DFGBX vs. PGGIX
DFGBX (DFA Five Year Global Fixed Income Portfolio) and PGGIX (Putnam Global Income Trust) are both Global Bonds funds. Over the past 10 years, DFGBX returned 1.24%/yr vs 0.46%/yr for PGGIX. At a 0.38 correlation, their price movements are largely independent. DFGBX charges 0.23%/yr vs 0.91%/yr for PGGIX.
Performance
DFGBX vs. PGGIX - Performance Comparison
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Returns By Period
In the year-to-date period, DFGBX achieves a 1.40% return, which is significantly higher than PGGIX's -0.38% return. Over the past 10 years, DFGBX has outperformed PGGIX with an annualized return of 1.24%, while PGGIX has yielded a comparatively lower 0.46% annualized return.
DFGBX
- 1D
- 0.00%
- 1M
- -0.15%
- 6M
- 1.10%
- YTD
- 1.40%
- 1Y
- 3.34%
- 3Y*
- 4.18%
- 5Y*
- 1.22%
- 10Y*
- 1.24%
PGGIX
- 1D
- 0.20%
- 1M
- -0.65%
- 6M
- -0.48%
- YTD
- -0.38%
- 1Y
- 2.15%
- 3Y*
- 3.00%
- 5Y*
- -1.85%
- 10Y*
- 0.46%
DFGBX vs. PGGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFGBX DFA Five Year Global Fixed Income Portfolio | 1.40% | 3.13% | 5.37% | 5.00% | -6.63% | -1.03% | 1.52% | 4.04% | 1.68% | 0.88% |
PGGIX Putnam Global Income Trust | -0.38% | 6.27% | -0.26% | 5.27% | -15.05% | -6.38% | 5.93% | 9.35% | -2.36% | 7.24% |
Correlation
The correlation between DFGBX and PGGIX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 1990 | 0.38 |
Over the past year, DFGBX and PGGIX have become more correlated (0.62) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
DFGBX vs. PGGIX — Risk / Return Rank
DFGBX
PGGIX
DFGBX vs. PGGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Five Year Global Fixed Income Portfolio (DFGBX) and Putnam Global Income Trust (PGGIX). 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.
| DFGBX | PGGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.10 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.62 | +1.82 |
| Martin ratioReturn relative to average drawdown | 8.61 | 1.69 | +6.92 |
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Drawdowns
DFGBX vs. PGGIX - Drawdown Comparison
The maximum DFGBX drawdown since its inception was -9.63%, smaller than the maximum PGGIX drawdown of -26.81%. Use the drawdown chart below to compare losses from any high point for DFGBX and PGGIX.
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Drawdown Indicators
| DFGBX | PGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.63% | -26.81% | +17.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -3.14% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -1.67% | -5.60% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -9.63% | -23.33% | +13.70% |
Max Drawdown (10Y)Largest decline over 10 years | -9.63% | -25.24% | +15.61% |
Current DrawdownCurrent decline from peak | -0.40% | -11.73% | +11.33% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -4.52% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.15% | -0.76% |
Volatility
DFGBX vs. PGGIX - Volatility Comparison
The current volatility for DFA Five Year Global Fixed Income Portfolio (DFGBX) is 0.51%, while Putnam Global Income Trust (PGGIX) has a volatility of 0.97%. This indicates that DFGBX experiences smaller price fluctuations and is considered to be less risky than PGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFGBX | PGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.97% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 2.82% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 3.54% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 5.16% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.92% | 4.54% | -2.62% |
DFGBX vs. PGGIX - Expense Ratio Comparison
DFGBX has a 0.23% expense ratio, which is lower than PGGIX's 0.91% expense ratio.
Dividends
DFGBX vs. PGGIX - Dividend Comparison
DFGBX's dividend yield for the trailing twelve months is around 4.62%, more than PGGIX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFGBX DFA Five Year Global Fixed Income Portfolio | 4.62% | 2.91% | 4.69% | 3.61% | 1.63% | 0.73% | 0.03% | 2.30% | 4.74% | 0.89% | 1.16% | 1.72% |
PGGIX Putnam Global Income Trust | 3.28% | 3.86% | 2.79% | 2.17% | 2.06% | 1.72% | 1.65% | 2.04% | 2.42% | 3.17% | 3.29% | 2.44% |
Frequently Asked Questions
DFGBX and PGGIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGGIX has higher volatility (0.97%) compared to DFGBX (0.51%). In terms of maximum drawdown, DFGBX dropped -9.63% vs PGGIX's -26.81%.
DFGBX currently has the higher Sharpe Ratio (2.20 vs 0.55), 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.
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