DFSHX vs. ANAZX
DFSHX (DFA Selectively Hedged Global Fixed Income Portfolio) and ANAZX (AB Global Bond Fund Class Z) are both Global Bonds funds. Over the past 10 years, DFSHX returned 2.02%/yr vs 1.72%/yr for ANAZX. At a 0.42 correlation, their price movements are largely independent. DFSHX charges 0.16%/yr vs 0.52%/yr for ANAZX.
Performance
DFSHX vs. ANAZX - Performance Comparison
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Returns By Period
In the year-to-date period, DFSHX achieves a 1.41% return, which is significantly higher than ANAZX's 0.58% return. Over the past 10 years, DFSHX has outperformed ANAZX with an annualized return of 2.02%, while ANAZX has yielded a comparatively lower 1.72% annualized return.
DFSHX
- 1D
- 0.00%
- 1M
- 0.11%
- YTD
- 1.41%
- 6M
- 1.52%
- 1Y
- 3.83%
- 3Y*
- 5.06%
- 5Y*
- 1.95%
- 10Y*
- 2.02%
ANAZX
- 1D
- -0.29%
- 1M
- 0.79%
- YTD
- 0.58%
- 6M
- 1.06%
- 1Y
- 2.91%
- 3Y*
- 4.75%
- 5Y*
- 0.35%
- 10Y*
- 1.72%
DFSHX vs. ANAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio | 1.41% | 4.84% | 5.66% | 5.55% | -6.24% | -0.82% | 2.33% | 4.82% | 1.83% | 2.61% |
ANAZX AB Global Bond Fund Class Z | 0.58% | 6.42% | 2.70% | 5.99% | -12.17% | -2.14% | 5.13% | 7.84% | 0.38% | 3.18% |
Correlation
The correlation between DFSHX and ANAZX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013 | 0.42 |
Over the past year, DFSHX and ANAZX have become more correlated (0.63) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
DFSHX vs. ANAZX — Risk / Return Rank
DFSHX
ANAZX
DFSHX vs. ANAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX) and AB Global Bond Fund Class Z (ANAZX). 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.
| DFSHX | ANAZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.17 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 0.98 | +2.03 |
| Martin ratioReturn relative to average drawdown | 12.34 | 3.07 | +9.28 |
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Drawdowns
DFSHX vs. ANAZX - Drawdown Comparison
The maximum DFSHX drawdown since its inception was -9.58%, smaller than the maximum ANAZX drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for DFSHX and ANAZX.
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Drawdown Indicators
| DFSHX | ANAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.58% | -17.24% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -3.12% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.18% | -4.00% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -9.58% | -17.24% | +7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -9.58% | -17.24% | +7.66% |
Current DrawdownCurrent decline from peak | -0.32% | -1.16% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -3.38% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 1.00% | -0.69% |
Volatility
DFSHX vs. ANAZX - Volatility Comparison
The current volatility for DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX) is 0.66%, while AB Global Bond Fund Class Z (ANAZX) has a volatility of 1.19%. This indicates that DFSHX experiences smaller price fluctuations and is considered to be less risky than ANAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFSHX | ANAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.19% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 2.86% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 3.37% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 4.47% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.65% | 3.77% | -1.12% |
DFSHX vs. ANAZX - Expense Ratio Comparison
DFSHX has a 0.16% expense ratio, which is lower than ANAZX's 0.52% expense ratio.
Dividends
DFSHX vs. ANAZX - Dividend Comparison
DFSHX's dividend yield for the trailing twelve months is around 4.20%, more than ANAZX's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANAZX AB Global Bond Fund Class Z | 3.76% | 4.89% | 3.67% | 2.53% | 8.39% | 2.73% | 2.64% | 3.71% | 3.17% | 2.53% | 3.27% | 4.06% |
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio | 4.20% | 4.26% | 4.50% | 3.90% | 0.04% | 1.77% | 0.03% | 2.52% | 3.23% | 1.75% | 1.63% | 1.11% |
Frequently Asked Questions
DFSHX and ANAZX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANAZX has higher volatility (1.19%) compared to DFSHX (0.66%). In terms of maximum drawdown, DFSHX dropped -9.58% vs ANAZX's -17.24%.
DFSHX currently has the higher Sharpe Ratio (2.43 vs 0.91), 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.
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