DGCFX vs. DFIHX

Last updated Jun 23, 2026

DGCFX (DFA Global Core Plus Fixed Income Portfolio) and DFIHX (DFA One Year Fixed Income Portfolio) are both mutual funds - DGCFX is a Global Bonds fund managed by Dimensional, while DFIHX is a Ultrashort Bond fund managed by Dimensional. Over the past 5 years, DGCFX returned 0.63%/yr vs 2.78%/yr for DFIHX. At a 0.24 correlation, their price movements are largely independent. DGCFX charges 0.25%/yr vs 0.13%/yr for DFIHX.

Performance

DGCFX vs. DFIHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Global Core Plus Fixed Income Portfolio (DGCFX) and DFA One Year Fixed Income Portfolio (DFIHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGCFX achieves a 1.78% return, which is significantly higher than DFIHX's 1.62% return.

DGCFX

• 1D: 0.22%
• 1M: 1.19%
• YTD: 1.78%
• 6M: 2.11%
• 1Y: 4.98%
• 3Y*: 6.03%
• 5Y*: 0.63%
• 10Y*: —

DFIHX

• 1D: 0.10%
• 1M: 0.30%
• YTD: 1.62%
• 6M: 1.72%
• 1Y: 3.55%
• 3Y*: 4.43%
• 5Y*: 2.78%
• 10Y*: 1.98%

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

DGCFX vs. DFIHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DGCFX DFA Global Core Plus Fixed Income Portfolio	1.78%	6.12%	3.57%	10.01%	-15.88%	-2.04%	8.51%	11.55%	1.13%
DFIHX DFA One Year Fixed Income Portfolio	1.62%	3.41%	5.41%	4.98%	-1.19%	-0.19%	0.62%	2.44%	1.78%

Correlation

The correlation between DGCFX and DFIHX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	0.24

The correlation between DGCFX and DFIHX shifts across timeframes, from 0.03 (3 years) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DGCFX vs. DFIHX — Risk / Return Rank

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

DGCFX

DGCFX Risk / Return Rank: 28
DGCFX Sharpe Ratio Rank: 30
DGCFX Sortino Ratio Rank: 31
DGCFX Omega Ratio Rank: 32
DGCFX Calmar Ratio Rank: 22
DGCFX Martin Ratio Rank: 23

DFIHX

DFIHX Risk / Return Rank: 99
DFIHX Sharpe Ratio Rank: 99
DFIHX Sortino Ratio Rank: 99
DFIHX Omega Ratio Rank: 100
DFIHX Calmar Ratio Rank: 98
DFIHX Martin Ratio Rank: 99

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.

DGCFX vs. DFIHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Global Core Plus Fixed Income Portfolio (DGCFX) and DFA One Year Fixed Income Portfolio (DFIHX). 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.

	DGCFX	DFIHX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	4.88	-3.42
Sortino ratio: Return per unit of downside risk	2.15	8.23	-6.08
Omega ratio: Gain probability vs. loss probability	1.28	5.69	-4.41
Calmar ratio: Return relative to maximum drawdown	1.61	9.23	-7.62
Martin ratio: Return relative to average drawdown	5.15	55.72	-50.58

DGCFX vs. DFIHX - Sharpe Ratio Comparison

The current DGCFX Sharpe Ratio is 1.46, which is lower than the DFIHX Sharpe Ratio of 4.88. The chart below compares the historical Sharpe Ratios of DGCFX and DFIHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGCFX vs. DFIHX - Drawdown Comparison

The maximum DGCFX drawdown since its inception was -21.77%, which is greater than DFIHX's maximum drawdown of -2.53%. Use the drawdown chart below to compare losses from any high point for DGCFX and DFIHX.

Drawdown Indicators

	DGCFX	DFIHX	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-2.53%	-19.24%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-0.39%	-2.80%
Max Drawdown (3Y) Largest decline over 3 years	-4.20%	-0.49%	-3.71%
Max Drawdown (5Y) Largest decline over 5 years	-21.77%	-2.26%	-19.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-2.26%	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-5.34%	-0.15%	-5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.06%	+0.93%

Volatility

DGCFX vs. DFIHX - Volatility Comparison

DFA Global Core Plus Fixed Income Portfolio (DGCFX) has a higher volatility of 1.02% compared to DFA One Year Fixed Income Portfolio (DFIHX) at 0.26%. This indicates that DGCFX's price experiences larger fluctuations and is considered to be riskier than DFIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGCFX	DFIHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	0.26%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	0.46%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	0.74%	+2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.47%	1.00%	+4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.91%	0.80%	+4.11%

DGCFX vs. DFIHX - Expense Ratio Comparison

DGCFX has a 0.25% expense ratio, which is higher than DFIHX's 0.13% 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%.

Dividends

DGCFX vs. DFIHX - Dividend Comparison

DGCFX's dividend yield for the trailing twelve months is around 4.73%, more than DFIHX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFIHX DFA One Year Fixed Income Portfolio	3.58%	3.26%	4.99%	3.37%	1.07%	0.00%	0.62%	2.12%	1.85%	1.13%	0.66%	0.51%
DGCFX DFA Global Core Plus Fixed Income Portfolio	4.73%	4.22%	4.40%	4.03%	2.26%	2.45%	1.78%	1.92%	6.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGCFX and DFIHX in my portfolio?

DGCFX and DFIHX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGCFX or DFIHX?

DGCFX has higher volatility (1.02%) compared to DFIHX (0.26%). In terms of maximum drawdown, DGCFX dropped -21.77% vs DFIHX's -2.53%.

Which has better risk-adjusted returns?

DFIHX currently has the higher Sharpe Ratio (4.88 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.