DFGP vs. AVGB

Last updated Aug 2, 2026

DFGP (Dimensional Global Core Plus Fixed Income ETF) and AVGB (Avantis Credit ETF) are both Global Bonds funds. Both are actively managed. Over the past year, DFGP returned 2.54% vs 2.77% for AVGB. Their correlation of 0.89 means they have usually moved in the same direction. DFGP charges 0.22%/yr vs 0.19%/yr for AVGB.

Performance

DFGP vs. AVGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Global Core Plus Fixed Income ETF (DFGP) and Avantis Credit ETF (AVGB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DFGP having a 0.58% return and AVGB slightly lower at 0.56%.

DFGP

• 1D: -0.36%
• 1M: -1.11%
• 6M: -0.20%
• YTD: 0.58%
• 1Y: 2.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.04%

AVGB

• 1D: -0.16%
• 1M: -0.72%
• 6M: 0.11%
• YTD: 0.56%
• 1Y: 2.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVGB Avantis Credit ETF	$101.35K	$77.45K	$180.31K
DFGP Dimensional Global Core Plus Fixed Income ETF	$20.82M	$48.51M	$23.48M

DFGP vs. AVGB - Yearly Performance Comparison

	2026 (YTD)	2025
DFGP Dimensional Global Core Plus Fixed Income ETF	0.58%	5.13%
AVGB Avantis Credit ETF	0.56%	4.82%

Correlation

The correlation between DFGP and AVGB is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025	0.89

The correlation between DFGP and AVGB has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

DFGP vs. AVGB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFGP

DFGP Risk / Return Rank: 30
DFGP Sharpe Ratio Rank: 31
DFGP Sortino Ratio Rank: 29
DFGP Omega Ratio Rank: 28
DFGP Calmar Ratio Rank: 29
DFGP Martin Ratio Rank: 33

AVGB

AVGB Risk / Return Rank: 48
AVGB Sharpe Ratio Rank: 51
AVGB Sortino Ratio Rank: 52
AVGB Omega Ratio Rank: 49
AVGB Calmar Ratio Rank: 43
AVGB Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFGP vs. AVGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Core Plus Fixed Income ETF (DFGP) and Avantis Credit ETF (AVGB). 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.

	DFGP	AVGB	Difference
Sharpe ratio: Return per unit of total volatility	0.76	1.26	-0.49
Sortino ratio: Return per unit of downside risk	1.11	1.86	-0.75
Omega ratio: Gain probability vs. loss probability	1.14	1.22	-0.09
Calmar ratio: Return relative to maximum drawdown	0.96	1.51	-0.55
Martin ratio: Return relative to average drawdown	3.11	5.33	-2.22

DFGP vs. AVGB - Sharpe Ratio Comparison

The current DFGP Sharpe Ratio is 0.76, which is lower than the AVGB Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of DFGP and AVGB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFGP vs. AVGB - Drawdown Comparison

The maximum DFGP drawdown since its inception was -3.24%, which is greater than AVGB's maximum drawdown of -2.12%. Use the drawdown chart below to compare losses from any high point for DFGP and AVGB.

Drawdown Indicators

	DFGP	AVGB	Difference
Max Drawdown Largest peak-to-trough decline	-3.24%	-2.12%	-1.12%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-2.12%	-1.12%
Current Drawdown Current decline from peak	-1.53%	-0.81%	-0.72%
Average Drawdown Average peak-to-trough decline	-0.78%	-0.35%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.60%	+0.40%

Volatility

DFGP vs. AVGB - Volatility Comparison

Dimensional Global Core Plus Fixed Income ETF (DFGP) has a higher volatility of 1.18% compared to Avantis Credit ETF (AVGB) at 0.71%. This indicates that DFGP's price experiences larger fluctuations and is considered to be riskier than AVGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFGP	AVGB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	0.71%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	2.11%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	2.54%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	2.50%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.63%	2.50%	+2.13%

DFGP vs. AVGB - Expense Ratio Comparison

DFGP has a 0.22% expense ratio, which is higher than AVGB's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFGP vs. AVGB - Dividend Comparison

DFGP's dividend yield for the trailing twelve months is around 5.47%, more than AVGB's 3.25% yield.

Position	TTM	2025	2024	2023
AVGB Avantis Credit ETF	3.25%	3.49%	0.00%	0.00%
DFGP Dimensional Global Core Plus Fixed Income ETF	5.47%	3.45%	4.51%	0.62%

Frequently Asked Questions

Can I hold both DFGP and AVGB in my portfolio?

With a correlation of 0.90, DFGP and AVGB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFGP or AVGB?

DFGP has higher volatility (1.18%) compared to AVGB (0.71%). In terms of maximum drawdown, DFGP dropped -3.24% vs AVGB's -2.12%.

Which ETF is better, DFGP or AVGB?

On 1-year performance, AVGB leads with 2.77% vs 2.54% for DFGP. On fees, AVGB is cheaper at 0.19% per year. On volatility, AVGB has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFGP or AVGB?

Over the 1-year period, AVGB has performed better with a 2.77% return vs 2.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFGP or AVGB?

AVGB is cheaper with a 0.19% expense ratio, compared with 0.22% for DFGP.

Which ETF pays a higher dividend yield, DFGP or AVGB?

DFGP has the higher dividend yield at 5.47%, compared with 3.25% for AVGB.

What is the main difference between DFGP and AVGB?

They also come from different issuers: Dimensional and Avantis. Their fees differ too: 0.22% for DFGP and 0.19% for AVGB.

Which has better risk-adjusted returns?

AVGB currently has the higher Sharpe Ratio (1.26 vs 0.76), 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.