DTCPX vs. SWSBX
Compare and contrast key facts about DFA Targeted Credit Portfolio (DTCPX) and Schwab Short-Term Bond Index Fund (SWSBX).
DTCPX is managed by Dimensional. It was launched on May 20, 2015. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Performance
DTCPX vs. SWSBX - Performance Comparison
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DTCPX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTCPX DFA Targeted Credit Portfolio | -0.28% | 4.58% | 5.57% | 6.04% | -7.30% | -0.22% | 2.70% | 6.45% | 0.75% | 1.38% |
SWSBX Schwab Short-Term Bond Index Fund | -0.16% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
Returns By Period
In the year-to-date period, DTCPX achieves a -0.28% return, which is significantly lower than SWSBX's -0.16% return.
DTCPX
- 1D
- 0.03%
- 1M
- -1.21%
- YTD
- -0.28%
- 6M
- 0.74%
- 1Y
- 3.17%
- 3Y*
- 4.76%
- 5Y*
- 1.57%
- 10Y*
- 2.06%
SWSBX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.16%
- 6M
- 0.78%
- 1Y
- 3.74%
- 3Y*
- 3.77%
- 5Y*
- 1.27%
- 10Y*
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DTCPX vs. SWSBX - Expense Ratio Comparison
DTCPX has a 0.20% expense ratio, which is higher than SWSBX's 0.06% 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%.
Return for Risk
DTCPX vs. SWSBX — Risk / Return Rank
DTCPX
SWSBX
DTCPX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Targeted Credit Portfolio (DTCPX) and Schwab Short-Term Bond Index Fund (SWSBX). 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.
| DTCPX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 1.59 | +0.73 |
Sortino ratioReturn per unit of downside risk | 3.11 | 2.60 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.59 | 1.33 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.71 | -0.59 |
Martin ratioReturn relative to average drawdown | 10.01 | 9.85 | +0.16 |
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
| DTCPX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.59 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.43 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.76 | +0.29 |
Correlation
The correlation between DTCPX and SWSBX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DTCPX vs. SWSBX - Dividend Comparison
DTCPX's dividend yield for the trailing twelve months is around 3.79%, which matches SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DTCPX DFA Targeted Credit Portfolio | 3.79% | 3.34% | 3.64% | 3.23% | 1.75% | 1.67% | 1.27% | 2.73% | 3.12% | 1.91% | 2.18% |
SWSBX Schwab Short-Term Bond Index Fund | 3.79% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% |
Drawdowns
DTCPX vs. SWSBX - Drawdown Comparison
The maximum DTCPX drawdown since its inception was -10.78%, which is greater than SWSBX's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for DTCPX and SWSBX.
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Drawdown Indicators
| DTCPX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.78% | -9.06% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -1.54% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -10.78% | -9.06% | -1.72% |
Max Drawdown (10Y)Largest decline over 10 years | -10.78% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.13% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -1.71% | -1.81% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.42% | -0.11% |
Volatility
DTCPX vs. SWSBX - Volatility Comparison
DFA Targeted Credit Portfolio (DTCPX) and Schwab Short-Term Bond Index Fund (SWSBX) have volatilities of 0.74% and 0.73%, 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
| DTCPX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.73% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 1.49% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 2.40% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.33% | 2.95% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.07% | 2.47% | -0.40% |