DFGFX vs. DFLVX
DFGFX (DFA Two Year Global Fixed Income Portfolio) and DFLVX (DFA U.S. Large Cap Value Portfolio) are both mutual funds - DFGFX is a Global Bonds fund managed by Dimensional, while DFLVX is a Large Cap Value Equities fund managed by Dimensional. Over the past 10 years, DFGFX returned 1.81%/yr vs 11.94%/yr for DFLVX. At a correlation of -0.08, they often move in opposite directions. DFGFX charges 0.16%/yr vs 0.22%/yr for DFLVX.
Performance
DFGFX vs. DFLVX - Performance Comparison
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Returns By Period
In the year-to-date period, DFGFX achieves a 1.60% return, which is significantly lower than DFLVX's 16.01% return. Over the past 10 years, DFGFX has underperformed DFLVX with an annualized return of 1.81%, while DFLVX has yielded a comparatively higher 11.94% 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%
DFLVX
- 1D
- 1.10%
- 1M
- 5.70%
- YTD
- 16.01%
- 6M
- 17.69%
- 1Y
- 33.76%
- 3Y*
- 19.38%
- 5Y*
- 11.03%
- 10Y*
- 11.94%
DFGFX vs. DFLVX - 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% |
DFLVX DFA U.S. Large Cap Value Portfolio | 16.01% | 16.36% | 12.76% | 11.52% | -5.81% | 30.40% | -0.58% | 25.46% | -11.68% | 18.50% |
Correlation
The correlation between DFGFX and DFLVX is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996 | -0.08 |
The correlation between DFGFX and DFLVX shifts across timeframes, from -0.08 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DFGFX vs. DFLVX — Risk / Return Rank
DFGFX
DFLVX
DFGFX vs. DFLVX - 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. Large Cap Value Portfolio (DFLVX). 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 | DFLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 2.36 | 1.56 | +0.79 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 6.02 | -4.13 |
| Martin ratioReturn relative to average drawdown | 5.81 | 22.08 | -16.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFGFX | DFLVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 3.20 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.70 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.34 | 0.65 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.29 | 0.53 | +1.76 |
Drawdowns
DFGFX vs. DFLVX - Drawdown Comparison
The maximum DFGFX drawdown since its inception was -4.00%, smaller than the maximum DFLVX drawdown of -65.65%. Use the drawdown chart below to compare losses from any high point for DFGFX and DFLVX.
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Drawdown Indicators
| DFGFX | DFLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.00% | -65.65% | +61.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.41% | -5.86% | +4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -2.12% | -16.64% | +14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -4.00% | -19.83% | +15.83% |
Max Drawdown (10Y)Largest decline over 10 years | -4.00% | -41.79% | +37.79% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -8.48% | +8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 1.59% | -1.13% |
Volatility
DFGFX vs. DFLVX - Volatility Comparison
The current volatility for DFA Two Year Global Fixed Income Portfolio (DFGFX) is 0.28%, while DFA U.S. Large Cap Value Portfolio (DFLVX) has a volatility of 2.86%. This indicates that DFGFX experiences smaller price fluctuations and is considered to be less risky than DFLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFGFX | DFLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 2.86% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 8.21% | -7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 11.02% | -9.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.81% | 15.88% | -14.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.36% | 18.38% | -17.02% |
DFGFX vs. DFLVX - Expense Ratio Comparison
DFGFX has a 0.16% expense ratio, which is lower than DFLVX'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
DFGFX vs. DFLVX - Dividend Comparison
DFGFX's dividend yield for the trailing twelve months is around 3.10%, more than DFLVX's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DFLVX DFA U.S. Large Cap Value Portfolio | 1.45% | 1.71% | 1.87% | 3.65% | 4.56% | 5.90% | 1.97% | 4.04% | 7.83% | 6.06% | 3.77% | 6.52% |
Frequently Asked Questions
DFGFX and DFLVX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFLVX has higher volatility (2.86%) compared to DFGFX (0.28%). In terms of maximum drawdown, DFGFX dropped -4.00% vs DFLVX's -65.65%.
DFLVX currently has the higher Sharpe Ratio (3.20 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.
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