WITAX vs. DFSMX
Compare and contrast key facts about Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and DFA Short Term Municipal Bond Portfolio (DFSMX).
WITAX is managed by Segall Bryant & Hamill. It was launched on Dec 15, 2016. DFSMX is managed by Dimensional. It was launched on Aug 19, 2002.
Performance
WITAX vs. DFSMX - Performance Comparison
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WITAX vs. DFSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | -0.07% | 5.32% | 3.09% | 5.50% | -11.11% | 2.87% | 6.71% | 7.20% | 1.46% | 8.57% |
DFSMX DFA Short Term Municipal Bond Portfolio | 0.55% | 2.30% | 2.84% | 2.98% | -0.36% | -0.11% | 0.83% | 1.62% | 1.22% | 1.05% |
Returns By Period
In the year-to-date period, WITAX achieves a -0.07% return, which is significantly lower than DFSMX's 0.55% return.
WITAX
- 1D
- 0.21%
- 1M
- -1.82%
- YTD
- -0.07%
- 6M
- 1.47%
- 1Y
- 4.35%
- 3Y*
- 4.05%
- 5Y*
- 0.94%
- 10Y*
- —
DFSMX
- 1D
- 0.04%
- 1M
- -0.05%
- YTD
- 0.55%
- 6M
- 1.10%
- 1Y
- 2.45%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- 1.23%
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WITAX vs. DFSMX - Expense Ratio Comparison
WITAX has a 0.50% expense ratio, which is higher than DFSMX's 0.20% expense ratio.
Return for Risk
WITAX vs. DFSMX — Risk / Return Rank
WITAX
DFSMX
WITAX vs. DFSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and DFA Short Term Municipal Bond Portfolio (DFSMX). 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.
| WITAX | DFSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 3.68 | -2.07 |
Sortino ratioReturn per unit of downside risk | 2.09 | 6.50 | -4.41 |
Omega ratioGain probability vs. loss probability | 1.42 | 3.20 | -1.77 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 4.59 | -2.90 |
Martin ratioReturn relative to average drawdown | 6.28 | 21.83 | -15.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WITAX | DFSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 3.68 | -2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 2.11 | -1.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.78 | -0.80 |
Correlation
The correlation between WITAX and DFSMX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WITAX vs. DFSMX - Dividend Comparison
WITAX's dividend yield for the trailing twelve months is around 3.22%, more than DFSMX's 2.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | 3.22% | 3.49% | 3.68% | 3.61% | 3.17% | 2.75% | 3.30% | 4.19% | 3.56% | 3.76% | 0.00% | 0.00% |
DFSMX DFA Short Term Municipal Bond Portfolio | 2.43% | 2.08% | 2.80% | 1.94% | 0.63% | 0.19% | 0.83% | 1.22% | 1.11% | 0.95% | 0.94% | 0.95% |
Drawdowns
WITAX vs. DFSMX - Drawdown Comparison
The maximum WITAX drawdown since its inception was -13.87%, which is greater than DFSMX's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for WITAX and DFSMX.
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Drawdown Indicators
| WITAX | DFSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -2.66% | -11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -0.39% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -13.87% | -1.67% | -12.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.69% | — |
Current DrawdownCurrent decline from peak | -1.82% | -0.06% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -0.24% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.10% | +0.68% |
Volatility
WITAX vs. DFSMX - Volatility Comparison
Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) has a higher volatility of 0.78% compared to DFA Short Term Municipal Bond Portfolio (DFSMX) at 0.11%. This indicates that WITAX's price experiences larger fluctuations and is considered to be riskier than DFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WITAX | DFSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.11% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 0.37% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 0.68% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 0.78% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.12% | 0.77% | +2.35% |