Data as of Oct 28, 2026.
DFSD vs SPIB: Differences, Returns & Fees
DFSD's duration was 2.9 years on Jul 31, 2026 and SPIB's 4.2 on Jun 30, 2026; SPIB charges 0.04% to DFSD's 0.16%.
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Net assets: $7.1bn on Jul 31, 2026 for Dimensional Short-Duration Fixed Income ETF, and $11.6bn on Oct 27, 2026 for State Street SPDR Portfolio Intermediate Term Corporate Bond ETF.
Pair scorecard
SPIB costs 0.12 points a year less; their one-year returns differ by 1.2 points.
| Measure | DFSD | SPIB |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.1% | −0.1% |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. Intermediate Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.16% | 0.04% |
| Net assets, DFSD as of Jul 31, 2026 and SPIB as of Oct 27, 2026 | $7.1bn | $11.6bn |
| Holdings | ||
| Holdings in common | 11% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Nov 26, 2021 to Oct 23, 2026 · 256 weekly returns · each against AGGDFSD returned more: +11.9% to +9.0%. DFSD swung less: 2.5% to 4.4%. DFSD fell less at its worst: −8.3% to −13.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DFSD | SPIB | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +11.9% | +9.0% | DFSD | Price change plus distributions, reinvested. | |
| Annualized | +2.3% | +1.8% | DFSD | Total return as a yearly rate. | |
| Price return | −6.7% | −9.8% | DFSD | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 2.5% | 4.4% | DFSD | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 1.9% | 3.2% | DFSD | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −8.3% | −13.2% | DFSD | Deepest fall from a high to the low after it. | |
| Upside capture | 39.0% | 72.7% | 100.0% | SPIB | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 32.6% | 68.2% | 100.0% | DFSD | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.35 | 0.71 | 1.00 | DFSD lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.72 | 0.92 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.69 | −0.49 | SPIB | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.87 | −0.66 | SPIB | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.048 | −0.030 | −0.041 | SPIB | Return above Treasury bills per unit of beta. |
| Calmar | 0.28 | 0.13 | DFSD | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | −0.2% a year | +0.8% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.40 | 1.41 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.4% to +0.9% | −0.3% to +1.9% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.60 | 0.94 | SPIB | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.0% | 2.1% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 256 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DFSD and SPIB hold 11% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
11% in common
Only in one fund ↓
Side by side
DFSD and SPIB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DFSD and SPIB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. DFSD follows No index, actively managed and SPIB follows Bloomberg U.S. Intermediate Corporate Bond Index.
- Holdings in common. 11% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
- Number of holdings. DFSD holds 1,589 positions and SPIB holds 5398.
Data as of Oct 28, 2026.
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DFSD
DFSD is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +1.1% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.16% a year.
SPIB
SPIB tracks an index. Over the year to Oct 28, 2026 it returned −0.1% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, DFSD or SPIB?
- In the year to Oct 28, 2026, with distributions reinvested, DFSD returned +1.1% and SPIB −0.1%.
- Which is cheaper, DFSD or SPIB?
- SPIB is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DFSD against SPIB, data as of Oct 28, 2026. https://etfiq.com/compare/any/dfsd-vs-spib
ETFIQ. (Oct 28, 2026). DFSD against SPIB. Retrieved from https://etfiq.com/compare/any/dfsd-vs-spib
[DFSD against SPIB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dfsd-vs-spib)
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