 3.62% | 3.24% | 1.75% | 1.68% | 1.27% | 2.73% | 3.12% | 2.45% | 2.18% | 1.13% | 0.00% |
FSHBX Fidelity Short-Term Bond Fund | 4.13% | 4.01% | 3.00% | 1.15% | 1.24% | 2.73% | 2.13% | 1.78% | 1.28% | 1.00% | 1.02% | 0.92% |
Drawdowns
DTCPX vs. FSHBX - Drawdown Comparison
The maximum DTCPX drawdown since its inception was -10.78%, which is greater than FSHBX's maximum drawdown of -6.05%. Use the drawdown chart below to compare losses from any high point for DTCPX and FSHBX.
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Volatility
DTCPX vs. FSHBX - Volatility Comparison
The current volatility for DFA Targeted Credit Portfolio (DTCPX) is 0.40%, while Fidelity Short-Term Bond Fund (FSHBX) has a volatility of 0.55%. This indicates that DTCPX experiences smaller price fluctuations and is considered to be less risky than FSHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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