MPNIX vs. DFABX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon National Intermediate Municipal Bond Fund (MPNIX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX).

MPNIX is managed by BNY Mellon. It was launched on Oct 1, 2000. DFABX is managed by Dimensional. It was launched on Apr 11, 2022.

Performance

MPNIX vs. DFABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon National Intermediate Municipal Bond Fund (MPNIX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). The values are adjusted to include any dividend payments, if applicable.

MPNIX vs. DFABX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MPNIX BNY Mellon National Intermediate Municipal Bond Fund	100.99%	6.18%	1.22%	5.21%	-0.42%
DFABX DFA Short-Term Selective State Municipal Bond Portfolio	0.58%	2.46%	2.90%	2.87%	0.55%

Returns By Period

MPNIX

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

DFABX

• 1D: 0.05%
• 1M: -0.05%
• YTD: 0.58%
• 6M: 1.12%
• 1Y: 2.73%
• 3Y*: 2.60%
• 5Y*: —
• 10Y*: —

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

MPNIX vs. DFABX - Expense Ratio Comparison

MPNIX has a 0.50% expense ratio, which is higher than DFABX's 0.25% expense ratio.

MPNIX

BNY Mellon National Intermediate Municipal Bond Fund

DFABX

DFA Short-Term Selective State Municipal Bond Portfolio

Return for Risk

MPNIX vs. DFABX — Risk / Return Rank

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

DFABX

DFABX Risk / Return Rank: 99
DFABX Sharpe Ratio Rank: 99
DFABX Sortino Ratio Rank: 99
DFABX Omega Ratio Rank: 99
DFABX Calmar Ratio Rank: 98
DFABX 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.

MPNIX vs. DFABX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon National Intermediate Municipal Bond Fund (MPNIX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). 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

	MPNIX	DFABX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.44	—

Correlation

The correlation between MPNIX and DFABX 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

MPNIX vs. DFABX - Dividend Comparison

MPNIX's dividend yield for the trailing twelve months is around 1.19%, less than DFABX's 2.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPNIX BNY Mellon National Intermediate Municipal Bond Fund	1.19%	3.76%	2.76%	2.09%	1.86%	2.09%	2.42%	2.65%	2.54%	2.33%	3.29%	2.67%
DFABX DFA Short-Term Selective State Municipal Bond Portfolio	2.70%	2.33%	2.86%	2.52%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MPNIX	DFABX	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.46%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.50%	—
Current Drawdown Current decline from peak	—	-0.06%	—
Average Drawdown Average peak-to-trough decline	—	-0.25%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.09%	—

Volatility

Volatility by Period

	MPNIX	DFABX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.71%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.97%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.97%	—