DOXFX vs. DODIX

Last updated Jun 4, 2026

DOXFX (Dodge & Cox International Stock X) and DODIX (Dodge & Cox Income Fund) are both mutual funds - DOXFX is a Foreign Large Cap Equities fund managed by Dodge & Cox, while DODIX is a Total Bond Market fund managed by Dodge & Cox. Over the past 3 years, DOXFX returned 20.96%/yr vs 5.26%/yr for DODIX. At a 0.27 correlation, their price movements are largely independent. DOXFX charges 0.52%/yr vs 0.41%/yr for DODIX.

Performance

DOXFX vs. DODIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox International Stock X (DOXFX) and Dodge & Cox Income Fund (DODIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOXFX achieves a 12.82% return, which is significantly higher than DODIX's 0.51% return.

DOXFX

• 1D: 0.87%
• 1M: 5.33%
• YTD: 12.82%
• 6M: 16.08%
• 1Y: 31.62%
• 3Y*: 20.96%
• 5Y*: —
• 10Y*: —

DODIX

• 1D: 0.08%
• 1M: 0.55%
• YTD: 0.51%
• 6M: 0.47%
• 1Y: 6.43%
• 3Y*: 5.26%
• 5Y*: 1.31%
• 10Y*: 2.93%

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

DOXFX vs. DODIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DOXFX Dodge & Cox International Stock X	12.82%	38.90%	3.85%	16.81%	-0.58%
DODIX Dodge & Cox Income Fund	0.51%	8.32%	2.25%	7.69%	-1.37%

Correlation

The correlation between DOXFX and DODIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.27

Return for Risk

DOXFX vs. DODIX — Risk / Return Rank

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

DOXFX

DOXFX Risk / Return Rank: 60
DOXFX Sharpe Ratio Rank: 68
DOXFX Sortino Ratio Rank: 59
DOXFX Omega Ratio Rank: 63
DOXFX Calmar Ratio Rank: 55
DOXFX Martin Ratio Rank: 53

DODIX

DODIX Risk / Return Rank: 29
DODIX Sharpe Ratio Rank: 30
DODIX Sortino Ratio Rank: 32
DODIX Omega Ratio Rank: 30
DODIX Calmar Ratio Rank: 30
DODIX Martin Ratio Rank: 25

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.

DOXFX vs. DODIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox International Stock X (DOXFX) and Dodge & Cox Income Fund (DODIX). 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.

	DOXFX	DODIX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.57	+0.84
Sortino ratio: Return per unit of downside risk	3.25	2.33	+0.92
Omega ratio: Gain probability vs. loss probability	1.44	1.29	+0.16
Calmar ratio: Return relative to maximum drawdown	2.83	2.04	+0.79
Martin ratio: Return relative to average drawdown	10.80	6.23	+4.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOXFX vs. DODIX - Sharpe Ratio Comparison

The current DOXFX Sharpe Ratio is 2.41, which is higher than the DODIX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of DOXFX and DODIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DOXFX	DODIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.57	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	1.47	-0.01

Drawdowns

DOXFX vs. DODIX - Drawdown Comparison

The maximum DOXFX drawdown since its inception was -14.41%, smaller than the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for DOXFX and DODIX.

Drawdown Indicators

	DOXFX	DODIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.41%	-16.89%	+2.48%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-3.17%	-7.91%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-5.68%	-8.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.89%	—
Current Drawdown Current decline from peak	0.00%	-1.63%	+1.63%
Average Drawdown Average peak-to-trough decline	-2.73%	-1.50%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.04%	+1.86%

Volatility

DOXFX vs. DODIX - Volatility Comparison

Dodge & Cox International Stock X (DOXFX) has a higher volatility of 4.09% compared to Dodge & Cox Income Fund (DODIX) at 1.43%. This indicates that DOXFX's price experiences larger fluctuations and is considered to be riskier than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOXFX	DODIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	1.43%	+2.66%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	3.00%	+7.85%
Volatility (1Y) Calculated over the trailing 1-year period	13.03%	4.11%	+8.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	5.56%	+8.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	4.45%	+9.45%

DOXFX vs. DODIX - Expense Ratio Comparison

DOXFX has a 0.52% expense ratio, which is higher than DODIX's 0.41% expense ratio.

Dividends

DOXFX vs. DODIX - Dividend Comparison

DOXFX's dividend yield for the trailing twelve months is around 4.56%, more than DODIX's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODIX Dodge & Cox Income Fund	4.26%	4.23%	4.24%	3.86%	2.19%	3.23%	4.66%	3.63%	3.43%	3.03%	3.25%	3.09%
DOXFX Dodge & Cox International Stock X	4.56%	5.15%	2.36%	2.38%	2.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DOXFX and DODIX in my portfolio?

DOXFX and DODIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DOXFX or DODIX?

DOXFX has higher volatility (4.09%) compared to DODIX (1.43%). In terms of maximum drawdown, DOXFX dropped -14.41% vs DODIX's -16.89%.

Which has better risk-adjusted returns?

DOXFX currently has the higher Sharpe Ratio (2.41 vs 1.57), 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.