DGCB vs. TMSF

Last updated Jun 25, 2026

DGCB (Dimensional Global Credit ETF) and TMSF (T. Rowe Price Multi-Sector Income ETF) are both exchange-traded funds - DGCB is a Global Bonds fund actively managed by Dimensional, while TMSF is a Multisector Bonds fund actively managed by T. Rowe Price. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. DGCB charges 0.20%/yr vs 0.37%/yr for TMSF.

Performance

DGCB vs. TMSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Global Credit ETF (DGCB) and T. Rowe Price Multi-Sector Income ETF (TMSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DGCB having a 2.02% return and TMSF slightly lower at 1.92%.

DGCB

• 1D: 0.39%
• 1M: 1.33%
• YTD: 2.02%
• 6M: 1.89%
• 1Y: 5.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMSF

• 1D: 0.15%
• 1M: 0.70%
• YTD: 1.92%
• 6M: 2.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGCB vs. TMSF - Yearly Performance Comparison

	2026 (YTD)	2025
DGCB Dimensional Global Credit ETF	2.02%	0.52%
TMSF T. Rowe Price Multi-Sector Income ETF	1.92%	1.29%

Correlation

The correlation between DGCB and TMSF is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.68

Return for Risk

DGCB vs. TMSF — Risk / Return Rank

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

DGCB

DGCB Risk / Return Rank: 44
DGCB Sharpe Ratio Rank: 45
DGCB Sortino Ratio Rank: 46
DGCB Omega Ratio Rank: 43
DGCB Calmar Ratio Rank: 40
DGCB Martin Ratio Rank: 43

TMSF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. TMSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Credit ETF (DGCB) and T. Rowe Price Multi-Sector Income ETF (TMSF). 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.

	DGCB	TMSF	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	2.06	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.82	—	—
Martin ratio: Return relative to average drawdown	6.36	—	—

Drawdowns

DGCB vs. TMSF - Drawdown Comparison

The maximum DGCB drawdown since its inception was -3.50%, which is greater than TMSF's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for DGCB and TMSF.

Drawdown Indicators

	DGCB	TMSF	Difference
Max Drawdown Largest peak-to-trough decline	-3.50%	-2.28%	-1.22%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	—	—
Current Drawdown Current decline from peak	0.00%	-0.20%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.37%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	DGCB	TMSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.99%	2.92%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.81%	2.92%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.81%	2.92%	+1.89%

DGCB vs. TMSF - Expense Ratio Comparison

DGCB has a 0.20% expense ratio, which is lower than TMSF's 0.37% expense ratio.

Dividends

DGCB vs. TMSF - Dividend Comparison

DGCB's dividend yield for the trailing twelve months is around 3.97%, more than TMSF's 3.05% yield.

Position	TTM	2025	2024	2023
DGCB Dimensional Global Credit ETF	3.97%	3.43%	4.72%	0.63%
TMSF T. Rowe Price Multi-Sector Income ETF	3.05%	0.75%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGCB and TMSF in my portfolio?

DGCB and TMSF have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGCB or TMSF?

On fees, DGCB is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGCB or TMSF?

DGCB is cheaper with a 0.20% expense ratio, compared with 0.37% for TMSF.

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

DGCB has the higher dividend yield at 3.97%, compared with 3.05% for TMSF.

What is the main difference between DGCB and TMSF?

DGCB is categorized as Global Bonds, while TMSF is Multisector Bonds. They also come from different issuers: Dimensional and T. Rowe Price. Their fees differ too: 0.20% for DGCB and 0.37% for TMSF.