DFA Dimensional Retirement Income Fund Portfolio: ETF allocation and returns

Data Source: from January 1985 to March 2024 (~39 years)
Consolidated Returns as of 31 March 2024
Live Update: Apr 11 2024
PORTFOLIO • LIVE PERFORMANCE (USD currency)
0.05%
1 Day
Apr 11 2024
0.84%
Current Month
April 2024

The DFA Dimensional Retirement Income Fund Portfolio is a Low Risk portfolio and can be implemented with 7 ETFs.

It's exposed for 20.4% on the Stock Market.

In the last 30 Years, the DFA Dimensional Retirement Income Fund Portfolio obtained a 5.58% compound annual return, with a 4.72% standard deviation.

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Asset Allocation and ETFs

The DFA Dimensional Retirement Income Fund Portfolio has the following asset allocation:

20.4% Stocks
79.6% Fixed Income
0% Commodities

The DFA Dimensional Retirement Income Fund Portfolio can be implemented with the following ETFs:

Weight (%) Ticker Currency ETF Name Investment Themes
6.40
DFEOX
USD DFA US Core Equity 1 Stocks
6.40
DFUSX
USD DFA US Large Company I Stocks
3.80
DFALX
USD DFA Large Cap International I Stocks
1.90
DFCEX
USD DFA Emerging Markets Core Equity I Stocks
1.90
DFIEX
USD DFA International Core Equity I Stocks
47.60
DIPSX
USD DFA Inflation-Protected Securities I Fixed Income
32.00
DFIHX
USD DFA One-Year Fixed-Income I Fixed Income

Most of Lazy Portfolios are made of common components (asset classes), very simple and well defined. For a more complete view, find out the most common ETFs you can use to build your portfolio.

Portfolio and ETF Returns as of Mar 31, 2024

The DFA Dimensional Retirement Income Fund Portfolio guaranteed the following returns.

Returns are calculated in USD, assuming: April 2024 return is calculated on the hypothesis of a newly built portfolio, with the starting asset allocation.
DFA DIMENSIONAL RETIREMENT INCOME FUND PORTFOLIO
Consolidated returns as of 31 March 2024
Live Update: Apr 11 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Mar 31, 2024
  1 Day Time ET(*) Apr 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~39Y)
DFA Dimensional Retirement Income Fund Portfolio 0.05 -0.84 1.17 7.17 6.44 4.18 3.53 5.58 6.99
US Inflation Adjusted return 0.79 5.47 2.86 -0.01 0.67 2.97 4.08
Components
DFEOX
USD DFA US Core Equity 1 0.57 Apr 11 2024 -1.59 3.89 23.15 28.49 14.42 11.80 10.44 11.26
DFUSX
USD DFA US Large Company I 0.73 Apr 11 2024 -1.03 3.22 23.43 29.84 14.99 12.89 10.57 11.52
DFALX
USD DFA Large Cap International I 0.18 Apr 11 2024 -1.19 3.64 16.61 15.46 7.86 5.04 5.65 8.23
DFCEX
USD DFA Emerging Markets Core Equity I 0.17 Apr 11 2024 1.66 1.75 10.43 11.94 4.93 4.18 6.31 9.69
DFIEX
USD DFA International Core Equity I 0.13 Apr 11 2024 -0.75 3.72 15.46 14.39 7.61 4.98 5.30 8.16
DIPSX
USD DFA Inflation-Protected Securities I -0.09 Apr 11 2024 -1.48 0.65 4.58 0.14 2.39 2.23 5.35 6.84
DFIHX
USD DFA One-Year Fixed-Income I 0.00 Apr 11 2024 0.20 0.44 2.79 5.24 1.44 1.21 2.80 3.91
Returns over 1 year are annualized | Available data source: since Jan 1985
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Mar 2024. Current inflation (annualized) is 1Y: 3.48% , 5Y: 4.19% , 10Y: 2.84% , 30Y: 2.54%

In 2023, the DFA Dimensional Retirement Income Fund Portfolio granted a 3.64% dividend yield. If you are interested in getting periodic income, please refer to the DFA Dimensional Retirement Income Fund Portfolio: Dividend Yield page.

