Data Source: from January 1871 to June 2024 (~154 years)
Consolidated Returns as of 30 June 2024
Live Update: Jul 26 2024
Consolidated Returns as of 30 June 2024
Live Update: Jul 26 2024
Category: Fixed Income
DFA One-Year Fixed-Income I (DFIHX) Fund
Currency: USD
FUND • LIVE PERFORMANCE (USD currency)
0.00%
1 Day
Jul 26 2024
0.39%
Current Month
July 2024
As of June 2024, in the previous 30 Years, the DFA One-Year Fixed-Income I (DFIHX) Fund obtained a 2.81% compound annual return, with a 0.89% standard deviation. It suffered a maximum drawdown of -2.16% that required 18 months to be recovered.
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The DFA One-Year Fixed-Income I (DFIHX) Fund is part of the following Lazy Portfolios:
| Portfolio Name | Author | DFIHX Weight▾ | Currency |
|---|---|---|---|
| Dimensional Retirement Income Fund | DFA | 32.00% | USD |
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Investment Returns as of Jun 30, 2024
The DFA One-Year Fixed-Income I (DFIHX) Fund guaranteed the following returns.
Returns are calculated in USD, assuming:
- no fees or capital gain taxes.
- the reinvestment of dividends.
DFA ONE-YEAR FIXED-INCOME I (DFIHX) FUND
Data Source: 1 January 1871 - 30 June 2024 (~154 years)
Live Update: Jul 26 2024
Swipe left to see all data
| Chg (%) | Return (%) | Return (%) as of Jun 30, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Day | Time ET(*) | Jul 2024 | 1M | 6M | 1Y | 5Y | 10Y | 30Y |
MAX
(~154Y) |
|||
| DFA One-Year Fixed-Income I (DFIHX) Fund | n.a. | 0.39 | 0.00 | 2.38 | 5.10 | 1.51 | 1.29 | 2.81 | 4.28 | |||
| Returns over 1 year are annualized | ||||||||||||
| (*) Eastern Time (ET - America/New York) | ||||||||||||
In 2023, the DFA One-Year Fixed-Income I (DFIHX) Fund granted a 3.47% dividend yield. If you are interested in getting periodic income, please refer to the DFA One-Year Fixed-Income I (DFIHX) Fund: Dividend Yield page.
Capital Growth as of Jun 30, 2024
An investment of 1$, from July 1994 to June 2024,
would be worth 2.30$, with a total return of 129.77% (2.81% annualized).
The Inflation Adjusted Capital would be 1.09$, with a net total return of 8.55% (0.27% annualized).
The Inflation Adjusted Capital would be 1.09$, with a net total return of 8.55% (0.27% annualized).
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An investment of 1$, from January 1871 to June 2024,
would be worth 625.66$, with a total return of 62465.55% (4.28% annualized).
The Inflation Adjusted Capital would be 24.94$, with a net total return of 2393.94% (2.12% annualized).
The Inflation Adjusted Capital would be 24.94$, with a net total return of 2393.94% (2.12% annualized).
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Investment Metrics as of Jun 30, 2024
Metrics of DFA One-Year Fixed-Income I (DFIHX) Fund, updated as of 30 June 2024, provide a comprehensive overview of the portfolio's performance and risk characteristics.
These metrics include detailed data on returns, volatility, drawdowns and other key performance indicators. By examining them, you can gain insights into how the portfolio has performed over various time periods and understand its risk profile.
Metrics are calculated based on monthly returns, assuming:
- no fees or capital gain taxes.
- the reinvestment of dividends.
