IAGG vs. DGCB
Compare and contrast key facts about iShares Core International Aggregate Bond ETF (IAGG) and Dimensional Global Credit ETF (DGCB).
IAGG and DGCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAGG is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. It was launched on Nov 10, 2015. DGCB is an actively managed fund by Dimensional. It was launched on Nov 7, 2023.
Performance
IAGG vs. DGCB - Performance Comparison
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IAGG vs. DGCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IAGG iShares Core International Aggregate Bond ETF | 0.27% | 3.26% | 4.51% | 4.33% |
DGCB Dimensional Global Credit ETF | -0.19% | 6.68% | 3.80% | 6.14% |
Returns By Period
In the year-to-date period, IAGG achieves a 0.27% return, which is significantly higher than DGCB's -0.19% return.
IAGG
- 1D
- 0.46%
- 1M
- -1.61%
- YTD
- 0.27%
- 6M
- 0.89%
- 1Y
- 3.40%
- 3Y*
- 4.48%
- 5Y*
- 0.97%
- 10Y*
- 2.23%
DGCB
- 1D
- 0.68%
- 1M
- -2.04%
- YTD
- -0.19%
- 6M
- 0.41%
- 1Y
- 4.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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IAGG vs. DGCB - Expense Ratio Comparison
IAGG has a 0.07% expense ratio, which is lower than DGCB's 0.20% 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%.
Return for Risk
IAGG vs. DGCB — Risk / Return Rank
IAGG
DGCB
IAGG vs. DGCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core International Aggregate Bond ETF (IAGG) and Dimensional Global Credit ETF (DGCB). 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.
| IAGG | DGCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.06 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.48 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.60 | -0.12 |
Martin ratioReturn relative to average drawdown | 6.38 | 5.56 | +0.82 |
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
| IAGG | DGCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.06 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.45 | -0.83 |
Correlation
The correlation between IAGG and DGCB is 0.80, 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.
Dividends
IAGG vs. DGCB - Dividend Comparison
IAGG's dividend yield for the trailing twelve months is around 3.29%, more than DGCB's 2.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAGG iShares Core International Aggregate Bond ETF | 3.29% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
DGCB Dimensional Global Credit ETF | 2.85% | 3.43% | 4.72% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IAGG vs. DGCB - Drawdown Comparison
The maximum IAGG drawdown since its inception was -13.88%, which is greater than DGCB's maximum drawdown of -3.50%. Use the drawdown chart below to compare losses from any high point for IAGG and DGCB.
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Drawdown Indicators
| IAGG | DGCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -3.50% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.08% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -13.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.88% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -2.04% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -0.77% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.88% | -0.34% |
Volatility
IAGG vs. DGCB - Volatility Comparison
The current volatility for iShares Core International Aggregate Bond ETF (IAGG) is 1.47%, while Dimensional Global Credit ETF (DGCB) has a volatility of 2.15%. This indicates that IAGG experiences smaller price fluctuations and is considered to be less risky than DGCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAGG | DGCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 2.15% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 2.72% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 4.49% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 4.82% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 4.82% | -0.79% |