DODBX vs. VTEAX
Compare and contrast key facts about Dodge & Cox Balanced Fund (DODBX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
DODBX is managed by Dodge & Cox. It was launched on Jun 25, 1931. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Performance
DODBX vs. VTEAX - Performance Comparison
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DODBX vs. VTEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | -0.36% | 14.44% | 8.76% | 13.77% | -7.30% | 19.21% | 7.93% | 19.64% | -4.66% | 11.51% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | -0.24% | 3.67% | 1.63% | 6.39% | -8.21% | 1.43% | 4.97% | 7.45% | 0.99% | 4.94% |
Returns By Period
In the year-to-date period, DODBX achieves a -0.36% return, which is significantly lower than VTEAX's -0.24% return. Over the past 10 years, DODBX has outperformed VTEAX with an annualized return of 9.45%, while VTEAX has yielded a comparatively lower 2.09% annualized return.
DODBX
- 1D
- 1.37%
- 1M
- -3.79%
- YTD
- -0.36%
- 6M
- 1.20%
- 1Y
- 8.67%
- 3Y*
- 11.26%
- 5Y*
- 7.08%
- 10Y*
- 9.45%
VTEAX
- 1D
- 0.25%
- 1M
- -1.97%
- YTD
- -0.24%
- 6M
- 1.20%
- 1Y
- 3.73%
- 3Y*
- 2.86%
- 5Y*
- 0.89%
- 10Y*
- 2.09%
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DODBX vs. VTEAX - Expense Ratio Comparison
DODBX has a 0.52% expense ratio, which is higher than VTEAX's 0.09% expense ratio.
Return for Risk
DODBX vs. VTEAX — Risk / Return Rank
DODBX
VTEAX
DODBX vs. VTEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Balanced Fund (DODBX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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 | VTEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.95 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.24 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.97 | +0.14 |
Martin ratioReturn relative to average drawdown | 4.57 | 3.22 | +1.35 |
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 | VTEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.95 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.25 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.57 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.66 | +0.07 |
Correlation
The correlation between DODBX and VTEAX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DODBX vs. VTEAX - Dividend Comparison
DODBX's dividend yield for the trailing twelve months is around 7.25%, more than VTEAX's 3.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | 7.25% | 7.53% | 8.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 7.53% | 5.59% | 5.44% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.05% | 3.26% | 3.36% | 2.98% | 2.05% | 1.60% | 1.97% | 2.27% | 2.24% | 1.95% | 1.67% | 0.59% |
Drawdowns
DODBX vs. VTEAX - Drawdown Comparison
The maximum DODBX drawdown since its inception was -50.20%, which is greater than VTEAX's maximum drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for DODBX and VTEAX.
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Drawdown Indicators
| DODBX | VTEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.20% | -12.75% | -37.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -4.50% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -12.75% | -4.99% |
Max Drawdown (10Y)Largest decline over 10 years | -31.29% | -12.75% | -18.54% |
Current DrawdownCurrent decline from peak | -4.13% | -2.21% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -2.28% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.36% | +0.52% |
Volatility
DODBX vs. VTEAX - Volatility Comparison
Dodge & Cox Balanced Fund (DODBX) has a higher volatility of 3.03% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.15%. This indicates that DODBX's price experiences larger fluctuations and is considered to be riskier than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODBX | VTEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 1.15% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 5.55% | 1.48% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 4.36% | +5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.82% | 3.57% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.26% | 3.65% | +9.61% |