DODLX vs. DIBRX
DODLX (Dodge & Cox Global Bond Fund) and DIBRX (BNY Mellon International Bond Fund) are both Global Bonds funds. Over the past 10 years, DODLX returned 4.83%/yr vs -0.37%/yr for DIBRX. A 0.59 correlation means they provide meaningful diversification when combined. DODLX charges 0.45%/yr vs 0.73%/yr for DIBRX.
Performance
DODLX vs. DIBRX - Performance Comparison
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Returns By Period
In the year-to-date period, DODLX achieves a 0.96% return, which is significantly higher than DIBRX's -1.88% return. Over the past 10 years, DODLX has outperformed DIBRX with an annualized return of 4.83%, while DIBRX has yielded a comparatively lower -0.37% annualized return.
DODLX
- 1D
- -0.09%
- 1M
- 0.71%
- YTD
- 0.96%
- 6M
- 0.87%
- 1Y
- 5.26%
- 3Y*
- 6.55%
- 5Y*
- 3.00%
- 10Y*
- 4.83%
DIBRX
- 1D
- -0.16%
- 1M
- -0.63%
- YTD
- -1.88%
- 6M
- -1.88%
- 1Y
- -2.28%
- 3Y*
- 2.72%
- 5Y*
- -2.53%
- 10Y*
- -0.37%
DODLX vs. DIBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DODLX Dodge & Cox Global Bond Fund | 0.96% | 11.51% | 0.55% | 12.30% | -8.21% | -0.85% | 11.87% | 12.23% | -1.45% | 8.31% |
DIBRX BNY Mellon International Bond Fund | -1.88% | 8.51% | -3.14% | 5.70% | -16.81% | -6.80% | 8.38% | 5.16% | -5.80% | 12.58% |
Correlation
The correlation between DODLX and DIBRX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.59 |
Over the past year, DODLX and DIBRX have become more correlated (0.81) than their long-term average of 0.59, meaning their price movements have been converging.
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Return for Risk
DODLX vs. DIBRX — Risk / Return Rank
DODLX
DIBRX
DODLX vs. DIBRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Bond Fund (DODLX) and BNY Mellon International Bond Fund (DIBRX). 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.
| DODLX | DIBRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.96 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.34 | +1.91 |
| Martin ratioReturn relative to average drawdown | 4.74 | -0.78 | +5.52 |
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Drawdowns
DODLX vs. DIBRX - Drawdown Comparison
The maximum DODLX drawdown since its inception was -16.30%, smaller than the maximum DIBRX drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for DODLX and DIBRX.
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Drawdown Indicators
| DODLX | DIBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.30% | -30.62% | +14.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -5.21% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -6.21% | -8.76% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | -28.27% | +11.97% |
Max Drawdown (10Y)Largest decline over 10 years | -16.30% | -30.62% | +14.32% |
Current DrawdownCurrent decline from peak | -1.75% | -16.10% | +14.35% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -7.22% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.28% | -1.07% |
Volatility
DODLX vs. DIBRX - Volatility Comparison
The current volatility for Dodge & Cox Global Bond Fund (DODLX) is 1.41%, while BNY Mellon International Bond Fund (DIBRX) has a volatility of 1.63%. This indicates that DODLX experiences smaller price fluctuations and is considered to be less risky than DIBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODLX | DIBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.63% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.48% | 4.99% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 6.63% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 7.43% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.81% | 7.10% | -2.29% |
DODLX vs. DIBRX - Expense Ratio Comparison
DODLX has a 0.45% expense ratio, which is lower than DIBRX's 0.73% expense ratio.
Dividends
DODLX vs. DIBRX - Dividend Comparison
DODLX's dividend yield for the trailing twelve months is around 4.05%, more than DIBRX's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | 3.15% | 2.48% | 2.34% | 0.00% | 0.58% | 1.90% | 2.16% | 0.00% | 3.64% | 3.81% | 0.61% | 5.14% |
DODLX Dodge & Cox Global Bond Fund | 4.05% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% | 0.00% |
Frequently Asked Questions
DODLX and DIBRX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIBRX has higher volatility (1.63%) compared to DODLX (1.41%). In terms of maximum drawdown, DODLX dropped -16.30% vs DIBRX's -30.62%.
DODLX currently has the higher Sharpe Ratio (1.33 vs -0.27), 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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