LSGBX vs. DFSHX

Last updated Jun 23, 2026

LSGBX (Loomis Sayles Global Bond Fund) and DFSHX (DFA Selectively Hedged Global Fixed Income Portfolio) are both Global Bonds funds. Over the past 10 years, LSGBX returned 0.79%/yr vs 2.06%/yr for DFSHX. A 0.59 correlation means they provide meaningful diversification when combined. LSGBX charges 0.69%/yr vs 0.16%/yr for DFSHX.

Performance

LSGBX vs. DFSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Global Bond Fund (LSGBX) and DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSGBX achieves a -0.26% return, which is significantly lower than DFSHX's 1.41% return. Over the past 10 years, LSGBX has underperformed DFSHX with an annualized return of 0.79%, while DFSHX has yielded a comparatively higher 2.06% annualized return.

LSGBX

• 1D: -0.13%
• 1M: 0.32%
• YTD: -0.26%
• 6M: 0.13%
• 1Y: 1.82%
• 3Y*: 3.13%
• 5Y*: -2.02%
• 10Y*: 0.79%

DFSHX

• 1D: 0.00%
• 1M: 0.11%
• YTD: 1.41%
• 6M: 1.63%
• 1Y: 3.83%
• 3Y*: 5.10%
• 5Y*: 1.97%
• 10Y*: 2.06%

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

LSGBX vs. DFSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSGBX Loomis Sayles Global Bond Fund	-0.26%	8.52%	-2.46%	5.48%	-17.18%	-4.94%	13.49%	7.52%	-2.49%	8.87%
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio	1.41%	4.84%	5.66%	5.55%	-6.24%	-0.82%	2.33%	4.82%	1.83%	2.61%

Correlation

The correlation between LSGBX and DFSHX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.60

The correlation between LSGBX and DFSHX shifts across timeframes, from 0.40 (3 years) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LSGBX vs. DFSHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LSGBX

LSGBX Risk / Return Rank: 6
LSGBX Sharpe Ratio Rank: 6
LSGBX Sortino Ratio Rank: 5
LSGBX Omega Ratio Rank: 5
LSGBX Calmar Ratio Rank: 6
LSGBX Martin Ratio Rank: 6

DFSHX

DFSHX Risk / Return Rank: 81
DFSHX Sharpe Ratio Rank: 83
DFSHX Sortino Ratio Rank: 87
DFSHX Omega Ratio Rank: 92
DFSHX Calmar Ratio Rank: 71
DFSHX Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSGBX vs. DFSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Global Bond Fund (LSGBX) 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.

	LSGBX	DFSHX	Difference
Sharpe ratio: Return per unit of total volatility	0.39	2.50	-2.11
Sortino ratio: Return per unit of downside risk	0.61	3.84	-3.23
Omega ratio: Gain probability vs. loss probability	1.07	1.65	-0.58
Calmar ratio: Return relative to maximum drawdown	0.54	3.09	-2.56
Martin ratio: Return relative to average drawdown	1.34	12.73	-11.38

LSGBX vs. DFSHX - Sharpe Ratio Comparison

The current LSGBX Sharpe Ratio is 0.39, which is lower than the DFSHX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of LSGBX and DFSHX, 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

LSGBX vs. DFSHX - Drawdown Comparison

The maximum LSGBX drawdown since its inception was -26.86%, which is greater than DFSHX's maximum drawdown of -9.58%. Use the drawdown chart below to compare losses from any high point for LSGBX and DFSHX.

Drawdown Indicators

	LSGBX	DFSHX	Difference
Max Drawdown Largest peak-to-trough decline	-26.86%	-9.58%	-17.28%
Max Drawdown (1Y) Largest decline over 1 year	-4.05%	-1.28%	-2.77%
Max Drawdown (3Y) Largest decline over 3 years	-7.42%	-4.18%	-3.24%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-9.58%	-15.66%
Max Drawdown (10Y) Largest decline over 10 years	-26.86%	-9.58%	-17.28%
Current Drawdown Current decline from peak	-12.57%	-0.32%	-12.25%
Average Drawdown Average peak-to-trough decline	-4.81%	-2.28%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	0.31%	+1.21%

Volatility

LSGBX vs. DFSHX - Volatility Comparison

Loomis Sayles Global Bond Fund (LSGBX) has a higher volatility of 1.44% compared to DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX) at 0.69%. This indicates that LSGBX's price experiences larger fluctuations and is considered to be riskier than DFSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSGBX	DFSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	0.69%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	3.90%	1.42%	+2.48%
Volatility (1Y) Calculated over the trailing 1-year period	5.55%	1.59%	+3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.65%	3.37%	+3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	2.65%	+3.15%

LSGBX vs. DFSHX - Expense Ratio Comparison

LSGBX has a 0.69% expense ratio, which is higher than DFSHX's 0.16% expense ratio.

Dividends

LSGBX vs. DFSHX - Dividend Comparison

LSGBX's dividend yield for the trailing twelve months is around 0.11%, less than DFSHX's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio	4.20%	4.26%	4.50%	3.90%	0.04%	1.77%	0.03%	2.52%	3.23%	1.75%	1.63%	1.11%
LSGBX Loomis Sayles Global Bond Fund	0.11%	0.11%	0.00%	0.00%	0.00%	4.31%	4.94%	1.75%	0.66%	0.28%	0.43%	0.00%

Frequently Asked Questions

Can I hold both LSGBX and DFSHX in my portfolio?

LSGBX and DFSHX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSGBX or DFSHX?

LSGBX has higher volatility (1.44%) compared to DFSHX (0.69%). In terms of maximum drawdown, LSGBX dropped -26.86% vs DFSHX's -9.58%.

Which has better risk-adjusted returns?

DFSHX currently has the higher Sharpe Ratio (2.50 vs 0.39), 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.