DGSIX vs. ABALX
Compare and contrast key facts about DFA Global Allocation 60/40 Portfolio (DGSIX) and American Funds American Balanced Fund Class A (ABALX).
DGSIX is managed by Dimensional Fund Advisors LP. It was launched on Dec 23, 2003. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGSIX or ABALX.
Key characteristics
| DGSIX | ABALX | |
|---|---|---|
| YTD Return | 12.56% | 15.10% |
| 1Y Return | 18.60% | 22.22% |
| 3Y Return (Ann) | 4.34% | 5.31% |
| 5Y Return (Ann) | 8.05% | 8.67% |
| 10Y Return (Ann) | 6.86% | 8.36% |
| Sharpe Ratio | 2.58 | 2.65 |
| Sortino Ratio | 3.68 | 3.76 |
| Omega Ratio | 1.49 | 1.50 |
| Calmar Ratio | 3.86 | 3.84 |
| Martin Ratio | 17.33 | 18.06 |
| Ulcer Index | 1.08% | 1.22% |
| Daily Std Dev | 7.25% | 8.33% |
| Max Drawdown | -38.20% | -39.31% |
| Current Drawdown | -0.97% | -1.33% |
Correlation
The correlation between DGSIX and ABALX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DGSIX vs. ABALX - Performance Comparison
In the year-to-date period, DGSIX achieves a 12.56% return, which is significantly lower than ABALX's 15.10% return. Over the past 10 years, DGSIX has underperformed ABALX with an annualized return of 6.86%, while ABALX has yielded a comparatively higher 8.36% annualized 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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DGSIX vs. ABALX - Expense Ratio Comparison
DGSIX has a 0.24% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
DGSIX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Global Allocation 60/40 Portfolio (DGSIX) and American Funds American Balanced Fund Class A (ABALX). 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
DGSIX vs. ABALX - Dividend Comparison
DGSIX's dividend yield for the trailing twelve months is around 2.52%, more than ABALX's 2.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGSIX DFA Global Allocation 60/40 Portfolio | 2.52% | 2.55% | 1.69% | 1.69% | 1.20% | 1.94% | 2.60% | 1.82% | 1.88% | 1.92% | 1.98% | 1.62% |
ABALX American Funds American Balanced Fund Class A | 2.15% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% | 1.54% |
Drawdowns
DGSIX vs. ABALX - Drawdown Comparison
The maximum DGSIX drawdown since its inception was -38.20%, roughly equal to the maximum ABALX drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for DGSIX and ABALX. For additional features, visit the drawdowns tool.
Volatility
DGSIX vs. ABALX - Volatility Comparison
The current volatility for DFA Global Allocation 60/40 Portfolio (DGSIX) is 2.09%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 2.31%. This indicates that DGSIX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.