DFSB vs. VWOB
DFSB (Dimensional Global Sustainability Fixed Income ETF) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both exchange-traded funds - DFSB is a Global Bonds fund actively managed by Dimensional, while VWOB is a Emerging Markets Bonds fund tracking the Bloomberg USD Emerging Markets Government RIC Capped Index. DFSB is actively managed, while VWOB is passively managed. Over the past 3 years, DFSB returned 4.90%/yr vs 9.07%/yr for VWOB. A 0.78 correlation means they provide meaningful diversification when combined. DFSB charges 0.24%/yr vs 0.15%/yr for VWOB.
Performance
DFSB vs. VWOB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DFSB achieves a 1.25% return, which is significantly lower than VWOB's 2.09% return.
DFSB
- 1D
- -0.21%
- 1M
- 0.89%
- YTD
- 1.25%
- 6M
- 1.48%
- 1Y
- 4.07%
- 3Y*
- 4.90%
- 5Y*
- —
- 10Y*
- —
VWOB
- 1D
- -0.37%
- 1M
- 1.81%
- YTD
- 2.09%
- 6M
- 2.11%
- 1Y
- 10.57%
- 3Y*
- 9.07%
- 5Y*
- 2.13%
- 10Y*
- 3.52%
DFSB vs. VWOB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFSB Dimensional Global Sustainability Fixed Income ETF | 1.25% | 5.22% | 2.45% | 9.37% | -0.62% |
VWOB Vanguard Emerging Markets Government Bond ETF | 2.09% | 13.49% | 5.20% | 10.68% | 1.05% |
Correlation
The correlation between DFSB and VWOB is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2022 | 0.78 |
The correlation between DFSB and VWOB has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DFSB vs. VWOB — Risk / Return Rank
DFSB
VWOB
DFSB vs. VWOB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Sustainability Fixed Income ETF (DFSB) and Vanguard Emerging Markets Government Bond ETF (VWOB). 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 | VWOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.37 | -1.02 |
| Martin ratioReturn relative to average drawdown | 4.10 | 9.98 | -5.88 |
Loading charts...
Drawdowns
DFSB vs. VWOB - Drawdown Comparison
The maximum DFSB drawdown since its inception was -5.16%, smaller than the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for DFSB and VWOB.
Loading charts...
Drawdown Indicators
| DFSB | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.16% | -26.98% | +21.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -4.48% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.37% | -7.71% | +3.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.98% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.37% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -4.79% | +3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.06% | -0.07% |
Volatility
DFSB vs. VWOB - Volatility Comparison
The current volatility for Dimensional Global Sustainability Fixed Income ETF (DFSB) is 1.17%, while Vanguard Emerging Markets Government Bond ETF (VWOB) has a volatility of 1.72%. This indicates that DFSB experiences smaller price fluctuations and is considered to be less risky than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DFSB | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.72% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 4.36% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 5.29% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 9.19% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 9.35% | -3.90% |
DFSB vs. VWOB - Expense Ratio Comparison
DFSB has a 0.24% expense ratio, which is higher than VWOB's 0.15% 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. VWOB - Dividend Comparison
DFSB's dividend yield for the trailing twelve months is around 3.60%, less than VWOB's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSB Dimensional Global Sustainability Fixed Income ETF | 3.60% | 3.46% | 4.35% | 5.27% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.81% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
DFSB and VWOB have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWOB has higher volatility (1.72%) compared to DFSB (1.17%). In terms of maximum drawdown, DFSB dropped -5.16% vs VWOB's -26.98%.
On 3-year performance, VWOB leads with 9.07% vs 4.90% for DFSB. On fees, VWOB is cheaper at 0.15% per year. On volatility, DFSB has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VWOB has performed better with a 9.07% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VWOB is cheaper with a 0.15% expense ratio, compared with 0.24% for DFSB.
VWOB has the higher dividend yield at 5.81%, compared with 3.60% for DFSB.
DFSB is categorized as Global Bonds, while VWOB is Emerging Markets Bonds. They also come from different issuers: Dimensional and Vanguard. Their fees differ too: 0.24% for DFSB and 0.15% for VWOB.
VWOB currently has the higher Sharpe Ratio (2.01 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.
Find the right allocation for DFSB and VWOB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer