OSTAX vs. DCARX
Compare and contrast key facts about JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) and DFA California Municipal Real Return Portfolio (DCARX).
OSTAX is managed by JPMorgan. It was launched on May 3, 1998. DCARX is managed by Dimensional. It was launched on Oct 31, 2017.
Performance
OSTAX vs. DCARX - Performance Comparison
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OSTAX vs. DCARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | -0.29% | 3.89% | 1.64% | 3.13% | -5.27% | -0.26% | 3.02% | 4.31% | 0.80% | 0.56% |
DCARX DFA California Municipal Real Return Portfolio | 1.09% | 2.64% | 3.16% | 2.63% | -1.06% | 6.21% | 2.35% | 5.08% | -0.46% | 1.16% |
Returns By Period
In the year-to-date period, OSTAX achieves a -0.29% return, which is significantly lower than DCARX's 1.09% return.
OSTAX
- 1D
- 0.00%
- 1M
- -1.46%
- YTD
- -0.29%
- 6M
- 0.17%
- 1Y
- 2.72%
- 3Y*
- 2.25%
- 5Y*
- 0.63%
- 10Y*
- 1.11%
DCARX
- 1D
- 0.04%
- 1M
- 0.42%
- YTD
- 1.09%
- 6M
- 1.13%
- 1Y
- 2.59%
- 3Y*
- 2.55%
- 5Y*
- 2.70%
- 10Y*
- —
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OSTAX vs. DCARX - Expense Ratio Comparison
OSTAX has a 0.87% expense ratio, which is higher than DCARX's 0.26% expense ratio.
Return for Risk
OSTAX vs. DCARX — Risk / Return Rank
OSTAX
DCARX
OSTAX vs. DCARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) and DFA California Municipal Real Return Portfolio (DCARX). 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.
| OSTAX | DCARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 2.19 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.88 | 3.19 | -1.31 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.61 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.89 | -1.43 |
Martin ratioReturn relative to average drawdown | 5.67 | 11.77 | -6.10 |
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
| OSTAX | DCARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 2.19 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 1.21 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.93 | +0.22 |
Correlation
The correlation between OSTAX and DCARX is 0.28, 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
OSTAX vs. DCARX - Dividend Comparison
OSTAX's dividend yield for the trailing twelve months is around 2.40%, less than DCARX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | 2.40% | 2.62% | 2.52% | 1.88% | 1.33% | 1.03% | 1.20% | 1.56% | 1.56% | 1.03% | 1.45% | 0.68% |
DCARX DFA California Municipal Real Return Portfolio | 3.41% | 3.11% | 3.52% | 1.84% | 0.90% | 0.78% | 1.12% | 1.43% | 1.27% | 0.09% | 0.00% | 0.00% |
Drawdowns
OSTAX vs. DCARX - Drawdown Comparison
The maximum OSTAX drawdown since its inception was -8.72%, smaller than the maximum DCARX drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for OSTAX and DCARX.
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Drawdown Indicators
| OSTAX | DCARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -12.27% | +3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -0.93% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -8.72% | -4.79% | -3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | — | — |
Current DrawdownCurrent decline from peak | -1.46% | -0.24% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -0.76% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.23% | +0.30% |
Volatility
OSTAX vs. DCARX - Volatility Comparison
JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) has a higher volatility of 0.59% compared to DFA California Municipal Real Return Portfolio (DCARX) at 0.52%. This indicates that OSTAX's price experiences larger fluctuations and is considered to be riskier than DCARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OSTAX | DCARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.52% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 0.72% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 1.28% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 2.25% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.34% | 2.93% | -0.59% |