Capital Growth as of Mar 31, 2024

An investment of 1$, since April 1994, now would be worth 5.10$, with a total return of 410.49% (5.58% annualized).

The Inflation Adjusted Capital now would be 2.41$, with a net total return of 140.50% (2.97% annualized).
An investment of 1$, since January 1985, now would be worth 14.20$, with a total return of 1320.12% (6.99% annualized).

The Inflation Adjusted Capital now would be 4.80$, with a net total return of 379.85% (4.08% annualized).

Portfolio Metrics as of Mar 31, 2024

Metrics of DFA Dimensional Retirement Income Fund Portfolio, updated as of 31 March 2024.

Metrics are calculated based on monthly returns, assuming:
DFA DIMENSIONAL RETIREMENT INCOME FUND PORTFOLIO
Advanced Metrics
Data Source: 1 January 1985 - 31 March 2024 (~39 years)
Swipe left to see all data
Metrics as of Mar 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~39Y)
Investment Return (%) 1.17 2.16 7.17 6.44 2.07 4.18 3.53 4.26 5.58 6.99
Infl. Adjusted Return (%) details 0.79 1.01 5.47 2.86 -3.38 -0.01 0.67 1.63 2.97 4.08
US Inflation (%) 0.38 1.13 1.61 3.48 5.63 4.19 2.84 2.59 2.54 2.80
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -3.33 -12.16 -12.16 -12.16 -12.91 -12.91 -12.91
Start to Recovery (# months) details 5 27* 27* 27* 16 16 16
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2008 06 2008 06 2008 06
Start to Bottom (# months) 3 9 9 9 9 9 9
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 2 18 18 18 7 7 7
End (yyyy mm) 2023 12 - - - 2009 09 2009 09 2009 09
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest
-12.16 -12.16 -12.16
Start to Recovery (# months) details 27* 27* 27*
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2022 01 2022 01 2022 01
Start to Bottom (# months) 3 9 9 9 9 9 9
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2022 09 2022 09 2022 09
Bottom to End (# months) 2 18 18 18 18 18 18
End (yyyy mm) 2023 12 - - - - - -
Longest negative period (# months) details 7 31 34 34 34 34 34
Period Start (yyyy mm) 2023 04 2021 04 2021 01 2021 01 2021 01 2021 01 2021 01
Period End (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10
Annualized Return (%) -2.58 -0.63 -0.38 -0.38 -0.38 -0.38 -0.38
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -4.24 -18.19 -18.19 -18.19 -18.19 -18.19 -18.19
Start to Recovery (# months) details 5 31* 31* 31* 31* 31* 31*
Start (yyyy mm) 2023 08 2021 09 2021 09 2021 09 2021 09 2021 09 2021 09
Start to Bottom (# months) 3 13 13 13 13 13 13
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2022 09 2022 09 2022 09
Bottom to End (# months) 2 18 18 18 18 18 18
End (yyyy mm) 2023 12 - - - - - -
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 08 2021 09 2021 09 2021 09 2021 09 2021 09 2021 09
Start to Bottom (# months) 3 13 13 13 13 13 13
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2022 09 2022 09 2022 09
Bottom to End (# months) 2 18 18 18 18 18 18
End (yyyy mm) 2023 12 - - - - - -
Longest negative period (# months) details 8 36* 60* 114 127 127 127
Period Start (yyyy mm) 2023 04 2021 04 2019 04 2014 05 2013 04 2013 04 2013 04
Period End (yyyy mm) 2023 11 2024 03 2024 03 2023 10 2023 10 2023 10 2023 10
Annualized Return (%) -0.54 -3.38 -0.01 -0.02 -0.02 -0.02 -0.02
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 4.80 6.67 6.05 4.85 4.95 4.72 5.14
Sharpe Ratio 0.26 -0.07 0.38 0.48 0.59 0.70 0.58
Sortino Ratio 0.38 -0.09 0.50 0.63 0.76 0.92 0.80
Ulcer Index 1.21 5.41 4.27 3.16 2.99 2.48 2.36
Ratio: Return / Standard Deviation 1.34 0.31 0.69 0.73 0.86 1.18 1.36
Ratio: Return / Deepest Drawdown 1.94 0.17 0.34 0.29 0.33 0.43 0.54
% Positive Months details 66% 55% 61% 63% 67% 68% 69%
Positive Months 8 20 37 76 163 247 326
Negative Months 4 16 23 44 77 113 145
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 3.53 5.48 8.58 11.04
Worst 10 Years Return (%) - Annualized 2.56 2.56 2.56
Best 10 Years Return (%) - Annualized 0.67 3.49 5.96 7.24
Worst 10 Years Return (%) - Annualized 0.04 0.04 0.04
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 18.82 12.10 10.27 8.58 6.82 5.58
Worst Rolling Return (%) - Annualized -12.74 0.33 2.16 2.56 4.15
% Positive Periods 89% 100% 100% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 90.70 30.57 20.11 10.42 6.14 5.88
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.04 1.67 3.44
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 15.88 9.33 7.71 5.96 4.35 2.97
Worst Rolling Return (%) - Annualized -16.75 -4.32 -1.29 0.04 1.53
% Positive Periods 83% 91% 93% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 90.70 30.57 20.11 10.42 6.14 5.88
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.04 1.67 3.44
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1985 - Mar 2024)
Best Rolling Return (%) - Annualized 31.96 15.76 13.99 11.04 9.73 8.05
Worst Rolling Return (%) - Annualized -12.74 0.33 2.16 2.56 4.15 5.20
% Positive Periods 90% 100% 100% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 90.70 30.57 20.11 10.42 6.14 5.52
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.04 1.67 3.00
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 29.17 12.37 9.96 7.24 6.50 5.22
Worst Rolling Return (%) - Annualized -16.75 -4.32 -1.29 0.04 1.53 2.61
% Positive Periods 82% 93% 95% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 90.70 30.57 20.11 10.42 6.14 5.52
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.04 1.67 3.00
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Portfolio Components Correlation

