DODEX vs. DODWX
Compare and contrast key facts about Dodge & Cox Emerging Markets Stock Fund (DODEX) and Dodge & Cox Global Stock Fund Class I (DODWX).
DODEX is managed by Dodge & Cox. It was launched on May 10, 2021. DODWX is a passively managed fund by Dodge & Cox that tracks the performance of the MSCI All Country World Index. It was launched on May 1, 2008.
Performance
DODEX vs. DODWX - Performance Comparison
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DODEX vs. DODWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 3.84% | 38.64% | 7.47% | 13.37% | -14.91% | -9.57% |
DODWX Dodge & Cox Global Stock Fund Class I | -3.29% | 25.23% | 4.74% | 20.26% | -5.83% | 0.79% |
Returns By Period
In the year-to-date period, DODEX achieves a 3.84% return, which is significantly higher than DODWX's -3.29% return.
DODEX
- 1D
- -0.65%
- 1M
- -10.12%
- YTD
- 3.84%
- 6M
- 8.44%
- 1Y
- 36.44%
- 3Y*
- 18.51%
- 5Y*
- —
- 10Y*
- —
DODWX
- 1D
- 0.13%
- 1M
- -8.99%
- YTD
- -3.29%
- 6M
- 0.57%
- 1Y
- 14.12%
- 3Y*
- 13.23%
- 5Y*
- 9.19%
- 10Y*
- 11.11%
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DODEX vs. DODWX - Expense Ratio Comparison
DODEX has a 0.70% expense ratio, which is higher than DODWX's 0.62% expense ratio.
Return for Risk
DODEX vs. DODWX — Risk / Return Rank
DODEX
DODWX
DODEX vs. DODWX - 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 Stock Fund Class I (DODWX). 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 | DODWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.28 | 0.93 | +1.35 |
Sortino ratioReturn per unit of downside risk | 2.84 | 1.31 | +1.53 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.03 | +1.76 |
Martin ratioReturn relative to average drawdown | 11.14 | 4.44 | +6.70 |
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 | DODWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 0.93 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.33 | +0.06 |
Correlation
The correlation between DODEX and DODWX is 0.75, 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
DODEX vs. DODWX - Dividend Comparison
DODEX's dividend yield for the trailing twelve months is around 2.72%, less than DODWX's 8.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.72% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DODWX Dodge & Cox Global Stock Fund Class I | 8.70% | 8.41% | 14.35% | 1.62% | 7.73% | 10.76% | 1.31% | 7.41% | 9.78% | 4.37% | 2.86% | 3.95% |
Drawdowns
DODEX vs. DODWX - Drawdown Comparison
The maximum DODEX drawdown since its inception was -37.01%, smaller than the maximum DODWX drawdown of -63.00%. Use the drawdown chart below to compare losses from any high point for DODEX and DODWX.
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Drawdown Indicators
| DODEX | DODWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -63.00% | +25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -11.75% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.17% | — |
Current DrawdownCurrent decline from peak | -10.97% | -8.99% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -9.93% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.73% | +0.24% |
Volatility
DODEX vs. DODWX - Volatility Comparison
Dodge & Cox Emerging Markets Stock Fund (DODEX) has a higher volatility of 7.14% compared to Dodge & Cox Global Stock Fund Class I (DODWX) at 4.61%. This indicates that DODEX's price experiences larger fluctuations and is considered to be riskier than DODWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODEX | DODWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 4.61% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 8.63% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 14.93% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 18.21% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 19.62% | -2.90% |