PRWBX vs. DFIHX
Compare and contrast key facts about T. Rowe Price Short-Term Bond Fund (PRWBX) and DFA One Year Fixed Income Portfolio (DFIHX).
PRWBX is managed by T. Rowe Price. It was launched on Mar 2, 1984. DFIHX is managed by Dimensional Fund Advisors LP. It was launched on Jul 25, 1983.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRWBX or DFIHX.
Key characteristics
| PRWBX | DFIHX | |
|---|---|---|
| YTD Return | 4.12% | 4.76% |
| 1Y Return | 6.41% | 5.46% |
| 3Y Return (Ann) | 1.61% | 2.80% |
| 5Y Return (Ann) | 2.18% | 1.82% |
| 10Y Return (Ann) | 1.97% | 1.51% |
| Sharpe Ratio | 2.34 | 8.45 |
| Sortino Ratio | 3.72 | 66.33 |
| Omega Ratio | 1.59 | 40.50 |
| Calmar Ratio | 3.65 | 96.32 |
| Martin Ratio | 17.22 | 845.12 |
| Ulcer Index | 0.36% | 0.01% |
| Daily Std Dev | 2.64% | 0.65% |
| Max Drawdown | -6.29% | -89.99% |
| Current Drawdown | -0.73% | 0.00% |
Correlation
The correlation between PRWBX and DFIHX is 0.27, 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
In the year-to-date period, PRWBX achieves a 4.12% return, which is significantly lower than DFIHX's 4.76% return. Over the past 10 years, PRWBX has outperformed DFIHX with an annualized return of 1.97%, while DFIHX has yielded a comparatively lower 1.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
PRWBX vs. DFIHX - Dividend Comparison
PRWBX's dividend yield for the trailing twelve months is around 3.98%, less than DFIHX's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWBX T. Rowe Price Short-Term Bond Fund | 3.98% | 3.15% | 2.39% | 2.25% | 2.11% | 2.51% | 2.40% | 2.03% | 1.57% | 1.49% | 1.43% | 1.52% |
DFIHX DFA One Year Fixed Income Portfolio | 5.01% | 3.36% | 1.08% | 0.00% | 0.62% | 2.14% | 1.85% | 1.13% | 0.74% | 0.42% | 0.30% | 0.36% |
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.
Volatility
PRWBX vs. DFIHX - Volatility Comparison
T. Rowe Price Short-Term Bond Fund (PRWBX) has a higher volatility of 0.75% compared to DFA One Year Fixed Income Portfolio (DFIHX) at 0.19%. 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.