DGCB vs. DFCF

Last updated Apr 1, 2026

Compare and contrast key facts about Dimensional Global Credit ETF (DGCB) and Dimensional Core Fixed Income ETF (DFCF).

DGCB and DFCF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGCB is an actively managed fund by Dimensional. It was launched on Nov 7, 2023. DFCF is an actively managed fund by Dimensional. It was launched on Nov 15, 2021.

Performance

DGCB vs. DFCF - Performance Comparison

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

DGCB vs. DFCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DGCB Dimensional Global Credit ETF	-0.19%	6.68%	3.80%	6.14%
DFCF Dimensional Core Fixed Income ETF	-0.10%	7.89%	1.86%	5.48%

Returns By Period

In the year-to-date period, DGCB achieves a -0.19% return, which is significantly lower than DFCF's -0.10% return.

DGCB

• 1D: 0.68%
• 1M: -2.04%
• YTD: -0.19%
• 6M: 0.41%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFCF

• 1D: 0.33%
• 1M: -1.93%
• YTD: -0.10%
• 6M: 0.91%
• 1Y: 4.99%
• 3Y*: 4.41%
• 5Y*: —
• 10Y*: —

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

DGCB vs. DFCF - Expense Ratio Comparison

DGCB has a 0.20% expense ratio, which is higher than DFCF's 0.17% 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%.

DGCB

Dimensional Global Credit ETF

DFCF

Dimensional Core Fixed Income ETF

Return for Risk

DGCB vs. DFCF — Risk / Return Rank

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

DGCB

DGCB Risk / Return Rank: 57
DGCB Sharpe Ratio Rank: 60
DGCB Sortino Ratio Rank: 56
DGCB Omega Ratio Rank: 51
DGCB Calmar Ratio Rank: 63
DGCB Martin Ratio Rank: 57

DFCF

DFCF Risk / Return Rank: 61
DFCF Sharpe Ratio Rank: 63
DFCF Sortino Ratio Rank: 60
DFCF Omega Ratio Rank: 53
DFCF Calmar Ratio Rank: 72
DFCF Martin Ratio Rank: 59

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.

DGCB vs. DFCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Credit ETF (DGCB) and Dimensional Core Fixed Income ETF (DFCF). 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.

	DGCB	DFCF	Difference
Sharpe ratio Return per unit of total volatility	1.06	1.07	-0.02
Sortino ratio Return per unit of downside risk	1.48	1.49	-0.01
Omega ratio Gain probability vs. loss probability	1.20	1.19	0.00
Calmar ratio Return relative to maximum drawdown	1.60	1.77	-0.17
Martin ratio Return relative to average drawdown	5.56	5.55	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGCB vs. DFCF - Sharpe Ratio Comparison

The current DGCB Sharpe Ratio is 1.06, which is comparable to the DFCF Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of DGCB and DFCF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DGCB	DFCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.07	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.02	+1.42

Correlation

The correlation between DGCB and DFCF is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DGCB vs. DFCF - Dividend Comparison

DGCB's dividend yield for the trailing twelve months is around 2.85%, less than DFCF's 4.50% yield.

	TTM	2025	2024	2023	2022	2021
DGCB Dimensional Global Credit ETF	2.85%	3.43%	4.72%	0.63%	0.00%	0.00%
DFCF Dimensional Core Fixed Income ETF	4.50%	4.48%	4.61%	4.51%	3.27%	0.16%

Drawdowns

DGCB vs. DFCF - Drawdown Comparison

The maximum DGCB drawdown since its inception was -3.50%, smaller than the maximum DFCF drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for DGCB and DFCF.

Drawdown Indicators

	DGCB	DFCF	Difference
Max Drawdown Largest peak-to-trough decline	-3.50%	-19.56%	+16.06%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-2.90%	-0.18%
Current Drawdown Current decline from peak	-2.04%	-1.93%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.77%	-8.30%	+7.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.93%	-0.05%

Volatility

DGCB vs. DFCF - Volatility Comparison

Dimensional Global Credit ETF (DGCB) has a higher volatility of 2.15% compared to Dimensional Core Fixed Income ETF (DFCF) at 1.85%. This indicates that DGCB's price experiences larger fluctuations and is considered to be riskier than DFCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGCB	DFCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.15%	1.85%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	2.72%	2.72%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.49%	4.68%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	6.54%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	6.54%	-1.72%