- ISIN
- US2332036456
- Issuer
- Dimensional
- Inception Date
- Feb 8, 1996
- Category
- Global Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DFGFX Performance Chart
DFA Two Year Global Fixed Income Portfolio (DFGFX) is up 1.8% since the beginning of the year. DFGFX is currently trading at $10 per share. Investors who bought $1,000 worth of DFGFX shares 5 years ago would now be looking at an investment worth $1,123.
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Returns By Period
DFA Two Year Global Fixed Income Portfolio (DFGFX) has returned 1.80% so far this year and 2.64% over the past 12 months. Over the last ten years, DFGFX has returned 1.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
DFA Two Year Global Fixed Income Portfolio
- 1D
- 0.10%
- 1M
- 0.41%
- YTD
- 1.80%
- 6M
- 1.91%
- 1Y
- 2.64%
- 3Y*
- 4.33%
- 5Y*
- 2.34%
- 10Y*
- 1.82%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DFGFX Monthly Returns History
Based on dividend-adjusted daily data since Jun 20, 1996, DFGFX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 77% of months were positive and 23% were negative. The best month was Sep 2001 with a return of +1.3%, while the worst month was Mar 2022 at -1.2%. The longest winning streak lasted 55 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DFGFX closed higher 20% of trading days. The best single day was Dec 10, 2024 with a return of +2.2%, while the worst single day was Dec 11, 2024 at -2.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.41% | 0.31% | 0.05% | 0.31% | 0.51% | 0.20% | 1.80% | ||||||
| 2025 | 0.41% | 0.31% | 0.41% | 0.31% | 0.41% | -1.11% | 0.41% | 0.41% | 0.31% | 0.41% | 0.30% | 0.30% | 2.89% |
| 2024 | 0.41% | 0.51% | 0.41% | 0.51% | 0.41% | 0.42% | 0.50% | 0.40% | 0.49% | 0.41% | 0.41% | 0.35% | 5.36% |
| 2023 | 0.53% | -0.10% | 0.84% | 0.31% | 0.21% | 0.31% | 0.41% | 0.51% | 0.45% | 0.41% | 0.51% | 0.46% | 4.95% |
| 2022 | -0.51% | -0.31% | -1.22% | -0.41% | 0.52% | -0.72% | 0.42% | -0.52% | -0.62% | 0.10% | 0.42% | 0.22% | -2.62% |
| 2021 | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.10% | -0.30% | 0.10% | -0.17% | -0.37% |
Benchmark Metrics
DFA Two Year Global Fixed Income Portfolio has an annualized alpha of 2.78%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 20, 1996.
- This fund captured 5.47% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.44%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.78%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 5.47%
- Downside Capture
- -7.44%
Expense Ratio
DFGFX has an expense ratio of 0.16%, which is considered low.
Return for Risk
Risk / Return Rank
DFGFX ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DFA Two Year Global Fixed Income Portfolio (DFGFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DFGFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 2.29 | 1.37 | +0.92 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.78 | -0.89 |
| Martin ratioReturn relative to average drawdown | 5.81 | 12.44 | -6.63 |
Dividends
Dividend History
DFA Two Year Global Fixed Income Portfolio provided a 3.09% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.26 | $0.46 | $0.31 | $0.11 | $0.02 | $0.06 | $0.22 | $0.22 | $0.15 | $0.06 | $0.00 |
Dividend yield | 3.09% | 2.67% | 4.77% | 3.19% | 1.17% | 0.23% | 0.57% | 2.24% | 2.21% | 1.54% | 0.65% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for DFA Two Year Global Fixed Income Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.26 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.46 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DFA Two Year Global Fixed Income Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DFA Two Year Global Fixed Income Portfolio was 4.00%, occurring on Oct 20, 2022. Recovery took 222 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -4.00%Oct 2022 | 1y 15d | 10mo 26d | 1y 11moOct 2021 - Sep 2023 |
2024 pullback2024 | -2.12%Dec 2024 | 0s | 5mo 26d | 5mo 26dDec 2024 - Jun 2025 |
2004 pullback2004 | -1.70%Jun 2004 | 2mo 20d | 10mo 5d | 1y 20dMar 2004 - Apr 2005 |
2025 pullback2025 | -1.41%Jun 2025 | 0s | 3mo 19d | 3mo 19dJun 2025 - Oct 2025 |
Dot-com crash2000–2002 | -1.27%Sep 2002 | 5d | 3mo 8d | 3mo 13dSep 2002 - Dec 2002 |
Drawdown Indicators
| DFGFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.00% | -56.78% | +52.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.41% | -9.10% | +7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.12% | -18.90% | +16.78% |
Max Drawdown (5Y)Largest decline over 5 years | -4.00% | -25.43% | +21.43% |
Max Drawdown (10Y)Largest decline over 10 years | -4.00% | -33.92% | +29.92% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -10.71% | +10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 2.03% | -1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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