DFGX vs FISR: Grades, Fees and Holdings Compared

Dimensional International Core Fixed Income ETF

DFGXANasdaq

State Street Fixed Income Sector Rotation ETF

FISRCNYSE Arca

Overlap

No data

Expense ratio

DFGX −0.30pt a year

DFGX0.20%FISR0.50%

Avg volume · 30D

FISR 1.03×the volume

DFGX214KFISR219K

3Y return · a year

DFGX +0.2pt

DFGX+4.6%FISR+4.4%

DFGX vs FISR Performance

Nov 7, 2025 – Nov 9, 2026

+0.8%DFGX−0.2%FISR

Expense ratio: DFGX 0.20%, better; FISR 0.50%
Fund size: DFGX $1.95B; FISR $645M
1Y total return: DFGX +0.8%, better; FISR −0.2%
Yield (12M): DFGX 4.88%, better; FISR 4.37%
Holdings: DFGX 842; FISR 12
Avg volume (30D): DFGX 214K sh; FISR 219K sh, better
NAV per share: DFGX $52.10; FISR $24.91
52W range

ETF.net Grade

Pillar letters and Scores for DFGX, FISR, with each pillar’s weight
Pillar	DFGX	FISR
Cost30% weight	A95Higher	D39
Mission25% weight	A87	Not scored
Risk15% weight	D37Higher	D28
Tradability15% weight	B63	A73Higher
Holdings10% weight	A77Higher	F23
Durability5% weight	B57	B63Higher

Rank among Global Aggregate Bond (Unhedged) funds

How we build Categories ›

Same Category. DFGX and FISR are both graded against the same 28 Global Aggregate Bond (Unhedged) funds, so their Grades compare head to head.

Global Aggregate Bond (Unhedged)⁠

Category · 28 funds

See all 28 ›

DFGX ranks 4th and FISR 23rd of 28 funds in the Global Aggregate Bond (Unhedged) Category.

Rank 1ADFGPDimensional Global Core Plus Fixed Income ETFScore 79
Rank 2ABNDWVanguard Total World Bond ETFScore 77
Rank 2AGRNBVanEck Green Bond ETFScore 77
Rank 4ADFGXDimensional International Core Fixed Income ETFScore 75
Rank 4ADFSBDimensional Global Sustainability Fixed Income ETFScore 75
Rank 21CSCMCSterling Capital Multi-Strategy Income ETFScore 46
Rank 23CFISRState Street Fixed Income Sector Rotation ETFScore 43
Rank 23CSTXTStrive Total Return Bond ETFScore 43

Our read on each fund

ETF.net Research

DFGXADimensional International Core Fixed Income ETF

FISRCState Street Fixed Income Sector Rotation ETF

In short

DFGX Dimensional's bond sleeve for everything outside the US: roughly 700 mostly developed-market issues at 0.20%, net of a waiver through February 28, 2027. Built to sit beside a US core, not re-buy it.

FISR Most bond funds pick a lane and stay there. FISR is actively steered: a SPDR fund that rotates across fixed income sectors, using both ETFs and individual bonds, in pursuit of risk-adjusted return with current income.

Stated mandate

DFGX The fund seeks to maximize total returns through income and capital appreciation.

FISR FISR is an actively managed fixed-income fund that allocates among multiple fixed-income sectors, using ETFs and individual securities. It seeks to maximize risk-adjusted return while providing current income.

Why people hold it

DFGX Costs 0.20% net of a waiver through February 28, 2027 (0.21% gross), below the category median and under sibling DFGP at 0.22% net of a waiver through the same date.
Ex-US by design: roughly 700 bonds, mostly developed-market governments, agencies and corporates, with maturities inside 20 years from settlement.sec.gov
Run systematically, with exposure to duration, credit quality and currency of issuance adjusted from market prices rather than copied from an index bond for bond.dimensional.com
A billion-dollar-plus fund and one of the stronger implementations in its global bond peer group, paying income quarterly.

