DTCPX vs. VISTX
DTCPX (DFA Targeted Credit Portfolio) and VISTX (Vanguard Institutional Short-Term Bond Fund) are both Short-Term Bond funds. Over the past 10 years, DTCPX returned 2.11%/yr vs 2.42%/yr for VISTX. A 0.61 correlation means they provide meaningful diversification when combined. DTCPX charges 0.20%/yr vs 0.02%/yr for VISTX.
Performance
DTCPX vs. VISTX - Performance Comparison
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Returns By Period
In the year-to-date period, DTCPX achieves a 1.69% return, which is significantly higher than VISTX's 0.81% return. Over the past 10 years, DTCPX has underperformed VISTX with an annualized return of 2.11%, while VISTX has yielded a comparatively higher 2.42% annualized return.
DTCPX
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 1.69%
- 6M
- 1.80%
- 1Y
- 3.91%
- 3Y*
- 5.30%
- 5Y*
- 1.87%
- 10Y*
- 2.11%
VISTX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 0.81%
- 6M
- 0.97%
- 1Y
- 3.81%
- 3Y*
- 5.16%
- 5Y*
- 2.53%
- 10Y*
- 2.42%
DTCPX vs. VISTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTCPX DFA Targeted Credit Portfolio | 1.69% | 4.58% | 5.57% | 6.04% | -7.30% | -0.22% | 2.70% | 6.45% | 0.75% | 2.22% |
VISTX Vanguard Institutional Short-Term Bond Fund | 0.81% | 5.68% | 5.56% | 4.98% | -3.73% | -0.04% | 3.92% | 4.20% | 1.83% | 1.42% |
Correlation
The correlation between DTCPX and VISTX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.61 |
The correlation between DTCPX and VISTX shifts across timeframes, from 0.43 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DTCPX vs. VISTX — Risk / Return Rank
DTCPX
VISTX
DTCPX vs. VISTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Targeted Credit Portfolio (DTCPX) and Vanguard Institutional Short-Term Bond Fund (VISTX). 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.
| DTCPX | VISTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.66 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 4.54 | -1.70 |
| Martin ratioReturn relative to average drawdown | 10.95 | 18.78 | -7.84 |
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Drawdowns
DTCPX vs. VISTX - Drawdown Comparison
The maximum DTCPX drawdown since its inception was -10.78%, which is greater than VISTX's maximum drawdown of -5.64%. Use the drawdown chart below to compare losses from any high point for DTCPX and VISTX.
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Drawdown Indicators
| DTCPX | VISTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.78% | -5.64% | -5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -0.86% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.44% | -0.86% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -10.78% | -5.64% | -5.14% |
Max Drawdown (10Y)Largest decline over 10 years | -10.78% | -5.64% | -5.14% |
Current DrawdownCurrent decline from peak | 0.00% | -0.23% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -0.68% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.21% | +0.16% |
Volatility
DTCPX vs. VISTX - Volatility Comparison
DFA Targeted Credit Portfolio (DTCPX) and Vanguard Institutional Short-Term Bond Fund (VISTX) have volatilities of 0.53% and 0.54%, 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 | VISTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.54% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 0.96% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.70% | 1.36% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.37% | 1.88% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 1.48% | +0.60% |
DTCPX vs. VISTX - Expense Ratio Comparison
DTCPX has a 0.20% expense ratio, which is higher than VISTX's 0.02% 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
DTCPX vs. VISTX - Dividend Comparison
DTCPX's dividend yield for the trailing twelve months is around 4.04%, less than VISTX's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DTCPX DFA Targeted Credit Portfolio | 4.04% | 3.34% | 3.64% | 3.23% | 1.75% | 1.67% | 1.27% | 2.73% | 3.12% | 1.91% | 2.18% |
VISTX Vanguard Institutional Short-Term Bond Fund | 4.46% | 4.53% | 5.03% | 3.91% | 1.76% | 1.85% | 2.33% | 2.72% | 2.32% | 1.78% | 1.51% |
Frequently Asked Questions
DTCPX and VISTX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VISTX has higher volatility (0.54%) compared to DTCPX (0.53%). In terms of maximum drawdown, DTCPX dropped -10.78% vs VISTX's -5.64%.
VISTX currently has the higher Sharpe Ratio (2.87 vs 2.41), 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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