- ISIN
- IE00B5568D66
- CUSIP
- 256206301
- Issuer
- Dodge & Cox
- Inception Date
- May 1, 2014
- Category
- Global Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DOXLX Performance Chart
Dodge & Cox Global Bond Fund (DOXLX) is up 1.3% since the beginning of the year. DOXLX is currently trading at $11 per share.
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Returns By Period
Dodge & Cox Global Bond Fund (DOXLX) has returned 1.25% so far this year and 6.29% over the past 12 months.
Dodge & Cox Global Bond Fund
- 1D
- -0.09%
- 1M
- 0.98%
- YTD
- 1.25%
- 6M
- 1.61%
- 1Y
- 6.29%
- 3Y*
- 6.66%
- 5Y*
- —
- 10Y*
- —
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%
DOXLX Monthly Returns History
Based on dividend-adjusted daily data since May 3, 2022, DOXLX's average daily return is +0.02%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +5.7%, while the worst month was Sep 2022 at -4.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DOXLX closed higher 48% of trading days. The best single day was Nov 10, 2022 with a return of +1.6%, while the worst single day was Jun 13, 2022 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.16% | 1.58% | -2.86% | 0.99% | 0.44% | -0.00% | 1.25% | ||||||
| 2025 | 1.24% | 2.16% | 0.28% | 1.66% | -0.09% | 2.36% | -0.63% | 1.81% | 1.22% | 0.53% | 0.62% | -0.08% | 11.60% |
| 2024 | -0.46% | -1.01% | 0.98% | -2.59% | 2.18% | 0.33% | 2.53% | 2.01% | 1.87% | -3.37% | 0.83% | -2.44% | 0.63% |
| 2023 | 3.97% | -2.20% | 1.86% | 0.77% | -0.48% | 1.46% | 1.43% | -1.13% | -2.07% | -1.66% | 5.67% | 4.58% | 12.48% |
| 2022 | 1.33% | -4.24% | 3.06% | -1.05% | -4.27% | 0.00% | 5.21% | 0.77% | 0.43% |
Benchmark Metrics
Dodge & Cox Global Bond Fund has an annualized alpha of 4.45%, beta of 0.12, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since May 03, 2022.
- This fund participated in 36.65% of S&P 500 Index downside but only 31.61% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.14 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 0.14 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
- 4.45%
- Beta
- 0.12
- R²
- 0.14
- Upside Capture
- 31.61%
- Downside Capture
- 36.65%
Expense Ratio
DOXLX has an expense ratio of 0.37%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DOXLX ranks 28 for risk / return — below 28% 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 (DOXLX) 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.
| DOXLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.78 | -1.05 |
| Martin ratioReturn relative to average drawdown | 5.27 | 12.44 | -7.17 |
Dividends
Dividend History
Dodge & Cox Global Bond Fund provided a 4.11% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.46 | $0.47 | $0.51 | $0.37 | $0.46 |
Dividend yield | 4.11% | 4.14% | 4.81% | 3.36% | 4.58% |
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 | $0.47 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.21 | $0.51 |
| 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 | $0.37 |
| 2022 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.31 | $0.46 |
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 8.14%, occurring on Oct 20, 2022. Recovery took 38 trading sessions.
The current Dodge & Cox Global Bond Fund drawdown is 1.47%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -8.14%Oct 2022 | 2mo 5d | 1mo 25d | 4moAug 2022 - Dec 2022 |
2025 pullback2025 | -6.12%Jan 2025 | 3mo 27d | 3mo 16d | 7mo 13dSep 2024 - Apr 2025 |
2023 pullback2023 | -5.35%Oct 2023 | 3mo 1d | 1mo 10d | 4mo 11dJul 2023 - Nov 2023 |
Bear market2022 | -4.80%Jul 2022 | 1mo 13d | 29d | 2mo 12dJun 2022 - Aug 2022 |
2024 pullback2024 | -3.70%Apr 2024 | 3mo 20d | 2mo 23d | 6mo 13dDec 2023 - Jul 2024 |
Drawdown Indicators
| DOXLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -56.78% | +48.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -9.10% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -18.90% | +12.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.80% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -10.71% | +9.08% |
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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