DGCB vs. DFGX

Last updated Apr 1, 2026

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

DGCB and DFGX 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. DFGX is an actively managed fund by Dimensional. It was launched on Nov 7, 2023.

Performance

DGCB vs. DFGX - Performance Comparison

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

DGCB vs. DFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DGCB Dimensional Global Credit ETF	-0.19%	6.68%	3.80%	6.14%
DFGX Dimensional Global Ex US Core Fixed Income ETF	-0.35%	3.46%	3.75%	4.95%

Returns By Period

In the year-to-date period, DGCB achieves a -0.19% return, which is significantly higher than DFGX's -0.35% return.

DGCB

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

DFGX

• 1D: 0.61%
• 1M: -2.47%
• YTD: -0.35%
• 6M: -0.10%
• 1Y: 3.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGCB vs. DFGX - Expense Ratio Comparison

Both DGCB and DFGX have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

DGCB

Dimensional Global Credit ETF

DFGX

Dimensional Global Ex US Core Fixed Income ETF

Return for Risk

DGCB vs. DFGX — 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

DFGX

DFGX Risk / Return Rank: 36
DFGX Sharpe Ratio Rank: 39
DFGX Sortino Ratio Rank: 35
DFGX Omega Ratio Rank: 33
DFGX Calmar Ratio Rank: 37
DFGX Martin Ratio Rank: 39

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. DFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Credit ETF (DGCB) and Dimensional Global Ex US Core Fixed Income ETF (DFGX). 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	DFGX	Difference
Sharpe ratio Return per unit of total volatility	1.06	0.71	+0.34
Sortino ratio Return per unit of downside risk	1.48	1.00	+0.48
Omega ratio Gain probability vs. loss probability	1.20	1.13	+0.06
Calmar ratio Return relative to maximum drawdown	1.60	0.92	+0.67
Martin ratio Return relative to average drawdown	5.56	3.61	+1.95
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. DFGX - Sharpe Ratio Comparison

The current DGCB Sharpe Ratio is 1.06, which is higher than the DFGX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of DGCB and DFGX, 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	DFGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.71	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	1.09	+0.36

Correlation

The correlation between DGCB and DFGX is 0.79, 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. DFGX - Dividend Comparison

DGCB's dividend yield for the trailing twelve months is around 2.85%, more than DFGX's 2.78% yield.

	TTM	2025	2024	2023
DGCB Dimensional Global Credit ETF	2.85%	3.43%	4.72%	0.63%
DFGX Dimensional Global Ex US Core Fixed Income ETF	2.78%	2.84%	4.61%	0.49%

Drawdowns

DGCB vs. DFGX - Drawdown Comparison

The maximum DGCB drawdown since its inception was -3.50%, which is greater than DFGX's maximum drawdown of -3.32%. Use the drawdown chart below to compare losses from any high point for DGCB and DFGX.

Drawdown Indicators

	DGCB	DFGX	Difference
Max Drawdown Largest peak-to-trough decline	-3.50%	-3.32%	-0.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-3.32%	+0.24%
Current Drawdown Current decline from peak	-2.04%	-2.47%	+0.43%
Average Drawdown Average peak-to-trough decline	-0.77%	-0.70%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.85%	+0.03%

Volatility

DGCB vs. DFGX - Volatility Comparison

Dimensional Global Credit ETF (DGCB) has a higher volatility of 2.15% compared to Dimensional Global Ex US Core Fixed Income ETF (DFGX) at 1.99%. This indicates that DGCB's price experiences larger fluctuations and is considered to be riskier than DFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGCB	DFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.15%	1.99%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	2.72%	2.69%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.49%	4.45%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	4.59%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	4.59%	+0.23%