DODWX vs. SCHF

Last updated Aug 5, 2026

DODWX (Dodge & Cox Global Stock Fund Class I) and SCHF (Schwab International Equity ETF) are both funds - DODWX is a Global Equities fund tracking the MSCI All Country World Index, while SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. Both are passively managed. Over the past 10 years, DODWX returned 12.08%/yr vs 10.34%/yr for SCHF. Their correlation of 0.89 means they have usually moved in the same direction. DODWX charges 0.62%/yr vs 0.06%/yr for SCHF.

Performance

DODWX vs. SCHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox Global Stock Fund Class I (DODWX) and Schwab International Equity ETF (SCHF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DODWX achieves a 13.60% return, which is significantly lower than SCHF's 17.18% return. Over the past 10 years, DODWX has outperformed SCHF with an annualized return of 12.08%, while SCHF has yielded a comparatively lower 10.34% 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%

SCHF

• 1D: 1.60%
• 1M: 1.93%
• 6M: 9.74%
• YTD: 17.18%
• 1Y: 31.59%
• 3Y*: 19.92%
• 5Y*: 10.21%
• 10Y*: 10.34%
• ALL TIME*: 7.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DODWX Dodge & Cox Global Stock Fund Class I	$0.00	$0.00	$0.00
SCHF Schwab International Equity ETF	$223.46M	$218.29M	$214.28M

DODWX vs. SCHF - 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%
SCHF Schwab International Equity ETF	17.18%	34.55%	3.28%	18.35%	-14.80%	11.40%	9.48%	22.26%	-14.29%	26.03%

Correlation

The correlation between DODWX and SCHF is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009	0.89

The correlation between DODWX and SCHF shifts across timeframes, from 0.74 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DODWX vs. SCHF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DODWX

DODWX Risk / Return Rank: 86
DODWX Sharpe Ratio Rank: 90
DODWX Sortino Ratio Rank: 86
DODWX Omega Ratio Rank: 83
DODWX Calmar Ratio Rank: 83
DODWX Martin Ratio Rank: 87

SCHF

SCHF Risk / Return Rank: 71
SCHF Sharpe Ratio Rank: 71
SCHF Sortino Ratio Rank: 69
SCHF Omega Ratio Rank: 70
SCHF Calmar Ratio Rank: 71
SCHF Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DODWX vs. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Stock Fund Class I (DODWX) and Schwab International Equity ETF (SCHF). 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	SCHF	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.83	+0.44
Sortino ratio: Return per unit of downside risk	3.12	2.51	+0.61
Omega ratio: Gain probability vs. loss probability	1.41	1.33	+0.08
Calmar ratio: Return relative to maximum drawdown	2.98	2.76	+0.21
Martin ratio: Return relative to average drawdown	11.88	10.26	+1.62

DODWX vs. SCHF - Sharpe Ratio Comparison

The current DODWX Sharpe Ratio is 2.26, which is comparable to the SCHF Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DODWX and SCHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DODWX vs. SCHF - Drawdown Comparison

The maximum DODWX drawdown since its inception was -63.00%, which is greater than SCHF's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for DODWX and SCHF.

Drawdown Indicators

	DODWX	SCHF	Difference
Max Drawdown Largest peak-to-trough decline	-63.00%	-34.87%	-28.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-11.48%	+2.37%
Max Drawdown (3Y) Largest decline over 3 years	-19.25%	-13.41%	-5.84%
Max Drawdown (5Y) Largest decline over 5 years	-21.78%	-29.14%	+7.36%
Max Drawdown (10Y) Largest decline over 10 years	-41.17%	-34.87%	-6.30%
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-9.77%	-7.33%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	3.09%	-0.81%

Volatility

DODWX vs. SCHF - Volatility Comparison

The current volatility for Dodge & Cox Global Stock Fund Class I (DODWX) is 2.96%, while Schwab International Equity ETF (SCHF) has a volatility of 5.41%. This indicates that DODWX experiences smaller price fluctuations and is considered to be less risky than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DODWX	SCHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	5.41%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	15.47%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	17.41%	-5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	16.72%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.38%	17.06%	+2.32%

DODWX vs. SCHF - Expense Ratio Comparison

DODWX has a 0.62% expense ratio, which is higher than SCHF's 0.06% expense ratio.

Dividends

DODWX vs. SCHF - Dividend Comparison

DODWX's dividend yield for the trailing twelve months is around 7.41%, more than SCHF's 3.01% yield.

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%
SCHF Schwab International Equity ETF	3.01%	3.42%	3.26%	2.97%	2.80%	3.19%	2.08%	2.95%	3.06%	2.35%	2.58%	2.26%

Frequently Asked Questions

Can I hold both DODWX and SCHF in my portfolio?

DODWX and SCHF have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DODWX or SCHF?

SCHF has higher volatility (5.41%) compared to DODWX (2.96%). In terms of maximum drawdown, DODWX dropped -63.00% vs SCHF's -34.87%.

Which has better risk-adjusted returns?

DODWX currently has the higher Sharpe Ratio (2.26 vs 1.83), 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.