IBND vs. DGCFX
Compare and contrast key facts about SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and DFA Global Core Plus Fixed Income Portfolio (DGCFX).
IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010. DGCFX is managed by Dimensional Fund Advisors LP. It was launched on Jan 10, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBND or DGCFX.
Performance
IBND vs. DGCFX - Performance Comparison
Returns By Period
In the year-to-date period, IBND achieves a -0.79% return, which is significantly lower than DGCFX's 3.54% return.
IBND
-0.79%
-2.76%
0.99%
4.42%
-1.62%
-1.00%
DGCFX
3.54%
-0.97%
3.54%
8.91%
0.42%
N/A
Key characteristics
| IBND | DGCFX | |
|---|---|---|
| Sharpe Ratio | 0.57 | 2.00 |
| Sortino Ratio | 0.85 | 3.00 |
| Omega Ratio | 1.10 | 1.36 |
| Calmar Ratio | 0.19 | 0.64 |
| Martin Ratio | 1.44 | 9.11 |
| Ulcer Index | 3.09% | 0.99% |
| Daily Std Dev | 7.86% | 4.52% |
| Max Drawdown | -35.63% | -21.77% |
| Current Drawdown | -19.57% | -6.30% |
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IBND vs. DGCFX - Expense Ratio Comparison
IBND has a 0.50% expense ratio, which is higher than DGCFX's 0.25% expense ratio.
Correlation
The correlation between IBND and DGCFX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IBND vs. DGCFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and DFA Global Core Plus Fixed Income Portfolio (DGCFX). 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.
Dividends
IBND vs. DGCFX - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.54%, less than DGCFX's 5.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.54% | 2.08% | 0.54% | 0.37% | 0.45% | 0.67% | 0.70% | 0.34% | 0.01% | 0.01% | 1.66% | 1.24% |
DGCFX DFA Global Core Plus Fixed Income Portfolio | 5.07% | 4.04% | 2.26% | 1.68% | 1.55% | 1.92% | 6.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBND vs. DGCFX - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.63%, which is greater than DGCFX's maximum drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for IBND and DGCFX. For additional features, visit the drawdowns tool.
Volatility
IBND vs. DGCFX - Volatility Comparison
SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 2.36% compared to DFA Global Core Plus Fixed Income Portfolio (DGCFX) at 0.97%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier than DGCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.