DODEX vs. EELV
Compare and contrast key facts about Dodge & Cox Emerging Markets Stock Fund (DODEX) and Invesco S&P Emerging Markets Low Volatility ETF (EELV).
DODEX is managed by Dodge & Cox. It was launched on May 10, 2021. EELV is a passively managed fund by Invesco that tracks the performance of the S&P BMI Emerging Markets Low Volatility Index. It was launched on Jan 13, 2012.
Performance
DODEX vs. EELV - Performance Comparison
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DODEX vs. EELV - 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% |
EELV Invesco S&P Emerging Markets Low Volatility ETF | 3.35% | 21.97% | 1.90% | 8.85% | -3.98% | 6.83% |
Returns By Period
In the year-to-date period, DODEX achieves a 3.84% return, which is significantly higher than EELV's 3.35% return.
DODEX
- 1D
- -0.65%
- 1M
- -10.12%
- YTD
- 3.84%
- 6M
- 8.44%
- 1Y
- 36.44%
- 3Y*
- 18.51%
- 5Y*
- —
- 10Y*
- —
EELV
- 1D
- 2.07%
- 1M
- -4.13%
- YTD
- 3.35%
- 6M
- 6.88%
- 1Y
- 20.18%
- 3Y*
- 11.22%
- 5Y*
- 7.96%
- 10Y*
- 6.20%
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DODEX vs. EELV - Expense Ratio Comparison
DODEX has a 0.70% expense ratio, which is higher than EELV's 0.30% expense ratio.
Return for Risk
DODEX vs. EELV — Risk / Return Rank
DODEX
EELV
DODEX vs. EELV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Emerging Markets Stock Fund (DODEX) and Invesco S&P Emerging Markets Low Volatility ETF (EELV). 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 | EELV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.28 | 1.65 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.84 | 2.31 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.33 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.52 | +0.27 |
Martin ratioReturn relative to average drawdown | 11.14 | 9.42 | +1.72 |
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 | EELV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.65 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.30 | +0.08 |
Correlation
The correlation between DODEX and EELV is 0.73, 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. EELV - Dividend Comparison
DODEX's dividend yield for the trailing twelve months is around 2.72%, less than EELV's 3.62% 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% |
EELV Invesco S&P Emerging Markets Low Volatility ETF | 3.62% | 3.75% | 4.70% | 4.00% | 3.45% | 4.35% | 2.82% | 3.14% | 5.50% | 2.92% | 2.29% | 2.53% |
Drawdowns
DODEX vs. EELV - Drawdown Comparison
The maximum DODEX drawdown since its inception was -37.01%, roughly equal to the maximum EELV drawdown of -36.35%. Use the drawdown chart below to compare losses from any high point for DODEX and EELV.
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Drawdown Indicators
| DODEX | EELV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -36.35% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -8.22% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.35% | — |
Current DrawdownCurrent decline from peak | -10.97% | -5.28% | -5.69% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -9.00% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.20% | +0.77% |
Volatility
DODEX vs. EELV - Volatility Comparison
Dodge & Cox Emerging Markets Stock Fund (DODEX) has a higher volatility of 7.14% compared to Invesco S&P Emerging Markets Low Volatility ETF (EELV) at 5.96%. This indicates that DODEX's price experiences larger fluctuations and is considered to be riskier than EELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODEX | EELV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 5.96% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 8.40% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 12.26% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 11.52% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 13.70% | +3.02% |