- Issuer
- Dimensional
- Inception Date
- Nov 7, 2023
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
DGCB Performance Chart
Dimensional Global Credit ETF (DGCB) is up 0.9% since the beginning of the year. DGCB is currently trading at $54 per share.
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Returns By Period
Dimensional Global Credit ETF (DGCB) has returned 0.87% so far this year and 4.49% over the past 12 months.
Dimensional Global Credit ETF
- 1D
- -0.59%
- 1M
- 0.18%
- YTD
- 0.87%
- 6M
- 0.98%
- 1Y
- 4.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
DGCB Monthly Returns History
Based on dividend-adjusted daily data since Nov 8, 2023, DGCB's average daily return is +0.03%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 72% of months were positive and 28% were negative. The best month was Dec 2023 with a return of +3.7%, while the worst month was Mar 2026 at -2.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, DGCB closed higher 55% of trading days. The best single day was Nov 14, 2023 with a return of +1.3%, while the worst single day was Apr 8, 2025 at -1.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | 1.13% | -2.04% | 0.67% | 0.94% | -0.54% | 0.87% | ||||||
| 2025 | 0.62% | 1.65% | -0.58% | -0.03% | 0.48% | 1.54% | 0.18% | 0.73% | 1.32% | 0.46% | 0.40% | -0.27% | 6.68% |
| 2024 | 0.18% | -1.05% | 1.30% | -1.80% | 1.59% | 0.71% | 2.06% | 1.18% | 1.48% | -1.94% | 1.79% | -1.64% | 3.80% |
| 2023 | 2.40% | 3.66% | 6.14% |
Benchmark Metrics
Dimensional Global Credit ETF has an annualized alpha of 4.57%, beta of 0.10, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since November 08, 2023.
- This ETF participated in 27.51% of S&P 500 Index downside but only 25.84% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.10 may look defensive, but with R2 of 0.11 this ETF 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 ETF's risk.
- R2 of 0.11 means this ETF 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
- 4.57%
- Beta
- 0.10
- R²
- 0.11
- Upside Capture
- 25.84%
- Downside Capture
- 27.51%
Expense Ratio
DGCB has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
DGCB ranks 33 for risk / return — below 33% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Dimensional Global Credit ETF (DGCB) 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.
| DGCB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.46 | -0.99 |
| Martin ratioReturn relative to average drawdown | 5.10 | 10.92 | -5.82 |
Dividends
Dividend History
Dimensional Global Credit ETF provided a 3.23% dividend yield over the last twelve months, with an annual payout of $1.76 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.76 | $1.86 | $2.49 | $0.33 |
Dividend yield | 3.23% | 3.43% | 4.72% | 0.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Dimensional Global Credit ETF. 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 | $0.00 | $0.00 | $0.22 | $0.00 | $0.22 | ||||||
| 2025 | $0.01 | $0.19 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.32 | $0.70 | $1.86 |
| 2024 | $0.01 | $0.20 | $0.16 | $0.16 | $0.22 | $0.15 | $0.22 | $0.12 | $0.00 | $0.25 | $0.54 | $0.46 | $2.49 |
| 2023 | $0.01 | $0.33 | $0.33 |
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 Dimensional Global Credit ETF. 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 Dimensional Global Credit ETF was 3.50%, occurring on Jan 13, 2025. Recovery took 32 trading sessions.
The current Dimensional Global Credit ETF drawdown is 0.99%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -3.50%Jan 2025 | 3mo 13d | 1mo 16d | 4mo 29dOct 2024 - Feb 2025 |
2025 selloff2025 | -3.13%Apr 2025 | 1mo 8d | 1mo 24d | 3mo 2dMar 2025 - Jun 2025 |
2026 pullback2026 | -3.08%Mar 2026 | 25d | — | 3mo 24dMar 2026 - now |
2024 pullback2024 | -2.14%Apr 2024 | 2mo 23d | 20d | 3mo 13dFeb 2024 - May 2024 |
2024 pullback2024 | -1.54%Jan 2024 | 8d | 27d | 1mo 5dDec 2023 - Feb 2024 |
Drawdown Indicators
| DGCB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.50% | -56.78% | +53.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -9.10% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.99% | -3.21% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -10.71% | +9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.04% | -1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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