DODWX vs. DODEX
Compare and contrast key facts about Dodge & Cox Global Stock Fund Class I (DODWX) and Dodge & Cox Emerging Markets Stock Fund (DODEX).
DODWX is a passively managed fund by Dodge & Cox that tracks the performance of the MSCI All Country World Index. It was launched on May 1, 2008. DODEX is managed by Dodge & Cox. It was launched on May 10, 2021.
Performance
DODWX vs. DODEX - Performance Comparison
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DODWX vs. DODEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DODWX Dodge & Cox Global Stock Fund Class I | -1.01% | 25.23% | 4.74% | 20.26% | -5.83% | 0.79% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 5.97% | 38.64% | 7.47% | 13.37% | -14.91% | -9.57% |
Returns By Period
In the year-to-date period, DODWX achieves a -1.01% return, which is significantly lower than DODEX's 5.97% return.
DODWX
- 1D
- 2.35%
- 1M
- -6.23%
- YTD
- -1.01%
- 6M
- 2.20%
- 1Y
- 16.57%
- 3Y*
- 14.12%
- 5Y*
- 9.50%
- 10Y*
- 11.37%
DODEX
- 1D
- 2.05%
- 1M
- -7.66%
- YTD
- 5.97%
- 6M
- 10.10%
- 1Y
- 37.89%
- 3Y*
- 19.31%
- 5Y*
- —
- 10Y*
- —
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DODWX vs. DODEX - Expense Ratio Comparison
DODWX has a 0.62% expense ratio, which is lower than DODEX's 0.70% expense ratio.
Return for Risk
DODWX vs. DODEX — Risk / Return Rank
DODWX
DODEX
DODWX vs. DODEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Stock Fund Class I (DODWX) and Dodge & Cox Emerging Markets Stock Fund (DODEX). 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.
| DODWX | DODEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 2.52 | -1.40 |
Sortino ratioReturn per unit of downside risk | 1.56 | 3.12 | -1.55 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.49 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 3.21 | -1.80 |
Martin ratioReturn relative to average drawdown | 5.97 | 12.57 | -6.60 |
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
| DODWX | DODEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 2.52 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.41 | -0.08 |
Correlation
The correlation between DODWX and DODEX is 0.75, 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
DODWX vs. DODEX - Dividend Comparison
DODWX's dividend yield for the trailing twelve months is around 8.50%, more than DODEX's 2.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODWX Dodge & Cox Global Stock Fund Class I | 8.50% | 8.41% | 14.35% | 1.62% | 7.73% | 10.76% | 1.31% | 7.41% | 9.78% | 4.37% | 2.86% | 3.95% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.67% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DODWX vs. DODEX - Drawdown Comparison
The maximum DODWX drawdown since its inception was -63.00%, which is greater than DODEX's maximum drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for DODWX and DODEX.
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Drawdown Indicators
| DODWX | DODEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.00% | -37.01% | -25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -11.87% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | — | — |
Current DrawdownCurrent decline from peak | -6.85% | -9.14% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -13.19% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.03% | -0.27% |
Volatility
DODWX vs. DODEX - Volatility Comparison
The current volatility for Dodge & Cox Global Stock Fund Class I (DODWX) is 5.37%, while Dodge & Cox Emerging Markets Stock Fund (DODEX) has a volatility of 7.57%. This indicates that DODWX experiences smaller price fluctuations and is considered to be less risky than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODWX | DODEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 7.57% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 11.11% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 15.66% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.24% | 16.74% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 16.74% | +2.89% |