SAXIX vs. DGCFX

Last updated Jun 3, 2026

SAXIX (SA Global Fixed Income Fund) and DGCFX (DFA Global Core Plus Fixed Income Portfolio) are both Global Bonds funds. Over the past 5 years, SAXIX returned 1.44%/yr vs 0.65%/yr for DGCFX. A 0.64 correlation means they provide meaningful diversification when combined. SAXIX charges 0.71%/yr vs 0.25%/yr for DGCFX.

Performance

SAXIX vs. DGCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SA Global Fixed Income Fund (SAXIX) and DFA Global Core Plus Fixed Income Portfolio (DGCFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAXIX achieves a 1.50% return, which is significantly higher than DGCFX's 1.12% return.

SAXIX

• 1D: -0.11%
• 1M: 0.57%
• YTD: 1.50%
• 6M: 1.54%
• 1Y: 3.81%
• 3Y*: 4.81%
• 5Y*: 1.44%
• 10Y*: 1.30%

DGCFX

• 1D: -0.32%
• 1M: 0.65%
• YTD: 1.12%
• 6M: 0.97%
• 1Y: 5.10%
• 3Y*: 5.68%
• 5Y*: 0.65%
• 10Y*: —

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

SAXIX vs. DGCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SAXIX SA Global Fixed Income Fund	1.50%	4.87%	5.33%	4.55%	-6.79%	-1.59%	0.89%	3.40%	1.70%
DGCFX DFA Global Core Plus Fixed Income Portfolio	1.12%	6.12%	3.57%	10.01%	-15.88%	-2.04%	8.51%	11.55%	1.13%

Correlation

The correlation between SAXIX and DGCFX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.64

The correlation between SAXIX and DGCFX shifts across timeframes, from 0.57 (3 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SAXIX vs. DGCFX — Risk / Return Rank

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

SAXIX

SAXIX Risk / Return Rank: 59
SAXIX Sharpe Ratio Rank: 56
SAXIX Sortino Ratio Rank: 70
SAXIX Omega Ratio Rank: 69
SAXIX Calmar Ratio Rank: 55
SAXIX Martin Ratio Rank: 45

DGCFX

DGCFX Risk / Return Rank: 23
DGCFX Sharpe Ratio Rank: 23
DGCFX Sortino Ratio Rank: 24
DGCFX Omega Ratio Rank: 25
DGCFX Calmar Ratio Rank: 21
DGCFX Martin Ratio Rank: 21

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.

SAXIX vs. DGCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SA Global Fixed Income Fund (SAXIX) 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.

	SAXIX	DGCFX	Difference
Sharpe ratio Return per unit of total volatility	2.21	1.41	+0.80
Sortino ratio Return per unit of downside risk	3.50	2.08	+1.42
Omega ratio Gain probability vs. loss probability	1.47	1.27	+0.20
Calmar ratio Return relative to maximum drawdown	2.84	1.74	+1.10
Martin ratio Return relative to average drawdown	9.44	5.68	+3.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAXIX vs. DGCFX - Sharpe Ratio Comparison

The current SAXIX Sharpe Ratio is 2.21, which is higher than the DGCFX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of SAXIX and DGCFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SAXIX	DGCFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	1.41	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.12	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.53	+0.12

Drawdowns

SAXIX vs. DGCFX - Drawdown Comparison

The maximum SAXIX drawdown since its inception was -9.94%, smaller than the maximum DGCFX drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for SAXIX and DGCFX.

Drawdown Indicators

	SAXIX	DGCFX	Difference
Max Drawdown Largest peak-to-trough decline	-9.94%	-21.77%	+11.83%
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	-3.19%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-2.65%	-4.20%	+1.55%
Max Drawdown (5Y) Largest decline over 5 years	-9.94%	-21.77%	+11.83%
Max Drawdown (10Y) Largest decline over 10 years	-9.94%	—	—
Current Drawdown Current decline from peak	-0.11%	-0.92%	+0.81%
Average Drawdown Average peak-to-trough decline	-1.91%	-5.37%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.98%	-0.50%

Volatility

SAXIX vs. DGCFX - Volatility Comparison

The current volatility for SA Global Fixed Income Fund (SAXIX) is 0.60%, while DFA Global Core Plus Fixed Income Portfolio (DGCFX) has a volatility of 1.40%. This indicates that SAXIX experiences smaller price fluctuations and is considered to be less risky than DGCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAXIX	DGCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	1.40%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	1.48%	2.86%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	1.97%	3.56%	-1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.73%	5.47%	-2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.08%	4.92%	-2.84%

SAXIX vs. DGCFX - Expense Ratio Comparison

SAXIX has a 0.71% expense ratio, which is higher than DGCFX's 0.25% expense ratio.

Dividends

SAXIX vs. DGCFX - Dividend Comparison

SAXIX's dividend yield for the trailing twelve months is around 4.78%, which matches DGCFX's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGCFX DFA Global Core Plus Fixed Income Portfolio	4.76%	4.22%	4.40%	4.03%	2.26%	2.45%	1.78%	1.92%	6.17%	0.00%	0.00%	0.00%
SAXIX SA Global Fixed Income Fund	4.78%	4.85%	6.01%	0.00%	3.58%	0.00%	2.16%	2.83%	2.11%	0.85%	1.25%	0.80%

Frequently Asked Questions

Can I hold both SAXIX and DGCFX in my portfolio?

SAXIX and DGCFX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAXIX or DGCFX?

DGCFX has higher volatility (1.40%) compared to SAXIX (0.60%). In terms of maximum drawdown, SAXIX dropped -9.94% vs DGCFX's -21.77%.

Which has better risk-adjusted returns?

SAXIX currently has the higher Sharpe Ratio (2.21 vs 1.41), 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.