DFGFX vs. PAIIX
Compare and contrast key facts about DFA Two Year Global Fixed Income Portfolio (DFGFX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX).
DFGFX is managed by Dimensional. It was launched on Feb 8, 1996. PAIIX is managed by PIMCO. It was launched on Oct 1, 1995.
Performance
DFGFX vs. PAIIX - Performance Comparison
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DFGFX vs. PAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFGFX DFA Two Year Global Fixed Income Portfolio | 0.77% | 2.89% | 5.36% | 4.95% | -2.62% | -0.37% | 0.88% | 2.87% | 1.91% | 0.93% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -2.94% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 6.95% | 6.40% | -0.80% | 3.97% |
Returns By Period
In the year-to-date period, DFGFX achieves a 0.77% return, which is significantly higher than PAIIX's -2.94% return. Over the past 10 years, DFGFX has underperformed PAIIX with an annualized return of 1.75%, while PAIIX has yielded a comparatively higher 2.78% annualized return.
DFGFX
- 1D
- 0.05%
- 1M
- 0.05%
- YTD
- 0.77%
- 6M
- 1.79%
- 1Y
- 2.53%
- 3Y*
- 4.23%
- 5Y*
- 2.13%
- 10Y*
- 1.75%
PAIIX
- 1D
- 0.42%
- 1M
- -3.85%
- YTD
- -2.94%
- 6M
- -1.59%
- 1Y
- 2.48%
- 3Y*
- 4.59%
- 5Y*
- 1.73%
- 10Y*
- 2.78%
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DFGFX vs. PAIIX - Expense Ratio Comparison
DFGFX has a 0.16% expense ratio, which is lower than PAIIX's 0.90% expense ratio.
Return for Risk
DFGFX vs. PAIIX — Risk / Return Rank
DFGFX
PAIIX
DFGFX vs. PAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Two Year Global Fixed Income Portfolio (DFGFX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX). 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 | PAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 0.75 | +0.95 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.03 | +0.82 |
Omega ratioGain probability vs. loss probability | 2.61 | 1.14 | +1.46 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 0.74 | +1.13 |
Martin ratioReturn relative to average drawdown | 5.76 | 3.24 | +2.53 |
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 | PAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.75 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.54 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.29 | 0.96 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.27 | 1.09 | +1.19 |
Correlation
The correlation between DFGFX and PAIIX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DFGFX vs. PAIIX - Dividend Comparison
DFGFX's dividend yield for the trailing twelve months is around 3.12%, less than PAIIX's 4.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFGFX DFA Two Year Global Fixed Income Portfolio | 3.12% | 2.67% | 4.77% | 3.19% | 1.17% | 0.23% | 0.57% | 2.24% | 2.21% | 1.54% | 0.65% | 0.02% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.35% | 4.44% | 3.72% | 2.05% | 7.25% | 2.59% | 1.90% | 3.75% | 1.78% | 2.73% | 2.23% | 5.44% |
Drawdowns
DFGFX vs. PAIIX - Drawdown Comparison
The maximum DFGFX drawdown since its inception was -4.00%, smaller than the maximum PAIIX drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for DFGFX and PAIIX.
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Drawdown Indicators
| DFGFX | PAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.00% | -13.59% | +9.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.41% | -4.25% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -4.00% | -9.91% | +5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -4.00% | -10.44% | +6.44% |
Current DrawdownCurrent decline from peak | 0.00% | -3.85% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -1.99% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.97% | -0.51% |
Volatility
DFGFX vs. PAIIX - Volatility Comparison
The current volatility for DFA Two Year Global Fixed Income Portfolio (DFGFX) is 0.22%, while PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) has a volatility of 2.23%. This indicates that DFGFX experiences smaller price fluctuations and is considered to be less risky than PAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFGFX | PAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 2.23% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.44% | 2.86% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.56% | 3.94% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.81% | 3.25% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.36% | 2.92% | -1.56% |