DODEX vs. DOXIX
DODEX (Dodge & Cox Emerging Markets Stock Fund) and DOXIX (Dodge & Cox Income Fund Class X) are both mutual funds - DODEX is a Emerging Markets Diversified fund managed by Dodge & Cox, while DOXIX is a Intermediate Core-Plus Bond fund actively managed by Dodge & Cox. Over the past 3 years, DODEX returned 25.90%/yr vs 5.17%/yr for DOXIX. At a 0.19 correlation, their price movements are largely independent. DODEX charges 0.70%/yr vs 0.33%/yr for DOXIX.
Performance
DODEX vs. DOXIX - Performance Comparison
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Returns By Period
In the year-to-date period, DODEX achieves a 25.94% return, which is significantly higher than DOXIX's 0.45% return.
DODEX
- 1D
- 0.89%
- 1M
- 4.53%
- YTD
- 25.94%
- 6M
- 26.80%
- 1Y
- 54.38%
- 3Y*
- 25.90%
- 5Y*
- 10.31%
- 10Y*
- —
DOXIX
- 1D
- -0.23%
- 1M
- 0.71%
- YTD
- 0.45%
- 6M
- 0.61%
- 1Y
- 5.24%
- 3Y*
- 5.17%
- 5Y*
- —
- 10Y*
- —
DODEX vs. DOXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 25.94% | 38.64% | 7.47% | 13.37% | -0.99% |
DOXIX Dodge & Cox Income Fund Class X | 0.45% | 8.39% | 2.33% | 7.75% | -2.35% |
Correlation
The correlation between DODEX and DOXIX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.19 |
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Return for Risk
DODEX vs. DOXIX — Risk / Return Rank
DODEX
DOXIX
DODEX vs. DOXIX - 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 Income Fund Class X (DOXIX). 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.
| DODEX | DOXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.25 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 1.78 | +3.20 |
| Martin ratioReturn relative to average drawdown | 18.35 | 5.11 | +13.23 |
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Drawdowns
DODEX vs. DOXIX - Drawdown Comparison
The maximum DODEX drawdown since its inception was -37.01%, which is greater than DOXIX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for DODEX and DOXIX.
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Drawdown Indicators
| DODEX | DOXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -8.83% | -28.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -3.15% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -5.66% | -10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -36.02% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.69% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -1.86% | -10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.09% | +1.88% |
Volatility
DODEX vs. DOXIX - Volatility Comparison
Dodge & Cox Emerging Markets Stock Fund (DODEX) has a higher volatility of 7.37% compared to Dodge & Cox Income Fund Class X (DOXIX) at 1.18%. This indicates that DODEX's price experiences larger fluctuations and is considered to be riskier than DOXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODEX | DOXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 1.18% | +6.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.74% | 3.02% | +10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 4.02% | +11.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 5.84% | +11.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 5.84% | +11.12% |
DODEX vs. DOXIX - Expense Ratio Comparison
DODEX has a 0.70% expense ratio, which is higher than DOXIX's 0.33% expense ratio.
Dividends
DODEX vs. DOXIX - Dividend Comparison
DODEX's dividend yield for the trailing twelve months is around 2.25%, less than DOXIX's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.25% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% |
DOXIX Dodge & Cox Income Fund Class X | 4.33% | 4.30% | 4.32% | 3.92% | 2.30% | 0.00% |
Frequently Asked Questions
DODEX and DOXIX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DODEX has higher volatility (7.37%) compared to DOXIX (1.18%). In terms of maximum drawdown, DODEX dropped -37.01% vs DOXIX's -8.83%.
DODEX currently has the higher Sharpe Ratio (3.47 vs 1.40), 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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