DFA ONE-YEAR FIXED-INCOME I (DFIHX) FUND
Advanced Metrics
Data Source: 1 January 1871 - 30 June 2024 (~154 years)
Swipe left to see all data
| Metrics as of Jun 30, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y |
MAX
(~154Y) |
|
| Investment Return (%) | 0.00 | 0.93 | 2.38 | 5.10 | 1.96 | 1.51 | 1.29 | 1.75 | 2.81 | 4.28 |
| US Inflation (%) | -0.06 | 0.26 | 1.40 | 2.98 | 4.97 | 4.17 | 2.81 | 2.56 | 2.53 | 2.12 |
| Returns / Inflation rates over 1 year are annualized. | ||||||||||
|
DRAWDOWN
|
Current | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | ||
| Deepest Drawdown Depth (%) | 0.00 | 0.00 | -2.16 | -2.16 | -2.16 | -2.16 | -2.16 | -6.12 | ||
| Start to Recovery (# months) | 18 | 18 | 18 | 18 | 18 | 7 | ||||
| Start (yyyy mm) | - | 2021 11 | 2021 11 | 2021 11 | 2021 11 | 2021 11 | 1971 04 | |||
| Start to Bottom (# months) | - | 11 | 11 | 11 | 11 | 11 | 4 | |||
| Bottom (yyyy mm) | - | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 1971 07 | |||
| Bottom to End (# months) | - | 7 | 7 | 7 | 7 | 7 | 3 | |||
| End (yyyy mm) | - | 2023 04 | 2023 04 | 2023 04 | 2023 04 | 2023 04 | 1971 10 | |||
| Longest Drawdown Depth (%) |
same |
same |
same |
same |
same |
same |
-1.85 | |||
| Start to Recovery (# months) | 22 | |||||||||
| Start (yyyy mm) | - | 2021 11 | 2021 11 | 2021 11 | 2021 11 | 2021 11 | 1941 08 | |||
| Start to Bottom (# months) | - | 11 | 11 | 11 | 11 | 11 | 7 | |||
| Bottom (yyyy mm) | - | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 1942 02 | |||
| Bottom to End (# months) | - | 7 | 7 | 7 | 7 | 7 | 15 | |||
| End (yyyy mm) | - | 2023 04 | 2023 04 | 2023 04 | 2023 04 | 2023 04 | 1943 05 | |||
| Longest negative period (# months) | 0 | 21 | 41 | 42 | 42 | 42 | 42 | |||
| Period Start (yyyy mm) | - | 2021 07 | 2019 07 | 2019 05 | 2019 05 | 2019 05 | 2019 05 | |||
| Period End (yyyy mm) | - | 2023 03 | 2022 11 | 2022 10 | 2022 10 | 2022 10 | 2022 10 | |||
| Annualized Return (%) | --- | -0.12 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | |||
| Deepest Drawdown Depth (%) | -19.41 | 0.00 | -11.04 | -15.89 | -17.43 | -21.77 | -21.77 | -43.58 | ||
| Start to Recovery (# months) | 181* | 36* | 49* | 113* | 181* | 181* | 149 | |||
| Start (yyyy mm) | - | 2021 07 | 2020 06 | 2015 02 | 2009 06 | 2009 06 | 1915 04 | |||
| Start to Bottom (# months) | - | 16 | 29 | 93 | 161 | 161 | 63 | |||
| Bottom (yyyy mm) | - | 2022 10 | 2022 10 | 2022 10 | 2022 10 | 2022 10 | 1920 06 | |||
| Bottom to End (# months) | - | 20 | 20 | 20 | 20 | 20 | 86 | |||
| End (yyyy mm) | - | - | - | - | - | - | 1927 08 | |||
| Longest Drawdown Depth (%) |
same |
same |
same |
same |
same |
same |
-42.58 | |||
| Start to Recovery (# months) | 566 | |||||||||
| Start (yyyy mm) | - | 2021 07 | 2020 06 | 2015 02 | 2009 06 | 2009 06 | 1939 06 | |||
| Start to Bottom (# months) | - | 16 | 29 | 93 | 161 | 161 | 169 | |||
| Bottom (yyyy mm) | - | 2022 10 | 2022 10 | 2022 10 | 2022 10 | 2022 10 | 1953 06 | |||
| Bottom to End (# months) | - | 20 | 20 | 20 | 20 | 20 | 397 | |||
| End (yyyy mm) | - | - | - | - | - | - | 1986 07 | |||
| Longest negative period (# months) | 0 | 36* | 60* | 120* | 240* | 328 | 637 | |||
| Period Start (yyyy mm) | - | 2021 07 | 2019 07 | 2014 07 | 2004 07 | 1996 12 | 1933 02 | |||
| Period End (yyyy mm) | - | 2024 06 | 2024 06 | 2024 06 | 2024 06 | 2024 03 | 1986 02 | |||
| Annualized Return (%) | --- | -2.87 | -2.55 | -1.48 | -0.78 | 0.00 | -0.01 | |||
| Drawdowns / Negative periods marked with * are in progress | ||||||||||
|
RISK INDICATORS
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Standard Deviation (%) | 0.46 | 1.15 | 0.92 | 0.72 | 0.74 | 0.89 | 2.55 | |||
| Sharpe Ratio | -0.45 | -0.87 | -0.54 | -0.08 | 0.47 | 0.60 | 0.11 | |||
| Sortino Ratio | -0.49 | -1.12 | -0.75 | -0.12 | 0.69 | 0.87 | 0.17 | |||
| Ulcer Index | 0.00 | 0.91 | 0.71 | 0.50 | 0.36 | 0.30 | 0.72 | |||
| Ratio: Return / Standard Deviation | 11.08 | 1.71 | 1.64 | 1.81 | 2.38 | 3.17 | 1.68 | |||
