DODLX vs. FIVFX

Last updated Jul 21, 2026

DODLX (Dodge & Cox Global Bond Fund Class I) and FIVFX (Fidelity International Capital Appreciation Fund) are both mutual funds - DODLX is a Global Bonds fund managed by Dodge & Cox, while FIVFX is a Foreign Large Cap Equities fund managed by Fidelity. At a 0.44 correlation, their price movements are largely independent. DODLX charges 0.45%/yr vs 1.00%/yr for FIVFX.

Performance

DODLX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox Global Bond Fund Class I (DODLX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DODLX

• 1D: -0.09%
• 1M: -0.25%
• 6M: 0.71%
• YTD: 0.97%
• 1Y: 5.51%
• 3Y*: 6.02%
• 5Y*: 2.93%
• 10Y*: 4.57%
• ALL TIME*: 3.58%

FIVFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

DODLX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DODLX Dodge & Cox Global Bond Fund Class I	0.97%	11.51%	0.55%	12.30%	-8.21%	-0.85%	11.87%	12.23%	-1.45%	8.31%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	35.81%

Correlation

The correlation between DODLX and FIVFX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 1, 2014	0.44

The correlation between DODLX and FIVFX shifts across timeframes, from -0.01 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DODLX vs. FIVFX — Risk / Return Rank

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

DODLX

DODLX Risk / Return Rank: 30
DODLX Sharpe Ratio Rank: 33
DODLX Sortino Ratio Rank: 33
DODLX Omega Ratio Rank: 33
DODLX Calmar Ratio Rank: 26
DODLX Martin Ratio Rank: 24

FIVFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DODLX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Bond Fund Class I (DODLX) and Fidelity International Capital Appreciation Fund (FIVFX). 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	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	—	—
Sortino ratio: Return per unit of downside risk	1.89	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.54	—	—
Martin ratio: Return relative to average drawdown	4.44	—	—

Drawdowns

Drawdown Indicators

	DODLX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-16.30%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.30%	—	—
Current Drawdown Current decline from peak	-1.73%	—	—
Average Drawdown Average peak-to-trough decline	-3.03%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	—	—

Volatility

Volatility by Period

	DODLX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.28%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.81%	—	—

DODLX vs. FIVFX - Expense Ratio Comparison

DODLX has a 0.45% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

DODLX vs. FIVFX - Dividend Comparison

DODLX's dividend yield for the trailing twelve months is around 4.14%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODLX Dodge & Cox Global Bond Fund Class I	4.14%	4.07%	4.73%	3.31%	5.05%	3.86%	2.66%	3.40%	5.19%	2.45%	1.69%	0.00%
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%

Frequently Asked Questions

Can I hold both DODLX and FIVFX in my portfolio?

DODLX and FIVFX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.