MGBJX vs. DFSHX
MGBJX (MFS Global Opportunistic Bond Fund) and DFSHX (DFA Selectively Hedged Global Fixed Income Portfolio) are both Global Bonds funds. Over the past 10 years, MGBJX returned 1.76%/yr vs 1.99%/yr for DFSHX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. MGBJX charges 0.68%/yr vs 0.16%/yr for DFSHX.
Performance
MGBJX vs. DFSHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGBJX achieves a -0.42% return, which is significantly lower than DFSHX's 1.62% return. Over the past 10 years, MGBJX has underperformed DFSHX with an annualized return of 1.76%, while DFSHX has yielded a comparatively higher 1.99% annualized return.
MGBJX
- 1D
- 0.00%
- 1M
- -1.35%
- 6M
- -0.98%
- YTD
- -0.42%
- 1Y
- 1.99%
- 3Y*
- 4.16%
- 5Y*
- 0.43%
- 10Y*
- 1.76%
- ALL TIME*
- 1.84%
DFSHX
- 1D
- 0.21%
- 1M
- 0.11%
- 6M
- 0.97%
- YTD
- 1.62%
- 1Y
- 3.39%
- 3Y*
- 4.91%
- 5Y*
- 1.91%
- 10Y*
- 1.99%
- ALL TIME*
- 1.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MGBJX vs. DFSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGBJX MFS Global Opportunistic Bond Fund | -0.42% | 5.91% | 2.45% | 8.19% | -11.31% | -2.97% | 10.92% | 8.56% | -2.04% | 7.78% |
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio | 1.62% | 4.84% | 5.66% | 5.55% | -6.24% | -0.82% | 2.33% | 4.82% | 1.83% | 2.61% |
Correlation
The correlation between MGBJX and DFSHX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.56 |
The correlation between MGBJX and DFSHX shifts across timeframes, from 0.39 (3 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGBJX vs. DFSHX — Risk / Return Rank
MGBJX
DFSHX
MGBJX vs. DFSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Opportunistic Bond Fund (MGBJX) 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.
| MGBJX | DFSHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.52 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.75 | -1.90 |
| Martin ratioReturn relative to average drawdown | 2.33 | 10.65 | -8.32 |
Loading charts...
Drawdowns
MGBJX vs. DFSHX - Drawdown Comparison
The maximum MGBJX drawdown since its inception was -17.96%, which is greater than DFSHX's maximum drawdown of -9.58%. Use the drawdown chart below to compare losses from any high point for MGBJX and DFSHX.
Loading charts...
Drawdown Indicators
| MGBJX | DFSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.96% | -9.58% | -8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -1.28% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -4.65% | -4.18% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -9.58% | -7.09% |
Max Drawdown (10Y)Largest decline over 10 years | -17.96% | -9.58% | -8.38% |
Current DrawdownCurrent decline from peak | -2.12% | -0.11% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -2.27% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.33% | +0.82% |
Volatility
MGBJX vs. DFSHX - Volatility Comparison
MFS Global Opportunistic Bond Fund (MGBJX) has a higher volatility of 0.83% compared to DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX) at 0.58%. This indicates that MGBJX'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.
Loading charts...
Volatility by Period
| MGBJX | DFSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.58% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 1.50% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 1.65% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 3.38% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 2.64% | +2.00% |
MGBJX vs. DFSHX - Expense Ratio Comparison
MGBJX has a 0.68% expense ratio, which is higher than DFSHX's 0.16% expense ratio.
Dividends
MGBJX vs. DFSHX - Dividend Comparison
MGBJX's dividend yield for the trailing twelve months is around 4.53%, more than DFSHX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio | 4.19% | 4.26% | 4.50% | 3.90% | 0.04% | 1.77% | 0.03% | 2.52% | 3.23% | 1.75% | 1.63% | 1.11% |
MGBJX MFS Global Opportunistic Bond Fund | 4.53% | 4.50% | 3.03% | 1.99% | 3.42% | 5.25% | 3.61% | 2.29% | 2.19% | 1.59% | 1.68% | 2.18% |
Frequently Asked Questions
MGBJX and DFSHX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGBJX has higher volatility (0.83%) compared to DFSHX (0.58%). In terms of maximum drawdown, MGBJX dropped -17.96% vs DFSHX's -9.58%.
DFSHX currently has the higher Sharpe Ratio (2.14 vs 0.76), 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.
Find the right allocation for MGBJX and DFSHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer