DFGFX vs. DFFVX

Last updated Jun 4, 2026

DFGFX (DFA Two Year Global Fixed Income Portfolio) and DFFVX (DFA U.S. Targeted Value Portfolio) are both mutual funds - DFGFX is a Global Bonds fund managed by Dimensional, while DFFVX is a Small Cap Value Equities fund managed by Dimensional. Over the past 10 years, DFGFX returned 1.81%/yr vs 11.05%/yr for DFFVX. At a correlation of -0.11, they often move in opposite directions. DFGFX charges 0.16%/yr vs 0.29%/yr for DFFVX.

Performance

DFGFX vs. DFFVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Two Year Global Fixed Income Portfolio (DFGFX) and DFA U.S. Targeted Value Portfolio (DFFVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFGFX achieves a 1.60% return, which is significantly lower than DFFVX's 14.56% return. Over the past 10 years, DFGFX has underperformed DFFVX with an annualized return of 1.81%, while DFFVX has yielded a comparatively higher 11.05% annualized return.

DFGFX

• 1D: 0.00%
• 1M: 0.51%
• YTD: 1.60%
• 6M: 1.90%
• 1Y: 2.64%
• 3Y*: 4.29%
• 5Y*: 2.30%
• 10Y*: 1.81%

DFFVX

• 1D: 0.96%
• 1M: 2.48%
• YTD: 14.56%
• 6M: 14.49%
• 1Y: 32.25%
• 3Y*: 17.52%
• 5Y*: 8.76%
• 10Y*: 11.05%

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

DFGFX vs. DFFVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFGFX DFA Two Year Global Fixed Income Portfolio	1.60%	2.89%	5.36%	4.95%	-2.62%	-0.37%	0.88%	2.87%	1.91%	0.93%
DFFVX DFA U.S. Targeted Value Portfolio	14.56%	9.53%	9.34%	19.37%	-4.66%	31.53%	3.78%	21.51%	-15.79%	9.20%

Correlation

The correlation between DFGFX and DFFVX 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	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Feb 24, 2000	-0.11

The correlation between DFGFX and DFFVX shifts across timeframes, from -0.11 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DFGFX vs. DFFVX — Risk / Return Rank

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

DFGFX

DFGFX Risk / Return Rank: 40
DFGFX Sharpe Ratio Rank: 34
DFGFX Sortino Ratio Rank: 19
DFGFX Omega Ratio Rank: 98
DFGFX Calmar Ratio Rank: 26
DFGFX Martin Ratio Rank: 23

DFFVX

DFFVX Risk / Return Rank: 56
DFFVX Sharpe Ratio Rank: 48
DFFVX Sortino Ratio Rank: 50
DFFVX Omega Ratio Rank: 45
DFFVX Calmar Ratio Rank: 78
DFFVX Martin Ratio Rank: 58

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.

DFGFX vs. DFFVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Two Year Global Fixed Income Portfolio (DFGFX) and DFA U.S. Targeted Value Portfolio (DFFVX). 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.

	DFGFX	DFFVX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.03	-0.35
Sortino ratio: Return per unit of downside risk	1.84	2.98	-1.14
Omega ratio: Gain probability vs. loss probability	2.36	1.36	+0.99
Calmar ratio: Return relative to maximum drawdown	1.89	3.57	-1.67
Martin ratio: Return relative to average drawdown	5.81	11.57	-5.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFGFX vs. DFFVX - Sharpe Ratio Comparison

The current DFGFX Sharpe Ratio is 1.69, which is comparable to the DFFVX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of DFGFX and DFFVX, 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

	DFGFX	DFFVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.03	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.28	0.41	+0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.34	0.47	+0.87
Sharpe Ratio (All Time) Calculated using the full available price history	2.29	0.47	+1.82

Drawdowns

DFGFX vs. DFFVX - Drawdown Comparison

The maximum DFGFX drawdown since its inception was -4.00%, smaller than the maximum DFFVX drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for DFGFX and DFFVX.

Drawdown Indicators

	DFGFX	DFFVX	Difference
Max Drawdown Largest peak-to-trough decline	-4.00%	-64.21%	+60.21%
Max Drawdown (1Y) Largest decline over 1 year	-1.41%	-9.70%	+8.29%
Max Drawdown (3Y) Largest decline over 3 years	-2.12%	-26.09%	+23.97%
Max Drawdown (5Y) Largest decline over 5 years	-4.00%	-26.09%	+22.09%
Max Drawdown (10Y) Largest decline over 10 years	-4.00%	-50.75%	+46.75%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.23%	-9.71%	+9.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	2.98%	-2.52%

Volatility

DFGFX vs. DFFVX - Volatility Comparison

The current volatility for DFA Two Year Global Fixed Income Portfolio (DFGFX) is 0.28%, while DFA U.S. Targeted Value Portfolio (DFFVX) has a volatility of 4.26%. This indicates that DFGFX experiences smaller price fluctuations and is considered to be less risky than DFFVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFGFX	DFFVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	4.26%	-3.98%
Volatility (6M) Calculated over the trailing 6-month period	0.52%	11.04%	-10.52%
Volatility (1Y) Calculated over the trailing 1-year period	1.58%	17.02%	-15.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.81%	21.54%	-19.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.36%	23.67%	-22.31%

DFGFX vs. DFFVX - Expense Ratio Comparison

DFGFX has a 0.16% expense ratio, which is lower than DFFVX's 0.29% expense ratio.

Dividends

DFGFX vs. DFFVX - Dividend Comparison

DFGFX's dividend yield for the trailing twelve months is around 3.10%, more than DFFVX's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFFVX DFA U.S. Targeted Value Portfolio	1.50%	1.69%	1.40%	2.26%	5.17%	2.74%	1.52%	3.82%	5.95%	5.16%	3.95%	5.84%
DFGFX DFA Two Year Global Fixed Income Portfolio	3.10%	2.67%	4.77%	3.19%	1.17%	0.23%	0.57%	2.24%	2.21%	1.54%	0.65%	0.02%

Frequently Asked Questions

Can I hold both DFGFX and DFFVX in my portfolio?

DFGFX and DFFVX 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.

Which is riskier, DFGFX or DFFVX?

DFFVX has higher volatility (4.26%) compared to DFGFX (0.28%). In terms of maximum drawdown, DFGFX dropped -4.00% vs DFFVX's -64.21%.

Which has better risk-adjusted returns?

DFFVX currently has the higher Sharpe Ratio (2.03 vs 1.69), 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.