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.
Key characteristics
| BALT | DODIX | |
|---|---|---|
| YTD Return | 9.24% | 3.45% |
| 1Y Return | 11.23% | 10.65% |
| 3Y Return (Ann) | 6.45% | -0.45% |
| Sharpe Ratio | 3.69 | 1.60 |
| Sortino Ratio | 5.72 | 2.36 |
| Omega Ratio | 1.86 | 1.28 |
| Calmar Ratio | 6.06 | 0.85 |
| Martin Ratio | 32.81 | 6.46 |
| Ulcer Index | 0.34% | 1.51% |
| Daily Std Dev | 3.03% | 6.09% |
| Max Drawdown | -2.16% | -16.38% |
| Current Drawdown | 0.00% | -2.89% |
Correlation
The correlation between BALT and DODIX is 0.17, 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
In the year-to-date period, BALT achieves a 9.24% return, which is significantly higher than DODIX's 3.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 3.86% | 2.84% | 1.89% | 2.44% | 3.04% | 3.00% | 2.76% | 3.11% | 3.03% | 3.84% | 3.07% |
Drawdowns
BALT vs. DODIX - Drawdown Comparison
The maximum BALT drawdown since its inception was -2.16%, smaller than the maximum DODIX drawdown of -16.38%. 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
The current volatility for Innovator Defined Wealth Shield ETF (BALT) is 0.80%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.74%. This indicates that BALT experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.