AVGB vs. DFGP

Last updated Jun 23, 2026

AVGB (Avantis Credit ETF) and DFGP (Dimensional Global Core Plus Fixed Income ETF) are both Global Bonds funds. Both are actively managed. Over the past year, AVGB returned 4.36% vs 4.86% for DFGP. Their correlation of 0.88 suggests significant overlap in exposure. AVGB charges 0.19%/yr vs 0.22%/yr for DFGP.

Performance

AVGB vs. DFGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Credit ETF (AVGB) and Dimensional Global Core Plus Fixed Income ETF (DFGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGB achieves a 0.88% return, which is significantly lower than DFGP's 1.53% return.

AVGB

• 1D: -0.10%
• 1M: 0.55%
• YTD: 0.88%
• 6M: 1.15%
• 1Y: 4.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFGP

• 1D: -0.17%
• 1M: 0.95%
• YTD: 1.53%
• 6M: 1.68%
• 1Y: 4.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGB vs. DFGP - Yearly Performance Comparison

	2026 (YTD)	2025
AVGB Avantis Credit ETF	0.88%	4.82%
DFGP Dimensional Global Core Plus Fixed Income ETF	1.53%	5.13%

Correlation

The correlation between AVGB and DFGP is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025	0.88

The correlation between AVGB and DFGP has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

AVGB vs. DFGP — Risk / Return Rank

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

AVGB

AVGB Risk / Return Rank: 50
AVGB Sharpe Ratio Rank: 53
AVGB Sortino Ratio Rank: 56
AVGB Omega Ratio Rank: 54
AVGB Calmar Ratio Rank: 42
AVGB Martin Ratio Rank: 47

DFGP

DFGP Risk / Return Rank: 34
DFGP Sharpe Ratio Rank: 35
DFGP Sortino Ratio Rank: 35
DFGP Omega Ratio Rank: 34
DFGP Calmar Ratio Rank: 31
DFGP Martin Ratio Rank: 35

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.

AVGB vs. DFGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Credit ETF (AVGB) and Dimensional Global Core Plus Fixed Income ETF (DFGP). 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.

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.

	AVGB	DFGP	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.22	+0.53
Sortino ratio: Return per unit of downside risk	2.60	1.78	+0.82
Omega ratio: Gain probability vs. loss probability	1.33	1.22	+0.11
Calmar ratio: Return relative to maximum drawdown	2.06	1.51	+0.56
Martin ratio: Return relative to average drawdown	7.59	5.06	+2.53

AVGB vs. DFGP - Sharpe Ratio Comparison

The current AVGB Sharpe Ratio is 1.75, which is higher than the DFGP Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of AVGB and DFGP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVGB vs. DFGP - Drawdown Comparison

The maximum AVGB drawdown since its inception was -2.12%, smaller than the maximum DFGP drawdown of -3.24%. Use the drawdown chart below to compare losses from any high point for AVGB and DFGP.

Drawdown Indicators

	AVGB	DFGP	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-3.24%	+1.12%
Max Drawdown (1Y) Largest decline over 1 year	-2.12%	-3.24%	+1.12%
Current Drawdown Current decline from peak	-0.32%	-0.53%	+0.21%
Average Drawdown Average peak-to-trough decline	-0.34%	-0.78%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	0.96%	-0.39%

Volatility

AVGB vs. DFGP - Volatility Comparison

The current volatility for Avantis Credit ETF (AVGB) is 0.80%, while Dimensional Global Core Plus Fixed Income ETF (DFGP) has a volatility of 1.20%. This indicates that AVGB experiences smaller price fluctuations and is considered to be less risky than DFGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGB	DFGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	1.20%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	2.00%	3.36%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	4.01%	-1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.51%	4.65%	-2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.51%	4.65%	-2.14%

AVGB vs. DFGP - Expense Ratio Comparison

AVGB has a 0.19% expense ratio, which is lower than DFGP's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVGB vs. DFGP - Dividend Comparison

AVGB's dividend yield for the trailing twelve months is around 4.00%, more than DFGP's 3.63% yield.

Position	TTM	2025	2024	2023
AVGB Avantis Credit ETF	4.00%	3.49%	0.00%	0.00%
DFGP Dimensional Global Core Plus Fixed Income ETF	3.63%	3.45%	4.51%	0.62%

Frequently Asked Questions

Can I hold both AVGB and DFGP in my portfolio?

With a correlation of 0.90, AVGB and DFGP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVGB or DFGP?

DFGP has higher volatility (1.20%) compared to AVGB (0.80%). In terms of maximum drawdown, AVGB dropped -2.12% vs DFGP's -3.24%.

Which ETF is better, AVGB or DFGP?

On 1-year performance, DFGP leads with 4.86% vs 4.36% for AVGB. On fees, AVGB is cheaper at 0.19% per year. On volatility, AVGB has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGB or DFGP?

Over the 1-year period, DFGP has performed better with a 4.86% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGB or DFGP?

AVGB is cheaper with a 0.19% expense ratio, compared with 0.22% for DFGP.

Which ETF pays a higher dividend yield, AVGB or DFGP?

AVGB has the higher dividend yield at 4.00%, compared with 3.63% for DFGP.

What is the main difference between AVGB and DFGP?

They also come from different issuers: Avantis and Dimensional. Their fees differ too: 0.19% for AVGB and 0.22% for DFGP.

Which has better risk-adjusted returns?

AVGB currently has the higher Sharpe Ratio (1.75 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.