TSDUX vs. DFIHX
TSDUX (Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund) and DFIHX (DFA One Year Fixed Income Portfolio) are both Ultrashort Bond funds. Over the past 10 years, TSDUX returned 2.68%/yr vs 1.96%/yr for DFIHX. At a correlation of -0.06, they often move in opposite directions. TSDUX charges 0.62%/yr vs 0.13%/yr for DFIHX.
Performance
TSDUX vs. DFIHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSDUX achieves a 1.77% return, which is significantly higher than DFIHX's 1.52% return. Over the past 10 years, TSDUX has outperformed DFIHX with an annualized return of 2.68%, while DFIHX has yielded a comparatively lower 1.96% annualized return.
TSDUX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.77%
- 6M
- 1.88%
- 1Y
- 3.17%
- 3Y*
- 4.82%
- 5Y*
- 3.41%
- 10Y*
- 2.68%
DFIHX
- 1D
- -0.10%
- 1M
- 0.20%
- YTD
- 1.52%
- 6M
- 1.62%
- 1Y
- 3.45%
- 3Y*
- 4.39%
- 5Y*
- 2.76%
- 10Y*
- 1.96%
TSDUX vs. DFIHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 1.77% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.73% |
DFIHX DFA One Year Fixed Income Portfolio | 1.52% | 3.41% | 5.41% | 4.98% | -1.19% | -0.19% | 0.62% | 2.44% | 1.87% | 0.94% |
Correlation
The correlation between TSDUX and DFIHX is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2016 | -0.06 |
The correlation between TSDUX and DFIHX shifts across timeframes, from -0.06 (all time) to 0.05 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSDUX vs. DFIHX — Risk / Return Rank
TSDUX
DFIHX
TSDUX vs. DFIHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) 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.
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.
| TSDUX | DFIHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 3.14 | 5.03 | -1.89 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 8.97 | -0.26 |
| Martin ratioReturn relative to average drawdown | 28.57 | 53.89 | -25.32 |
Loading charts...
Drawdowns
TSDUX vs. DFIHX - Drawdown Comparison
The maximum TSDUX drawdown since its inception was -3.94%, which is greater than DFIHX's maximum drawdown of -2.53%. Use the drawdown chart below to compare losses from any high point for TSDUX and DFIHX.
Loading charts...
Drawdown Indicators
| TSDUX | DFIHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -2.53% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -0.39% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -0.49% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -1.72% | -2.26% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -2.26% | -1.68% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.15% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.06% | +0.07% |
Volatility
TSDUX vs. DFIHX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) is 0.17%, while DFA One Year Fixed Income Portfolio (DFIHX) has a volatility of 0.28%. This indicates that TSDUX experiences smaller price fluctuations and is considered to be less risky than DFIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSDUX | DFIHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 0.28% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 0.48% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 0.75% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.11% | 1.01% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 0.80% | +0.29% |
TSDUX vs. DFIHX - Expense Ratio Comparison
TSDUX has a 0.62% expense ratio, which is higher than DFIHX's 0.13% expense ratio.
Dividends
TSDUX vs. DFIHX - Dividend Comparison
TSDUX's dividend yield for the trailing twelve months is around 2.91%, less than DFIHX's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIHX DFA One Year Fixed Income Portfolio | 3.58% | 3.26% | 4.99% | 3.37% | 1.07% | 0.00% | 0.62% | 2.12% | 1.85% | 1.13% | 0.66% | 0.51% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.91% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% | 0.00% |
Frequently Asked Questions
TSDUX and DFIHX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFIHX has higher volatility (0.28%) compared to TSDUX (0.17%). In terms of maximum drawdown, TSDUX dropped -3.94% vs DFIHX's -2.53%.
DFIHX currently has the higher Sharpe Ratio (4.69 vs 3.68), 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.
Find the right allocation for TSDUX and DFIHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer