FGBYX vs. DFSHX

Last updated Aug 1, 2026

FGBYX (Fidelity Advisor Global Credit Fund Class C) and DFSHX (DFA Selectively Hedged Global Fixed Income Portfolio) are both Global Bonds funds. Their 0.58 correlation means they have sometimes moved together and sometimes differently. FGBYX charges 1.70%/yr vs 0.16%/yr for DFSHX.

Performance

FGBYX vs. DFSHX - Performance Comparison

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

Returns By Period

FGBYX

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

DFSHX

• 1D: 0.21%
• 1M: 0.11%
• 6M: 0.97%
• YTD: 1.62%
• 1Y: 3.39%
• 3Y*: 4.91%
• 5Y*: 1.91%
• 10Y*: 1.99%
• ALL TIME*: 1.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio	$0.00	$0.00	$0.00

FGBYX vs. DFSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGBYX Fidelity Advisor Global Credit Fund Class C	0.00%	6.94%	7.36%	5.92%	-20.47%	-1.50%	7.23%	13.34%	-3.63%	7.71%
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%	2.61%

Correlation

The correlation between FGBYX and DFSHX is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (5Y) Shows whether the relationship held over a longer period.	0.50
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.58

Over the past year, the correlation between FGBYX and DFSHX has dropped to 0.13 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

FGBYX vs. DFSHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGBYX

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

DFSHX

DFSHX Risk / Return Rank: 87
DFSHX Sharpe Ratio Rank: 87
DFSHX Sortino Ratio Rank: 88
DFSHX Omega Ratio Rank: 92
DFSHX Calmar Ratio Rank: 83
DFSHX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FGBYX vs. DFSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Credit Fund Class C (FGBYX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FGBYX	DFSHX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.14	—
Sortino ratio: Return per unit of downside risk	—	3.25	—
Omega ratio: Gain probability vs. loss probability	—	1.52	—
Calmar ratio: Return relative to maximum drawdown	—	2.75	—
Martin ratio: Return relative to average drawdown	—	10.65	—

Drawdowns

Drawdown Indicators

	FGBYX	DFSHX	Difference
Max Drawdown Largest peak-to-trough decline	—	-9.58%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-9.58%	—
Current Drawdown Current decline from peak	—	-0.11%	—
Average Drawdown Average peak-to-trough decline	—	-2.27%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.33%	—

Volatility

Volatility by Period

	FGBYX	DFSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.65%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.38%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	2.64%	—

FGBYX vs. DFSHX - Expense Ratio Comparison

FGBYX has a 1.70% expense ratio, which is higher than DFSHX's 0.16% expense ratio.

Dividends

FGBYX vs. DFSHX - Dividend Comparison

FGBYX's dividend yield for the trailing twelve months is around 0.84%, less 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%
FGBYX Fidelity Advisor Global Credit Fund Class C	0.84%	2.35%	2.71%	2.71%	5.37%	1.53%	2.76%	2.71%	1.47%	1.00%	2.13%	1.66%

Frequently Asked Questions

Can I hold both FGBYX and DFSHX in my portfolio?

FGBYX and DFSHX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.