MGBLX vs. DFGBX
MGBLX (MFS Global Opportunistic Bond Fund Class R2) and DFGBX (DFA Five Year Global Fixed Income Portfolio) are both Global Bonds funds. Over the past 10 years, MGBLX returned 1.27%/yr vs 1.21%/yr for DFGBX. Their 0.42 correlation means their historical movements had little consistent relationship. MGBLX charges 1.19%/yr vs 0.23%/yr for DFGBX.
Performance
MGBLX vs. DFGBX - Performance Comparison
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Returns By Period
In the year-to-date period, MGBLX achieves a -0.55% return, which is significantly lower than DFGBX's 1.50% return. Both investments have delivered pretty close results over the past 10 years, with MGBLX having a 1.27% annualized return and DFGBX not far behind at 1.21%.
MGBLX
- 1D
- 0.00%
- 1M
- -1.35%
- 6M
- -1.06%
- YTD
- -0.55%
- 1Y
- 1.65%
- 3Y*
- 3.71%
- 5Y*
- -0.02%
- 10Y*
- 1.27%
- ALL TIME*
- 1.37%
DFGBX
- 1D
- 0.00%
- 1M
- -0.30%
- 6M
- 1.00%
- YTD
- 1.50%
- 1Y
- 3.14%
- 3Y*
- 4.11%
- 5Y*
- 1.16%
- 10Y*
- 1.21%
- ALL TIME*
- 15.58%
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 |
MGBLX vs. DFGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGBLX MFS Global Opportunistic Bond Fund Class R2 | -0.55% | 5.38% | 1.81% | 7.69% | -11.57% | -3.48% | 10.52% | 7.91% | -2.66% | 7.22% |
DFGBX DFA Five Year Global Fixed Income Portfolio | 1.50% | 3.13% | 5.37% | 5.00% | -6.63% | -1.03% | 1.52% | 4.04% | 1.68% | 0.88% |
Correlation
The correlation between MGBLX and DFGBX is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 0.42 |
Over the past year, MGBLX and DFGBX have become more correlated (0.70) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
MGBLX vs. DFGBX — Risk / Return Rank
MGBLX
DFGBX
MGBLX vs. DFGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Opportunistic Bond Fund Class R2 (MGBLX) and DFA Five Year Global Fixed Income Portfolio (DFGBX). 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.
| MGBLX | DFGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.53 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.37 | -1.71 |
| Martin ratioReturn relative to average drawdown | 1.76 | 8.15 | -6.39 |
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Drawdowns
MGBLX vs. DFGBX - Drawdown Comparison
The maximum MGBLX drawdown since its inception was -18.71%, which is greater than DFGBX's maximum drawdown of -9.63%. Use the drawdown chart below to compare losses from any high point for MGBLX and DFGBX.
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Drawdown Indicators
| MGBLX | DFGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -9.63% | -9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -1.38% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -4.72% | -1.67% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -9.63% | -7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -18.71% | -9.63% | -9.08% |
Current DrawdownCurrent decline from peak | -2.29% | -0.30% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -0.93% | -5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.40% | +0.82% |
Volatility
MGBLX vs. DFGBX - Volatility Comparison
MFS Global Opportunistic Bond Fund Class R2 (MGBLX) has a higher volatility of 0.91% compared to DFA Five Year Global Fixed Income Portfolio (DFGBX) at 0.51%. This indicates that MGBLX's price experiences larger fluctuations and is considered to be riskier than DFGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGBLX | DFGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.51% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 1.41% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 1.55% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.32% | 2.18% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 1.92% | +2.72% |
MGBLX vs. DFGBX - Expense Ratio Comparison
MGBLX has a 1.19% expense ratio, which is higher than DFGBX's 0.23% expense ratio.
Dividends
MGBLX vs. DFGBX - Dividend Comparison
MGBLX's dividend yield for the trailing twelve months is around 4.06%, less than DFGBX's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFGBX DFA Five Year Global Fixed Income Portfolio | 4.61% | 2.91% | 4.69% | 3.61% | 1.63% | 0.73% | 0.03% | 2.30% | 4.74% | 0.89% | 1.16% | 1.72% |
MGBLX MFS Global Opportunistic Bond Fund Class R2 | 4.06% | 4.01% | 2.53% | 1.55% | 2.99% | 4.72% | 3.15% | 1.81% | 1.66% | 1.08% | 1.15% | 1.63% |
Frequently Asked Questions
MGBLX and DFGBX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGBLX has higher volatility (0.91%) compared to DFGBX (0.51%). In terms of maximum drawdown, MGBLX dropped -18.71% vs DFGBX's -9.63%.
DFGBX currently has the higher Sharpe Ratio (2.11 vs 0.63), 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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