DFIP vs. DFGX

Last updated Jun 23, 2026

DFIP (Dimensional Inflation-Protected Securities ETF) and DFGX (Dimensional Global Ex US Core Fixed Income ETF) are both exchange-traded funds - DFIP is a Inflation-Protected Bonds fund actively managed by Dimensional, while DFGX is a Global Bonds fund actively managed by Dimensional. Both are actively managed. Over the past year, DFIP returned 3.57% vs 3.29% for DFGX. A 0.67 correlation means they provide meaningful diversification when combined. DFIP charges 0.11%/yr vs 0.20%/yr for DFGX.

Performance

DFIP vs. DFGX - Performance Comparison

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

Returns By Period

In the year-to-date period, DFIP achieves a 0.72% return, which is significantly lower than DFGX's 1.48% return.

DFIP

• 1D: -0.44%
• 1M: -0.20%
• YTD: 0.72%
• 6M: 0.83%
• 1Y: 3.57%
• 3Y*: 3.87%
• 5Y*: —
• 10Y*: —

DFGX

• 1D: -0.15%
• 1M: 1.06%
• YTD: 1.48%
• 6M: 1.73%
• 1Y: 3.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFIP vs. DFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFIP Dimensional Inflation-Protected Securities ETF	0.72%	7.54%	1.72%	3.62%
DFGX Dimensional Global Ex US Core Fixed Income ETF	1.48%	3.46%	3.75%	4.95%

Correlation

The correlation between DFIP and DFGX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023	0.67

The correlation between DFIP and DFGX has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.

Return for Risk

DFIP vs. DFGX — Risk / Return Rank

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

DFIP

DFIP Risk / Return Rank: 31
DFIP Sharpe Ratio Rank: 29
DFIP Sortino Ratio Rank: 29
DFIP Omega Ratio Rank: 27
DFIP Calmar Ratio Rank: 36
DFIP Martin Ratio Rank: 35

DFGX

DFGX Risk / Return Rank: 22
DFGX Sharpe Ratio Rank: 23
DFGX Sortino Ratio Rank: 22
DFGX Omega Ratio Rank: 21
DFGX Calmar Ratio Rank: 22
DFGX Martin Ratio Rank: 23

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.

DFIP vs. DFGX - Risk-Adjusted Trends Comparison

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

	DFIP	DFGX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	0.80	+0.22
Sortino ratio: Return per unit of downside risk	1.54	1.18	+0.36
Omega ratio: Gain probability vs. loss probability	1.18	1.14	+0.04
Calmar ratio: Return relative to maximum drawdown	1.74	0.99	+0.75
Martin ratio: Return relative to average drawdown	5.15	2.84	+2.31

DFIP vs. DFGX - Sharpe Ratio Comparison

The current DFIP Sharpe Ratio is 1.03, which is comparable to the DFGX Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of DFIP and DFGX, 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

DFIP vs. DFGX - Drawdown Comparison

The maximum DFIP drawdown since its inception was -14.96%, which is greater than DFGX's maximum drawdown of -3.32%. Use the drawdown chart below to compare losses from any high point for DFIP and DFGX.

Drawdown Indicators

	DFIP	DFGX	Difference
Max Drawdown Largest peak-to-trough decline	-14.96%	-3.32%	-11.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	-3.32%	+1.26%
Max Drawdown (3Y) Largest decline over 3 years	-4.82%	—	—
Current Drawdown Current decline from peak	-1.22%	-0.68%	-0.54%
Average Drawdown Average peak-to-trough decline	-6.88%	-0.78%	-6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	1.16%	-0.47%

Volatility

DFIP vs. DFGX - Volatility Comparison

Dimensional Inflation-Protected Securities ETF (DFIP) has a higher volatility of 1.31% compared to Dimensional Global Ex US Core Fixed Income ETF (DFGX) at 1.12%. This indicates that DFIP's price experiences larger fluctuations and is considered to be riskier than DFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFIP	DFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.12%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	3.46%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	4.11%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.79%	4.65%	+2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.79%	4.65%	+2.14%

DFIP vs. DFGX - Expense Ratio Comparison

DFIP has a 0.11% expense ratio, which is lower than DFGX's 0.20% 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

DFIP vs. DFGX - Dividend Comparison

DFIP's dividend yield for the trailing twelve months is around 3.91%, more than DFGX's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021
DFGX Dimensional Global Ex US Core Fixed Income ETF	2.73%	2.84%	4.61%	0.49%	0.00%	0.00%
DFIP Dimensional Inflation-Protected Securities ETF	3.91%	4.70%	3.69%	3.68%	5.97%	0.56%

Frequently Asked Questions

Can I hold both DFIP and DFGX in my portfolio?

DFIP and DFGX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFIP or DFGX?

DFIP has higher volatility (1.31%) compared to DFGX (1.12%). In terms of maximum drawdown, DFIP dropped -14.96% vs DFGX's -3.32%.

Which ETF is better, DFIP or DFGX?

On 1-year performance, DFIP leads with 3.57% vs 3.29% for DFGX. On fees, DFIP is cheaper at 0.11% per year. On volatility, DFGX has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFIP or DFGX?

Over the 1-year period, DFIP has performed better with a 3.57% return vs 3.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFIP or DFGX?

DFIP is cheaper with a 0.11% expense ratio, compared with 0.20% for DFGX.

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

DFIP has the higher dividend yield at 3.91%, compared with 2.73% for DFGX.

What is the main difference between DFIP and DFGX?

DFIP is categorized as Inflation-Protected Bonds, while DFGX is Global Bonds. Their fees differ too: 0.11% for DFIP and 0.20% for DFGX.

Which has better risk-adjusted returns?

DFIP currently has the higher Sharpe Ratio (1.03 vs 0.80), 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.