DIBRX vs. DODLX
DIBRX (BNY Mellon International Bond Fund) and DODLX (Dodge & Cox Global Bond Fund) are both Global Bonds funds. Over the past 10 years, DIBRX returned -0.44%/yr vs 4.84%/yr for DODLX. A 0.59 correlation means they provide meaningful diversification when combined. DIBRX charges 0.73%/yr vs 0.45%/yr for DODLX.
Performance
DIBRX vs. DODLX - Performance Comparison
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Returns By Period
In the year-to-date period, DIBRX achieves a -1.34% return, which is significantly lower than DODLX's 1.05% return. Over the past 10 years, DIBRX has underperformed DODLX with an annualized return of -0.44%, while DODLX has yielded a comparatively higher 4.84% annualized return.
DIBRX
- 1D
- -0.23%
- 1M
- -0.08%
- YTD
- -1.34%
- 6M
- -0.80%
- 1Y
- -0.85%
- 3Y*
- 2.72%
- 5Y*
- -2.37%
- 10Y*
- -0.44%
DODLX
- 1D
- -0.18%
- 1M
- 0.80%
- YTD
- 1.05%
- 6M
- 1.23%
- 1Y
- 5.83%
- 3Y*
- 6.59%
- 5Y*
- 3.03%
- 10Y*
- 4.84%
DIBRX vs. DODLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | -1.34% | 8.51% | -3.14% | 5.70% | -16.81% | -6.80% | 8.38% | 5.16% | -5.80% | 12.58% |
DODLX Dodge & Cox Global Bond Fund | 1.05% | 11.51% | 0.55% | 12.30% | -8.21% | -0.85% | 11.87% | 12.23% | -1.45% | 8.31% |
Correlation
The correlation between DIBRX and DODLX is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.59 |
Over the past year, DIBRX and DODLX have become more correlated (0.80) than their long-term average of 0.59, meaning their price movements have been converging.
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Return for Risk
DIBRX vs. DODLX — Risk / Return Rank
DIBRX
DODLX
DIBRX vs. DODLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Bond Fund (DIBRX) and Dodge & Cox Global Bond Fund (DODLX). 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.
| DIBRX | DODLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.65 | -1.81 |
| Martin ratioReturn relative to average drawdown | -0.38 | 5.00 | -5.38 |
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Drawdowns
DIBRX vs. DODLX - Drawdown Comparison
The maximum DIBRX drawdown since its inception was -30.62%, which is greater than DODLX's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for DIBRX and DODLX.
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Drawdown Indicators
| DIBRX | DODLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.62% | -16.30% | -14.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -3.67% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -6.21% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -28.27% | -16.30% | -11.97% |
Max Drawdown (10Y)Largest decline over 10 years | -30.62% | -16.30% | -14.32% |
Current DrawdownCurrent decline from peak | -15.63% | -1.66% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -3.03% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.21% | +1.04% |
Volatility
DIBRX vs. DODLX - Volatility Comparison
BNY Mellon International Bond Fund (DIBRX) has a higher volatility of 1.67% compared to Dodge & Cox Global Bond Fund (DODLX) at 1.40%. This indicates that DIBRX's price experiences larger fluctuations and is considered to be riskier than DODLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIBRX | DODLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.40% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.98% | 3.49% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 4.35% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 5.27% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.11% | 4.82% | +2.29% |
DIBRX vs. DODLX - Expense Ratio Comparison
DIBRX has a 0.73% expense ratio, which is higher than DODLX's 0.45% expense ratio.
Dividends
DIBRX vs. DODLX - Dividend Comparison
DIBRX's dividend yield for the trailing twelve months is around 3.14%, less than DODLX's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | 3.14% | 2.48% | 2.34% | 0.00% | 0.58% | 1.90% | 2.16% | 0.00% | 3.64% | 3.81% | 0.61% | 5.14% |
DODLX Dodge & Cox Global Bond Fund | 4.04% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% | 0.00% |
Frequently Asked Questions
DIBRX and DODLX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIBRX has higher volatility (1.67%) compared to DODLX (1.40%). In terms of maximum drawdown, DIBRX dropped -30.62% vs DODLX's -16.30%.
DODLX currently has the higher Sharpe Ratio (1.39 vs -0.13), 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.
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