BCEMX vs. DODEX

Last updated Jun 24, 2026

BCEMX (Boston Common ESG Impact Emerging Markets Fund) and DODEX (Dodge & Cox Emerging Markets Stock Fund) are both Emerging Markets Diversified funds. Over the past 3 years, BCEMX returned 23.48%/yr vs 25.90%/yr for DODEX. Their correlation of 0.91 suggests significant overlap in exposure. BCEMX charges 0.99%/yr vs 0.70%/yr for DODEX.

Performance

BCEMX vs. DODEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Common ESG Impact Emerging Markets Fund (BCEMX) and Dodge & Cox Emerging Markets Stock Fund (DODEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BCEMX having a 25.43% return and DODEX slightly higher at 25.94%.

BCEMX

• 1D: 0.08%
• 1M: 6.13%
• YTD: 25.43%
• 6M: 26.24%
• 1Y: 54.46%
• 3Y*: 23.48%
• 5Y*: —
• 10Y*: —

DODEX

• 1D: 0.89%
• 1M: 4.53%
• YTD: 25.94%
• 6M: 26.80%
• 1Y: 54.38%
• 3Y*: 25.90%
• 5Y*: 10.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCEMX vs. DODEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BCEMX Boston Common ESG Impact Emerging Markets Fund	25.43%	37.06%	8.63%	6.39%	-17.32%	1.08%
DODEX Dodge & Cox Emerging Markets Stock Fund	25.94%	38.64%	7.47%	13.37%	-14.91%	0.96%

Correlation

The correlation between BCEMX and DODEX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.91

The correlation between BCEMX and DODEX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

BCEMX vs. DODEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCEMX

BCEMX Risk / Return Rank: 85
BCEMX Sharpe Ratio Rank: 90
BCEMX Sortino Ratio Rank: 78
BCEMX Omega Ratio Rank: 83
BCEMX Calmar Ratio Rank: 87
BCEMX Martin Ratio Rank: 86

DODEX

DODEX Risk / Return Rank: 94
DODEX Sharpe Ratio Rank: 98
DODEX Sortino Ratio Rank: 92
DODEX Omega Ratio Rank: 91
DODEX Calmar Ratio Rank: 94
DODEX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCEMX vs. DODEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Common ESG Impact Emerging Markets Fund (BCEMX) and Dodge & Cox Emerging Markets Stock Fund (DODEX). 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.

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.

	BCEMX	DODEX	Difference
Sharpe ratio: Return per unit of total volatility	2.73	3.47	-0.74
Sortino ratio: Return per unit of downside risk	3.40	4.32	-0.92
Omega ratio: Gain probability vs. loss probability	1.51	1.64	-0.13
Calmar ratio: Return relative to maximum drawdown	4.03	4.98	-0.95
Martin ratio: Return relative to average drawdown	15.19	18.35	-3.15

BCEMX vs. DODEX - Sharpe Ratio Comparison

The current BCEMX Sharpe Ratio is 2.73, which is comparable to the DODEX Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of BCEMX and DODEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCEMX vs. DODEX - Drawdown Comparison

The maximum BCEMX drawdown since its inception was -31.06%, smaller than the maximum DODEX drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for BCEMX and DODEX.

Drawdown Indicators

	BCEMX	DODEX	Difference
Max Drawdown Largest peak-to-trough decline	-31.06%	-37.01%	+5.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.85%	-10.97%	-2.88%
Max Drawdown (3Y) Largest decline over 3 years	-19.11%	-16.15%	-2.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.02%	—
Current Drawdown Current decline from peak	-0.80%	0.00%	-0.80%
Average Drawdown Average peak-to-trough decline	-11.25%	-12.69%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	2.97%	+0.70%

Volatility

BCEMX vs. DODEX - Volatility Comparison

Boston Common ESG Impact Emerging Markets Fund (BCEMX) has a higher volatility of 10.32% compared to Dodge & Cox Emerging Markets Stock Fund (DODEX) at 7.37%. This indicates that BCEMX's price experiences larger fluctuations and is considered to be riskier than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCEMX	DODEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.32%	7.37%	+2.95%
Volatility (6M) Calculated over the trailing 6-month period	17.92%	13.74%	+4.18%
Volatility (1Y) Calculated over the trailing 1-year period	20.49%	15.77%	+4.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.82%	17.06%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	16.96%	+1.86%

BCEMX vs. DODEX - Expense Ratio Comparison

BCEMX has a 0.99% expense ratio, which is higher than DODEX's 0.70% expense ratio.

Dividends

BCEMX vs. DODEX - Dividend Comparison

BCEMX's dividend yield for the trailing twelve months is around 1.74%, less than DODEX's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021
BCEMX Boston Common ESG Impact Emerging Markets Fund	1.74%	2.18%	2.33%	2.15%	2.02%	0.46%
DODEX Dodge & Cox Emerging Markets Stock Fund	2.25%	2.83%	1.94%	1.92%	1.93%	1.38%

Frequently Asked Questions

Can I hold both BCEMX and DODEX in my portfolio?

BCEMX and DODEX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCEMX or DODEX?

BCEMX has higher volatility (10.32%) compared to DODEX (7.37%). In terms of maximum drawdown, BCEMX dropped -31.06% vs DODEX's -37.01%.

Which has better risk-adjusted returns?

DODEX currently has the higher Sharpe Ratio (3.47 vs 2.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.