DFGP vs. DFSB

Last updated Jun 4, 2026

DFGP (Dimensional Global Core Plus Fixed Income ETF) and DFSB (Dimensional Global Sustainability Fixed Income ETF) are both Global Bonds funds from Dimensional. Both are actively managed. Over the past year, DFGP returned 5.12% vs 4.36% for DFSB. Their correlation of 0.92 suggests significant overlap in exposure. DFGP charges 0.22%/yr vs 0.24%/yr for DFSB.

Performance

DFGP vs. DFSB - Performance Comparison

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

Returns By Period

In the year-to-date period, DFGP achieves a 1.11% return, which is significantly higher than DFSB's 0.84% return.

DFGP

• 1D: -0.23%
• 1M: 0.77%
• YTD: 1.11%
• 6M: 0.81%
• 1Y: 5.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFSB

• 1D: -0.28%
• 1M: 0.75%
• YTD: 0.84%
• 6M: 0.49%
• 1Y: 4.36%
• 3Y*: 4.79%
• 5Y*: —
• 10Y*: —

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

DFGP vs. DFSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFGP Dimensional Global Core Plus Fixed Income ETF	1.11%	5.89%	3.71%	6.24%
DFSB Dimensional Global Sustainability Fixed Income ETF	0.84%	5.22%	2.45%	6.35%

Correlation

The correlation between DFGP and DFSB is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.92

The correlation between DFGP and DFSB has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

DFGP vs. DFSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFGP

DFGP Risk / Return Rank: 35
DFGP Sharpe Ratio Rank: 36
DFGP Sortino Ratio Rank: 35
DFGP Omega Ratio Rank: 34
DFGP Calmar Ratio Rank: 32
DFGP Martin Ratio Rank: 35

DFSB

DFSB Risk / Return Rank: 31
DFSB Sharpe Ratio Rank: 31
DFSB Sortino Ratio Rank: 31
DFSB Omega Ratio Rank: 30
DFSB Calmar Ratio Rank: 30
DFSB Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFGP vs. DFSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Core Plus Fixed Income ETF (DFGP) and Dimensional Global Sustainability Fixed Income ETF (DFSB). 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	DFSB	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.14	+0.16
Sortino ratio: Return per unit of downside risk	1.87	1.66	+0.21
Omega ratio: Gain probability vs. loss probability	1.23	1.20	+0.03
Calmar ratio: Return relative to maximum drawdown	1.59	1.44	+0.15
Martin ratio: Return relative to average drawdown	5.41	4.49	+0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFGP vs. DFSB - Sharpe Ratio Comparison

The current DFGP Sharpe Ratio is 1.30, which is comparable to the DFSB Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of DFGP and DFSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFGP	DFSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.14	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.88	+0.56

Drawdowns

DFGP vs. DFSB - Drawdown Comparison

The maximum DFGP drawdown since its inception was -3.24%, smaller than the maximum DFSB drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for DFGP and DFSB.

Drawdown Indicators

	DFGP	DFSB	Difference
Max Drawdown Largest peak-to-trough decline	-3.24%	-5.16%	+1.92%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-3.04%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.37%	—
Current Drawdown Current decline from peak	-0.94%	-1.12%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.78%	-1.26%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.97%	-0.02%

Volatility

DFGP vs. DFSB - Volatility Comparison

Dimensional Global Core Plus Fixed Income ETF (DFGP) and Dimensional Global Sustainability Fixed Income ETF (DFSB) have volatilities of 1.65% and 1.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFGP	DFSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.65%	1.62%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.25%	3.10%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	3.85%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.66%	5.46%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.66%	5.46%	-0.80%

DFGP vs. DFSB - Expense Ratio Comparison

DFGP has a 0.22% expense ratio, which is lower than DFSB's 0.24% 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

DFGP vs. DFSB - Dividend Comparison

DFGP's dividend yield for the trailing twelve months is around 3.64%, which matches DFSB's 3.61% yield.

Position	TTM	2025	2024	2023	2022
DFGP Dimensional Global Core Plus Fixed Income ETF	3.64%	3.45%	4.51%	0.62%	0.00%
DFSB Dimensional Global Sustainability Fixed Income ETF	3.61%	3.46%	4.35%	5.27%	0.41%

Frequently Asked Questions

Can I hold both DFGP and DFSB in my portfolio?

With a correlation of 0.94, DFGP and DFSB 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 DFSB?

DFGP has higher volatility (1.65%) compared to DFSB (1.62%). In terms of maximum drawdown, DFGP dropped -3.24% vs DFSB's -5.16%.

Which ETF is better, DFGP or DFSB?

On 1-year performance, DFGP leads with 5.12% vs 4.36% for DFSB. On fees, DFGP is cheaper at 0.22% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFGP or DFSB?

Over the 1-year period, DFGP has performed better with a 5.12% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFGP or DFSB?

DFGP is cheaper with a 0.22% expense ratio, compared with 0.24% for DFSB.

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

DFGP has the higher dividend yield at 3.64%, compared with 3.61% for DFSB.

What is the main difference between DFGP and DFSB?

Their fees differ too: 0.22% for DFGP and 0.24% for DFSB.

Which has better risk-adjusted returns?

DFGP currently has the higher Sharpe Ratio (1.30 vs 1.14), 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.