DFSB vs. AVGB

Last updated Jun 23, 2026

DFSB (Dimensional Global Sustainability Fixed Income ETF) and AVGB (Avantis Credit ETF) are both Global Bonds funds. Both are actively managed. Over the past year, DFSB returned 4.07% vs 4.36% for AVGB. Their correlation of 0.85 suggests significant overlap in exposure. DFSB charges 0.24%/yr vs 0.19%/yr for AVGB.

Performance

DFSB vs. AVGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Global Sustainability Fixed Income ETF (DFSB) and Avantis Credit ETF (AVGB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFSB achieves a 1.25% return, which is significantly higher than AVGB's 0.88% return.

DFSB

• 1D: -0.21%
• 1M: 0.89%
• YTD: 1.25%
• 6M: 1.48%
• 1Y: 4.07%
• 3Y*: 4.90%
• 5Y*: —
• 10Y*: —

AVGB

• 1D: -0.10%
• 1M: 0.55%
• YTD: 0.88%
• 6M: 1.15%
• 1Y: 4.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFSB vs. AVGB - Yearly Performance Comparison

	2026 (YTD)	2025
DFSB Dimensional Global Sustainability Fixed Income ETF	1.25%	4.21%
AVGB Avantis Credit ETF	0.88%	4.82%

Correlation

The correlation between DFSB and AVGB is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025	0.85

The correlation between DFSB and AVGB has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

DFSB vs. AVGB — Risk / Return Rank

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

DFSB

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

AVGB

AVGB Risk / Return Rank: 50
AVGB Sharpe Ratio Rank: 53
AVGB Sortino Ratio Rank: 56
AVGB Omega Ratio Rank: 54
AVGB Calmar Ratio Rank: 42
AVGB Martin Ratio Rank: 47

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.

DFSB vs. AVGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Sustainability Fixed Income ETF (DFSB) and Avantis Credit ETF (AVGB). 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.

	DFSB	AVGB	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.75	-0.70
Sortino ratio: Return per unit of downside risk	1.55	2.60	-1.05
Omega ratio: Gain probability vs. loss probability	1.18	1.33	-0.14
Calmar ratio: Return relative to maximum drawdown	1.34	2.06	-0.72
Martin ratio: Return relative to average drawdown	4.10	7.59	-3.49

DFSB vs. AVGB - Sharpe Ratio Comparison

The current DFSB Sharpe Ratio is 1.05, which is lower than the AVGB Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of DFSB and AVGB, 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

DFSB vs. AVGB - Drawdown Comparison

The maximum DFSB drawdown since its inception was -5.16%, which is greater than AVGB's maximum drawdown of -2.12%. Use the drawdown chart below to compare losses from any high point for DFSB and AVGB.

Drawdown Indicators

	DFSB	AVGB	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-2.12%	-3.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-2.12%	-0.92%
Max Drawdown (3Y) Largest decline over 3 years	-4.37%	—	—
Current Drawdown Current decline from peak	-0.72%	-0.32%	-0.40%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.34%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.57%	+0.42%

Volatility

DFSB vs. AVGB - Volatility Comparison

Dimensional Global Sustainability Fixed Income ETF (DFSB) has a higher volatility of 1.17% compared to Avantis Credit ETF (AVGB) at 0.80%. This indicates that DFSB's price experiences larger fluctuations and is considered to be riskier than AVGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFSB	AVGB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	0.80%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	3.22%	2.00%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	3.91%	2.51%	+1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.45%	2.51%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.45%	2.51%	+2.94%

DFSB vs. AVGB - Expense Ratio Comparison

DFSB has a 0.24% expense ratio, which is higher than AVGB's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFSB vs. AVGB - Dividend Comparison

DFSB's dividend yield for the trailing twelve months is around 3.60%, less than AVGB's 4.00% yield.

Position	TTM	2025	2024	2023	2022
AVGB Avantis Credit ETF	4.00%	3.49%	0.00%	0.00%	0.00%
DFSB Dimensional Global Sustainability Fixed Income ETF	3.60%	3.46%	4.35%	5.27%	0.41%

Frequently Asked Questions

Can I hold both DFSB and AVGB in my portfolio?

DFSB and AVGB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFSB or AVGB?

DFSB has higher volatility (1.17%) compared to AVGB (0.80%). In terms of maximum drawdown, DFSB dropped -5.16% vs AVGB's -2.12%.

Which ETF is better, DFSB or AVGB?

On 1-year performance, AVGB leads with 4.36% vs 4.07% for DFSB. On fees, AVGB is cheaper at 0.19% per year. On volatility, AVGB has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFSB or AVGB?

Over the 1-year period, AVGB has performed better with a 4.36% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFSB or AVGB?

AVGB is cheaper with a 0.19% expense ratio, compared with 0.24% for DFSB.

Which ETF pays a higher dividend yield, DFSB or AVGB?

AVGB has the higher dividend yield at 4.00%, compared with 3.60% for DFSB.

What is the main difference between DFSB and AVGB?

They also come from different issuers: Dimensional and Avantis. Their fees differ too: 0.24% for DFSB and 0.19% for AVGB.

Which has better risk-adjusted returns?

AVGB currently has the higher Sharpe Ratio (1.75 vs 1.05), 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.