GTIP vs. DFCF
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and DFCF (Dimensional Core Fixed Income ETF) are both exchange-traded funds - GTIP is a Inflation-Protected Bonds fund tracking the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while DFCF is a Intermediate Core Bond fund actively managed by Dimensional. GTIP is passively managed, while DFCF is actively managed. Over the past 3 years, GTIP returned 4.01%/yr vs 4.79%/yr for DFCF. A 0.78 correlation means they provide meaningful diversification when combined. GTIP charges 0.12%/yr vs 0.17%/yr for DFCF.
Performance
GTIP vs. DFCF - Performance Comparison
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Returns By Period
In the year-to-date period, GTIP achieves a 1.70% return, which is significantly higher than DFCF's 0.37% return.
GTIP
- 1D
- -0.08%
- 1M
- 0.04%
- YTD
- 1.70%
- 6M
- 1.11%
- 1Y
- 5.10%
- 3Y*
- 4.01%
- 5Y*
- 1.09%
- 10Y*
- —
DFCF
- 1D
- -0.19%
- 1M
- 0.32%
- YTD
- 0.37%
- 6M
- 0.21%
- 1Y
- 5.78%
- 3Y*
- 4.79%
- 5Y*
- —
- 10Y*
- —
GTIP vs. DFCF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.70% | 6.63% | 2.04% | 3.88% | -12.14% | -0.09% |
DFCF Dimensional Core Fixed Income ETF | 0.37% | 7.89% | 1.86% | 6.94% | -14.48% | 0.23% |
Correlation
The correlation between GTIP and DFCF is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.78 |
The correlation between GTIP and DFCF has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
GTIP vs. DFCF — Risk / Return Rank
GTIP
DFCF
GTIP vs. DFCF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and Dimensional Core Fixed Income ETF (DFCF). 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.
| GTIP | DFCF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.08 | +0.46 |
| Martin ratioReturn relative to average drawdown | 8.00 | 6.32 | +1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTIP | DFCF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.46 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.04 | +0.52 |
Drawdowns
GTIP vs. DFCF - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, smaller than the maximum DFCF drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for GTIP and DFCF.
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Drawdown Indicators
| GTIP | DFCF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -19.56% | +5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -2.79% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -5.05% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -1.46% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -8.04% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.92% | -0.28% |
Volatility
GTIP vs. DFCF - Volatility Comparison
The current volatility for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is 0.97%, while Dimensional Core Fixed Income ETF (DFCF) has a volatility of 1.36%. This indicates that GTIP experiences smaller price fluctuations and is considered to be less risky than DFCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTIP | DFCF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.36% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.90% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.99% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 6.46% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 6.46% | -0.45% |
GTIP vs. DFCF - Expense Ratio Comparison
GTIP has a 0.12% expense ratio, which is lower than DFCF's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GTIP vs. DFCF - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.69%, more than DFCF's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DFCF Dimensional Core Fixed Income ETF | 4.31% | 4.48% | 4.61% | 4.51% | 3.27% | 0.16% | 0.00% | 0.00% | 0.00% |
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.69% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% |
Frequently Asked Questions
GTIP and DFCF have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFCF has higher volatility (1.36%) compared to GTIP (0.97%). In terms of maximum drawdown, GTIP dropped -14.31% vs DFCF's -19.56%.
On 3-year performance, DFCF leads with 4.79% vs 4.01% for GTIP. On fees, GTIP is cheaper at 0.12% per year. On volatility, GTIP has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFCF has performed better with a 4.79% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GTIP is cheaper with a 0.12% expense ratio, compared with 0.17% for DFCF.
GTIP has the higher dividend yield at 4.69%, compared with 4.31% for DFCF.
GTIP is categorized as Inflation-Protected Bonds, while DFCF is Intermediate Core Bond. They also come from different issuers: Goldman Sachs and Dimensional. Their fees differ too: 0.12% for GTIP and 0.17% for DFCF.
GTIP currently has the higher Sharpe Ratio (1.53 vs 1.46), 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.
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