DODWX vs. MBXAX
DODWX (Dodge & Cox Global Stock Fund Class I) and MBXAX (Catalyst/Millburn Hedge Strategy Fund) are both mutual funds - DODWX is a Global Equities fund tracking the MSCI All Country World Index, while MBXAX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, DODWX returned 12.08%/yr vs 7.43%/yr for MBXAX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. DODWX charges 0.62%/yr vs 2.18%/yr for MBXAX.
Performance
DODWX vs. MBXAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DODWX having a 13.60% return and MBXAX slightly lower at 13.04%. Over the past 10 years, DODWX has outperformed MBXAX with an annualized return of 12.08%, while MBXAX has yielded a comparatively lower 7.43% annualized return.
DODWX
- 1D
- 0.79%
- 1M
- 2.75%
- 6M
- 9.11%
- YTD
- 13.60%
- 1Y
- 25.83%
- 3Y*
- 15.83%
- 5Y*
- 11.38%
- 10Y*
- 12.08%
- ALL TIME*
- 8.20%
MBXAX
- 1D
- -0.46%
- 1M
- -1.78%
- 6M
- 9.07%
- YTD
- 13.04%
- 1Y
- 17.00%
- 3Y*
- 9.76%
- 5Y*
- 7.34%
- 10Y*
- 7.43%
- ALL TIME*
- 8.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DODWX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DODWX Dodge & Cox Global Stock Fund Class I | 13.60% | 25.23% | 4.74% | 20.26% | -5.83% | 20.57% | 6.01% | 23.87% | -12.76% | 21.51% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 13.04% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 13.59% | -2.43% | 13.69% |
Correlation
The correlation between DODWX and MBXAX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.53 |
The correlation between DODWX and MBXAX shifts across timeframes, from 0.30 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DODWX vs. MBXAX — Risk / Return Rank
DODWX
MBXAX
DODWX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Stock Fund Class I (DODWX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX). 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.
| DODWX | MBXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 4.51 | -1.54 |
| Martin ratioReturn relative to average drawdown | 11.88 | 17.40 | -5.52 |
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Drawdowns
DODWX vs. MBXAX - Drawdown Comparison
The maximum DODWX drawdown since its inception was -63.00%, which is greater than MBXAX's maximum drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for DODWX and MBXAX.
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Drawdown Indicators
| DODWX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.00% | -31.75% | -31.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -3.89% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -15.66% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.78% | -15.66% | -6.12% |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | -31.75% | -9.42% |
Current DrawdownCurrent decline from peak | 0.00% | -2.43% | +2.43% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -4.00% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.01% | +1.27% |
Volatility
DODWX vs. MBXAX - Volatility Comparison
Dodge & Cox Global Stock Fund Class I (DODWX) has a higher volatility of 2.96% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 1.81%. This indicates that DODWX's price experiences larger fluctuations and is considered to be riskier than MBXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODWX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 1.81% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 4.94% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 6.70% | +5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 11.39% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 13.36% | +6.02% |
DODWX vs. MBXAX - Expense Ratio Comparison
DODWX has a 0.62% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Dividends
DODWX vs. MBXAX - Dividend Comparison
DODWX's dividend yield for the trailing twelve months is around 7.41%, while MBXAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODWX Dodge & Cox Global Stock Fund Class I | 7.41% | 8.41% | 14.35% | 1.62% | 7.73% | 10.76% | 1.31% | 7.41% | 9.78% | 4.37% | 2.86% | 3.95% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 0.00% | 0.00% | 2.43% | 2.02% | 7.57% | 0.00% | 3.92% | 4.96% | 3.07% | 3.35% | 1.82% | 0.00% |
Frequently Asked Questions
DODWX and MBXAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DODWX has higher volatility (2.96%) compared to MBXAX (1.81%). In terms of maximum drawdown, DODWX dropped -63.00% vs MBXAX's -31.75%.
MBXAX currently has the higher Sharpe Ratio (2.62 vs 2.26), 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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