DFGX vs. GRNB
Compare and contrast key facts about Dimensional Global Ex US Core Fixed Income ETF (DFGX) and VanEck Green Bond ETF (GRNB).
DFGX and GRNB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFGX is an actively managed fund by Dimensional. It was launched on Nov 7, 2023. GRNB is a passively managed fund by VanEck that tracks the performance of the S&P Green Bond U.S. Dollar Select Index. It was launched on Mar 3, 2017.
Performance
DFGX vs. GRNB - Performance Comparison
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DFGX vs. GRNB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFGX Dimensional Global Ex US Core Fixed Income ETF | -0.35% | 3.46% | 3.75% | 4.95% |
GRNB VanEck Green Bond ETF | -0.87% | 7.09% | 3.31% | 5.30% |
Returns By Period
In the year-to-date period, DFGX achieves a -0.35% return, which is significantly higher than GRNB's -0.87% return.
DFGX
- 1D
- 0.61%
- 1M
- -2.47%
- YTD
- -0.35%
- 6M
- -0.10%
- 1Y
- 3.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNB
- 1D
- 0.37%
- 1M
- -1.85%
- YTD
- -0.87%
- 6M
- 0.15%
- 1Y
- 3.89%
- 3Y*
- 4.56%
- 5Y*
- 0.71%
- 10Y*
- —
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DFGX vs. GRNB - Expense Ratio Comparison
Both DFGX and GRNB 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%.
Return for Risk
DFGX vs. GRNB — Risk / Return Rank
DFGX
GRNB
DFGX vs. GRNB - 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 VanEck Green Bond ETF (GRNB). 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.
| DFGX | GRNB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 1.11 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.00 | 1.59 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.64 | -0.71 |
Martin ratioReturn relative to average drawdown | 3.61 | 6.81 | -3.20 |
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
| DFGX | GRNB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.11 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.44 | +0.65 |
Correlation
The correlation between DFGX and GRNB is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DFGX vs. GRNB - Dividend Comparison
DFGX's dividend yield for the trailing twelve months is around 2.78%, less than GRNB's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFGX Dimensional Global Ex US Core Fixed Income ETF | 2.78% | 2.84% | 4.61% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRNB VanEck Green Bond ETF | 3.92% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% |
Drawdowns
DFGX vs. GRNB - Drawdown Comparison
The maximum DFGX drawdown since its inception was -3.32%, smaller than the maximum GRNB drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for DFGX and GRNB.
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Drawdown Indicators
| DFGX | GRNB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.32% | -18.08% | +14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -2.51% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.94% | — |
Current DrawdownCurrent decline from peak | -2.47% | -1.85% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -4.65% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.60% | +0.25% |
Volatility
DFGX vs. GRNB - Volatility Comparison
Dimensional Global Ex US Core Fixed Income ETF (DFGX) has a higher volatility of 1.99% compared to VanEck Green Bond ETF (GRNB) at 1.69%. This indicates that DFGX's price experiences larger fluctuations and is considered to be riskier than GRNB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFGX | GRNB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.69% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.21% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.45% | 3.51% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.59% | 4.92% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 4.91% | -0.32% |