VFTNX vs. DFIHX

Last updated Jun 23, 2026

VFTNX (Vanguard FTSE Social Index Fund Institutional Shares) and DFIHX (DFA One Year Fixed Income Portfolio) are both mutual funds - VFTNX is a Large Cap Blend Equities fund tracking the FTSE US Choice Index, while DFIHX is a Ultrashort Bond fund managed by Dimensional. Over the past 10 years, VFTNX returned 16.19%/yr vs 1.98%/yr for DFIHX. At a correlation of -0.07, they often move in opposite directions. VFTNX charges 0.03%/yr vs 0.13%/yr for DFIHX.

Performance

VFTNX vs. DFIHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Social Index Fund Institutional Shares (VFTNX) and DFA One Year Fixed Income Portfolio (DFIHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFTNX achieves a 9.70% return, which is significantly higher than DFIHX's 1.62% return. Over the past 10 years, VFTNX has outperformed DFIHX with an annualized return of 16.19%, while DFIHX has yielded a comparatively lower 1.98% annualized return.

VFTNX

• 1D: 1.41%
• 1M: 0.72%
• YTD: 9.70%
• 6M: 9.26%
• 1Y: 27.17%
• 3Y*: 21.34%
• 5Y*: 13.32%
• 10Y*: 16.19%

DFIHX

• 1D: 0.10%
• 1M: 0.30%
• YTD: 1.62%
• 6M: 1.72%
• 1Y: 3.55%
• 3Y*: 4.43%
• 5Y*: 2.78%
• 10Y*: 1.98%

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

VFTNX vs. DFIHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFTNX Vanguard FTSE Social Index Fund Institutional Shares	9.70%	17.32%	26.01%	31.77%	-24.20%	27.76%	22.62%	33.96%	-3.41%	24.19%
DFIHX DFA One Year Fixed Income Portfolio	1.62%	3.41%	5.41%	4.98%	-1.19%	-0.19%	0.62%	2.44%	1.87%	0.94%

Correlation

The correlation between VFTNX and DFIHX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.00
Correlation (All Time) Calculated using the full available price history since May 31, 2000	-0.07

The correlation between VFTNX and DFIHX shifts across timeframes, from -0.07 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VFTNX vs. DFIHX — Risk / Return Rank

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

VFTNX

VFTNX Risk / Return Rank: 46
VFTNX Sharpe Ratio Rank: 50
VFTNX Sortino Ratio Rank: 44
VFTNX Omega Ratio Rank: 47
VFTNX Calmar Ratio Rank: 39
VFTNX Martin Ratio Rank: 48

DFIHX

DFIHX Risk / Return Rank: 99
DFIHX Sharpe Ratio Rank: 99
DFIHX Sortino Ratio Rank: 99
DFIHX Omega Ratio Rank: 100
DFIHX Calmar Ratio Rank: 98
DFIHX Martin Ratio Rank: 99

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.

VFTNX vs. DFIHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Social Index Fund Institutional Shares (VFTNX) 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.

	VFTNX	DFIHX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	4.88	-2.97
Sortino ratio: Return per unit of downside risk	2.59	8.23	-5.64
Omega ratio: Gain probability vs. loss probability	1.34	5.69	-4.35
Calmar ratio: Return relative to maximum drawdown	2.27	9.23	-6.96
Martin ratio: Return relative to average drawdown	9.40	55.72	-46.32

VFTNX vs. DFIHX - Sharpe Ratio Comparison

The current VFTNX Sharpe Ratio is 1.91, which is lower than the DFIHX Sharpe Ratio of 4.88. The chart below compares the historical Sharpe Ratios of VFTNX and DFIHX, 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

VFTNX vs. DFIHX - Drawdown Comparison

The maximum VFTNX drawdown since its inception was -64.04%, which is greater than DFIHX's maximum drawdown of -2.53%. Use the drawdown chart below to compare losses from any high point for VFTNX and DFIHX.

Drawdown Indicators

	VFTNX	DFIHX	Difference
Max Drawdown Largest peak-to-trough decline	-64.04%	-2.53%	-61.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.83%	-0.39%	-11.44%
Max Drawdown (3Y) Largest decline over 3 years	-20.18%	-0.49%	-19.69%
Max Drawdown (5Y) Largest decline over 5 years	-29.11%	-2.26%	-26.85%
Max Drawdown (10Y) Largest decline over 10 years	-34.22%	-2.26%	-31.96%
Current Drawdown Current decline from peak	-1.78%	0.00%	-1.78%
Average Drawdown Average peak-to-trough decline	-15.67%	-0.15%	-15.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	0.06%	+2.79%

Volatility

VFTNX vs. DFIHX - Volatility Comparison

Vanguard FTSE Social Index Fund Institutional Shares (VFTNX) has a higher volatility of 5.59% compared to DFA One Year Fixed Income Portfolio (DFIHX) at 0.26%. This indicates that VFTNX's price experiences larger fluctuations and is considered to be riskier than DFIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFTNX	DFIHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	0.26%	+5.33%
Volatility (6M) Calculated over the trailing 6-month period	11.29%	0.46%	+10.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	0.74%	+13.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.49%	1.00%	+17.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	0.80%	+18.32%

VFTNX vs. DFIHX - Expense Ratio Comparison

VFTNX has a 0.03% expense ratio, which is lower than DFIHX's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VFTNX vs. DFIHX - Dividend Comparison

VFTNX's dividend yield for the trailing twelve months is around 0.89%, 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%
VFTNX Vanguard FTSE Social Index Fund Institutional Shares	0.89%	0.90%	1.01%	1.12%	1.37%	0.95%	1.23%	1.46%	1.81%	1.49%	1.82%	1.60%

Frequently Asked Questions

Can I hold both VFTNX and DFIHX in my portfolio?

VFTNX and DFIHX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFTNX or DFIHX?

VFTNX has higher volatility (5.59%) compared to DFIHX (0.26%). In terms of maximum drawdown, VFTNX dropped -64.04% vs DFIHX's -2.53%.

Which has better risk-adjusted returns?

DFIHX currently has the higher Sharpe Ratio (4.88 vs 1.91), 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.