DODFX vs. IVFIX

Last updated Aug 4, 2026

DODFX (Dodge & Cox International Stock Fund) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, DODFX returned 11.11%/yr vs 7.22%/yr for IVFIX. Their correlation of 0.81 means they have usually moved in the same direction. DODFX charges 0.61%/yr vs 0.86%/yr for IVFIX.

Performance

DODFX vs. IVFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox International Stock Fund (DODFX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DODFX achieves a 14.88% return, which is significantly higher than IVFIX's 11.54% return. Over the past 10 years, DODFX has outperformed IVFIX with an annualized return of 11.11%, while IVFIX has yielded a comparatively lower 7.22% annualized return.

DODFX

• 1D: 0.11%
• 1M: 0.91%
• 6M: 8.18%
• YTD: 14.88%
• 1Y: 31.04%
• 3Y*: 18.81%
• 5Y*: 12.71%
• 10Y*: 11.11%
• ALL TIME*: 8.39%

IVFIX

• 1D: -0.60%
• 1M: 2.69%
• 6M: 7.03%
• YTD: 11.54%
• 1Y: 23.84%
• 3Y*: 15.19%
• 5Y*: 10.39%
• 10Y*: 7.22%
• ALL TIME*: 3.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DODFX Dodge & Cox International Stock Fund	$0.00	$0.00	$0.00
IVFIX Federated Hermes International Strategic Value Dividend Fund	$0.00	$0.00	$0.00

DODFX vs. IVFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DODFX Dodge & Cox International Stock Fund	14.88%	38.77%	3.74%	16.70%	-6.78%	10.99%	5.15%	22.79%	-18.01%	23.95%
IVFIX Federated Hermes International Strategic Value Dividend Fund	11.54%	31.79%	1.91%	11.05%	-2.54%	11.58%	-1.74%	20.15%	-11.96%	14.63%

Correlation

The correlation between DODFX and IVFIX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Jun 3, 2008	0.81

Over the past year, the correlation between DODFX and IVFIX has dropped to 0.49 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

DODFX vs. IVFIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DODFX

DODFX Risk / Return Rank: 82
DODFX Sharpe Ratio Rank: 86
DODFX Sortino Ratio Rank: 81
DODFX Omega Ratio Rank: 81
DODFX Calmar Ratio Rank: 80
DODFX Martin Ratio Rank: 82

IVFIX

IVFIX Risk / Return Rank: 88
IVFIX Sharpe Ratio Rank: 93
IVFIX Sortino Ratio Rank: 90
IVFIX Omega Ratio Rank: 87
IVFIX Calmar Ratio Rank: 94
IVFIX Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DODFX vs. IVFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox International Stock Fund (DODFX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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.

	DODFX	IVFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.43	-0.29
Sortino ratio: Return per unit of downside risk	2.89	3.43	-0.54
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio: Return relative to maximum drawdown	2.73	4.20	-1.46
Martin ratio: Return relative to average drawdown	10.38	9.64	+0.74

DODFX vs. IVFIX - Sharpe Ratio Comparison

The current DODFX Sharpe Ratio is 2.14, which is comparable to the IVFIX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of DODFX and IVFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DODFX vs. IVFIX - Drawdown Comparison

The maximum DODFX drawdown since its inception was -63.23%, which is greater than IVFIX's maximum drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for DODFX and IVFIX.

Drawdown Indicators

	DODFX	IVFIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.23%	-51.49%	-11.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-6.97%	-4.17%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-10.75%	-3.66%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-21.29%	-3.23%
Max Drawdown (10Y) Largest decline over 10 years	-44.61%	-33.46%	-11.15%
Current Drawdown Current decline from peak	0.00%	-0.96%	+0.96%
Average Drawdown Average peak-to-trough decline	-11.59%	-11.55%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.82%	+0.11%

Volatility

DODFX vs. IVFIX - Volatility Comparison

Dodge & Cox International Stock Fund (DODFX) has a higher volatility of 4.00% compared to Federated Hermes International Strategic Value Dividend Fund (IVFIX) at 3.27%. This indicates that DODFX's price experiences larger fluctuations and is considered to be riskier than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DODFX	IVFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	3.27%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	9.73%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	12.09%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	13.13%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	14.56%	+3.28%

DODFX vs. IVFIX - Expense Ratio Comparison

DODFX has a 0.61% expense ratio, which is lower than IVFIX's 0.86% expense ratio.

Dividends

DODFX vs. IVFIX - Dividend Comparison

DODFX's dividend yield for the trailing twelve months is around 4.40%, more than IVFIX's 3.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODFX Dodge & Cox International Stock Fund	4.40%	5.05%	2.25%	2.29%	2.23%	2.49%	4.21%	3.93%	2.93%	1.93%	3.66%	2.30%
IVFIX Federated Hermes International Strategic Value Dividend Fund	3.54%	3.37%	4.44%	4.01%	3.99%	3.67%	3.62%	3.98%	4.97%	4.17%	3.38%	3.95%

Frequently Asked Questions

Can I hold both DODFX and IVFIX in my portfolio?

DODFX and IVFIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DODFX or IVFIX?

DODFX has higher volatility (4.00%) compared to IVFIX (3.27%). In terms of maximum drawdown, DODFX dropped -63.23% vs IVFIX's -51.49%.

Which has better risk-adjusted returns?

IVFIX currently has the higher Sharpe Ratio (2.43 vs 2.14), 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.