DODIX vs. SPY
Compare and contrast key facts about Dodge & Cox Income Fund (DODIX) and State Street SPDR S&P 500 ETF (SPY).
DODIX is managed by Dodge & Cox. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
DODIX vs. SPY - Performance Comparison
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DODIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, DODIX achieves a -0.19% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, DODIX has underperformed SPY with an annualized return of 3.02%, while SPY has yielded a comparatively higher 13.98% annualized return.
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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DODIX vs. SPY - Expense Ratio Comparison
DODIX has a 0.41% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
DODIX vs. SPY — Risk / Return Rank
DODIX
SPY
DODIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Income Fund (DODIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| DODIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.93 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.45 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.53 | +0.49 |
Martin ratioReturn relative to average drawdown | 6.03 | 7.30 | -1.26 |
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
| DODIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.93 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.69 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.78 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 0.56 | +0.91 |
Correlation
The correlation between DODIX and SPY is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DODIX vs. SPY - Dividend Comparison
DODIX's dividend yield for the trailing twelve months is around 4.29%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
DODIX vs. SPY - Drawdown Comparison
The maximum DODIX drawdown since its inception was -16.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DODIX and SPY.
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Drawdown Indicators
| DODIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.89% | -55.19% | +38.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -12.05% | +9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.89% | -24.50% | +7.61% |
Max Drawdown (10Y)Largest decline over 10 years | -16.89% | -33.72% | +16.83% |
Current DrawdownCurrent decline from peak | -2.32% | -6.24% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -9.09% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.52% | -1.54% |
Volatility
DODIX vs. SPY - Volatility Comparison
The current volatility for Dodge & Cox Income Fund (DODIX) is 1.85%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that DODIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 5.31% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 9.47% | -6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 19.05% | -14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 17.06% | -11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 17.92% | -13.50% |