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PRWBX vs. DFIHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PRWBX and DFIHX is 0.01, 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.


Performance

PRWBX vs. DFIHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Short-Term Bond Fund (PRWBX) and DFA One Year Fixed Income Portfolio (DFIHX). The values are adjusted to include any dividend payments, if applicable.

260.00%280.00%300.00%320.00%340.00%360.00%380.00%December2025FebruaryMarchAprilMay
377.42%
259.84%
PRWBX
DFIHX

Key characteristics

Sharpe Ratio

PRWBX:

2.39

DFIHX:

7.68

Sortino Ratio

PRWBX:

3.90

DFIHX:

40.29

Omega Ratio

PRWBX:

1.59

DFIHX:

16.81

Calmar Ratio

PRWBX:

6.89

DFIHX:

87.44

Martin Ratio

PRWBX:

17.60

DFIHX:

573.38

Ulcer Index

PRWBX:

0.34%

DFIHX:

0.01%

Daily Std Dev

PRWBX:

2.48%

DFIHX:

0.65%

Max Drawdown

PRWBX:

-6.29%

DFIHX:

-89.99%

Current Drawdown

PRWBX:

-0.43%

DFIHX:

0.00%

Returns By Period

The year-to-date returns for both investments are quite close, with PRWBX having a 1.46% return and DFIHX slightly higher at 1.51%. Over the past 10 years, PRWBX has outperformed DFIHX with an annualized return of 2.17%, while DFIHX has yielded a comparatively lower 1.71% annualized return.


PRWBX

YTD

1.46%

1M

-0.22%

6M

2.15%

1Y

5.48%

5Y*

2.42%

10Y*

2.17%

DFIHX

YTD

1.51%

1M

0.38%

6M

2.24%

1Y

4.99%

5Y*

2.11%

10Y*

1.71%

*Annualized

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PRWBX vs. DFIHX - Expense Ratio Comparison

PRWBX has a 0.43% expense ratio, which is higher than DFIHX's 0.13% expense ratio.


Risk-Adjusted Performance

PRWBX vs. DFIHX — Risk-Adjusted Performance Rank

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

PRWBX
The Risk-Adjusted Performance Rank of PRWBX is 9696
Overall Rank
The Sharpe Ratio Rank of PRWBX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of PRWBX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of PRWBX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of PRWBX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of PRWBX is 9797
Martin Ratio Rank

DFIHX
The Risk-Adjusted Performance Rank of DFIHX is 100100
Overall Rank
The Sharpe Ratio Rank of DFIHX is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of DFIHX is 100100
Sortino Ratio Rank
The Omega Ratio Rank of DFIHX is 100100
Omega Ratio Rank
The Calmar Ratio Rank of DFIHX is 100100
Calmar Ratio Rank
The Martin Ratio Rank of DFIHX is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PRWBX vs. DFIHX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Short-Term Bond Fund (PRWBX) 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.


The current PRWBX Sharpe Ratio is 2.39, which is lower than the DFIHX Sharpe Ratio of 7.68. The chart below compares the historical Sharpe Ratios of PRWBX and DFIHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.004.006.008.00December2025FebruaryMarchAprilMay
2.39
7.68
PRWBX
DFIHX

Dividends

PRWBX vs. DFIHX - Dividend Comparison

PRWBX's dividend yield for the trailing twelve months is around 3.79%, less than DFIHX's 4.76% yield.


TTM20242023202220212020201920182017201620152014
PRWBX
T. Rowe Price Short-Term Bond Fund
3.79%4.05%3.15%2.39%2.25%2.11%2.51%2.40%2.03%1.57%1.49%1.43%
DFIHX
DFA One Year Fixed Income Portfolio
4.76%4.98%3.36%1.08%0.00%0.62%2.14%1.85%1.13%0.74%0.42%0.30%

Drawdowns

PRWBX vs. DFIHX - Drawdown Comparison

The maximum PRWBX drawdown since its inception was -6.29%, smaller than the maximum DFIHX drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for PRWBX and DFIHX. For additional features, visit the drawdowns tool.


-0.80%-0.60%-0.40%-0.20%0.00%December2025FebruaryMarchAprilMay
-0.43%
0
PRWBX
DFIHX

Volatility

PRWBX vs. DFIHX - Volatility Comparison

T. Rowe Price Short-Term Bond Fund (PRWBX) has a higher volatility of 0.76% compared to DFA One Year Fixed Income Portfolio (DFIHX) at 0.18%. This indicates that PRWBX'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.


0.20%0.40%0.60%0.80%1.00%December2025FebruaryMarchAprilMay
0.76%
0.18%
PRWBX
DFIHX