MPIBX vs. DFAIX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon Intermediate Bond Fund (MPIBX) and DFA Short-Duration Real Return Portfolio (DFAIX).

MPIBX is managed by BNY Mellon. It was launched on Oct 2, 2000. DFAIX is managed by Dimensional. It was launched on Nov 5, 2013.

Performance

MPIBX vs. DFAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Intermediate Bond Fund (MPIBX) and DFA Short-Duration Real Return Portfolio (DFAIX). The values are adjusted to include any dividend payments, if applicable.

MPIBX vs. DFAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPIBX BNY Mellon Intermediate Bond Fund	100.08%	6.53%	2.69%	5.26%	-6.82%	-1.04%	5.58%	5.89%	0.35%	1.80%
DFAIX DFA Short-Duration Real Return Portfolio	0.86%	4.86%	6.38%	5.64%	-2.77%	5.40%	2.75%	5.63%	0.11%	1.71%

Returns By Period

MPIBX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFAIX

• 1D: 0.19%
• 1M: -0.09%
• YTD: 0.86%
• 6M: 1.22%
• 1Y: 3.68%
• 3Y*: 5.27%
• 5Y*: 3.82%
• 10Y*: 3.20%

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

MPIBX vs. DFAIX - Expense Ratio Comparison

MPIBX has a 0.56% expense ratio, which is higher than DFAIX's 0.22% expense ratio.

MPIBX

BNY Mellon Intermediate Bond Fund

DFAIX

DFA Short-Duration Real Return Portfolio

Return for Risk

MPIBX vs. DFAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFAIX

DFAIX Risk / Return Rank: 99
DFAIX Sharpe Ratio Rank: 99
DFAIX Sortino Ratio Rank: 99
DFAIX Omega Ratio Rank: 98
DFAIX Calmar Ratio Rank: 99
DFAIX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MPIBX vs. DFAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Intermediate Bond Fund (MPIBX) and DFA Short-Duration Real Return Portfolio (DFAIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MPIBX	DFAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.08	—

Correlation

The correlation between MPIBX and DFAIX is 0.43, 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

MPIBX vs. DFAIX - Dividend Comparison

MPIBX's dividend yield for the trailing twelve months is around 1.36%, less than DFAIX's 4.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPIBX BNY Mellon Intermediate Bond Fund	1.36%	3.54%	3.18%	2.69%	2.39%	2.08%	1.99%	2.25%	2.13%	1.96%	2.10%	1.95%
DFAIX DFA Short-Duration Real Return Portfolio	4.61%	4.65%	4.14%	3.66%	1.68%	0.98%	0.82%	2.53%	2.72%	1.71%	1.41%	1.29%

Drawdowns

Drawdown Indicators

	MPIBX	DFAIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-5.63%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.63%	—
Current Drawdown Current decline from peak	—	-0.28%	—
Average Drawdown Average peak-to-trough decline	—	-0.95%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.12%	—

Volatility

Volatility by Period

	MPIBX	DFAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.18%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	2.56%	—