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 Fund Advisors LP. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGCFX or IBND.
Key characteristics
| DGCFX | IBND | |
|---|---|---|
| YTD Return | -0.44% | -2.79% |
| 1Y Return | 4.92% | 3.66% |
| 3Y Return (Ann) | -2.38% | -6.68% |
| 5Y Return (Ann) | 0.64% | -1.83% |
| Sharpe Ratio | 0.88 | 0.37 |
| Daily Std Dev | 5.34% | 8.66% |
| Max Drawdown | -21.77% | -35.63% |
| Current Drawdown | -9.90% | -21.19% |
Correlation
The correlation between DGCFX and IBND is 0.45, 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.
Performance
DGCFX vs. IBND - Performance Comparison
In the year-to-date period, DGCFX achieves a -0.44% return, which is significantly higher than IBND's -2.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
DGCFX vs. IBND - Risk-Adjusted Performance 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.
Dividends
DGCFX vs. IBND - Dividend Comparison
DGCFX's dividend yield for the trailing twelve months is around 4.05%, more than IBND's 2.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGCFX DFA Global Core Plus Fixed Income Portfolio | 4.05% | 4.03% | 2.26% | 2.45% | 1.78% | 1.92% | 6.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.43% | 2.08% | 0.54% | 0.37% | 0.33% | 0.58% | 0.71% | 0.34% | 0.01% | 0.01% | 1.63% | 1.24% |
Drawdowns
DGCFX vs. IBND - Drawdown Comparison
The maximum DGCFX drawdown since its inception was -21.77%, smaller than the maximum IBND drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for DGCFX and IBND. For additional features, visit the drawdowns tool.
Volatility
DGCFX vs. IBND - Volatility Comparison
The current volatility for DFA Global Core Plus Fixed Income Portfolio (DGCFX) is 1.33%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 2.03%. 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.