SBND vs. DFSD
Compare and contrast key facts about Columbia Short Duration Bond ETF (SBND) and Dimensional Short-Duration Fixed Income ETF (DFSD).
SBND and DFSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBND is a passively managed fund by Columbia that tracks the performance of the Bloomberg Beta Advantage Short Term Bond (-300%). It was launched on Sep 21, 2021. DFSD is an actively managed fund by Dimensional. It was launched on Nov 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SBND or DFSD.
Key characteristics
| SBND | DFSD | |
|---|---|---|
| YTD Return | 5.20% | 4.38% |
| 1Y Return | 10.10% | 7.74% |
| Sharpe Ratio | 2.78 | 3.80 |
| Daily Std Dev | 3.58% | 2.03% |
| Max Drawdown | -10.78% | -8.45% |
| Current Drawdown | -0.08% | -0.07% |
Correlation
The correlation between SBND and DFSD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SBND vs. DFSD - Performance Comparison
In the year-to-date period, SBND achieves a 5.20% return, which is significantly higher than DFSD's 4.38% 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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SBND vs. DFSD - Expense Ratio Comparison
SBND has a 0.25% expense ratio, which is higher than DFSD's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SBND vs. DFSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Short Duration Bond ETF (SBND) 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.
Dividends
SBND vs. DFSD - Dividend Comparison
SBND's dividend yield for the trailing twelve months is around 4.33%, less than DFSD's 4.53% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SBND Columbia Short Duration Bond ETF | 4.33% | 3.90% | 2.80% | 0.43% |
DFSD Dimensional Short-Duration Fixed Income ETF | 4.53% | 3.89% | 2.12% | 0.11% |
Drawdowns
SBND vs. DFSD - Drawdown Comparison
The maximum SBND drawdown since its inception was -10.78%, which is greater than DFSD's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for SBND and DFSD. For additional features, visit the drawdowns tool.
Volatility
SBND vs. DFSD - Volatility Comparison
Columbia Short Duration Bond ETF (SBND) has a higher volatility of 0.84% compared to Dimensional Short-Duration Fixed Income ETF (DFSD) at 0.33%. This indicates that SBND's price experiences larger fluctuations and is considered to be riskier than DFSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.