DFGFX vs. DFGBX
DFGFX (DFA Two Year Global Fixed Income Portfolio) and DFGBX (DFA Five Year Global Fixed Income Portfolio) are both Global Bonds funds from Dimensional. Over the past 10 years, DFGFX returned 1.86%/yr vs 1.21%/yr for DFGBX. Their 0.50 correlation means their historical movements had little consistent relationship. DFGFX charges 0.16%/yr vs 0.23%/yr for DFGBX.
Performance
DFGFX vs. DFGBX - Performance Comparison
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Returns By Period
In the year-to-date period, DFGFX achieves a 2.15% return, which is significantly higher than DFGBX's 1.50% return. Over the past 10 years, DFGFX has outperformed DFGBX with an annualized return of 1.86%, while DFGBX has yielded a comparatively lower 1.21% annualized return.
DFGFX
- 1D
- 0.10%
- 1M
- 0.10%
- 6M
- 1.73%
- YTD
- 2.15%
- 1Y
- 3.93%
- 3Y*
- 4.27%
- 5Y*
- 2.41%
- 10Y*
- 1.86%
- ALL TIME*
- 2.72%
DFGBX
- 1D
- 0.00%
- 1M
- -0.30%
- 6M
- 1.00%
- YTD
- 1.50%
- 1Y
- 3.14%
- 3Y*
- 4.11%
- 5Y*
- 1.16%
- 10Y*
- 1.21%
- ALL TIME*
- 15.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DFGFX vs. DFGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFGFX DFA Two Year Global Fixed Income Portfolio | 2.15% | 2.89% | 5.36% | 4.95% | -2.62% | -0.37% | 0.88% | 2.87% | 1.91% | 0.93% |
DFGBX DFA Five Year Global Fixed Income Portfolio | 1.50% | 3.13% | 5.37% | 5.00% | -6.63% | -1.03% | 1.52% | 4.04% | 1.68% | 0.88% |
Correlation
The correlation between DFGFX and DFGBX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | 0.50 |
The correlation between DFGFX and DFGBX shifts across timeframes, from 0.12 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFGFX vs. DFGBX — Risk / Return Rank
DFGFX
DFGBX
DFGFX vs. DFGBX - 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 Five Year Global Fixed Income Portfolio (DFGBX). 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.
| DFGFX | DFGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.38 | ||
| Sortino ratioReturn per unit of downside risk | +9.42 | ||
| Omega ratioGain probability vs. loss probability | 5.16 | 1.53 | +3.63 |
| Calmar ratioReturn relative to maximum drawdown | 19.38 | 2.37 | +17.01 |
| Martin ratioReturn relative to average drawdown | 133.79 | 8.15 | +125.64 |
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Drawdowns
DFGFX vs. DFGBX - Drawdown Comparison
The maximum DFGFX drawdown since its inception was -4.00%, smaller than the maximum DFGBX drawdown of -9.63%. Use the drawdown chart below to compare losses from any high point for DFGFX and DFGBX.
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Drawdown Indicators
| DFGFX | DFGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.00% | -9.63% | +5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.38% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.12% | -1.67% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -4.00% | -9.54% | +5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -4.00% | -9.63% | +5.63% |
Current DrawdownCurrent decline from peak | 0.00% | -0.30% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -0.93% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.40% | -0.37% |
Volatility
DFGFX vs. DFGBX - Volatility Comparison
The current volatility for DFA Two Year Global Fixed Income Portfolio (DFGFX) is 0.29%, while DFA Five Year Global Fixed Income Portfolio (DFGBX) has a volatility of 0.51%. This indicates that DFGFX experiences smaller price fluctuations and is considered to be less risky than DFGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFGFX | DFGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.51% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 1.41% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.73% | 1.55% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.82% | 2.18% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.35% | 1.92% | -0.57% |
DFGFX vs. DFGBX - Expense Ratio Comparison
DFGFX has a 0.16% expense ratio, which is lower than DFGBX's 0.23% 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
DFGFX vs. DFGBX - Dividend Comparison
DFGFX's dividend yield for the trailing twelve months is around 4.16%, less than DFGBX's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFGBX DFA Five Year Global Fixed Income Portfolio | 4.61% | 2.91% | 4.69% | 3.61% | 1.63% | 0.73% | 0.03% | 2.30% | 4.74% | 0.89% | 1.16% | 1.72% |
DFGFX DFA Two Year Global Fixed Income Portfolio | 4.16% | 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
DFGFX and DFGBX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFGBX has higher volatility (0.51%) compared to DFGFX (0.29%). In terms of maximum drawdown, DFGFX dropped -4.00% vs DFGBX's -9.63%.
DFGFX currently has the higher Sharpe Ratio (5.49 vs 2.11), 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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