DGCB vs. JPIB

Last updated Jun 4, 2026

DGCB (Dimensional Global Credit ETF) and JPIB (JPMorgan International Bond Opportunities ETF) are both Global Bonds funds. Both are actively managed. Over the past year, DGCB returned 6.04% vs 5.13% for JPIB. A 0.77 correlation means they provide meaningful diversification when combined. DGCB charges 0.20%/yr vs 0.50%/yr for JPIB.

Performance

DGCB vs. JPIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Global Credit ETF (DGCB) and JPMorgan International Bond Opportunities ETF (JPIB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGCB achieves a 1.22% return, which is significantly higher than JPIB's 0.74% return.

DGCB

• 1D: -0.20%
• 1M: 0.84%
• YTD: 1.22%
• 6M: 1.01%
• 1Y: 6.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPIB

• 1D: -0.25%
• 1M: 0.81%
• YTD: 0.74%
• 6M: 0.71%
• 1Y: 5.13%
• 3Y*: 5.79%
• 5Y*: 2.83%
• 10Y*: —

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

DGCB vs. JPIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DGCB Dimensional Global Credit ETF	1.22%	6.68%	3.80%	6.14%
JPIB JPMorgan International Bond Opportunities ETF	0.74%	8.19%	3.48%	5.22%

Correlation

The correlation between DGCB and JPIB is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.77

The correlation between DGCB and JPIB has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

Return for Risk

DGCB vs. JPIB — Risk / Return Rank

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

DGCB

DGCB Risk / Return Rank: 43
DGCB Sharpe Ratio Rank: 43
DGCB Sortino Ratio Rank: 44
DGCB Omega Ratio Rank: 43
DGCB Calmar Ratio Rank: 40
DGCB Martin Ratio Rank: 43

JPIB

JPIB Risk / Return Rank: 37
JPIB Sharpe Ratio Rank: 41
JPIB Sortino Ratio Rank: 40
JPIB Omega Ratio Rank: 45
JPIB Calmar Ratio Rank: 28
JPIB Martin Ratio Rank: 32

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. JPIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Credit ETF (DGCB) and JPMorgan International Bond Opportunities ETF (JPIB). 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	JPIB	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.46	+0.07
Sortino ratio: Return per unit of downside risk	2.22	2.07	+0.15
Omega ratio: Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio: Return relative to maximum drawdown	1.97	1.37	+0.60
Martin ratio: Return relative to average drawdown	6.93	4.78	+2.14
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. JPIB - Sharpe Ratio Comparison

The current DGCB Sharpe Ratio is 1.53, which is comparable to the JPIB Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of DGCB and JPIB, 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

	DGCB	JPIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.46	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	0.82	+0.65

Drawdowns

DGCB vs. JPIB - Drawdown Comparison

The maximum DGCB drawdown since its inception was -3.50%, smaller than the maximum JPIB drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for DGCB and JPIB.

Drawdown Indicators

	DGCB	JPIB	Difference
Max Drawdown Largest peak-to-trough decline	-3.50%	-13.13%	+9.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-3.75%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.83%	—
Current Drawdown Current decline from peak	-0.65%	-1.12%	+0.47%
Average Drawdown Average peak-to-trough decline	-0.80%	-1.93%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	1.07%	-0.20%

Volatility

DGCB vs. JPIB - Volatility Comparison

Dimensional Global Credit ETF (DGCB) has a higher volatility of 1.45% compared to JPMorgan International Bond Opportunities ETF (JPIB) at 1.08%. This indicates that DGCB's price experiences larger fluctuations and is considered to be riskier than JPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGCB	JPIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	1.08%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	3.00%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	3.97%	3.53%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	4.11%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	4.44%	+0.38%

DGCB vs. JPIB - Expense Ratio Comparison

DGCB has a 0.20% expense ratio, which is lower than JPIB's 0.50% expense ratio.

Dividends

DGCB vs. JPIB - Dividend Comparison

DGCB's dividend yield for the trailing twelve months is around 3.22%, less than JPIB's 5.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGCB Dimensional Global Credit ETF	3.22%	3.43%	4.72%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JPIB JPMorgan International Bond Opportunities ETF	5.02%	4.85%	4.57%	4.35%	3.10%	2.59%	3.14%	4.66%	5.83%	1.81%

Frequently Asked Questions

Can I hold both DGCB and JPIB in my portfolio?

DGCB and JPIB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGCB or JPIB?

DGCB has higher volatility (1.45%) compared to JPIB (1.08%). In terms of maximum drawdown, DGCB dropped -3.50% vs JPIB's -13.13%.

Which ETF is better, DGCB or JPIB?

On 1-year performance, DGCB leads with 6.04% vs 5.13% for JPIB. On fees, DGCB is cheaper at 0.20% per year. On volatility, JPIB has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGCB or JPIB?

Over the 1-year period, DGCB has performed better with a 6.04% return vs 5.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGCB or JPIB?

DGCB is cheaper with a 0.20% expense ratio, compared with 0.50% for JPIB.

Which ETF pays a higher dividend yield, DGCB or JPIB?

JPIB has the higher dividend yield at 5.02%, compared with 3.22% for DGCB.

What is the main difference between DGCB and JPIB?

They also come from different issuers: Dimensional and JPMorgan. Their fees differ too: 0.20% for DGCB and 0.50% for JPIB.

Which has better risk-adjusted returns?

DGCB currently has the higher Sharpe Ratio (1.53 vs 1.46), 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.