DFGX vs. DGCB

Last updated Aug 4, 2026

DFGX (Dimensional Global Ex US Core Fixed Income ETF) and DGCB (Dimensional Global Credit ETF) are both Global Bonds funds from Dimensional. Both are actively managed. Over the past year, DFGX returned 1.91% vs 2.97% for DGCB. Their correlation of 0.81 means they have usually moved in the same direction. Both charge a 0.20% expense ratio.

Performance

DFGX vs. DGCB - Performance Comparison

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

Returns By Period

In the year-to-date period, DFGX achieves a 0.87% return, which is significantly higher than DGCB's 0.82% return.

DFGX

• 1D: 0.38%
• 1M: -0.67%
• 6M: 0.17%
• YTD: 0.87%
• 1Y: 1.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.79%

DGCB

• 1D: 0.24%
• 1M: -1.07%
• 6M: 0.10%
• YTD: 0.82%
• 1Y: 2.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.41%

*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)
DFGX Dimensional Global Ex US Core Fixed Income ETF	$7.93M	$8.08M	$8.45M
DGCB Dimensional Global Credit ETF	$6.84M	$6.52M	$6.82M

DFGX vs. DGCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFGX Dimensional Global Ex US Core Fixed Income ETF	0.87%	3.46%	3.75%	4.95%
DGCB Dimensional Global Credit ETF	0.82%	6.68%	3.80%	6.14%

Correlation

The correlation between DFGX and DGCB is 0.87, 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.	0.87
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023	0.81

The correlation between DFGX and DGCB has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

Return for Risk

DFGX vs. DGCB — Risk / Return Rank

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

DFGX

DFGX Risk / Return Rank: 21
DFGX Sharpe Ratio Rank: 22
DFGX Sortino Ratio Rank: 20
DFGX Omega Ratio Rank: 19
DFGX Calmar Ratio Rank: 21
DFGX Martin Ratio Rank: 22

DGCB

DGCB Risk / Return Rank: 30
DGCB Sharpe Ratio Rank: 30
DGCB Sortino Ratio Rank: 28
DGCB Omega Ratio Rank: 27
DGCB Calmar Ratio Rank: 29
DGCB Martin Ratio Rank: 33

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.

DFGX vs. DGCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Ex US Core Fixed Income ETF (DFGX) and Dimensional Global Credit ETF (DGCB). 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.

	DFGX	DGCB	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.75	-0.29
Sortino ratio: Return per unit of downside risk	0.69	1.09	-0.40
Omega ratio: Gain probability vs. loss probability	1.08	1.13	-0.05
Calmar ratio: Return relative to maximum drawdown	0.58	0.97	-0.39
Martin ratio: Return relative to average drawdown	1.57	3.13	-1.56

DFGX vs. DGCB - Sharpe Ratio Comparison

The current DFGX Sharpe Ratio is 0.46, which is lower than the DGCB Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of DFGX and DGCB, 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

DFGX vs. DGCB - Drawdown Comparison

The maximum DFGX drawdown since its inception was -3.32%, smaller than the maximum DGCB drawdown of -3.50%. Use the drawdown chart below to compare losses from any high point for DFGX and DGCB.

Drawdown Indicators

	DFGX	DGCB	Difference
Max Drawdown Largest peak-to-trough decline	-3.32%	-3.50%	+0.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-3.08%	-0.24%
Current Drawdown Current decline from peak	-1.27%	-1.39%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.80%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	0.95%	+0.27%

Volatility

DFGX vs. DGCB - Volatility Comparison

Dimensional Global Ex US Core Fixed Income ETF (DFGX) and Dimensional Global Credit ETF (DGCB) have volatilities of 1.12% and 1.09%, 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

	DFGX	DGCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	1.09%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.54%	3.42%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	4.15%	3.99%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.61%	4.77%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.61%	4.77%	-0.16%

DFGX vs. DGCB - Expense Ratio Comparison

Both DFGX and DGCB have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

DFGX vs. DGCB - Dividend Comparison

DFGX's dividend yield for the trailing twelve months is around 4.12%, less than DGCB's 5.35% yield.

Position	TTM	2025	2024	2023
DFGX Dimensional Global Ex US Core Fixed Income ETF	4.12%	2.84%	4.61%	0.49%
DGCB Dimensional Global Credit ETF	5.35%	3.43%	4.72%	0.63%

Frequently Asked Questions

Can I hold both DFGX and DGCB in my portfolio?

DFGX and DGCB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFGX or DGCB?

DFGX has higher volatility (1.12%) compared to DGCB (1.09%). In terms of maximum drawdown, DFGX dropped -3.32% vs DGCB's -3.50%.

Which ETF is better, DFGX or DGCB?

On 1-year performance, DGCB leads with 2.97% vs 1.91% for DFGX. Both ETFs have the same 0.20% expense ratio. 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, DFGX or DGCB?

Over the 1-year period, DGCB has performed better with a 2.97% return vs 1.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFGX or DGCB?

DFGX and DGCB have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, DFGX or DGCB?

DGCB has the higher dividend yield at 5.35%, compared with 4.12% for DFGX.

Which has better risk-adjusted returns?

DGCB currently has the higher Sharpe Ratio (0.75 vs 0.46), 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.