JSNIX vs. DFCFX

Last updated Aug 1, 2026

JSNIX (JHancock Short Duration Bond Fund) and DFCFX (DFA Two-Year Fixed Income Portfolio) are both Short-Term Bond funds. Over the past 5 years, JSNIX returned 2.23%/yr vs 3.89%/yr for DFCFX. Their 0.26 correlation means their historical movements had little consistent relationship. JSNIX charges 0.40%/yr vs 0.21%/yr for DFCFX.

Performance

JSNIX vs. DFCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JHancock Short Duration Bond Fund (JSNIX) and DFA Two-Year Fixed Income Portfolio (DFCFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSNIX achieves a 0.84% return, which is significantly lower than DFCFX's 2.03% return.

JSNIX

• 1D: 0.00%
• 1M: -0.32%
• 6M: 0.43%
• YTD: 0.84%
• 1Y: 3.00%
• 3Y*: 4.62%
• 5Y*: 2.23%
• 10Y*: —
• ALL TIME*: 2.53%

DFCFX

• 1D: 0.10%
• 1M: 0.21%
• 6M: 1.71%
• YTD: 2.03%
• 1Y: 3.82%
• 3Y*: 3.98%
• 5Y*: 3.89%
• 10Y*: 2.52%
• ALL TIME*: 2.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFCFX DFA Two-Year Fixed Income Portfolio	$0.00	$0.00	$0.00
JSNIX JHancock Short Duration Bond Fund	$0.00	$0.00	$0.00

JSNIX vs. DFCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JSNIX JHancock Short Duration Bond Fund	0.84%	5.97%	4.61%	4.80%	-4.46%	0.78%	4.22%	1.41%
DFCFX DFA Two-Year Fixed Income Portfolio	2.03%	2.28%	5.33%	4.92%	-3.28%	8.60%	0.57%	0.94%

Correlation

The correlation between JSNIX and DFCFX is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (3Y) Balances recent behavior with more history.	0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.29
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019	0.26

The correlation between JSNIX and DFCFX shifts across timeframes, from 0.02 (3 years) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JSNIX vs. DFCFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JSNIX

JSNIX Risk / Return Rank: 86
JSNIX Sharpe Ratio Rank: 79
JSNIX Sortino Ratio Rank: 94
JSNIX Omega Ratio Rank: 92
JSNIX Calmar Ratio Rank: 81
JSNIX Martin Ratio Rank: 86

DFCFX

DFCFX Risk / Return Rank: 100
DFCFX Sharpe Ratio Rank: 100
DFCFX Sortino Ratio Rank: 100
DFCFX Omega Ratio Rank: 100
DFCFX Calmar Ratio Rank: 100
DFCFX Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JSNIX vs. DFCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JHancock Short Duration Bond Fund (JSNIX) and DFA Two-Year Fixed Income Portfolio (DFCFX). 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.

	JSNIX	DFCFX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	5.39	-3.49
Sortino ratio: Return per unit of downside risk	3.78	11.94	-8.16
Omega ratio: Gain probability vs. loss probability	1.52	5.71	-4.19
Calmar ratio: Return relative to maximum drawdown	2.74	18.64	-15.90
Martin ratio: Return relative to average drawdown	11.36	113.72	-102.37

JSNIX vs. DFCFX - Sharpe Ratio Comparison

The current JSNIX Sharpe Ratio is 1.90, which is lower than the DFCFX Sharpe Ratio of 5.39. The chart below compares the historical Sharpe Ratios of JSNIX and DFCFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JSNIX vs. DFCFX - Drawdown Comparison

The maximum JSNIX drawdown since its inception was -7.23%, which is greater than DFCFX's maximum drawdown of -4.27%. Use the drawdown chart below to compare losses from any high point for JSNIX and DFCFX.

Drawdown Indicators

	JSNIX	DFCFX	Difference
Max Drawdown Largest peak-to-trough decline	-7.23%	-4.27%	-2.96%
Max Drawdown (1Y) Largest decline over 1 year	-1.38%	-0.21%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-1.38%	-1.33%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-7.01%	-4.27%	-2.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-4.27%	—
Current Drawdown Current decline from peak	-0.32%	0.00%	-0.32%
Average Drawdown Average peak-to-trough decline	-1.28%	-0.26%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	0.03%	+0.30%

Volatility

JSNIX vs. DFCFX - Volatility Comparison

JHancock Short Duration Bond Fund (JSNIX) and DFA Two-Year Fixed Income Portfolio (DFCFX) have volatilities of 0.32% and 0.31%, 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.

Volatility by Period

	JSNIX	DFCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	0.31%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.53%	0.57%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	1.99%	0.72%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.29%	4.39%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.37%	3.13%	-0.76%

JSNIX vs. DFCFX - Expense Ratio Comparison

JSNIX has a 0.40% expense ratio, which is higher than DFCFX's 0.21% expense ratio.

Dividends

JSNIX vs. DFCFX - Dividend Comparison

JSNIX's dividend yield for the trailing twelve months is around 4.50%, more than DFCFX's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFCFX DFA Two-Year Fixed Income Portfolio	3.86%	2.16%	4.90%	3.43%	1.32%	8.29%	0.67%	2.22%	1.87%	1.22%	0.79%	0.53%
JSNIX JHancock Short Duration Bond Fund	4.50%	4.92%	4.17%	3.46%	3.03%	2.49%	2.99%	1.60%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JSNIX and DFCFX in my portfolio?

JSNIX and DFCFX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JSNIX or DFCFX?

JSNIX has higher volatility (0.32%) compared to DFCFX (0.31%). In terms of maximum drawdown, JSNIX dropped -7.23% vs DFCFX's -4.27%.

Which has better risk-adjusted returns?

DFCFX currently has the higher Sharpe Ratio (5.39 vs 1.90), 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.