DFSB vs. DFGP

Last updated Jun 4, 2026

DFSB (Dimensional Global Sustainability Fixed Income ETF) and DFGP (Dimensional Global Core Plus Fixed Income ETF) are both Global Bonds funds from Dimensional. Both are actively managed. Over the past year, DFSB returned 4.36% vs 5.12% for DFGP. Their correlation of 0.92 suggests significant overlap in exposure. DFSB charges 0.24%/yr vs 0.22%/yr for DFGP.

Performance

DFSB vs. DFGP - Performance Comparison

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

Returns By Period

In the year-to-date period, DFSB achieves a 0.84% return, which is significantly lower than DFGP's 1.11% return.

DFSB

• 1D: -0.28%
• 1M: 0.75%
• YTD: 0.84%
• 6M: 0.49%
• 1Y: 4.36%
• 3Y*: 4.79%
• 5Y*: —
• 10Y*: —

DFGP

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

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

DFSB vs. DFGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFSB Dimensional Global Sustainability Fixed Income ETF	0.84%	5.22%	2.45%	6.35%
DFGP Dimensional Global Core Plus Fixed Income ETF	1.11%	5.89%	3.71%	6.24%

Correlation

The correlation between DFSB and DFGP is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.92

The correlation between DFSB and DFGP has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

DFSB vs. DFGP — Risk / Return Rank

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

DFSB

DFSB Risk / Return Rank: 31
DFSB Sharpe Ratio Rank: 31
DFSB Sortino Ratio Rank: 31
DFSB Omega Ratio Rank: 30
DFSB Calmar Ratio Rank: 30
DFSB Martin Ratio Rank: 31

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

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. DFGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Sustainability Fixed Income ETF (DFSB) and Dimensional Global Core Plus Fixed Income ETF (DFGP). 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.

	DFSB	DFGP	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.30	-0.16
Sortino ratio: Return per unit of downside risk	1.66	1.87	-0.21
Omega ratio: Gain probability vs. loss probability	1.20	1.23	-0.03
Calmar ratio: Return relative to maximum drawdown	1.44	1.59	-0.15
Martin ratio: Return relative to average drawdown	4.49	5.41	-0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFSB vs. DFGP - Sharpe Ratio Comparison

The current DFSB Sharpe Ratio is 1.14, which is comparable to the DFGP Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of DFSB and DFGP, 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

	DFSB	DFGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.30	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.44	-0.56

Drawdowns

DFSB vs. DFGP - Drawdown Comparison

The maximum DFSB drawdown since its inception was -5.16%, which is greater than DFGP's maximum drawdown of -3.24%. Use the drawdown chart below to compare losses from any high point for DFSB and DFGP.

Drawdown Indicators

	DFSB	DFGP	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-3.24%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-3.24%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-4.37%	—	—
Current Drawdown Current decline from peak	-1.12%	-0.94%	-0.18%
Average Drawdown Average peak-to-trough decline	-1.26%	-0.78%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	0.95%	+0.02%

Volatility

DFSB vs. DFGP - Volatility Comparison

Dimensional Global Sustainability Fixed Income ETF (DFSB) and Dimensional Global Core Plus Fixed Income ETF (DFGP) have volatilities of 1.62% and 1.65%, 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

	DFSB	DFGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	1.65%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	3.25%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	3.96%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.46%	4.66%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	4.66%	+0.80%

DFSB vs. DFGP - Expense Ratio Comparison

DFSB has a 0.24% expense ratio, which is higher than DFGP's 0.22% 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. DFGP - Dividend Comparison

DFSB's dividend yield for the trailing twelve months is around 3.61%, which matches DFGP's 3.64% yield.

Position	TTM	2025	2024	2023	2022
DFGP Dimensional Global Core Plus Fixed Income ETF	3.64%	3.45%	4.51%	0.62%	0.00%
DFSB Dimensional Global Sustainability Fixed Income ETF	3.61%	3.46%	4.35%	5.27%	0.41%

Frequently Asked Questions

Can I hold both DFSB and DFGP in my portfolio?

With a correlation of 0.94, DFSB and DFGP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFSB or DFGP?

DFGP has higher volatility (1.65%) compared to DFSB (1.62%). In terms of maximum drawdown, DFSB dropped -5.16% vs DFGP's -3.24%.

Which ETF is better, DFSB or DFGP?

On 1-year performance, DFGP leads with 5.12% vs 4.36% for DFSB. On fees, DFGP is cheaper at 0.22% per year. 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, DFSB or DFGP?

Over the 1-year period, DFGP has performed better with a 5.12% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFSB or DFGP?

DFGP is cheaper with a 0.22% expense ratio, compared with 0.24% for DFSB.

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

DFGP has the higher dividend yield at 3.64%, compared with 3.61% for DFSB.

What is the main difference between DFSB and DFGP?

Their fees differ too: 0.24% for DFSB and 0.22% for DFGP.

Which has better risk-adjusted returns?

DFGP currently has the higher Sharpe Ratio (1.30 vs 1.14), 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.