| Ratio: Return / Deepest Drawdown | --- | 0.91 | 0.70 | 0.60 | 0.81 | 1.30 | 0.70 | |||
| Positive Months (%) | 100.00 | 75.00 | 83.33 | 83.33 | 84.58 | 87.50 | 77.68 | |||
| Positive Months | 12 | 27 | 50 | 100 | 203 | 315 | 1431 | |||
| Negative Months | 0 | 9 | 10 | 20 | 37 | 45 | 411 | |||
|
LONG TERM RETURNS
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Best 10 Years Return (%) - Annualized | 1.29 | 2.22 | 4.96 | 10.92 | ||||||
| Worst 10 Years Return (%) - Annualized | 0.55 | 0.55 | 0.55 | |||||||
| Best 10 Years Return (%) - Annualized | -1.48 | 0.22 | 2.46 | 9.43 | ||||||
| Worst 10 Years Return (%) - Annualized | -1.96 | -1.96 | -4.96 | |||||||
|
TIMEFRAMES
|
1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX |
| ··· As of Jun 2024 - Over the previous 30Y | ||||||||||
| Best Rolling Return (%) - Annualized | 7.98 | 6.58 | 6.01 | 4.96 | 3.58 | 2.81 | ||||
| Worst Rolling Return (%) - Annualized | -2.16 | -0.42 | 0.47 | 0.55 | 1.46 | |||||
| Positive Periods (%) | 95.4 | 97.8 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Best Rolling Return (%) - Annualized | 5.90 | 3.95 | 3.55 | 2.46 | 1.18 | 0.27 | ||||
| Worst Rolling Return (%) - Annualized | -9.75 | -5.39 | -3.16 | -1.96 | -1.03 | |||||
| Positive Periods (%) | 50.1 | 44.6 | 46.5 | 49.3 | 64.4 | 100.0 | ||||
| 95% VaR - Value at Risk (%) - Cumulative | 0.19 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 95% CVaR - Conditional Value at Risk (%) | 0.30 | 0.22 | 0.00 | 1.14 | 0.20 | 0.00 | 0.00 | 0.00 | ||
| 99% VaR - Value at Risk (%) - Cumulative | 0.36 | 0.34 | 0.07 | 1.71 | 1.02 | 0.00 | 0.00 | 0.00 | ||
| 99% CVaR - Conditional Value at Risk (%) | 0.47 | 0.53 | 0.34 | 2.13 | 1.20 | 0.00 | 0.00 | 0.00 | ||
| Short term VaRs: analytical | 1+ year VaRs: historical data | ||||||||||
| Safe Withdrawal Rate (%) | 95.10 | 30.17 | 18.47 | 9.42 | 4.80 | 4.05 | ||||
| Perpetual Withdrawal Rate (%) | --- | --- | --- | --- | --- | 0.32 | ||||
| % based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com | ||||||||||
| ··· All available data (Jan 1871 - Jun 2024) | ||||||||||
| Best Rolling Return (%) - Annualized | 22.25 | 15.96 | 13.24 | 10.92 | 8.79 | 7.73 | ||||
| Worst Rolling Return (%) - Annualized | -3.16 | -0.42 | 0.37 | 0.55 | 0.96 | 1.71 | ||||
| Positive Periods (%) | 95.5 | 99.6 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Best Rolling Return (%) - Annualized | 30.51 | 16.52 | 16.03 | 9.43 | 8.84 | 6.92 | ||||
| Worst Rolling Return (%) - Annualized | -17.74 | -11.90 | -10.61 | -4.96 | -2.73 | -1.21 | ||||
| Positive Periods (%) | 62.6 | 68.3 | 69.7 | 71.6 | 82.5 | 86.5 | ||||
| 95% VaR - Value at Risk (%) - Cumulative | 0.86 | 1.04 | 0.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 95% CVaR - Conditional Value at Risk (%) | 1.17 | 1.57 | 1.60 | 0.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 99% VaR - Value at Risk (%) - Cumulative | 1.36 | 1.91 | 2.08 | 1.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 99% CVaR - Conditional Value at Risk (%) | 1.68 | 2.47 | 2.87 | 2.10 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Short term VaRs: analytical | 1+ year VaRs: historical data | ||||||||||
| Safe Withdrawal Rate (%) | 89.02 | 27.15 | 14.80 | 7.51 | 3.41 | 2.30 | ||||
| Perpetual Withdrawal Rate (%) | --- | --- | --- | --- | --- | --- | ||||
| % based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com | ||||||||||
- 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.
- Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
- Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
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Correlations as of Jun 30, 2024
Correlation measures to what degree the returns of two assets move in relation to each other. It is a statistical measure that describes the extent to which the returns of one asset are related to the returns of another asset.
The following table shows the monthly correlations of DFA One-Year Fixed-Income I (DFIHX) Fund vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).
