PGGIX vs. DFGBX
PGGIX (Putnam Global Income Trust) and DFGBX (DFA Five Year Global Fixed Income Portfolio) are both Global Bonds funds. Over the past 10 years, PGGIX returned 0.35%/yr vs 1.21%/yr for DFGBX. Their 0.38 correlation means their historical movements had little consistent relationship. PGGIX charges 0.91%/yr vs 0.23%/yr for DFGBX.
Performance
PGGIX vs. DFGBX - Performance Comparison
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Returns By Period
In the year-to-date period, PGGIX achieves a -0.40% return, which is significantly lower than DFGBX's 1.50% return. Over the past 10 years, PGGIX has underperformed DFGBX with an annualized return of 0.35%, while DFGBX has yielded a comparatively higher 1.21% annualized return.
PGGIX
- 1D
- 0.30%
- 1M
- -0.72%
- 6M
- -0.77%
- YTD
- -0.40%
- 1Y
- 1.27%
- 3Y*
- 3.15%
- 5Y*
- -1.90%
- 10Y*
- 0.35%
- ALL TIME*
- 4.24%
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 |
PGGIX vs. DFGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGGIX Putnam Global Income Trust | -0.40% | 6.27% | -0.26% | 5.27% | -15.05% | -6.38% | 5.93% | 9.35% | -2.36% | 7.24% |
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 PGGIX and DFGBX is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 1990 | 0.38 |
Over the past year, PGGIX and DFGBX have become more correlated (0.66) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
PGGIX vs. DFGBX — Risk / Return Rank
PGGIX
DFGBX
PGGIX vs. DFGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Income Trust (PGGIX) 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.
| PGGIX | DFGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.53 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.37 | -1.74 |
| Martin ratioReturn relative to average drawdown | 1.59 | 8.15 | -6.56 |
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Drawdowns
PGGIX vs. DFGBX - Drawdown Comparison
The maximum PGGIX drawdown since its inception was -26.81%, which is greater than DFGBX's maximum drawdown of -9.63%. Use the drawdown chart below to compare losses from any high point for PGGIX and DFGBX.
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Drawdown Indicators
| PGGIX | DFGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.81% | -9.63% | -17.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -1.38% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -5.60% | -1.67% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -9.63% | -13.70% |
Max Drawdown (10Y)Largest decline over 10 years | -25.24% | -9.63% | -15.61% |
Current DrawdownCurrent decline from peak | -11.75% | -0.30% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -0.93% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.40% | +0.84% |
Volatility
PGGIX vs. DFGBX - Volatility Comparison
Putnam Global Income Trust (PGGIX) has a higher volatility of 0.94% compared to DFA Five Year Global Fixed Income Portfolio (DFGBX) at 0.51%. This indicates that PGGIX'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
| PGGIX | DFGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.51% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 1.41% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 1.55% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 2.18% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 1.92% | +2.61% |
PGGIX vs. DFGBX - Expense Ratio Comparison
PGGIX has a 0.91% expense ratio, which is higher than DFGBX's 0.23% expense ratio.
Dividends
PGGIX vs. DFGBX - Dividend Comparison
PGGIX's dividend yield for the trailing twelve months is around 3.22%, 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% |
PGGIX Putnam Global Income Trust | 3.22% | 3.86% | 2.79% | 2.17% | 2.06% | 1.72% | 1.65% | 2.04% | 2.42% | 3.17% | 3.29% | 2.44% |
Frequently Asked Questions
PGGIX and DFGBX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGGIX has higher volatility (0.94%) compared to DFGBX (0.51%). In terms of maximum drawdown, PGGIX dropped -26.81% vs DFGBX's -9.63%.
DFGBX currently has the higher Sharpe Ratio (2.11 vs 0.57), 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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