Dodge & Cox Balanced Fund (DODBX)
The investment seeks regular income, conservation of principal, and an opportunity for long-term growth of principal and income. The fund invests in a diversified portfolio of equity securities and debt securities. Under normal circumstances no less than 25% and no more than 75% of the fund's total assets will be invested in equity securities. It may invest up to 20% of its total assets in U.S. dollar-denominated equity or debt securities of non-U.S. issuers traded in the United States that are not in the S&P 500 Index.
Fund Info
| ISIN | US2562011047 |
|---|---|
| CUSIP | 256201104 |
| Issuer | Dodge & Cox |
| Inception Date | Jun 25, 1931 |
| Category | Diversified Portfolio |
| Min. Investment | $2,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
DODBX features an expense ratio of 0.52%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: DODBX vs. VWENX, DODBX vs. SPY, DODBX vs. FBALX, DODBX vs. QQQ, DODBX vs. AOM, DODBX vs. VDIGX, DODBX vs. FSMEX, DODBX vs. VOO, DODBX vs. FFNOX, DODBX vs. VTI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dodge & Cox Balanced Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Dodge & Cox Balanced Fund had a return of 12.20% year-to-date (YTD) and 21.50% in the last 12 months. Over the past 10 years, Dodge & Cox Balanced Fund had an annualized return of 8.44%, while the S&P 500 had an annualized return of 11.39%, indicating that Dodge & Cox Balanced Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.20% | 25.45% |
| 1 month | 0.64% | 2.91% |
| 6 months | 6.93% | 14.05% |
| 1 year | 21.50% | 35.64% |
| 5 years (annualized) | 9.57% | 14.13% |
| 10 years (annualized) | 8.44% | 11.39% |
Monthly Returns
The table below presents the monthly returns of DODBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.27% | 1.02% | 3.83% | -2.46% | 2.78% | -0.32% | 3.43% | 1.91% | 1.20% | -1.12% | 12.20% | ||
| 2023 | 5.58% | -2.75% | -0.24% | 1.12% | -2.37% | 4.47% | 3.69% | -1.55% | -2.05% | -2.72% | 5.90% | 4.54% | 13.77% |
| 2022 | 0.58% | -1.66% | 0.38% | -5.79% | 3.00% | -6.46% | 3.91% | -2.37% | -7.10% | 5.94% | 5.62% | -2.45% | -7.30% |
| 2021 | -0.11% | 6.04% | 3.73% | 3.85% | 2.36% | -0.08% | -0.24% | 1.78% | -2.63% | 2.52% | -2.73% | 3.60% | 19.21% |
| 2020 | -1.66% | -5.56% | -14.87% | 10.59% | 2.64% | 1.78% | 2.19% | 3.20% | -2.03% | -1.06% | 12.40% | 2.82% | 7.93% |
| 2019 | 5.93% | 1.37% | 0.41% | 3.15% | -4.41% | 4.14% | 1.48% | -2.63% | 2.18% | 1.77% | 2.77% | 2.34% | 19.64% |
| 2018 | 3.42% | -2.72% | -2.07% | 0.19% | 0.30% | 1.04% | 3.02% | 1.12% | 0.00% | -3.58% | 1.85% | -6.84% | -4.66% |
| 2017 | 1.77% | 2.20% | -0.24% | 0.49% | 0.11% | 0.96% | 1.25% | -0.60% | 2.47% | 0.34% | 1.56% | 1.66% | 12.59% |
| 2016 | -4.51% | -0.40% | 5.46% | 1.87% | 1.54% | -1.40% | 4.10% | 1.61% | 0.83% | -0.23% | 5.88% | 1.12% | 16.55% |
| 2015 | -3.19% | 4.11% | -1.05% | 1.88% | 0.82% | -1.31% | 0.90% | -4.93% | -2.92% | 5.65% | -0.33% | -2.03% | -2.86% |
| 2014 | -1.75% | 3.25% | 0.97% | -0.03% | 1.68% | 2.05% | -0.67% | 2.38% | -1.00% | 0.10% | 1.85% | 0.22% | 9.31% |
| 2013 | 4.62% | 0.66% | 3.34% | 1.60% | 2.17% | -0.32% | 4.15% | -2.02% | 3.09% | 3.36% | 2.98% | 1.82% | 28.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DODBX is 86, placing it in the top 14% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dodge & Cox Balanced Fund (DODBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dodge & Cox Balanced Fund provided a 2.69% dividend yield over the last twelve months, with an annual payout of $2.96 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.96 | $2.66 | $1.91 | $1.75 | $2.22 | $2.46 | $2.01 | $2.29 | $2.34 | $2.06 | $4.34 | $1.65 |
Dividend yield | 2.69% | 2.63% | 2.04% | 1.60% | 2.18% | 2.42% | 2.16% | 2.14% | 2.26% | 2.18% | 4.23% | 1.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Dodge & Cox Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $0.67 | $0.00 | $0.00 | $2.27 | |
| 2023 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.69 | $2.66 |
| 2022 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.42 | $1.91 |
| 2021 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.47 | $1.75 |
| 2020 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.45 | $2.22 |
| 2019 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.53 | $2.46 |
| 2018 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.38 | $2.01 |
| 2017 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.46 | $2.29 |
| 2016 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.52 | $2.34 |
| 2015 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.48 | $2.06 |
| 2014 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $2.72 | $4.34 |
| 2013 | $0.43 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.40 | $1.65 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Dodge & Cox Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Dodge & Cox Balanced Fund was 50.21%, occurring on Mar 9, 2009. Recovery took 861 trading sessions.
The current Dodge & Cox Balanced Fund drawdown is 0.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.21% | Jul 20, 2007 | 411 | Mar 9, 2009 | 861 | Aug 7, 2012 | 1272 |
| -31.29% | Feb 13, 2020 | 27 | Mar 23, 2020 | 166 | Nov 16, 2020 | 193 |
| -27.31% | Aug 18, 1987 | 79 | Dec 4, 1987 | 420 | Jul 14, 1989 | 499 |
| -17.74% | Jan 18, 2022 | 175 | Sep 27, 2022 | 305 | Dec 13, 2023 | 480 |
| -17.33% | Mar 20, 2002 | 141 | Oct 9, 2002 | 158 | May 28, 2003 | 299 |
Volatility
Volatility Chart
The current Dodge & Cox Balanced Fund volatility is 2.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.