DFGP vs. BND
DFGP (Dimensional Global Core Plus Fixed Income ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - DFGP is a Global Bonds fund actively managed by Dimensional, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. DFGP is actively managed, while BND is passively managed. Over the past year, DFGP returned 5.12% vs 5.11% for BND. Their correlation of 0.91 suggests significant overlap in exposure. DFGP charges 0.22%/yr vs 0.03%/yr for BND.
Performance
DFGP vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, DFGP achieves a 1.11% return, which is significantly higher than BND's 0.27% return.
DFGP
- 1D
- -0.23%
- 1M
- 0.77%
- YTD
- 1.11%
- 6M
- 0.81%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.27%
- 6M
- 0.12%
- 1Y
- 5.11%
- 3Y*
- 3.96%
- 5Y*
- 0.09%
- 10Y*
- 1.58%
DFGP vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFGP Dimensional Global Core Plus Fixed Income ETF | 1.11% | 5.89% | 3.71% | 6.24% |
BND Vanguard Total Bond Market ETF | 0.27% | 7.08% | 1.38% | 5.56% |
Correlation
The correlation between DFGP and BND is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023 | 0.91 |
The correlation between DFGP and BND has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
DFGP vs. BND — Risk / Return Rank
DFGP
BND
DFGP vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Core Plus Fixed Income ETF (DFGP) and Vanguard Total Bond Market ETF (BND). 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.
| DFGP | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.92 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.41 | 5.80 | -0.39 |
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
| DFGP | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.36 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.59 | +0.85 |
Drawdowns
DFGP vs. BND - Drawdown Comparison
The maximum DFGP drawdown since its inception was -3.24%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for DFGP and BND.
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Drawdown Indicators
| DFGP | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.24% | -18.58% | +15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -2.68% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -0.94% | -2.37% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -3.06% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.88% | +0.07% |
Volatility
DFGP vs. BND - Volatility Comparison
Dimensional Global Core Plus Fixed Income ETF (DFGP) has a higher volatility of 1.65% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that DFGP's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFGP | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.23% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 2.66% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 3.78% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 6.02% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 5.53% | -0.87% |
DFGP vs. BND - Expense Ratio Comparison
DFGP has a 0.22% expense ratio, which is higher than BND's 0.03% 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. BND - Dividend Comparison
DFGP's dividend yield for the trailing twelve months is around 3.64%, less than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
DFGP Dimensional Global Core Plus Fixed Income ETF | 3.64% | 3.45% | 4.51% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, DFGP and BND 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.
DFGP has higher volatility (1.65%) compared to BND (1.23%). In terms of maximum drawdown, DFGP dropped -3.24% vs BND's -18.58%.
On 1-year performance, DFGP leads with 5.12% vs 5.11% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DFGP has performed better with a 5.12% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.22% for DFGP.
BND has the higher dividend yield at 3.97%, compared with 3.64% for DFGP.
DFGP is categorized as Global Bonds, while BND is Total Bond Market. They also come from different issuers: Dimensional and Vanguard. Their fees differ too: 0.22% for DFGP and 0.03% for BND.
BND currently has the higher Sharpe Ratio (1.36 vs 1.30), 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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