SNSXX vs. DCMSX

Last updated Jul 16, 2026

SNSXX (Schwab U.S. Treasury Money Fund) and DCMSX (DFA Commodity Strategy Portfolio) are both mutual funds - SNSXX is a Money Market fund managed by Charles Schwab, while DCMSX is a Commodities fund managed by Dimensional. Over the past 5 years, SNSXX returned 1.44%/yr vs 10.90%/yr for DCMSX. At a correlation of -0.04, they often move in opposite directions. SNSXX charges 0.34%/yr vs 0.31%/yr for DCMSX.

Performance

SNSXX vs. DCMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Treasury Money Fund (SNSXX) and DFA Commodity Strategy Portfolio (DCMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNSXX achieves a 1.68% return, which is significantly lower than DCMSX's 24.54% return.

SNSXX

• 1D: 0.00%
• 1M: 0.28%
• 6M: 1.68%
• YTD: 1.68%
• 1Y: 3.65%
• 3Y*: 2.41%
• 5Y*: 1.44%
• 10Y*: —

DCMSX

• 1D: 0.88%
• 1M: 1.12%
• 6M: 17.95%
• YTD: 24.54%
• 1Y: 33.61%
• 3Y*: 13.53%
• 5Y*: 10.90%
• 10Y*: 7.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SNSXX vs. DCMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SNSXX Schwab U.S. Treasury Money Fund	1.68%	3.97%	1.61%	0.00%	0.00%	0.00%
DCMSX DFA Commodity Strategy Portfolio	24.54%	15.15%	5.90%	-9.14%	11.36%	13.09%

Correlation

The correlation between SNSXX and DCMSX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 25, 2021	-0.04

Return for Risk

SNSXX vs. DCMSX — Risk / Return Rank

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

SNSXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DCMSX

DCMSX Risk / Return Rank: 69
DCMSX Sharpe Ratio Rank: 80
DCMSX Sortino Ratio Rank: 73
DCMSX Omega Ratio Rank: 74
DCMSX Calmar Ratio Rank: 65
DCMSX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNSXX vs. DCMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Treasury Money Fund (SNSXX) and DFA Commodity Strategy Portfolio (DCMSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SNSXX	DCMSX	Difference
Sharpe ratio: Return per unit of total volatility	3.71	2.04	+1.67
Sortino ratio: Return per unit of downside risk	—	2.69	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	8.40	—

SNSXX vs. DCMSX - Sharpe Ratio Comparison

The current SNSXX Sharpe Ratio is 3.71, which is higher than the DCMSX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of SNSXX and DCMSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SNSXX vs. DCMSX - Drawdown Comparison

The maximum SNSXX drawdown since its inception was 0.00%, smaller than the maximum DCMSX drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for SNSXX and DCMSX.

Drawdown Indicators

	SNSXX	DCMSX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-60.94%	+60.94%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-13.81%	+13.81%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	-13.81%	+13.81%
Max Drawdown (5Y) Largest decline over 5 years	0.00%	-27.93%	+27.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.52%	—
Current Drawdown Current decline from peak	0.00%	-8.35%	+8.35%
Average Drawdown Average peak-to-trough decline	0.00%	-31.62%	+31.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	3.99%	-3.99%

Volatility

SNSXX vs. DCMSX - Volatility Comparison

The current volatility for Schwab U.S. Treasury Money Fund (SNSXX) is 0.28%, while DFA Commodity Strategy Portfolio (DCMSX) has a volatility of 4.42%. This indicates that SNSXX experiences smaller price fluctuations and is considered to be less risky than DCMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNSXX	DCMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	4.42%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	0.67%	14.20%	-13.53%
Volatility (1Y) Calculated over the trailing 1-year period	1.04%	16.49%	-15.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.69%	16.30%	-15.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.68%	14.45%	-13.77%

SNSXX vs. DCMSX - Expense Ratio Comparison

SNSXX has a 0.34% expense ratio, which is higher than DCMSX's 0.31% expense ratio.

Dividends

SNSXX vs. DCMSX - Dividend Comparison

SNSXX's dividend yield for the trailing twelve months is around 3.58%, less than DCMSX's 8.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCMSX DFA Commodity Strategy Portfolio	8.56%	10.75%	2.83%	2.52%	7.46%	49.44%	0.37%	1.51%	1.63%	3.09%	0.47%	0.15%
SNSXX Schwab U.S. Treasury Money Fund	3.58%	3.88%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SNSXX and DCMSX in my portfolio?

SNSXX and DCMSX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNSXX or DCMSX?

DCMSX has higher volatility (4.42%) compared to SNSXX (0.28%). In terms of maximum drawdown, SNSXX dropped 0.00% vs DCMSX's -60.94%.

Which has better risk-adjusted returns?

SNSXX currently has the higher Sharpe Ratio (3.71 vs 2.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.