DFGXvsPICBETF Comparison
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Dimensional Global ex US Core Fixed Income ETF (DFGX) and Invesco International Corporate Bond ETF (PICB) belong to the same industry segment: Intl IG Bonds. DFGX's top 3 sector exposures are Finance, Sovereign and Municipal. In contrast, PICB's top sector exposures are Finance, Utilities and Industrials. DFGX is less expensive with a Total Expense Ratio (TER) of 0.21%, versus 0.5% for PICB. DFGX is up 0.36% year-to-date (YTD) with +$460M in YTD flows. PICB performs worse with -0.96% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of DFGX and PICB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DFGX vs PICB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFGX PICB | -0.23%+0.19% | -0.52%-0.65% | +0.36%-0.96% | +2.10%+1.73% | n/a+18.29% | n/a-9.61% |
| Flows | DFGX PICB | +$60M-$5M | +$225M+$6M | +$460M+$97M | +$747M+$171M | -+$232M | -+$276M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFGX PICB | +2.90%+5.55% | +3.53%+7.34% | n/a+7.83% | n/a+9.22% |
| Max drawdown | DFGX PICB | -1.63%-2.89% | -3.17%-5.69% | n/a-9.81% | n/a-34.98% |
| Max drawdown duration | DFGX PICB | 64d83d | 183d215d | n/a198d | n/a1821d |
Trading data
DFGX | PICB | |
Last sale 9/2/2026 at 1:30 PM | $51.72 | $23.02 |
| Previous close 09/01/2026 | $51.73 | $22.99 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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DFGX
is actively managed and doesn’t replicate an indexDFGX | PICB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
DFGX | PICB | |
|---|---|---|
| Last price | $51.72 | $23.02 |
| 1D performance | -0.02% | +0.13% |
| AuM | $1.77 B | $354.90 M |
| E/R | 0.21% | 0.5% |
Characteristics
DFGX | PICB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Dimensional | Invesco |
| Benchmark | - | S&P International Corporate Bond Index |
| N° of holdings | 670 | 595 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 7, 2023 | June 3, 2010 |
| ESG | No | No |
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Exposure
Countries
DFGX
Japan
19.15%
Canada
18.14%
USA
17.64%
United Kingdom
9.23%
France
7.28%
Other
28.55%
PICB
France
23.33%
Canada
17.05%
United Kingdom
15.98%
Germany
9.62%
Other
34.01%
Sectors
DFGX
Finance
29.84%
Sovereign
27.64%
Municipal
13.45%
Consumer Non-Cycl.
7.11%
Other
21.96%
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
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Diversification
DFGX
Total weight of top 15 holdings out of 15
18.52%
PICB
Total weight of top 15 holdings out of 15
7.71%
Top 15 holdings
Data as of July 31, 2026
DFGX
Japan, JGB 2.5% 20jun2036, JPY
2.03%
Japan, JGB 1% 20dec2035, JPY
1.72%
Japan, JGB 0.4% 20sep2040, JPY
1.60%
Japan, JGB 2.4% 20mar2036, JPY
1.57%
Japan, JGB 1.7% 20sep2035, JPY
1.54%
Japan, JGB 0.4% 20mar2036, JPY
1.14%
Caisse de depot et placement du Quebec, 3.65% 2jun2035, CAD (26)
1.13%
Alphabet, 3% 6may2033, EUR
1.13%
New Zealand, NZGB 3.5% 14apr2033, NZD
1.12%
Japan, JGB 0.8% 20mar2034, JPY
0.98%
Japan, JGB 0.6% 20dec2033, JPY
0.98%
United Kingdom, Gilt 4.5% 7mar2035, GBP
0.97%
CPPIB Capital, 4.3% 2jun2034, CAD (64)
0.92%
Novo Nordisk Finance (Netherlands), 3.375% 20feb2035, EUR
0.85%
Japan, JGB 1.2% 20sep2035, JPY
0.85%
PICB
NTT Finance Corporation, 0.38% 20sep2030, JPY
0.64%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.59%
Bank of Montreal, 4.709% 7dec2027, CAD
0.59%
Enel, 5.75% 14sep2040, GBP (43)
0.58%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.57%
Bank of Montreal, 3.19% 1mar2028, CAD
0.56%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
0.48%
Bank of Montreal, 5.039% 29may2028, CAD
0.48%
Bank of Montreal, 4.42% 17jul2029, CAD
0.47%
Royal Bank of Canada, 4.642% 17jan2028, CAD
0.47%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
0.47%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
0.47%
Bank of Montreal, 4.537% 18dec2028, CAD
0.46%
E.ON, 6.375% 7jun2032, GBP
0.45%
Sweden, SGB 0.75% 12nov2029, SEK
0.44%
Frequently asked questions about DFGX and PICB
How have the DFGX and PICB ETFs performed in 2026?
As of August 31, 2026, DFGX is up 0.36% year-to-date (YTD), while PICB has lost -0.96%. That puts DFGX better performer ahead so far this year.
Which ETF is attracting more investor money: DFGX or PICB?
Year-to-date, the DFGX ETF saw +$460M in flows, compared to +$97M for PICB.
Which ETF is more volatile: DFGX or PICB?
Over the past year, DFGX had a volatility of 3.53%, while PICB experienced 7.34%.
Which ETF is bigger: DFGX or PICB?
As of August 31, 2026, DFGX holds $1.77 B in assets under management (AUM), while PICB manages $354.90 M.
What sectors do the DFGX and PICB ETFs invest in?
DFGX leans toward sectors like Finance, Sovereign and Municipal. Meanwhile, PICB focuses on Finance, Utilities and Industrials.
What are the top holdings of the DFGX ETF and PICB ETF?
DFGX top holdings include Japan, JGB 2.5% 20jun2036, JPY, Japan, JGB 1% 20dec2035, JPY and Japan, JGB 0.4% 20sep2040, JPY. PICB holds in its top three: NTT Finance Corporation, 0.38% 20sep2030, JPY, Toronto-Dominion Bank, 4.68% 8jan2029, CAD and Bank of Montreal, 4.709% 7dec2027, CAD.
Which ETF is more diversified: DFGX or PICB?
DFGX holds 674 securities with 18.52% of its assets in the top 15. PICB has 595 securities and a top 15 weight of 7.71%.
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