DFGP vs. PIMIX

Last updated Jun 4, 2026

DFGP (Dimensional Global Core Plus Fixed Income ETF) and PIMIX (PIMCO Income Fund Institutional Class) are both funds - DFGP is a Global Bonds fund actively managed by Dimensional, while PIMIX is a Total Bond Market fund managed by PIMCO. Over the past year, DFGP returned 5.12% vs 8.39% for PIMIX. A 0.80 correlation means they provide meaningful diversification when combined. DFGP charges 0.22%/yr vs 0.62%/yr for PIMIX.

Performance

DFGP vs. PIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Global Core Plus Fixed Income ETF (DFGP) and PIMCO Income Fund Institutional Class (PIMIX). 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 PIMIX's 1.00% return.

DFGP

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

PIMIX

• 1D: 0.18%
• 1M: 0.91%
• YTD: 1.00%
• 6M: 1.41%
• 1Y: 8.39%
• 3Y*: 7.87%
• 5Y*: 3.53%
• 10Y*: 4.71%

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

DFGP vs. PIMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFGP Dimensional Global Core Plus Fixed Income ETF	1.11%	5.89%	3.71%	6.24%
PIMIX PIMCO Income Fund Institutional Class	1.00%	11.08%	5.45%	5.11%

Correlation

The correlation between DFGP and PIMIX is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.80

The correlation between DFGP and PIMIX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

Return for Risk

DFGP vs. PIMIX — 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

PIMIX

PIMIX Risk / Return Rank: 45
PIMIX Sharpe Ratio Rank: 48
PIMIX Sortino Ratio Rank: 53
PIMIX Omega Ratio Rank: 52
PIMIX Calmar Ratio Rank: 37
PIMIX Martin Ratio Rank: 36

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. PIMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Core Plus Fixed Income ETF (DFGP) and PIMCO Income Fund Institutional Class (PIMIX). 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	PIMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	2.04	-0.74
Sortino ratio: Return per unit of downside risk	1.87	3.07	-1.19
Omega ratio: Gain probability vs. loss probability	1.23	1.40	-0.16
Calmar ratio: Return relative to maximum drawdown	1.59	2.29	-0.70
Martin ratio: Return relative to average drawdown	5.41	7.97	-2.56
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. PIMIX - Sharpe Ratio Comparison

The current DFGP Sharpe Ratio is 1.30, which is lower than the PIMIX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of DFGP and PIMIX, 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	PIMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	2.04	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.57	-0.13

Drawdowns

DFGP vs. PIMIX - Drawdown Comparison

The maximum DFGP drawdown since its inception was -3.24%, smaller than the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for DFGP and PIMIX.

Drawdown Indicators

	DFGP	PIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.24%	-13.39%	+10.15%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-3.69%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-13.39%	—
Current Drawdown Current decline from peak	-0.94%	-0.93%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.78%	-1.69%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	1.06%	-0.11%

Volatility

DFGP vs. PIMIX - Volatility Comparison

Dimensional Global Core Plus Fixed Income ETF (DFGP) and PIMCO Income Fund Institutional Class (PIMIX) have volatilities of 1.65% and 1.68%, 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	PIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.65%	1.68%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.25%	3.29%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	4.15%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.66%	4.84%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.66%	4.25%	+0.41%

DFGP vs. PIMIX - Expense Ratio Comparison

DFGP has a 0.22% expense ratio, which is lower than PIMIX's 0.62% expense ratio.

Dividends

DFGP vs. PIMIX - Dividend Comparison

DFGP's dividend yield for the trailing twelve months is around 3.64%, less than PIMIX's 5.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PIMIX PIMCO Income Fund Institutional Class	5.83%	6.01%	6.27%	6.21%	4.98%	4.02%	4.88%	5.83%	5.66%	5.37%	5.52%	7.88%

Frequently Asked Questions

Can I hold both DFGP and PIMIX in my portfolio?

DFGP and PIMIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFGP or PIMIX?

PIMIX has higher volatility (1.68%) compared to DFGP (1.65%). In terms of maximum drawdown, DFGP dropped -3.24% vs PIMIX's -13.39%.

Which has better risk-adjusted returns?

PIMIX currently has the higher Sharpe Ratio (2.04 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.