AVGB vs. DGCB

Last updated Jun 3, 2026

AVGB (Avantis Credit ETF) and DGCB (Dimensional Global Credit ETF) are both Global Bonds funds. Both are actively managed. Over the past year, AVGB returned 4.82% vs 6.15% for DGCB. Their correlation of 0.87 suggests significant overlap in exposure. AVGB charges 0.19%/yr vs 0.20%/yr for DGCB.

Performance

AVGB vs. DGCB - Performance Comparison

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

Returns By Period

In the year-to-date period, AVGB achieves a 0.87% return, which is significantly lower than DGCB's 1.43% return.

AVGB

• 1D: 0.03%
• 1M: 0.47%
• YTD: 0.87%
• 6M: 1.12%
• 1Y: 4.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGCB

• 1D: 0.03%
• 1M: 0.76%
• YTD: 1.43%
• 6M: 1.40%
• 1Y: 6.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGB vs. DGCB - Yearly Performance Comparison

	2026 (YTD)	2025
AVGB Avantis Credit ETF	0.87%	4.89%
DGCB Dimensional Global Credit ETF	1.43%	5.97%

Correlation

The correlation between AVGB and DGCB is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Apr 21, 2025	0.87

The correlation between AVGB and DGCB has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

AVGB vs. DGCB — Risk / Return Rank

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

AVGB

AVGB Risk / Return Rank: 54
AVGB Sharpe Ratio Rank: 56
AVGB Sortino Ratio Rank: 61
AVGB Omega Ratio Rank: 59
AVGB Calmar Ratio Rank: 44
AVGB Martin Ratio Rank: 49

DGCB

DGCB Risk / Return Rank: 42
DGCB Sharpe Ratio Rank: 44
DGCB Sortino Ratio Rank: 44
DGCB Omega Ratio Rank: 44
DGCB Calmar Ratio Rank: 38
DGCB Martin Ratio Rank: 42

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. DGCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Credit ETF (AVGB) and Dimensional Global Credit ETF (DGCB). 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.

	AVGB	DGCB	Difference
Sharpe ratio Return per unit of total volatility	1.96	1.56	+0.40
Sortino ratio Return per unit of downside risk	2.91	2.26	+0.65
Omega ratio Gain probability vs. loss probability	1.37	1.28	+0.09
Calmar ratio Return relative to maximum drawdown	2.24	1.93	+0.31
Martin ratio Return relative to average drawdown	8.36	6.80	+1.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGB vs. DGCB - Sharpe Ratio Comparison

The current AVGB Sharpe Ratio is 1.96, which is comparable to the DGCB Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of AVGB and DGCB, 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

	AVGB	DGCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.56	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	2.09	1.49	+0.60

Drawdowns

AVGB vs. DGCB - Drawdown Comparison

The maximum AVGB drawdown since its inception was -2.12%, smaller than the maximum DGCB drawdown of -3.50%. Use the drawdown chart below to compare losses from any high point for AVGB and DGCB.

Drawdown Indicators

	AVGB	DGCB	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-3.50%	+1.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.12%	-3.08%	+0.96%
Current Drawdown Current decline from peak	-0.34%	-0.45%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.80%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	0.87%	-0.30%

Volatility

AVGB vs. DGCB - Volatility Comparison

The current volatility for Avantis Credit ETF (AVGB) is 0.87%, while Dimensional Global Credit ETF (DGCB) has a volatility of 1.47%. This indicates that AVGB experiences smaller price fluctuations and is considered to be less risky than DGCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGB	DGCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	1.47%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	1.92%	3.18%	-1.26%
Volatility (1Y) Calculated over the trailing 1-year period	2.48%	3.97%	-1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.49%	4.82%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.49%	4.82%	-2.33%

AVGB vs. DGCB - Expense Ratio Comparison

AVGB has a 0.19% expense ratio, which is lower than DGCB's 0.20% 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. DGCB - Dividend Comparison

AVGB's dividend yield for the trailing twelve months is around 3.46%, more than DGCB's 3.22% yield.

Position	TTM	2025	2024	2023
AVGB Avantis Credit ETF	3.46%	3.49%	0.00%	0.00%
DGCB Dimensional Global Credit ETF	3.22%	3.43%	4.72%	0.63%

Frequently Asked Questions

Can I hold both AVGB and DGCB in my portfolio?

AVGB and DGCB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGB or DGCB?

DGCB has higher volatility (1.47%) compared to AVGB (0.87%). In terms of maximum drawdown, AVGB dropped -2.12% vs DGCB's -3.50%.

Which ETF is better, AVGB or DGCB?

On 1-year performance, DGCB leads with 6.15% vs 4.82% for AVGB. On fees, AVGB is cheaper at 0.19% per year. On volatility, AVGB has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGB or DGCB?

Over the 1-year period, DGCB has performed better with a 6.15% return vs 4.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGB or DGCB?

AVGB is cheaper with a 0.19% expense ratio, compared with 0.20% for DGCB.

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

AVGB has the higher dividend yield at 3.46%, compared with 3.22% for DGCB.

What is the main difference between AVGB and DGCB?

They also come from different issuers: Avantis and Dimensional. Their fees differ too: 0.19% for AVGB and 0.20% for DGCB.

Which has better risk-adjusted returns?

AVGB currently has the higher Sharpe Ratio (1.96 vs 1.56), 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.