DFGP vs. GGOV
DFGP (Dimensional Global Core Plus Fixed Income ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both Global Bonds funds. A 0.57 correlation means they provide meaningful diversification when combined. DFGP charges 0.22%/yr vs 0.39%/yr for GGOV.
Performance
DFGP vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, DFGP achieves a 1.11% return, which is significantly lower than GGOV's 2.30% return.
DFGP
- 1D
- -0.23%
- 1M
- 0.77%
- YTD
- 1.11%
- 6M
- 0.81%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFGP vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFGP Dimensional Global Core Plus Fixed Income ETF | 1.11% | 2.66% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between DFGP and GGOV is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.57 |
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Return for Risk
DFGP vs. GGOV — Risk / Return Rank
DFGP
GGOV
DFGP vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Core Plus Fixed Income ETF (DFGP) and iShares Global Government Bond USD Hedged Active ETF (GGOV). 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 | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | — | — |
| Martin ratioReturn relative to average drawdown | 5.41 | — | — |
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 | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | -0.11 | +1.55 |
Drawdowns
DFGP vs. GGOV - Drawdown Comparison
The maximum DFGP drawdown since its inception was -3.24%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for DFGP and GGOV.
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Drawdown Indicators
| DFGP | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.24% | -4.69% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.50% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -1.59% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
DFGP vs. GGOV - Volatility Comparison
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Volatility by Period
| DFGP | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 5.38% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 5.38% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 5.38% | -0.72% |
DFGP vs. GGOV - Expense Ratio Comparison
DFGP has a 0.22% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
DFGP vs. GGOV - Dividend Comparison
DFGP's dividend yield for the trailing twelve months is around 3.64%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DFGP Dimensional Global Core Plus Fixed Income ETF | 3.64% | 3.45% | 4.51% | 0.62% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFGP and GGOV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFGP is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFGP is cheaper with a 0.22% expense ratio, compared with 0.39% for GGOV.
DFGP has the higher dividend yield at 3.64%, compared with 0.00% for GGOV.
They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.22% for DFGP and 0.39% for GGOV.
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