DODIX vs. BCOIX
DODIX (Dodge & Cox Income Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, DODIX returned 2.92%/yr vs 2.41%/yr for BCOIX. Their correlation of 0.89 suggests significant overlap in exposure. DODIX charges 0.41%/yr vs 0.30%/yr for BCOIX.
Performance
DODIX vs. BCOIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DODIX having a 0.67% return and BCOIX slightly lower at 0.64%. Over the past 10 years, DODIX has outperformed BCOIX with an annualized return of 2.92%, while BCOIX has yielded a comparatively lower 2.41% annualized return.
DODIX
- 1D
- 0.23%
- 1M
- 0.95%
- YTD
- 0.67%
- 6M
- 0.83%
- 1Y
- 5.75%
- 3Y*
- 5.20%
- 5Y*
- 1.20%
- 10Y*
- 2.92%
BCOIX
- 1D
- 0.20%
- 1M
- 0.97%
- YTD
- 0.64%
- 6M
- 0.87%
- 1Y
- 5.02%
- 3Y*
- 4.93%
- 5Y*
- 0.66%
- 10Y*
- 2.41%
DODIX vs. BCOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DODIX Dodge & Cox Income Fund | 0.67% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
BCOIX Baird Core Plus Bond Fund | 0.64% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | -0.52% | 4.65% |
Correlation
The correlation between DODIX and BCOIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.89 |
The correlation between DODIX and BCOIX has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
DODIX vs. BCOIX — Risk / Return Rank
DODIX
BCOIX
DODIX vs. BCOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Income Fund (DODIX) and Baird Core Plus Bond Fund (BCOIX). 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.
| DODIX | BCOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.95 | -0.13 |
| Martin ratioReturn relative to average drawdown | 5.22 | 5.51 | -0.29 |
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Drawdowns
DODIX vs. BCOIX - Drawdown Comparison
The maximum DODIX drawdown since its inception was -16.89%, smaller than the maximum BCOIX drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for DODIX and BCOIX.
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Drawdown Indicators
| DODIX | BCOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.89% | -18.13% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.58% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -5.61% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.89% | -18.13% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -16.89% | -18.13% | +1.24% |
Current DrawdownCurrent decline from peak | -1.48% | -1.05% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -2.18% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.91% | +0.19% |
Volatility
DODIX vs. BCOIX - Volatility Comparison
Dodge & Cox Income Fund (DODIX) has a higher volatility of 1.18% compared to Baird Core Plus Bond Fund (BCOIX) at 1.09%. This indicates that DODIX's price experiences larger fluctuations and is considered to be riskier than BCOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODIX | BCOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.09% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.72% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 3.64% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 5.65% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 4.68% | -0.23% |
DODIX vs. BCOIX - Expense Ratio Comparison
DODIX has a 0.41% expense ratio, which is higher than BCOIX's 0.30% expense ratio.
Dividends
DODIX vs. BCOIX - Dividend Comparison
DODIX's dividend yield for the trailing twelve months is around 4.25%, less than BCOIX's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 4.34% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |
DODIX Dodge & Cox Income Fund | 4.25% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Frequently Asked Questions
With a correlation of 0.95, DODIX and BCOIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DODIX has higher volatility (1.18%) compared to BCOIX (1.09%). In terms of maximum drawdown, DODIX dropped -16.89% vs BCOIX's -18.13%.
DODIX currently has the higher Sharpe Ratio (1.43 vs 1.38), 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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