USIAX vs. DFYGX

Last updated Jun 4, 2026

USIAX (UBS Ultra Short Income Fund) and DFYGX (DFA Two-Year Government Portfolio) are both Ultrashort Bond funds. Their correlation of 0.87 suggests significant overlap in exposure. USIAX charges 0.35%/yr vs 0.17%/yr for DFYGX.

Performance

USIAX vs. DFYGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS Ultra Short Income Fund (USIAX) and DFA Two-Year Government Portfolio (DFYGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USIAX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFYGX

• 1D: 0.00%
• 1M: 0.21%
• YTD: 1.41%
• 6M: 1.69%
• 1Y: 2.63%
• 3Y*: 3.92%
• 5Y*: 1.99%
• 10Y*: 1.43%

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

USIAX vs. DFYGX - Yearly Performance Comparison

	2026 (YTD)
USIAX UBS Ultra Short Income Fund	0.32%
DFYGX DFA Two-Year Government Portfolio	0.00%

Correlation

The correlation between USIAX and DFYGX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.87

Return for Risk

USIAX vs. DFYGX — Risk / Return Rank

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

DFYGX

DFYGX Risk / Return Rank: 55
DFYGX Sharpe Ratio Rank: 52
DFYGX Sortino Ratio Rank: 35
DFYGX Omega Ratio Rank: 99
DFYGX Calmar Ratio Rank: 46
DFYGX Martin Ratio Rank: 44

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.

USIAX vs. DFYGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Ultra Short Income Fund (USIAX) and DFA Two-Year Government Portfolio (DFYGX). 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.

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

Sharpe Ratios by Period

	USIAX	DFYGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	12.88	1.85	+11.03

Drawdowns

USIAX vs. DFYGX - Drawdown Comparison

The maximum USIAX drawdown since its inception was 0.00%, smaller than the maximum DFYGX drawdown of -4.46%. Use the drawdown chart below to compare losses from any high point for USIAX and DFYGX.

Drawdown Indicators

	USIAX	DFYGX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.46%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-4.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-4.46%	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	0.00%	-0.30%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.29%	—

Volatility

Volatility by Period

	USIAX	DFYGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.98%	1.26%	+1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.98%	1.24%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.98%	1.00%	+1.98%

USIAX vs. DFYGX - Expense Ratio Comparison

USIAX has a 0.35% expense ratio, which is higher than DFYGX's 0.17% expense ratio.

Dividends

USIAX vs. DFYGX - Dividend Comparison

USIAX's dividend yield for the trailing twelve months is around 0.32%, less than DFYGX's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFYGX DFA Two-Year Government Portfolio	2.80%	2.04%	4.84%	3.07%	1.14%	0.00%	0.27%	1.87%	1.82%	1.01%	0.58%	0.49%
USIAX UBS Ultra Short Income Fund	0.32%	0.00%	0.00%	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 USIAX and DFYGX in my portfolio?

USIAX and DFYGX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.