DODIX vs. VCPAX

Last updated Apr 1, 2026

Compare and contrast key facts about Dodge & Cox Income Fund (DODIX) and Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX).

DODIX is managed by Dodge & Cox. VCPAX is managed by Vanguard. It was launched on Oct 25, 2021.

Performance

DODIX vs. VCPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox Income Fund (DODIX) and Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX). The values are adjusted to include any dividend payments, if applicable.

DODIX vs. VCPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DODIX Dodge & Cox Income Fund	-0.19%	8.32%	2.25%	7.69%	-11.42%	-0.36%
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares	-0.41%	8.06%	2.95%	6.80%	-12.60%	0.32%

Returns By Period

In the year-to-date period, DODIX achieves a -0.19% return, which is significantly higher than VCPAX's -0.41% 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%

VCPAX

• 1D: 0.47%
• 1M: -2.20%
• YTD: -0.41%
• 6M: 0.76%
• 1Y: 4.63%
• 3Y*: 4.80%
• 5Y*: —
• 10Y*: —

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

DODIX vs. VCPAX - Expense Ratio Comparison

DODIX has a 0.41% expense ratio, which is higher than VCPAX's 0.20% expense ratio.

DODIX

Dodge & Cox Income Fund

VCPAX

Vanguard Core-Plus Bond Fund Admiral Shares

Return for Risk

DODIX vs. VCPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DODIX

DODIX Risk / Return Rank: 67
DODIX Sharpe Ratio Rank: 67
DODIX Sortino Ratio Rank: 67
DODIX Omega Ratio Rank: 53
DODIX Calmar Ratio Rank: 83
DODIX Martin Ratio Rank: 64

VCPAX

VCPAX Risk / Return Rank: 69
VCPAX Sharpe Ratio Rank: 69
VCPAX Sortino Ratio Rank: 70
VCPAX Omega Ratio Rank: 56
VCPAX Calmar Ratio Rank: 82
VCPAX Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DODIX vs. VCPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Income Fund (DODIX) and Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX). 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	VCPAX	Difference
Sharpe ratio Return per unit of total volatility	1.15	1.19	-0.04
Sortino ratio Return per unit of downside risk	1.65	1.72	-0.07
Omega ratio Gain probability vs. loss probability	1.21	1.22	-0.01
Calmar ratio Return relative to maximum drawdown	2.02	1.96	+0.06
Martin ratio Return relative to average drawdown	6.03	6.49	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DODIX vs. VCPAX - Sharpe Ratio Comparison

The current DODIX Sharpe Ratio is 1.15, which is comparable to the VCPAX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of DODIX and VCPAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DODIX	VCPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	1.19	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	0.15	+1.33

Correlation

The correlation between DODIX and VCPAX is 0.97, 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

DODIX vs. VCPAX - Dividend Comparison

DODIX's dividend yield for the trailing twelve months is around 4.29%, less than VCPAX's 4.45% 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%
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares	4.45%	4.86%	5.19%	4.55%	3.26%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DODIX vs. VCPAX - Drawdown Comparison

The maximum DODIX drawdown since its inception was -16.89%, roughly equal to the maximum VCPAX drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for DODIX and VCPAX.

Drawdown Indicators

	DODIX	VCPAX	Difference
Max Drawdown Largest peak-to-trough decline	-16.89%	-17.25%	+0.36%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-2.72%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-16.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.89%	—	—
Current Drawdown Current decline from peak	-2.32%	-2.20%	-0.12%
Average Drawdown Average peak-to-trough decline	-1.50%	-6.65%	+5.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.82%	+0.16%

Volatility

DODIX vs. VCPAX - Volatility Comparison

Dodge & Cox Income Fund (DODIX) has a higher volatility of 1.85% compared to Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) at 1.56%. This indicates that DODIX's price experiences larger fluctuations and is considered to be riskier than VCPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DODIX	VCPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	1.56%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	2.35%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	4.61%	4.04%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.52%	5.70%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.42%	5.70%	-1.28%