BGHSX vs. DODIX

Last updated Jun 3, 2026

BGHSX (BrandywineGLOBAL - High Yield Fund) and DODIX (Dodge & Cox Income Fund) are both mutual funds - BGHSX is a High Yield Bonds fund managed by Franklin Templeton, while DODIX is a Total Bond Market fund managed by Dodge & Cox. Over the past 3 years, BGHSX returned 8.03%/yr vs 5.23%/yr for DODIX. A 0.51 correlation means they provide meaningful diversification when combined. BGHSX charges 0.54%/yr vs 0.41%/yr for DODIX.

Performance

BGHSX vs. DODIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - High Yield Fund (BGHSX) and Dodge & Cox Income Fund (DODIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGHSX achieves a 0.24% return, which is significantly lower than DODIX's 0.43% return.

BGHSX

• 1D: 0.00%
• 1M: 0.13%
• YTD: 0.24%
• 6M: 0.82%
• 1Y: 5.00%
• 3Y*: 8.03%
• 5Y*: —
• 10Y*: —

DODIX

• 1D: 0.00%
• 1M: 0.08%
• YTD: 0.43%
• 6M: 0.55%
• 1Y: 6.35%
• 3Y*: 5.23%
• 5Y*: 1.25%
• 10Y*: 2.92%

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

BGHSX vs. DODIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BGHSX BrandywineGLOBAL - High Yield Fund	0.24%	5.55%	9.90%	13.21%	-10.23%	1.12%
DODIX Dodge & Cox Income Fund	0.43%	8.32%	2.25%	7.69%	-11.42%	-1.30%

Correlation

The correlation between BGHSX and DODIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021	0.51

The correlation between BGHSX and DODIX has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Return for Risk

BGHSX vs. DODIX — Risk / Return Rank

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

BGHSX

BGHSX Risk / Return Rank: 37
BGHSX Sharpe Ratio Rank: 29
BGHSX Sortino Ratio Rank: 44
BGHSX Omega Ratio Rank: 42
BGHSX Calmar Ratio Rank: 31
BGHSX Martin Ratio Rank: 39

DODIX

DODIX Risk / Return Rank: 26
DODIX Sharpe Ratio Rank: 26
DODIX Sortino Ratio Rank: 27
DODIX Omega Ratio Rank: 26
DODIX Calmar Ratio Rank: 27
DODIX Martin Ratio Rank: 23

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.

BGHSX vs. DODIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund (BGHSX) 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.

	BGHSX	DODIX	Difference
Sharpe ratio Return per unit of total volatility	1.59	1.51	+0.08
Sortino ratio Return per unit of downside risk	2.78	2.24	+0.54
Omega ratio Gain probability vs. loss probability	1.35	1.27	+0.08
Calmar ratio Return relative to maximum drawdown	2.12	2.00	+0.12
Martin ratio Return relative to average drawdown	8.64	6.16	+2.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGHSX vs. DODIX - Sharpe Ratio Comparison

The current BGHSX Sharpe Ratio is 1.59, which is comparable to the DODIX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of BGHSX and DODIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGHSX	DODIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.51	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.47	-0.63

Drawdowns

BGHSX vs. DODIX - Drawdown Comparison

The maximum BGHSX drawdown since its inception was -14.30%, smaller than the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for BGHSX and DODIX.

Drawdown Indicators

	BGHSX	DODIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.30%	-16.89%	+2.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-3.17%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-4.55%	-5.68%	+1.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.89%	—
Current Drawdown Current decline from peak	0.00%	-1.71%	+1.71%
Average Drawdown Average peak-to-trough decline	-3.24%	-1.50%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	1.03%	-0.37%

Volatility

BGHSX vs. DODIX - Volatility Comparison

The current volatility for BrandywineGLOBAL - High Yield Fund (BGHSX) is 0.91%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.44%. This indicates that BGHSX 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.

Volatility by Period

	BGHSX	DODIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	1.44%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	2.38%	3.01%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	3.17%	4.12%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.48%	5.56%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.48%	4.45%	+0.03%

BGHSX vs. DODIX - Expense Ratio Comparison

BGHSX has a 0.54% expense ratio, which is higher than DODIX's 0.41% expense ratio.

Dividends

BGHSX vs. DODIX - Dividend Comparison

BGHSX's dividend yield for the trailing twelve months is around 6.25%, more than DODIX's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGHSX BrandywineGLOBAL - High Yield Fund	6.25%	7.08%	7.49%	5.23%	5.32%	4.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DODIX Dodge & Cox Income Fund	4.26%	4.23%	4.24%	3.86%	2.19%	3.23%	4.66%	3.63%	3.43%	3.03%	3.25%	3.09%

Frequently Asked Questions

Can I hold both BGHSX and DODIX in my portfolio?

BGHSX and DODIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGHSX or DODIX?

DODIX has higher volatility (1.44%) compared to BGHSX (0.91%). In terms of maximum drawdown, BGHSX dropped -14.30% vs DODIX's -16.89%.

Which has better risk-adjusted returns?

BGHSX currently has the higher Sharpe Ratio (1.59 vs 1.51), 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.