- ISIN
- US2562063014
- CUSIP
- 256206301
- Issuer
- Dodge & Cox
- Inception Date
- Apr 30, 2014
- Category
- Global Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DODLX Performance Chart
Dodge & Cox Global Bond Fund (DODLX) is up 1.2% since the beginning of the year. DODLX is currently trading at $11 per share. Investors who bought $1,000 worth of DODLX shares 5 years ago would now be looking at an investment worth $1,164.
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Returns By Period
Dodge & Cox Global Bond Fund (DODLX) has returned 1.23% so far this year and 6.21% over the past 12 months. Over the last ten years, DODLX has returned 4.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Dodge & Cox Global Bond Fund
- 1D
- -0.09%
- 1M
- 0.98%
- YTD
- 1.23%
- 6M
- 1.50%
- 1Y
- 6.21%
- 3Y*
- 6.58%
- 5Y*
- 3.09%
- 10Y*
- 4.83%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DODLX Monthly Returns History
Based on dividend-adjusted daily data since May 1, 2014, DODLX's average daily return is +0.01%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +5.7%, while the worst month was Mar 2020 at -7.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DODLX closed higher 44% of trading days. The best single day was Apr 9, 2020 with a return of +2.5%, while the worst single day was Mar 18, 2020 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.16% | 1.58% | -2.88% | 0.99% | 0.44% | -0.00% | 1.23% | ||||||
| 2025 | 1.24% | 2.16% | 0.35% | 1.57% | -0.09% | 2.34% | -0.54% | 1.71% | 1.21% | 0.53% | 0.62% | -0.10% | 11.51% |
| 2024 | -0.46% | -1.01% | 0.97% | -2.59% | 2.18% | 0.30% | 2.62% | 1.91% | 1.85% | -3.37% | 0.83% | -2.46% | 0.55% |
| 2023 | 3.87% | -2.20% | 1.86% | 0.77% | -0.48% | 1.44% | 1.43% | -1.13% | -2.09% | -1.66% | 5.67% | 4.56% | 12.30% |
| 2022 | -1.73% | -2.38% | -0.99% | -3.57% | 1.05% | -4.14% | 2.96% | -1.05% | -4.17% | -0.10% | 5.21% | 0.85% | -8.21% |
| 2021 | -0.50% | -0.91% | -1.04% | 1.19% | 0.67% | 0.59% | 0.42% | 0.17% | -0.75% | -0.42% | -1.35% | 1.12% | -0.85% |
Benchmark Metrics
Dodge & Cox Global Bond Fund has an annualized alpha of 2.34%, beta of 0.11, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since May 01, 2014.
- This fund participated in 34.76% of S&P 500 Index downside but only 26.53% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R2 of 0.16 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.16 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.34%
- Beta
- 0.11
- R²
- 0.16
- Upside Capture
- 26.53%
- Downside Capture
- 34.76%
Expense Ratio
DODLX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DODLX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Dodge & Cox Global Bond Fund (DODLX) and compare them to S&P 500 Index.
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.
| DODLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.78 | -1.08 |
| Martin ratioReturn relative to average drawdown | 5.18 | 12.44 | -7.26 |
Dividends
Dividend History
Dodge & Cox Global Bond Fund provided a 4.04% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.50 | $0.36 | $0.51 | $0.45 | $0.32 | $0.38 | $0.53 | $0.27 | $0.18 |
Dividend yield | 4.04% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Dodge & Cox Global Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.46 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.20 | $0.50 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.31 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.29 | $0.45 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Dodge & Cox Global Bond 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 Global Bond Fund was 16.30%, occurring on Oct 20, 2022. Recovery took 289 trading sessions.
The current Dodge & Cox Global Bond Fund drawdown is 1.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -16.30%Oct 2022 | 1y 1mo | 1y 1mo | 2y 2moSep 2021 - Dec 2023 |
COVID crash2020 | -15.21%Mar 2020 | 28d | 2mo 11d | 3mo 9dFeb 2020 - Jun 2020 |
2016 correction2016 | -13.13%Feb 2016 | 1y 7mo | 1y 13d | 2y 7moJul 2014 - Feb 2017 |
2025 pullback2025 | -6.21%Jan 2025 | 3mo 15d | 4mo 22d | 8mo 7dSep 2024 - Jun 2025 |
Rate-hike selloffLate 2018 | -3.75%Nov 2018 | 9mo 21d | 2mo 16d | 1y 2dFeb 2018 - Feb 2019 |
Drawdown Indicators
| DODLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.30% | -56.78% | +40.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -9.10% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.21% | -18.90% | +12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | -25.43% | +9.13% |
Max Drawdown (10Y)Largest decline over 10 years | -16.30% | -33.92% | +17.62% |
Current DrawdownCurrent decline from peak | -1.49% | -1.80% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -10.71% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 2.03% | -0.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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