DODEX vs. DODLX
Compare and contrast key facts about Dodge & Cox Emerging Markets Stock Fund (DODEX) and Dodge & Cox Global Bond Fund (DODLX).
DODEX is managed by Dodge & Cox. It was launched on May 10, 2021. DODLX is managed by Dodge & Cox. It was launched on Apr 30, 2014.
Performance
DODEX vs. DODLX - Performance Comparison
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DODEX vs. DODLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 5.97% | 38.64% | 7.47% | 13.37% | -14.91% | -9.57% |
DODLX Dodge & Cox Global Bond Fund | -0.21% | 11.51% | 0.55% | 12.30% | -8.21% | 0.17% |
Returns By Period
In the year-to-date period, DODEX achieves a 5.97% return, which is significantly higher than DODLX's -0.21% return.
DODEX
- 1D
- 2.05%
- 1M
- -7.66%
- YTD
- 5.97%
- 6M
- 10.10%
- 1Y
- 37.89%
- 3Y*
- 19.31%
- 5Y*
- —
- 10Y*
- —
DODLX
- 1D
- 0.45%
- 1M
- -2.29%
- YTD
- -0.21%
- 6M
- 0.57%
- 1Y
- 6.83%
- 3Y*
- 6.69%
- 5Y*
- 3.17%
- 10Y*
- 4.88%
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DODEX vs. DODLX - Expense Ratio Comparison
DODEX has a 0.70% expense ratio, which is higher than DODLX's 0.45% expense ratio.
Return for Risk
DODEX vs. DODLX — Risk / Return Rank
DODEX
DODLX
DODEX vs. DODLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Emerging Markets Stock Fund (DODEX) 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.
| DODEX | DODLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 1.63 | +0.90 |
Sortino ratioReturn per unit of downside risk | 3.12 | 2.31 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.30 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 2.02 | +1.18 |
Martin ratioReturn relative to average drawdown | 12.57 | 8.00 | +4.57 |
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
| DODEX | DODLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 1.63 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.78 | -0.37 |
Correlation
The correlation between DODEX and DODLX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DODEX vs. DODLX - Dividend Comparison
DODEX's dividend yield for the trailing twelve months is around 2.67%, less than DODLX's 4.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.67% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DODLX Dodge & Cox Global Bond Fund | 4.09% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% |
Drawdowns
DODEX vs. DODLX - Drawdown Comparison
The maximum DODEX drawdown since its inception was -37.01%, which is greater than DODLX's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for DODEX and DODLX.
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Drawdown Indicators
| DODEX | DODLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -16.30% | -20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -3.67% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.30% | — |
Current DrawdownCurrent decline from peak | -9.14% | -2.88% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -13.19% | -3.06% | -10.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.93% | +2.10% |
Volatility
DODEX vs. DODLX - Volatility Comparison
Dodge & Cox Emerging Markets Stock Fund (DODEX) has a higher volatility of 7.57% compared to Dodge & Cox Global Bond Fund (DODLX) at 2.02%. This indicates that DODEX'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
| DODEX | DODLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 2.02% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 2.79% | +8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 4.46% | +11.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 5.17% | +11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 4.77% | +11.97% |