FGBFX vs. DFGFX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Global Credit Fund (FGBFX) and DFA Two Year Global Fixed Income Portfolio (DFGFX).

FGBFX is managed by Fidelity. It was launched on May 22, 2012. DFGFX is managed by Dimensional. It was launched on Feb 8, 1996.

Performance

FGBFX vs. DFGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Global Credit Fund (FGBFX) and DFA Two Year Global Fixed Income Portfolio (DFGFX). The values are adjusted to include any dividend payments, if applicable.

FGBFX vs. DFGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGBFX Fidelity Global Credit Fund	0.00%	7.82%	8.41%	7.14%	-19.74%	-0.53%	8.25%	14.65%	-2.82%	8.90%
DFGFX DFA Two Year Global Fixed Income Portfolio	0.77%	2.89%	5.36%	4.95%	-2.62%	-0.37%	0.88%	2.87%	1.91%	0.93%

Returns By Period

FGBFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFGFX

• 1D: 0.00%
• 1M: 0.05%
• YTD: 0.77%
• 6M: 1.69%
• 1Y: 2.53%
• 3Y*: 4.23%
• 5Y*: 2.13%
• 10Y*: 1.75%

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

FGBFX vs. DFGFX - Expense Ratio Comparison

FGBFX has a 0.70% expense ratio, which is higher than DFGFX's 0.16% expense ratio.

FGBFX

Fidelity Global Credit Fund

DFGFX

DFA Two Year Global Fixed Income Portfolio

Return for Risk

FGBFX vs. DFGFX — Risk / Return Rank

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

DFGFX

DFGFX Risk / Return Rank: 76
DFGFX Sharpe Ratio Rank: 84
DFGFX Sortino Ratio Rank: 67
DFGFX Omega Ratio Rank: 99
DFGFX Calmar Ratio Rank: 75
DFGFX Martin Ratio Rank: 56

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.

FGBFX vs. DFGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Credit Fund (FGBFX) and DFA Two Year Global Fixed Income Portfolio (DFGFX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FGBFX	DFGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.27	—

Correlation

The correlation between FGBFX and DFGFX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FGBFX vs. DFGFX - Dividend Comparison

FGBFX's dividend yield for the trailing twelve months is around 3.04%, less than DFGFX's 3.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGBFX Fidelity Global Credit Fund	3.04%	3.04%	3.68%	3.69%	6.53%	2.53%	3.69%	3.73%	2.67%	1.98%	2.98%	2.72%
DFGFX DFA Two Year Global Fixed Income Portfolio	3.12%	2.67%	4.77%	3.19%	1.17%	0.23%	0.57%	2.24%	2.21%	1.54%	0.65%	0.02%

Drawdowns

Drawdown Indicators

	FGBFX	DFGFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-4.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-4.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-4.00%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.23%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.46%	—

Volatility

Volatility by Period

	FGBFX	DFGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.56%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.36%	—