GOBSX vs. DFGFX

Last updated Aug 1, 2026

GOBSX (BrandywineGLOBAL - Global Opportunities Bond Fund) and DFGFX (DFA Two Year Global Fixed Income Portfolio) are both Global Bonds funds. Over the past 10 years, GOBSX returned 1.00%/yr vs 1.86%/yr for DFGFX. Their 0.18 correlation means their historical movements had little consistent relationship. GOBSX charges 0.56%/yr vs 0.16%/yr for DFGFX.

Performance

GOBSX vs. DFGFX - Performance Comparison

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

Returns By Period

In the year-to-date period, GOBSX achieves a 2.45% return, which is significantly higher than DFGFX's 2.15% return. Over the past 10 years, GOBSX has underperformed DFGFX with an annualized return of 1.00%, while DFGFX has yielded a comparatively higher 1.86% annualized return.

GOBSX

• 1D: 0.68%
• 1M: 0.91%
• 6M: 0.31%
• YTD: 2.45%
• 1Y: 4.03%
• 3Y*: 2.55%
• 5Y*: -1.49%
• 10Y*: 1.00%
• ALL TIME*: 3.50%

DFGFX

• 1D: 0.10%
• 1M: 0.10%
• 6M: 1.73%
• YTD: 2.15%
• 1Y: 3.93%
• 3Y*: 4.27%
• 5Y*: 2.41%
• 10Y*: 1.86%
• ALL TIME*: 2.72%

*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)
DFGFX DFA Two Year Global Fixed Income Portfolio	$0.00	$0.00	$0.00
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund	$0.00	$0.00	$0.00

GOBSX vs. DFGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund	2.45%	13.59%	-9.38%	7.42%	-15.66%	-5.27%	12.66%	9.21%	-5.59%	11.51%
DFGFX DFA Two Year Global Fixed Income Portfolio	2.15%	2.89%	5.36%	4.95%	-2.62%	-0.37%	0.88%	2.87%	1.91%	0.93%

Correlation

The correlation between GOBSX and DFGFX is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (3Y) Balances recent behavior with more history.	0.07
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (10Y) Provides a long-term view across more market conditions.	0.20
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.18

The correlation between GOBSX and DFGFX shifts across timeframes, from 0.07 (3 years) to 0.26 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GOBSX vs. DFGFX — Risk / Return Rank

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

GOBSX

GOBSX Risk / Return Rank: 21
GOBSX Sharpe Ratio Rank: 21
GOBSX Sortino Ratio Rank: 22
GOBSX Omega Ratio Rank: 21
GOBSX Calmar Ratio Rank: 22
GOBSX Martin Ratio Rank: 20

DFGFX

DFGFX Risk / Return Rank: 100
DFGFX Sharpe Ratio Rank: 100
DFGFX Sortino Ratio Rank: 100
DFGFX Omega Ratio Rank: 100
DFGFX Calmar Ratio Rank: 100
DFGFX Martin Ratio Rank: 100

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.

GOBSX vs. DFGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) 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.

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.

	GOBSX	DFGFX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	5.49	-4.71
Sortino ratio: Return per unit of downside risk	1.18	12.65	-11.47
Omega ratio: Gain probability vs. loss probability	1.14	5.16	-4.01
Calmar ratio: Return relative to maximum drawdown	1.05	19.38	-18.33
Martin ratio: Return relative to average drawdown	2.79	133.79	-131.00

GOBSX vs. DFGFX - Sharpe Ratio Comparison

The current GOBSX Sharpe Ratio is 0.78, which is lower than the DFGFX Sharpe Ratio of 5.49. The chart below compares the historical Sharpe Ratios of GOBSX and DFGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOBSX vs. DFGFX - Drawdown Comparison

The maximum GOBSX drawdown since its inception was -29.04%, which is greater than DFGFX's maximum drawdown of -4.00%. Use the drawdown chart below to compare losses from any high point for GOBSX and DFGFX.

Drawdown Indicators

	GOBSX	DFGFX	Difference
Max Drawdown Largest peak-to-trough decline	-29.04%	-4.00%	-25.04%
Max Drawdown (1Y) Largest decline over 1 year	-5.10%	-0.20%	-4.90%
Max Drawdown (3Y) Largest decline over 3 years	-11.88%	-2.12%	-9.76%
Max Drawdown (5Y) Largest decline over 5 years	-27.47%	-4.00%	-23.47%
Max Drawdown (10Y) Largest decline over 10 years	-29.04%	-4.00%	-25.04%
Current Drawdown Current decline from peak	-9.86%	0.00%	-9.86%
Average Drawdown Average peak-to-trough decline	-6.74%	-0.23%	-6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	0.03%	+1.88%

Volatility

GOBSX vs. DFGFX - Volatility Comparison

BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) has a higher volatility of 1.44% compared to DFA Two Year Global Fixed Income Portfolio (DFGFX) at 0.29%. This indicates that GOBSX's price experiences larger fluctuations and is considered to be riskier than DFGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOBSX	DFGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	0.29%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	5.57%	0.59%	+4.98%
Volatility (1Y) Calculated over the trailing 1-year period	6.89%	0.73%	+6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.30%	1.82%	+7.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.45%	1.35%	+7.10%

GOBSX vs. DFGFX - Expense Ratio Comparison

GOBSX has a 0.56% expense ratio, which is higher than DFGFX's 0.16% expense ratio.

Dividends

GOBSX vs. DFGFX - Dividend Comparison

GOBSX's dividend yield for the trailing twelve months is around 5.18%, more than DFGFX's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFGFX DFA Two Year Global Fixed Income Portfolio	4.16%	2.67%	4.77%	3.19%	1.17%	0.23%	0.57%	2.24%	2.21%	1.54%	0.65%	0.02%
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund	5.18%	4.28%	3.80%	0.09%	6.70%	2.30%	0.31%	1.56%	3.15%	3.68%	1.87%	2.61%

Frequently Asked Questions

Can I hold both GOBSX and DFGFX in my portfolio?

GOBSX and DFGFX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOBSX or DFGFX?

GOBSX has higher volatility (1.44%) compared to DFGFX (0.29%). In terms of maximum drawdown, GOBSX dropped -29.04% vs DFGFX's -4.00%.

Which has better risk-adjusted returns?

DFGFX currently has the higher Sharpe Ratio (5.49 vs 0.78), 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.