DODBX vs. TRAIX
Compare and contrast key facts about Dodge & Cox Balanced Fund (DODBX) and T. Rowe Price Capital Appreciation Fund - I Class (TRAIX).
DODBX is managed by Dodge & Cox. It was launched on Jun 25, 1931. TRAIX is an actively managed fund by T. Rowe Price. It was launched on Dec 17, 2015.
Performance
DODBX vs. TRAIX - Performance Comparison
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DODBX vs. TRAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | -1.71% | 14.44% | 8.76% | 13.77% | -7.30% | 19.21% | 7.93% | 19.64% | -4.66% | 11.51% |
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | -4.98% | 21.05% | 12.64% | 19.01% | -11.89% | 18.59% | 18.28% | 24.71% | 0.76% | 15.45% |
Returns By Period
In the year-to-date period, DODBX achieves a -1.71% return, which is significantly higher than TRAIX's -4.98% return. Over the past 10 years, DODBX has underperformed TRAIX with an annualized return of 9.30%, while TRAIX has yielded a comparatively higher 11.32% annualized return.
DODBX
- 1D
- 0.31%
- 1M
- -5.43%
- YTD
- -1.71%
- 6M
- 0.13%
- 1Y
- 7.31%
- 3Y*
- 10.76%
- 5Y*
- 6.96%
- 10Y*
- 9.30%
TRAIX
- 1D
- 0.06%
- 1M
- -4.85%
- YTD
- -4.98%
- 6M
- 3.88%
- 1Y
- 15.02%
- 3Y*
- 13.15%
- 5Y*
- 9.13%
- 10Y*
- 11.32%
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DODBX vs. TRAIX - Expense Ratio Comparison
DODBX has a 0.52% expense ratio, which is lower than TRAIX's 0.59% expense ratio.
Return for Risk
DODBX vs. TRAIX — Risk / Return Rank
DODBX
TRAIX
DODBX vs. TRAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Balanced Fund (DODBX) and T. Rowe Price Capital Appreciation Fund - I Class (TRAIX). 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.
| DODBX | TRAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 1.14 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.05 | 2.13 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.05 | -1.15 |
Martin ratioReturn relative to average drawdown | 3.71 | 8.55 | -4.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DODBX | TRAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.14 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.69 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.88 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.88 | -0.16 |
Correlation
The correlation between DODBX and TRAIX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DODBX vs. TRAIX - Dividend Comparison
DODBX's dividend yield for the trailing twelve months is around 7.35%, less than TRAIX's 16.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | 7.35% | 7.53% | 8.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 7.53% | 5.59% | 5.44% |
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | 16.70% | 15.87% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% | 0.00% |
Drawdowns
DODBX vs. TRAIX - Drawdown Comparison
The maximum DODBX drawdown since its inception was -50.20%, which is greater than TRAIX's maximum drawdown of -26.84%. Use the drawdown chart below to compare losses from any high point for DODBX and TRAIX.
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Drawdown Indicators
| DODBX | TRAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.20% | -26.84% | -23.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -6.77% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -17.00% | -0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -31.29% | -26.84% | -4.45% |
Current DrawdownCurrent decline from peak | -5.43% | -6.24% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -2.86% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.62% | +0.24% |
Volatility
DODBX vs. TRAIX - Volatility Comparison
The current volatility for Dodge & Cox Balanced Fund (DODBX) is 2.56%, while T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) has a volatility of 2.97%. This indicates that DODBX experiences smaller price fluctuations and is considered to be less risky than TRAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODBX | TRAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 2.97% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 9.57% | -4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 13.40% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.81% | 13.22% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.26% | 12.97% | +0.29% |