PRWBX vs. DFSD
Compare and contrast key facts about T. Rowe Price Short-Term Bond Fund (PRWBX) and Dimensional Short-Duration Fixed Income ETF (DFSD).
PRWBX is managed by T. Rowe Price. It was launched on Mar 2, 1984. DFSD is an actively managed fund by Dimensional. It was launched on Nov 15, 2021.
Performance
PRWBX vs. DFSD - Performance Comparison
Loading graphics...
PRWBX vs. DFSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PRWBX T. Rowe Price Short-Term Bond Fund | 0.10% | 9.13% | 5.08% | 5.54% | -4.99% | -0.23% |
DFSD Dimensional Short-Duration Fixed Income ETF | 0.17% | 6.59% | 4.60% | 6.09% | -5.87% | -0.02% |
Returns By Period
In the year-to-date period, PRWBX achieves a 0.10% return, which is significantly lower than DFSD's 0.17% return.
PRWBX
- 1D
- 0.22%
- 1M
- -0.86%
- YTD
- 0.10%
- 6M
- 2.49%
- 1Y
- 7.66%
- 3Y*
- 5.88%
- 5Y*
- 2.78%
- 10Y*
- 2.64%
DFSD
- 1D
- 0.31%
- 1M
- -0.89%
- YTD
- 0.17%
- 6M
- 1.29%
- 1Y
- 4.79%
- 3Y*
- 5.25%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRWBX vs. DFSD - Expense Ratio Comparison
PRWBX has a 0.43% expense ratio, which is higher than DFSD's 0.16% expense ratio.
Return for Risk
PRWBX vs. DFSD — Risk / Return Rank
PRWBX
DFSD
PRWBX vs. DFSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Short-Term Bond Fund (PRWBX) and Dimensional Short-Duration Fixed Income ETF (DFSD). 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.
| PRWBX | DFSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.20 | 2.13 | +1.07 |
Sortino ratioReturn per unit of downside risk | 5.99 | 3.12 | +2.87 |
Omega ratioGain probability vs. loss probability | 1.97 | 1.45 | +0.53 |
Calmar ratioReturn relative to maximum drawdown | 7.47 | 3.25 | +4.22 |
Martin ratioReturn relative to average drawdown | 25.23 | 13.49 | +11.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PRWBX | DFSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.20 | 2.13 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.41 | 0.91 | +0.51 |
Correlation
The correlation between PRWBX and DFSD is 0.58, 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
PRWBX vs. DFSD - Dividend Comparison
PRWBX's dividend yield for the trailing twelve months is around 7.41%, more than DFSD's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWBX T. Rowe Price Short-Term Bond Fund | 7.41% | 7.39% | 4.06% | 3.57% | 1.38% | 1.24% | 1.92% | 2.52% | 2.22% | 1.75% | 1.58% | 1.46% |
DFSD Dimensional Short-Duration Fixed Income ETF | 3.94% | 4.12% | 4.81% | 3.89% | 2.12% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRWBX vs. DFSD - Drawdown Comparison
The maximum PRWBX drawdown since its inception was -7.78%, smaller than the maximum DFSD drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for PRWBX and DFSD.
Loading graphics...
Drawdown Indicators
| PRWBX | DFSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.78% | -8.45% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -1.47% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -7.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -7.29% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.89% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -2.13% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.35% | -0.03% |
Volatility
PRWBX vs. DFSD - Volatility Comparison
The current volatility for T. Rowe Price Short-Term Bond Fund (PRWBX) is 0.74%, while Dimensional Short-Duration Fixed Income ETF (DFSD) has a volatility of 0.94%. This indicates that PRWBX experiences smaller price fluctuations and is considered to be less risky than DFSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PRWBX | DFSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.94% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.33% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 2.26% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.55% | 2.80% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 2.80% | -0.62% |