DGCFX vs. IBND
Compare and contrast key facts about DFA Global Core Plus Fixed Income Portfolio (DGCFX) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND).
DGCFX is managed by Dimensional. It was launched on Jan 10, 2018. IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010.
Performance
DGCFX vs. IBND - Performance Comparison
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DGCFX vs. IBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DGCFX DFA Global Core Plus Fixed Income Portfolio | -0.73% | 6.12% | 3.57% | 10.01% | -15.88% | -2.04% | 8.51% | 11.55% | 1.13% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.80% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -8.61% |
Returns By Period
In the year-to-date period, DGCFX achieves a -0.73% return, which is significantly higher than IBND's -2.80% return.
DGCFX
- 1D
- 0.46%
- 1M
- -2.74%
- YTD
- -0.73%
- 6M
- -0.24%
- 1Y
- 3.73%
- 3Y*
- 5.03%
- 5Y*
- 0.56%
- 10Y*
- —
IBND
- 1D
- 1.34%
- 1M
- -4.53%
- YTD
- -2.80%
- 6M
- -2.44%
- 1Y
- 8.16%
- 3Y*
- 5.46%
- 5Y*
- -1.27%
- 10Y*
- 0.50%
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DGCFX vs. IBND - Expense Ratio Comparison
DGCFX has a 0.25% expense ratio, which is lower than IBND's 0.50% expense ratio.
Return for Risk
DGCFX vs. IBND — Risk / Return Rank
DGCFX
IBND
DGCFX vs. IBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Global Core Plus Fixed Income Portfolio (DGCFX) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). 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.
| DGCFX | IBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.92 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.41 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.17 | +0.17 |
Martin ratioReturn relative to average drawdown | 5.42 | 3.91 | +1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DGCFX | IBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.92 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | -0.13 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.14 | +0.35 |
Correlation
The correlation between DGCFX and IBND is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DGCFX vs. IBND - Dividend Comparison
DGCFX's dividend yield for the trailing twelve months is around 4.85%, more than IBND's 2.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGCFX DFA Global Core Plus Fixed Income Portfolio | 4.85% | 4.22% | 4.40% | 4.03% | 2.26% | 2.45% | 1.78% | 1.92% | 6.17% | 0.00% | 0.00% | 0.00% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.65% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
Drawdowns
DGCFX vs. IBND - Drawdown Comparison
The maximum DGCFX drawdown since its inception was -21.77%, smaller than the maximum IBND drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for DGCFX and IBND.
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Drawdown Indicators
| DGCFX | IBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -35.62% | +13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -6.75% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.77% | -34.32% | +12.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.62% | — |
Current DrawdownCurrent decline from peak | -2.74% | -11.03% | +8.29% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -10.65% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.03% | -1.24% |
Volatility
DGCFX vs. IBND - Volatility Comparison
The current volatility for DFA Global Core Plus Fixed Income Portfolio (DGCFX) is 1.71%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 4.05%. This indicates that DGCFX experiences smaller price fluctuations and is considered to be less risky than IBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGCFX | IBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 4.05% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 5.56% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 8.92% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 9.70% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 8.94% | -4.01% |