DFCA vs VFMF

Comparison between DIMENSIONAL CALIFORNIA MUNICIPAL BOND ETF (DFCA, ETF) and VANGUARD U.S. MULTIFACTOR ETF ETF SHARES (VFMF, ETF).

DFCA vs VFMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DFCA(ETF)	VFMF(ETF)
Net Assets	$703M	$703M
Expense Ratio	0.19%	0.18%
Max Drawdown	4.35%	42.80%
Sharpe Ratio	0.35	2.17
5Y Beta	0.02	0.88
P/E Ratio	N/A	19.58
Forward P/E	N/A	12.23
5Y Dividends CAGR	N/A	14.48%
5Y EPS CAGR	N/A	15.95%
Debt to Equity	N/A	23.72%
P/S Ratio	N/A	1.01
P/B Ratio	N/A	2.12

Net Assets

DFCA

$703M

Winner

VFMF

$703M

Expense Ratio

DFCA

0.19%

Winner

VFMF

0.18%

Max Drawdown

Winner

DFCA

4.35%

VFMF

42.80%

Sharpe Ratio

DFCA

0.35

Winner

VFMF

2.17

5Y Beta

Winner

DFCA

0.02

VFMF

0.88

P/E Ratio

DFCA

N/A

VFMF

19.58

Forward P/E

DFCA

N/A

VFMF

12.23

5Y Dividends CAGR

DFCA

N/A

VFMF

14.48%

5Y EPS CAGR

DFCA

N/A

VFMF

15.95%

Debt to Equity

DFCA

N/A

VFMF

23.72%

P/S Ratio

DFCA

N/A

VFMF

1.01

P/B Ratio

DFCA

N/A

VFMF

2.12

DFCA vs VFMF - Historical Returns

Returns include dividend reinvestment.

Period	DFCA	VFMF
1 month	-0.34%	+3.81%
3 months	+0.01%	+9.80%
6 months	+0.21%	+16.02%
1 year	+4.36%	+36.75%
5 years(CAGR)	N/A	+14.93%
10 years(CAGR)	N/A	+12.66%
Max(CAGR)	+2.56%	+12.66%

DFCA

-0.34%

Winner

VFMF

+3.81%

DFCA

+0.01%

Winner

VFMF

+9.80%

DFCA

+0.21%

Winner

VFMF

+16.02%

DFCA

+4.36%

Winner

VFMF

+36.75%

5Y(CAGR)

DFCA

N/A

VFMF

+14.93%

10Y(CAGR)

DFCA

N/A

VFMF

+12.66%

Max(CAGR)

DFCA

+2.56%

Winner

VFMF

+12.66%

DFCA vs VFMF - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	DFCA	VFMF
2026	+0.70%	+20.59%
2025	+2.96%	+17.53%
2024	+1.71%	+15.63%
2023	+2.59%	+19.78%
2022	N/A	-5.99%
2021	N/A	+31.29%
2020	N/A	+4.57%
2019	N/A	+21.48%
2018	N/A	-11.28%

DFCA vs VFMF Drawdown Comparison

The maximum drawdown for DFCA was -3.28%, occurring on Apr 11, 2025. Recovery took 131 trading sessions.

The maximum drawdown for VFMF was -41.33%, occurring on Mar 23, 2020. Recovery took 223 trading sessions.

The current DFCA drawdown is -0.82%.

Rank	DFCA	VFMF
#1	-3.28% Feb 28, 2025 - Sep 8, 2025	-41.33% Jan 17, 2020 - Dec 4, 2020
#2	-3.07% Jul 26, 2023 - Nov 29, 2023	-23.57% Aug 29, 2018 - Jan 16, 2020
#3	-1.77% Feb 27, 2026 - Mar 27, 2026	-20.57% Nov 25, 2024 - Aug 13, 2025
#4	-1.63% Dec 6, 2024 - Feb 28, 2025	-19.04% Nov 16, 2021 - Jul 13, 2023
#5	-1.27% Mar 7, 2024 - Jul 5, 2024	-10.05% Aug 1, 2023 - Dec 4, 2023
#6	-1.13% Oct 1, 2024 - Nov 27, 2024	-8.63% Jul 31, 2024 - Oct 11, 2024
#7	-0.60% Jan 8, 2024 - Jan 31, 2024	-7.67% Jun 8, 2021 - Aug 27, 2021
#8	-0.57% Feb 1, 2024 - Mar 5, 2024	-7.08% Feb 26, 2026 - Apr 14, 2026
#9	-0.42% Aug 5, 2024 - Sep 4, 2024	-6.33% Mar 28, 2024 - Jul 15, 2024
#10	-0.37% Nov 28, 2025 - Dec 19, 2025	-5.39% Mar 9, 2018 - May 16, 2018
#11	-0.37% Sep 22, 2025 - Oct 13, 2025	-5.21% May 7, 2021 - Jun 8, 2021
#12	-0.28% Jul 19, 2024 - Jul 26, 2024	-4.93% Aug 27, 2021 - Oct 18, 2021
#13	-0.22% Dec 29, 2023 - Jan 8, 2024	-4.91% Mar 15, 2021 - Apr 5, 2021
#14	-0.22% Nov 11, 2025 - Nov 19, 2025	-4.67% Nov 12, 2025 - Nov 25, 2025
#15	-0.20% Oct 24, 2025 - Nov 10, 2025	-4.24% Sep 18, 2025 - Oct 27, 2025