DIBRX vs. DOXLX
DIBRX (BNY Mellon International Bond Fund) and DOXLX (Dodge & Cox Global Bond Fund) are both Global Bonds funds. Over the past 3 years, DIBRX returned 1.93%/yr vs 5.89%/yr for DOXLX. A 0.75 correlation means they provide meaningful diversification when combined. DIBRX charges 0.73%/yr vs 0.37%/yr for DOXLX.
Performance
DIBRX vs. DOXLX - Performance Comparison
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Returns By Period
In the year-to-date period, DIBRX achieves a -1.95% return, which is significantly lower than DOXLX's 0.30% return.
DIBRX
- 1D
- 0.40%
- 1M
- -1.32%
- 6M
- -1.27%
- YTD
- -1.95%
- 1Y
- -0.72%
- 3Y*
- 1.93%
- 5Y*
- -2.59%
- 10Y*
- -0.38%
DOXLX
- 1D
- 0.36%
- 1M
- -0.58%
- 6M
- -0.32%
- YTD
- 0.30%
- 1Y
- 5.13%
- 3Y*
- 5.89%
- 5Y*
- —
- 10Y*
- —
DIBRX vs. DOXLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | -1.95% | 8.51% | -3.14% | 5.70% | -4.96% |
DOXLX Dodge & Cox Global Bond Fund | 0.30% | 11.60% | 0.63% | 12.48% | 0.43% |
Correlation
The correlation between DIBRX and DOXLX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.75 |
The correlation between DIBRX and DOXLX has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
DIBRX vs. DOXLX — Risk / Return Rank
DIBRX
DOXLX
DIBRX vs. DOXLX - 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 (DOXLX). 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 | DOXLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.20 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.10 | -1.36 |
| Martin ratioReturn relative to average drawdown | -0.58 | 3.04 | -3.62 |
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Drawdowns
DIBRX vs. DOXLX - Drawdown Comparison
The maximum DIBRX drawdown since its inception was -30.62%, which is greater than DOXLX's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for DIBRX and DOXLX.
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Drawdown Indicators
| DIBRX | DOXLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.62% | -8.14% | -22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -4.33% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -6.12% | -2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.62% | — | — |
Current DrawdownCurrent decline from peak | -16.16% | -2.39% | -13.77% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -1.68% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.57% | +0.73% |
Volatility
DIBRX vs. DOXLX - Volatility Comparison
BNY Mellon International Bond Fund (DIBRX) has a higher volatility of 1.46% compared to Dodge & Cox Global Bond Fund (DOXLX) at 1.18%. This indicates that DIBRX's price experiences larger fluctuations and is considered to be riskier than DOXLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIBRX | DOXLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.18% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 5.03% | 3.54% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.59% | 4.35% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 5.45% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 5.45% | +1.65% |
DIBRX vs. DOXLX - Expense Ratio Comparison
DIBRX has a 0.73% expense ratio, which is higher than DOXLX's 0.37% expense ratio.
Dividends
DIBRX vs. DOXLX - Dividend Comparison
DIBRX's dividend yield for the trailing twelve months is around 3.16%, less than DOXLX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | 3.16% | 2.48% | 2.34% | 0.00% | 0.58% | 1.90% | 2.16% | 0.00% | 3.64% | 3.81% | 0.61% | 5.14% |
DOXLX Dodge & Cox Global Bond Fund | 3.51% | 4.14% | 4.81% | 3.36% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIBRX and DOXLX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIBRX has higher volatility (1.46%) compared to DOXLX (1.18%). In terms of maximum drawdown, DIBRX dropped -30.62% vs DOXLX's -8.14%.
DOXLX currently has the higher Sharpe Ratio (1.10 vs -0.20), 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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