FISR Active sector rotation in one ticket. Managers shift among US and international fixed income sectors rather than sitting at fixed index weights.ssga.com
Builds the portfolio from both ETFs and individual securities, so one share looks through to thousands of underlying bonds.
Pays distributions monthly and has been running under the SPDR banner since 2019, so there is a real multi-year record to read.

Worth knowing

DFGX Foreign bonds mean two moving parts: local interest rates and exchange rates. The ride can differ from a US core holding.sec.gov
Not a plain index tracker, so results can drift from a global ex-US bond benchmark in either direction.dimensional.com
A 2023 launch and moderate trading volume: a shorter record than long-standing global bond funds, and spreads can widen in fast markets.sec.gov

FISR Costs 0.50% a year, above the broad-bond median and well above index aggregates such as BND, SPAB and SCHZ at 0.03%.
No benchmark to check it against. Results ride on the manager's sector calls, and the blend of credit and interest-rate risk can shift as those calls change.
Measured against the wider broad-bond field on cost and portfolio makeup, it sits toward the back of that group.

Full DFGX profile⁠

Full FISR profile⁠

DFGX vs FISR Holdings

How DFGX and FISR differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile16.0%
Sector3 Sectors76.0%
Asset classBonds100%

Sector

Sector weights in DFGX and FISR, widest gap first
Sector	Gap	DFGX	FISR
Corporate	DFGX +24.0 points	54.7%	30.7%
Securitized	FISR +12.7 points	0.6%	13.3%
Government	FISR +11.3 points	44.7%	56.0%

Country, concentration and asset class

Country by domicile

Country weights in DFGX and FISR, widest gap first
Country	Gap	DFGX	FISR
United States	FISR +84.0 points	16.0%	100.0%
Japan	DFGX +19.0 points	19.0%	0.0%
Canada	DFGX +17.5 points	17.5%	0.0%
United Kingdom	DFGX +9.2 points	9.2%	0.0%
France	DFGX +8.9 points	8.9%	0.0%
Netherlands	DFGX +7.6 points	7.6%	0.0%
Australia	DFGX +4.3 points	4.3%	0.0%
New Zealand	DFGX +3.7 points	3.7%	0.0%
Other countries (16)	DFGX +13.8 points	13.8%	0.0%

Outside the US: DFGX 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

DFGX14.3%
FISR100.1%

Securities held

DFGX721
FISR10

Asset class

DFGX: Bonds
FISR: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. DFGX holds 721 securities, FISR 10.

All 666 DFGX holdings⁠All 10,230 FISR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFGX vs FISR Cost

Overpaying FISR vs DFGX

$5,824

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DFGX 0.20%
$4,155
FISR 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

DFGX 0.20%
FISR 0.50%
Overpaying

Year by year

Year	DFGX	FISR	Overpaying
10	$365	$900	$535
20	$1,421	$3,460	$2,039
30	$4,155	$9,979	$5,824

Expense ratio

0.20%DFGX, cheaper
0.50%FISR

DFGX0.20%FISR0.50%

0.05%1.15%

Middle half of Global Aggregate Bond (Unhedged) funds
Median 0.40%

DFGX 2nd cheapest of 28 funds

FISR 18th cheapest of 28 funds

DFGX vs FISR Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DFGX 4.88%, better; FISR 4.37%
Payout (12M): DFGX $2.55; FISR $1.09
Last payment: DFGX $0.20; FISR $0.09
Ex-dividend: DFGX Oct 20, 2026; FISR Nov 2, 2026
Paid on: DFGX Oct 22, 2026; FISR Nov 5, 2026
Frequency: DFGX Irregular; FISR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DFGXIrregular · 15 paymentsAll DFGX payments⁠

FISRMonthly · 46 paymentsAll FISR payments⁠

DFGX vs FISR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFGX 4.1%since Dec 2023FISR 5.8%
Return per unit of riskSharpe ratio, 3 years: DFGX −0.16since Dec 2023FISR 0.09
Worst fallMax drawdown, 5 years: DFGX −3.4%since Nov 2023FISR −19.7%
Market sensitivityBeta, 5 years: DFGX 0.19FISR 1.02; Market = 1

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