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
COMPONENTS MONTHLY CORRELATIONS
Monthly correlations as of 31 March 2024
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If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

DFA DIMENSIONAL RETIREMENT INCOME FUND PORTFOLIO
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 April 1994 - 31 March 2024 (30 Years)
Data Source: 1 January 1985 - 31 March 2024 (~39 years)
Inflation Adjusted:
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Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

DFA DIMENSIONAL RETIREMENT INCOME FUND PORTFOLIO
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 April 1994 - 31 March 2024 (30 Years)
Data Source: 1 January 1985 - 31 March 2024 (~39 years)
Inflation Adjusted:

If you need a deeper detail about rolling returns, please refer to the DFA Dimensional Retirement Income Fund Portfolio: Rolling Returns page.

Seasonality

In which months is it better to invest in DFA Dimensional Retirement Income Fund Portfolio?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Returns

This section provides a visual/tabular representation of the performance variability in the DFA Dimensional Retirement Income Fund Portfolio over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

DFA DIMENSIONAL RETIREMENT INCOME FUND PORTFOLIO
Monthly Returns Distribution
Data Source: 1 April 1994 - 31 March 2024 (30 Years)
Data Source: 1 January 1985 - 31 March 2024 (~39 years)
247 Positive Months (69%) - 113 Negative Months (31%)
326 Positive Months (69%) - 145 Negative Months (31%)
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(Scroll down to see all data)
Investment Returns, up to December 2006, have been derived using the historical series of equivalent ETFs / Assets, instead of the actual ETFs of the portfolio.
You can find additional information on extended Data Sources here.

In particular, the series derived from equivalent datasets are:
  • DFEOX - DFA US Core Equity 1 (DFEOX), up to December 2005
  • DFUSX - DFA US Large Company I (DFUSX), up to December 1999
  • DFALX - DFA Large Cap International I (DFALX), up to December 1991
  • DFCEX - DFA Emerging Markets Core Equity I (DFCEX), up to December 2005
  • DFIEX - DFA International Core Equity I (DFIEX), up to December 2005
  • DIPSX - DFA Inflation-Protected Securities I (DIPSX), up to December 2006

Portfolio efficiency

No other portfolio in our database granted a higher return over 30 Years and a less severe drawdown at the same time.

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In the following table, you can compare the current portfolio with a list of famous portfolios. Metrics are calculated over the last 30 Years.

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