DFA ONE-YEAR FIXED-INCOME I (DFIHX) FUND
Monthly correlations as of 30 June 2024
Swipe left to see all data
| Correlation vs DFIHX | ||||||
|---|---|---|---|---|---|---|
| Asset Class | 1 Year | 5 Years | 10 Years | 30 Years | Since Jan 1992 |
|
|
VTI
|
US Total Stock Market |
-0.17
|
0.25
|
0.18
|
0.02
|
0.02
|
|
SPY
|
US Large Cap Blend |
-0.18
|
0.26
|
0.19
|
0.03
|
0.04
|
|
IJH
|
US Mid Cap Blend |
0.02
|
0.19
|
0.13
|
0.00
|
0.01
|
|
IJR
|
US Small Cap Blend |
-0.02
|
0.14
|
0.07
|
-0.05
|
-0.05
|
|
VNQ
|
US REITs |
-0.18
|
0.15
|
0.17
|
0.03
|
0.05
|
|
QQQ
|
US Technology |
-0.32
|
0.31
|
0.22
|
0.00
|
0.00
|
|
PFF
|
US Preferred Stocks |
0.02
|
0.28
|
0.26
|
0.23
|
0.24
|
|
EFA
|
EAFE Stocks |
0.07
|
0.32
|
0.25
|
0.04
|
0.05
|
|
VT
|
World All Countries |
-0.12
|
0.28
|
0.22
|
0.02
|
0.03
|
|
EEM
|
Emerging Markets |
-0.32
|
0.27
|
0.23
|
0.03
|
0.05
|
|
BND
|
US Total Bond Market |
-0.15
|
0.47
|
0.49
|
0.53
|
0.55
|
|
TLT
|
US Long Term Treasuries |
-0.18
|
0.30
|
0.32
|
0.34
|
0.36
|
|
BIL
|
US Cash |
0.52
|
0.71
|
0.66
|
0.66
|
0.65
|
|
TIP
|
US TIPS |
-0.17
|
0.39
|
0.42
|
0.44
|
0.46
|
|
LQD
|
US Invest. Grade Bonds |
-0.10
|
0.45
|
0.45
|
0.46
|
0.47
|
|
HYG
|
US High Yield Bonds |
-0.04
|
0.40
|
0.34
|
0.18
|
0.20
|
|
CWB
|
US Convertible Bonds |
-0.19
|
0.16
|
0.14
|
0.01
|
0.02
|
|
BNDX
|
International Bonds |
-0.11
|
0.47
|
0.44
|
0.34
|
0.37
|
|
EMB
|
Emerg. Market Bonds |
-0.03
|
0.38
|
0.38
|
0.26
|
0.26
|
|
GLD
|
Gold |
0.11
|
0.25
|
0.27
|
0.10
|
0.09
|
|
DBC
|
Commodities |
-0.08
|
-0.13
|
-0.05
|
0.01
|
0.01
|
Correlation values range between -1 and +1
- A correlation of +1 indicates that the returns of the two assets move in perfect synchrony; when one asset's returns go up, the other asset's returns also go up by the same percentage, and vice versa. This perfect positive correlation implies that the assets perform similarly in different market conditions.
- A correlation of -1 indicates a perfect inverse relationship between the returns of the two assets. When one asset's returns go up, the other asset's returns go down by the same percentage. This perfect negative correlation suggests that the assets move in opposite directions, providing a diversification benefit by reducing overall portfolio risk.
- A correlation of 0 means that there is no linear relationship between the returns of the two assets. The returns of one asset do not predict the returns of the other.
Learn about historical correlations here: see how the main asset classes relate 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 ONE-YEAR FIXED-INCOME I (DFIHX) FUND
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 January 1871 - 30 June 2024 (~154 years)
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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 ONE-YEAR FIXED-INCOME I (DFIHX) FUND
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 January 1871 - 30 June 2024 (~154 years)
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If you need a deeper detail about rolling returns, please refer to the DFA One-Year Fixed-Income I (DFIHX) Fund: Rolling Returns page.
Seasonality
In which months is it better to invest in DFA One-Year Fixed-Income I (DFIHX) Fund?
Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past. They are retrieved considering the data source from January 1871 to June 2024.
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For further information about the seasonality, check the Asset Class Seasonality page.
Monthly Returns
This section provides a visual/tabular representation of the performance variability in the DFA One-Year Fixed-Income I (DFIHX) Fund over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.
DFA ONE-YEAR FIXED-INCOME I (DFIHX) FUND
Monthly Returns Distribution
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 January 1871 - 30 June 2024 (~154 years)
315 Positive Months (88%) - 45 Negative Months (13%)
1431 Positive Months (78%) - 411 Negative Months (22%)
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Investment Returns, up to December 1983, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.
You can find additional information on extended Data Sources here.
The first official book of
Build wealth
with Lazy Portfolios and Passive Investing
with Lazy Portfolios and Passive Investing
