ICIFX vs. DFIHX
Compare and contrast key facts about Invesco Conservative Income Fund (ICIFX) and DFA One Year Fixed Income Portfolio (DFIHX).
ICIFX is managed by Invesco. It was launched on Jul 1, 2014. DFIHX is managed by Dimensional. It was launched on Jul 25, 1983.
Performance
ICIFX vs. DFIHX - Performance Comparison
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ICIFX vs. DFIHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICIFX Invesco Conservative Income Fund | 0.39% | 4.97% | 5.74% | 4.77% | 0.37% | -0.09% | 1.74% | 2.83% | 2.03% | 1.45% |
DFIHX DFA One Year Fixed Income Portfolio | 0.81% | 3.41% | 5.41% | 4.98% | -1.19% | -0.19% | 0.62% | 2.44% | 1.87% | 0.94% |
Returns By Period
In the year-to-date period, ICIFX achieves a 0.39% return, which is significantly lower than DFIHX's 0.81% return. Over the past 10 years, ICIFX has outperformed DFIHX with an annualized return of 2.47%, while DFIHX has yielded a comparatively lower 1.92% annualized return.
ICIFX
- 1D
- 0.10%
- 1M
- -0.30%
- YTD
- 0.39%
- 6M
- 1.54%
- 1Y
- 4.02%
- 3Y*
- 4.86%
- 5Y*
- 3.22%
- 10Y*
- 2.47%
DFIHX
- 1D
- -0.06%
- 1M
- 0.23%
- YTD
- 0.81%
- 6M
- 1.89%
- 1Y
- 3.69%
- 3Y*
- 4.47%
- 5Y*
- 2.61%
- 10Y*
- 1.92%
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ICIFX vs. DFIHX - Expense Ratio Comparison
ICIFX has a 0.27% expense ratio, which is higher than DFIHX's 0.13% 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
ICIFX vs. DFIHX — Risk / Return Rank
ICIFX
DFIHX
ICIFX vs. DFIHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Conservative Income Fund (ICIFX) and DFA One Year Fixed Income Portfolio (DFIHX). 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.
| ICIFX | DFIHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 5.38 | -2.36 |
Sortino ratioReturn per unit of downside risk | 9.62 | 9.47 | +0.15 |
Omega ratioGain probability vs. loss probability | 3.31 | 8.43 | -5.12 |
Calmar ratioReturn relative to maximum drawdown | 11.46 | 8.71 | +2.75 |
Martin ratioReturn relative to average drawdown | 41.54 | 37.74 | +3.80 |
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
| ICIFX | DFIHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 5.38 | -2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.43 | 2.65 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.26 | 2.43 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.18 | 1.52 | +0.66 |
Correlation
The correlation between ICIFX and DFIHX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ICIFX vs. DFIHX - Dividend Comparison
ICIFX's dividend yield for the trailing twelve months is around 4.24%, more than DFIHX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICIFX Invesco Conservative Income Fund | 4.24% | 4.74% | 5.37% | 3.53% | 1.47% | 0.40% | 1.22% | 2.29% | 2.21% | 1.34% | 0.91% | 0.47% |
DFIHX DFA One Year Fixed Income Portfolio | 3.73% | 3.26% | 4.99% | 3.37% | 1.07% | 0.00% | 0.62% | 2.12% | 1.85% | 1.13% | 0.66% | 0.51% |
Drawdowns
ICIFX vs. DFIHX - Drawdown Comparison
The maximum ICIFX drawdown since its inception was -2.19%, smaller than the maximum DFIHX drawdown of -2.53%. Use the drawdown chart below to compare losses from any high point for ICIFX and DFIHX.
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Drawdown Indicators
| ICIFX | DFIHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.19% | -2.53% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -0.39% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -1.24% | -2.26% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -2.19% | -2.26% | +0.07% |
Current DrawdownCurrent decline from peak | -0.30% | -0.06% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -0.15% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.09% | +0.02% |
Volatility
ICIFX vs. DFIHX - Volatility Comparison
Invesco Conservative Income Fund (ICIFX) has a higher volatility of 0.26% compared to DFA One Year Fixed Income Portfolio (DFIHX) at 0.18%. This indicates that ICIFX's price experiences larger fluctuations and is considered to be riskier than DFIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICIFX | DFIHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 0.18% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 0.41% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 0.72% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.33% | 0.99% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.10% | 0.79% | +0.31% |