DODLX vs. DODBX
Compare and contrast key facts about Dodge & Cox Global Bond Fund (DODLX) and Dodge & Cox Balanced Fund (DODBX).
DODLX is managed by Dodge & Cox. It was launched on Apr 30, 2014. DODBX is managed by Dodge & Cox. It was launched on Jun 25, 1931.
Performance
DODLX vs. DODBX - Performance Comparison
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DODLX vs. DODBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DODLX Dodge & Cox Global Bond Fund | -0.21% | 11.51% | 0.55% | 12.30% | -8.21% | -0.85% | 11.87% | 12.23% | -1.45% | 8.31% |
DODBX Dodge & Cox Balanced Fund | -0.36% | 14.44% | 8.76% | 13.77% | -7.30% | 19.21% | 7.93% | 19.64% | -4.66% | 11.51% |
Returns By Period
In the year-to-date period, DODLX achieves a -0.21% return, which is significantly higher than DODBX's -0.36% return. Over the past 10 years, DODLX has underperformed DODBX with an annualized return of 4.88%, while DODBX has yielded a comparatively higher 9.45% annualized return.
DODLX
- 1D
- 0.45%
- 1M
- -2.29%
- YTD
- -0.21%
- 6M
- 0.57%
- 1Y
- 6.83%
- 3Y*
- 6.69%
- 5Y*
- 3.17%
- 10Y*
- 4.88%
DODBX
- 1D
- 1.37%
- 1M
- -3.79%
- YTD
- -0.36%
- 6M
- 1.20%
- 1Y
- 8.67%
- 3Y*
- 11.26%
- 5Y*
- 7.08%
- 10Y*
- 9.45%
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DODLX vs. DODBX - Expense Ratio Comparison
DODLX has a 0.45% expense ratio, which is lower than DODBX's 0.52% expense ratio.
Return for Risk
DODLX vs. DODBX — Risk / Return Rank
DODLX
DODBX
DODLX vs. DODBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Bond Fund (DODLX) and Dodge & Cox Balanced Fund (DODBX). 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.
| DODLX | DODBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 0.90 | +0.72 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.28 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.11 | +0.91 |
Martin ratioReturn relative to average drawdown | 8.00 | 4.57 | +3.43 |
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
| DODLX | DODBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 0.90 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.66 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.72 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.73 | +0.05 |
Correlation
The correlation between DODLX and DODBX is 0.39, 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
DODLX vs. DODBX - Dividend Comparison
DODLX's dividend yield for the trailing twelve months is around 4.09%, less than DODBX's 7.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODLX Dodge & Cox Global Bond Fund | 4.09% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% | 0.00% |
DODBX Dodge & Cox Balanced Fund | 7.25% | 7.53% | 8.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 7.53% | 5.59% | 5.44% |
Drawdowns
DODLX vs. DODBX - Drawdown Comparison
The maximum DODLX drawdown since its inception was -16.30%, smaller than the maximum DODBX drawdown of -50.20%. Use the drawdown chart below to compare losses from any high point for DODLX and DODBX.
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Drawdown Indicators
| DODLX | DODBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.30% | -50.20% | +33.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -7.71% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | -17.74% | +1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -16.30% | -31.29% | +14.99% |
Current DrawdownCurrent decline from peak | -2.88% | -4.13% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -4.69% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.88% | -0.95% |
Volatility
DODLX vs. DODBX - Volatility Comparison
The current volatility for Dodge & Cox Global Bond Fund (DODLX) is 2.02%, while Dodge & Cox Balanced Fund (DODBX) has a volatility of 3.03%. This indicates that DODLX experiences smaller price fluctuations and is considered to be less risky than DODBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODLX | DODBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 3.03% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 5.55% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 9.79% | -5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 10.82% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 13.26% | -8.49% |