DFNM vs BALT
Comparison between DIMENSIONAL NATIONAL MUNICIPAL BOND ETF (DFNM, ETF) and Innovator Defined Wealth Shield ETF (BALT, ETF).
DFNM vs BALT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
DFNM
$2.10B
Winner
BALT
$2.20B
Expense Ratio
Winner
DFNM
0.17%
BALT
0.69%
Max Drawdown
DFNM
8.40%
Winner
BALT
4.89%
Sharpe Ratio
DFNM
0.67
Winner
BALT
1.74
5Y Beta
Winner
DFNM
0.00
BALT
0.21
DFNM vs BALT - Historical Returns
Returns include dividend reinvestment.
1M
DFNM
+0.37%
Winner
BALT
+0.89%
3M
DFNM
-0.19%
Winner
BALT
+0.70%
6M
DFNM
+1.49%
Winner
BALT
+3.17%
1Y
DFNM
+5.07%
Winner
BALT
+7.68%
5Y(CAGR)
DFNM
+1.40%
Winner
BALT
+5.92%
Max(CAGR)
DFNM
+1.40%
Winner
BALT
+5.92%
DFNM vs BALT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | DFNM | BALT |
|---|---|---|
| 2026 | +0.97% | +1.37% |
| 2025 | +3.78% | +6.57% |
| 2024 | +1.36% | +10.32% |
| 2023 | +3.88% | +7.61% |
| 2022 | -3.96% | +2.48% |
| 2021 | +0.47% | +0.82% |
DFNM vs BALT Drawdown Comparison
The maximum drawdown for DFNM was -6.99%, occurring on Oct 31, 2022. Recovery took 637 trading sessions.
The maximum drawdown for BALT was -4.89%, occurring on Apr 8, 2025. Recovery took 71 trading sessions.
The current DFNM drawdown is -0.67%. The current BALT drawdown is -0.06%.
| Rank | DFNM | BALT |
|---|---|---|
| #1 | -6.99% Dec 30, 2021 - Jul 16, 2024 | -4.89% Feb 20, 2025 - Jun 3, 2025 |
| #2 | -2.79% Mar 3, 2025 - Sep 4, 2025 | -2.16% Jan 4, 2022 - Jul 8, 2022 |
| #3 | -1.84% Feb 27, 2026 - Mar 26, 2026 | -1.98% Aug 25, 2022 - Nov 10, 2022 |
| #4 | -1.41% Oct 2, 2024 - Dec 2, 2024 | -1.85% Jul 16, 2024 - Aug 19, 2024 |
| #5 | -1.33% Dec 6, 2024 - Feb 25, 2025 | -1.84% Sep 14, 2023 - Nov 14, 2023 |
| #6 | -0.43% Aug 5, 2024 - Sep 3, 2024 | -1.15% Feb 25, 2026 - Apr 14, 2026 |
| #7 | -0.24% Sep 22, 2025 - Oct 8, 2025 | -1.14% Aug 30, 2024 - Sep 13, 2024 |
| #8 | -0.21% Nov 11, 2025 - Nov 20, 2025 | -1.03% Mar 28, 2024 - May 9, 2024 |
| #9 | -0.20% Nov 30, 2021 - Dec 20, 2021 | -0.85% Jul 31, 2023 - Aug 30, 2023 |
| #10 | -0.19% Oct 22, 2025 - Nov 11, 2025 | -0.85% Nov 11, 2025 - Nov 25, 2025 |
| #11 | -0.18% Jan 16, 2026 - Jan 28, 2026 | -0.76% Dec 16, 2024 - Dec 24, 2024 |
| #12 | -0.13% Jul 30, 2024 - Aug 1, 2024 | -0.76% Mar 6, 2023 - Mar 21, 2023 |
| #13 | -0.13% Sep 17, 2024 - Sep 25, 2024 | -0.62% Dec 11, 2025 - Dec 22, 2025 |
| #14 | -0.12% Jul 18, 2024 - Jul 30, 2024 | -0.58% Sep 27, 2021 - Oct 19, 2021 |
| #15 | -0.12% Dec 1, 2025 - Dec 15, 2025 | -0.55% Oct 8, 2025 - Oct 20, 2025 |
Correlation
Correlation between DFNM and BALT is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
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