BALT vs. DODIX
Compare and contrast key facts about Innovator Defined Wealth Shield ETF (BALT) and Dodge & Cox Income Fund (DODIX).
BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021. DODIX is managed by Dodge & Cox.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BALT or DODIX.
Correlation
The correlation between BALT and DODIX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BALT vs. DODIX - Performance Comparison
Key characteristics
BALT:
1.21
DODIX:
1.28
BALT:
1.53
DODIX:
1.90
BALT:
1.26
DODIX:
1.22
BALT:
1.10
DODIX:
0.67
BALT:
7.12
DODIX:
3.20
BALT:
0.65%
DODIX:
2.21%
BALT:
3.86%
DODIX:
5.55%
BALT:
-4.23%
DODIX:
-18.50%
BALT:
-4.23%
DODIX:
-2.14%
Returns By Period
In the year-to-date period, BALT achieves a -2.80% return, which is significantly lower than DODIX's 3.73% return.
BALT
-2.80%
-3.43%
-0.91%
4.84%
N/A
N/A
DODIX
3.73%
1.20%
1.21%
6.84%
1.51%
2.17%
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BALT vs. DODIX - Expense Ratio Comparison
BALT has a 0.69% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Risk-Adjusted Performance
BALT vs. DODIX — Risk-Adjusted Performance Rank
BALT
DODIX
BALT vs. DODIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Defined Wealth Shield ETF (BALT) and Dodge & Cox Income Fund (DODIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BALT vs. DODIX - Dividend Comparison
BALT has not paid dividends to shareholders, while DODIX's dividend yield for the trailing twelve months is around 4.14%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DODIX Dodge & Cox Income Fund | 4.14% | 4.24% | 3.86% | 2.84% | 1.89% | 2.44% | 3.04% | 3.00% | 2.76% | 3.11% | 3.03% | 3.84% |
Drawdowns
BALT vs. DODIX - Drawdown Comparison
The maximum BALT drawdown since its inception was -4.23%, smaller than the maximum DODIX drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for BALT and DODIX. For additional features, visit the drawdowns tool.
Volatility
BALT vs. DODIX - Volatility Comparison
Innovator Defined Wealth Shield ETF (BALT) has a higher volatility of 2.12% compared to Dodge & Cox Income Fund (DODIX) at 1.38%. This indicates that BALT's price experiences larger fluctuations and is considered to be riskier than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.