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DFNM vs DFCA

Dimensional National Municipal Bond ETF vs Dimensional California Municipal Bond ETF

DFNM

Dimensional National Municipal Bond ETF

Dimensional Fund Advisors

Annual cost

0.17%

Fund size

$2.1B

DFCA

Dimensional California Municipal Bond ETF

Dimensional Fund Advisors

Annual cost

0.19%

Fund size

$678M

Key differences

  • DFNM is significantly larger than DFCA — larger funds tend to be more liquid and less likely to close.
  • DFNM follows a active selection strategy; DFCA uses index tracking.

Side-by-side comparison

DFNMDFCA
Annual cost (TER)0.17%0.19%
Fund size (AUM)$2.1B$678M
Since20212023
Dividend yield2.92%2.75%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+4.9%+4.1%
CAGR 3Y+3.2%N/A
CAGR 5YN/AN/A
Sharpe 3Y-0.16N/A
Volatility 1Y1.77%1.78%
Max drawdown-6.99%-3.28%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to DFNM and DFCA