18M2.DE vs. DGCFX

Last updated Jun 4, 2026

18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and DGCFX (DFA Global Core Plus Fixed Income Portfolio) are both funds - 18M2.DE is a Europe Equities fund tracking the MSCI EMU High Dividend Yield, while DGCFX is a Global Bonds fund managed by Dimensional. Over the past 5 years, 18M2.DE returned 8.83%/yr vs 1.57%/yr for DGCFX. At a correlation of -0.03, they often move in opposite directions. 18M2.DE charges 0.30%/yr vs 0.25%/yr for DGCFX.

Performance

18M2.DE vs. DGCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and DFA Global Core Plus Fixed Income Portfolio (DGCFX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

18M2.DE is traded in EUR, while DGCFX is traded in USD. To make them comparable, the DGCFX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 18M2.DE achieves a 6.41% return, which is significantly higher than DGCFX's 2.33% return.

18M2.DE

• 1D: -0.35%
• 1M: 1.82%
• YTD: 6.41%
• 6M: 9.33%
• 1Y: 15.52%
• 3Y*: 11.98%
• 5Y*: 8.83%
• 10Y*: 8.27%

DGCFX

• 1D: 0.33%
• 1M: 1.70%
• YTD: 2.33%
• 6M: 1.42%
• 1Y: 3.01%
• 3Y*: 2.88%
• 5Y*: 1.57%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

18M2.DE vs. DGCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR	6.41%	21.49%	3.36%	16.14%	-6.47%	16.02%	-6.39%	24.91%	-2.15%
DGCFX DFA Global Core Plus Fixed Income Portfolio	2.33%	-6.48%	10.41%	6.71%	-10.66%	5.29%	-0.44%	14.07%	9.42%

Correlation

The correlation between 18M2.DE and DGCFX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	-0.03

The correlation between 18M2.DE and DGCFX shifts across timeframes, from -0.05 (5 years) to 0.07 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

18M2.DE vs. DGCFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

18M2.DE

18M2.DE Risk / Return Rank: 43
18M2.DE Sharpe Ratio Rank: 41
18M2.DE Sortino Ratio Rank: 39
18M2.DE Omega Ratio Rank: 42
18M2.DE Calmar Ratio Rank: 50
18M2.DE Martin Ratio Rank: 41

DGCFX

DGCFX Risk / Return Rank: 26
DGCFX Sharpe Ratio Rank: 28
DGCFX Sortino Ratio Rank: 29
DGCFX Omega Ratio Rank: 30
DGCFX Calmar Ratio Rank: 21
DGCFX Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

18M2.DE vs. DGCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and DFA Global Core Plus Fixed Income Portfolio (DGCFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	18M2.DE	DGCFX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	0.60	+0.85
Sortino ratio: Return per unit of downside risk	2.02	0.88	+1.14
Omega ratio: Gain probability vs. loss probability	1.27	1.11	+0.16
Calmar ratio: Return relative to maximum drawdown	2.49	0.87	+1.63
Martin ratio: Return relative to average drawdown	6.57	2.41	+4.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

18M2.DE vs. DGCFX - Sharpe Ratio Comparison

The current 18M2.DE Sharpe Ratio is 1.46, which is higher than the DGCFX Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of 18M2.DE and DGCFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	18M2.DE	DGCFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.60	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.19	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.44	0.00

Drawdowns

18M2.DE vs. DGCFX - Drawdown Comparison

The maximum 18M2.DE drawdown since its inception was -37.06%, which is greater than DGCFX's maximum drawdown of -13.17%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and DGCFX.

Drawdown Indicators

	18M2.DE	DGCFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.06%	-13.17%	-23.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-4.17%	-2.02%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	-11.15%	-3.53%
Max Drawdown (5Y) Largest decline over 5 years	-20.81%	-13.17%	-7.64%
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	—	—
Current Drawdown Current decline from peak	-1.76%	-6.06%	+4.30%
Average Drawdown Average peak-to-trough decline	-6.42%	-4.99%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	1.54%	+0.82%

Volatility

18M2.DE vs. DGCFX - Volatility Comparison

Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) has a higher volatility of 3.02% compared to DFA Global Core Plus Fixed Income Portfolio (DGCFX) at 1.27%. This indicates that 18M2.DE's price experiences larger fluctuations and is considered to be riskier than DGCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	18M2.DE	DGCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	1.27%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	4.42%	+3.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	6.10%	+4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.41%	8.19%	+5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	7.85%	+7.60%

18M2.DE vs. DGCFX - Expense Ratio Comparison

18M2.DE has a 0.30% expense ratio, which is higher than DGCFX's 0.25% expense ratio.

Dividends

18M2.DE vs. DGCFX - Dividend Comparison

18M2.DE has not paid dividends to shareholders, while DGCFX's dividend yield for the trailing twelve months is around 4.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DGCFX DFA Global Core Plus Fixed Income Portfolio	4.75%	4.22%	4.40%	4.03%	2.26%	2.45%	1.78%	1.92%	6.17%

Frequently Asked Questions

Can I hold both 18M2.DE and DGCFX in my portfolio?

18M2.DE and DGCFX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.