DGFFX vs. DFSHX

Last updated Jun 4, 2026

DGFFX (Destinations Global Fixed Income Opportunities Fund) and DFSHX (DFA Selectively Hedged Global Fixed Income Portfolio) are both Global Bonds funds. Over the past 5 years, DGFFX returned 3.69%/yr vs 1.99%/yr for DFSHX. At a 0.27 correlation, their price movements are largely independent. DGFFX charges 0.99%/yr vs 0.16%/yr for DFSHX.

Performance

DGFFX vs. DFSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Destinations Global Fixed Income Opportunities Fund (DGFFX) and DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGFFX achieves a 2.55% return, which is significantly higher than DFSHX's 1.62% return.

DGFFX

• 1D: 0.11%
• 1M: 0.40%
• YTD: 2.55%
• 6M: 2.95%
• 1Y: 6.40%
• 3Y*: 7.40%
• 5Y*: 3.69%
• 10Y*: —

DFSHX

• 1D: 0.11%
• 1M: 0.75%
• YTD: 1.62%
• 6M: 1.78%
• 1Y: 4.38%
• 3Y*: 5.18%
• 5Y*: 1.99%
• 10Y*: 2.14%

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

DGFFX vs. DFSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGFFX Destinations Global Fixed Income Opportunities Fund	2.55%	5.84%	8.04%	7.82%	-6.09%	4.91%	3.59%	6.64%	-0.35%	3.57%
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio	1.62%	4.84%	5.66%	5.55%	-6.24%	-0.82%	2.33%	4.82%	1.83%	1.21%

Correlation

The correlation between DGFFX and DFSHX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Mar 21, 2017	0.27

The correlation between DGFFX and DFSHX shifts across timeframes, from 0.23 (3 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DGFFX vs. DFSHX — Risk / Return Rank

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

DGFFX

DGFFX Risk / Return Rank: 98
DGFFX Sharpe Ratio Rank: 98
DGFFX Sortino Ratio Rank: 98
DGFFX Omega Ratio Rank: 97
DGFFX Calmar Ratio Rank: 97
DGFFX Martin Ratio Rank: 98

DFSHX

DFSHX Risk / Return Rank: 86
DFSHX Sharpe Ratio Rank: 88
DFSHX Sortino Ratio Rank: 92
DFSHX Omega Ratio Rank: 95
DFSHX Calmar Ratio Rank: 76
DFSHX Martin Ratio Rank: 78

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.

DGFFX vs. DFSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destinations Global Fixed Income Opportunities Fund (DGFFX) and DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX). 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.

	DGFFX	DFSHX	Difference
Sharpe ratio: Return per unit of total volatility	4.04	2.90	+1.14
Sortino ratio: Return per unit of downside risk	6.47	4.58	+1.90
Omega ratio: Gain probability vs. loss probability	2.02	1.81	+0.21
Calmar ratio: Return relative to maximum drawdown	6.93	3.44	+3.48
Martin ratio: Return relative to average drawdown	31.39	14.63	+16.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGFFX vs. DFSHX - Sharpe Ratio Comparison

The current DGFFX Sharpe Ratio is 4.04, which is higher than the DFSHX Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of DGFFX and DFSHX, 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

	DGFFX	DFSHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.04	2.90	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.60	0.60	+1.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	0.49	+1.04

Drawdowns

DGFFX vs. DFSHX - Drawdown Comparison

The maximum DGFFX drawdown since its inception was -12.69%, which is greater than DFSHX's maximum drawdown of -9.58%. Use the drawdown chart below to compare losses from any high point for DGFFX and DFSHX.

Drawdown Indicators

	DGFFX	DFSHX	Difference
Max Drawdown Largest peak-to-trough decline	-12.69%	-9.58%	-3.11%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	-1.28%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-3.38%	-4.18%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-8.17%	-9.58%	+1.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.58%	—
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-1.33%	-2.29%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.30%	+0.40%

Volatility

DGFFX vs. DFSHX - Volatility Comparison

Destinations Global Fixed Income Opportunities Fund (DGFFX) and DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX) have volatilities of 0.68% and 0.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGFFX	DFSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	0.70%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.48%	1.36%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	2.05%	1.52%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.42%	3.37%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.60%	2.65%	-0.05%

DGFFX vs. DFSHX - Expense Ratio Comparison

DGFFX has a 0.99% expense ratio, which is higher than DFSHX's 0.16% expense ratio.

Dividends

DGFFX vs. DFSHX - Dividend Comparison

DGFFX's dividend yield for the trailing twelve months is around 6.24%, more than DFSHX's 4.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio	4.19%	4.26%	4.50%	3.90%	0.04%	1.77%	0.03%	2.52%	3.23%	1.75%	1.63%	1.11%
DGFFX Destinations Global Fixed Income Opportunities Fund	6.24%	5.52%	6.81%	4.95%	3.37%	4.14%	4.22%	4.18%	3.79%	2.94%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGFFX and DFSHX in my portfolio?

DGFFX and DFSHX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGFFX or DFSHX?

DFSHX has higher volatility (0.70%) compared to DGFFX (0.68%). In terms of maximum drawdown, DGFFX dropped -12.69% vs DFSHX's -9.58%.

Which has better risk-adjusted returns?

DGFFX currently has the higher Sharpe Ratio (4.04 vs 2.90), 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.