DODLX vs. FFHCX
Compare and contrast key facts about Dodge & Cox Global Bond Fund (DODLX) and Fidelity Series Floating Rate High Income Fund (FFHCX).
DODLX is managed by Dodge & Cox. It was launched on Apr 30, 2014. FFHCX is managed by Fidelity. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DODLX or FFHCX.
Key characteristics
| DODLX | FFHCX | |
|---|---|---|
| YTD Return | -1.25% | 4.00% |
| 1Y Return | 6.25% | 12.39% |
| 3Y Return (Ann) | 0.63% | 6.65% |
| 5Y Return (Ann) | 3.81% | 5.79% |
| 10Y Return (Ann) | 2.92% | 4.72% |
| Sharpe Ratio | 1.02 | 4.02 |
| Daily Std Dev | 5.95% | 3.10% |
| Max Drawdown | -16.30% | -21.45% |
| Current Drawdown | -1.52% | 0.00% |
Correlation
The correlation between DODLX and FFHCX is 0.34, 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.
Performance
DODLX vs. FFHCX - Performance Comparison
In the year-to-date period, DODLX achieves a -1.25% return, which is significantly lower than FFHCX's 4.00% return. Over the past 10 years, DODLX has underperformed FFHCX with an annualized return of 2.92%, while FFHCX has yielded a comparatively higher 4.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DODLX vs. FFHCX - Expense Ratio Comparison
DODLX has a 0.45% expense ratio, which is higher than FFHCX's 0.00% expense ratio.
Risk-Adjusted Performance
DODLX vs. FFHCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Bond Fund (DODLX) and Fidelity Series Floating Rate High Income Fund (FFHCX). 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.
Dividends
DODLX vs. FFHCX - Dividend Comparison
DODLX's dividend yield for the trailing twelve months is around 3.60%, less than FFHCX's 9.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODLX Dodge & Cox Global Bond Fund | 3.60% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% | 0.00% | 1.40% | 0.00% |
FFHCX Fidelity Series Floating Rate High Income Fund | 9.82% | 9.47% | 5.90% | 4.29% | 4.61% | 5.92% | 6.69% | 4.79% | 4.42% | 5.15% | 8.23% | 4.40% |
Drawdowns
DODLX vs. FFHCX - Drawdown Comparison
The maximum DODLX drawdown since its inception was -16.30%, smaller than the maximum FFHCX drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for DODLX and FFHCX. For additional features, visit the drawdowns tool.
Volatility
DODLX vs. FFHCX - Volatility Comparison
Dodge & Cox Global Bond Fund (DODLX) has a higher volatility of 1.89% compared to Fidelity Series Floating Rate High Income Fund (FFHCX) at 1.38%. This indicates that DODLX's price experiences larger fluctuations and is considered to be riskier than FFHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.