DODBX vs. DOXGX
DODBX (Dodge & Cox Balanced Fund) and DOXGX (Dodge & Cox Stock Fund) are both mutual funds - DODBX is a Diversified Portfolio fund managed by Dodge & Cox, while DOXGX is a Large Cap Value Equities fund managed by Dodge & Cox. Over the past 3 years, DODBX returned 11.70%/yr vs 14.68%/yr for DOXGX. With a 0.96 correlation, they move nearly in lockstep. DODBX charges 0.52%/yr vs 0.41%/yr for DOXGX.
Performance
DODBX vs. DOXGX - Performance Comparison
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Returns By Period
In the year-to-date period, DODBX achieves a 2.26% return, which is significantly lower than DOXGX's 2.59% return.
DODBX
- 1D
- 0.00%
- 1M
- -0.15%
- YTD
- 2.26%
- 6M
- 1.88%
- 1Y
- 9.08%
- 3Y*
- 11.70%
- 5Y*
- 6.43%
- 10Y*
- 9.76%
DOXGX
- 1D
- -0.24%
- 1M
- -0.94%
- YTD
- 2.59%
- 6M
- 1.73%
- 1Y
- 10.47%
- 3Y*
- 14.68%
- 5Y*
- —
- 10Y*
- —
DODBX vs. DOXGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | 2.26% | 14.44% | 8.76% | 13.77% | -1.36% |
DOXGX Dodge & Cox Stock Fund | 2.59% | 13.77% | 14.47% | 17.60% | -2.46% |
Correlation
The correlation between DODBX and DOXGX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.96 |
The correlation between DODBX and DOXGX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
DODBX vs. DOXGX — Risk / Return Rank
DODBX
DOXGX
DODBX vs. DOXGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Balanced Fund (DODBX) and Dodge & Cox Stock Fund (DOXGX). 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.
| DODBX | DOXGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.35 | +0.20 |
| Martin ratioReturn relative to average drawdown | 5.38 | 4.70 | +0.67 |
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Drawdowns
DODBX vs. DOXGX - Drawdown Comparison
The maximum DODBX drawdown since its inception was -50.20%, which is greater than DOXGX's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for DODBX and DOXGX.
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Drawdown Indicators
| DODBX | DOXGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.20% | -16.47% | -33.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -7.51% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -8.45% | -14.88% | +6.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.29% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -2.33% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -3.12% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.14% | -0.50% |
Volatility
DODBX vs. DOXGX - Volatility Comparison
The current volatility for Dodge & Cox Balanced Fund (DODBX) is 2.49%, while Dodge & Cox Stock Fund (DOXGX) has a volatility of 3.73%. This indicates that DODBX experiences smaller price fluctuations and is considered to be less risky than DOXGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODBX | DOXGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 3.73% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | 8.46% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.45% | 11.48% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.78% | 15.68% | -4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 15.68% | -2.48% |
DODBX vs. DOXGX - Expense Ratio Comparison
DODBX has a 0.52% expense ratio, which is higher than DOXGX's 0.41% expense ratio.
Dividends
DODBX vs. DOXGX - Dividend Comparison
DODBX's dividend yield for the trailing twelve months is around 6.22%, less than DOXGX's 9.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | 6.22% | 7.53% | 8.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 7.53% | 5.59% | 5.44% |
DOXGX Dodge & Cox Stock Fund | 9.08% | 9.96% | 8.30% | 3.86% | 4.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, DODBX and DOXGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DOXGX has higher volatility (3.73%) compared to DODBX (2.49%). In terms of maximum drawdown, DODBX dropped -50.20% vs DOXGX's -16.47%.
DODBX currently has the higher Sharpe Ratio (1.19 vs 0.88), 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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