VFMF vs DFCA

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

VFMF vs DFCA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

VFMF

$703M

DFCA

$703M

Expense Ratio

Winner

VFMF

0.18%

DFCA

0.19%

Max Drawdown

VFMF

42.80%

Winner

DFCA

4.35%

Sharpe Ratio

Winner

VFMF

2.17

DFCA

0.35

5Y Beta

VFMF

0.88

Winner

DFCA

0.02

P/E Ratio

VFMF

19.58

DFCA

N/A

Forward P/E

VFMF

12.23

DFCA

N/A

5Y Dividends CAGR

VFMF

14.48%

DFCA

N/A

5Y EPS CAGR

VFMF

15.95%

DFCA

N/A

Debt to Equity

VFMF

23.72%

DFCA

N/A

P/S Ratio

VFMF

1.01

DFCA

N/A

P/B Ratio

VFMF

2.12

DFCA

N/A

VFMF vs DFCA - Historical Returns

Returns include dividend reinvestment.

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

Winner

VFMF

+3.81%

DFCA

-0.34%

Winner

VFMF

+9.80%

DFCA

+0.01%

Winner

VFMF

+16.02%

DFCA

+0.21%

Winner

VFMF

+36.75%

DFCA

+4.36%

5Y(CAGR)

VFMF

+14.93%

DFCA

N/A

10Y(CAGR)

VFMF

+12.66%

DFCA

N/A

Max(CAGR)

Winner

VFMF

+12.66%

DFCA

+2.56%

VFMF vs DFCA - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

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

VFMF vs DFCA Drawdown Comparison

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

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

The current DFCA drawdown is -0.82%.

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