DOXIX vs. VCIT

Last updated Jun 23, 2026

DOXIX (Dodge & Cox Income Fund Class X) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both funds - DOXIX is a Intermediate Core-Plus Bond fund actively managed by Dodge & Cox, while VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index. DOXIX is actively managed, while VCIT is passively managed. Over the past 3 years, DOXIX returned 5.28%/yr vs 6.06%/yr for VCIT. Their correlation of 0.94 suggests significant overlap in exposure. DOXIX charges 0.33%/yr vs 0.03%/yr for VCIT.

Performance

DOXIX vs. VCIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox Income Fund Class X (DOXIX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOXIX achieves a 0.69% return, which is significantly higher than VCIT's 0.22% return.

DOXIX

• 1D: 0.23%
• 1M: 0.95%
• YTD: 0.69%
• 6M: 0.85%
• 1Y: 5.82%
• 3Y*: 5.28%
• 5Y*: —
• 10Y*: —

VCIT

• 1D: -0.23%
• 1M: 0.50%
• YTD: 0.22%
• 6M: 0.37%
• 1Y: 5.37%
• 3Y*: 6.06%
• 5Y*: 1.14%
• 10Y*: 2.86%

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

DOXIX vs. VCIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DOXIX Dodge & Cox Income Fund Class X	0.69%	8.39%	2.33%	7.75%	-2.35%
VCIT Vanguard Intermediate-Term Corporate Bond ETF	0.22%	9.34%	3.20%	8.98%	-2.31%

Correlation

The correlation between DOXIX and VCIT is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 3, 2022	0.94

The correlation between DOXIX and VCIT has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

DOXIX vs. VCIT — Risk / Return Rank

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

DOXIX

DOXIX Risk / Return Rank: 28
DOXIX Sharpe Ratio Rank: 30
DOXIX Sortino Ratio Rank: 31
DOXIX Omega Ratio Rank: 29
DOXIX Calmar Ratio Rank: 28
DOXIX Martin Ratio Rank: 24

VCIT

VCIT Risk / Return Rank: 37
VCIT Sharpe Ratio Rank: 38
VCIT Sortino Ratio Rank: 39
VCIT Omega Ratio Rank: 36
VCIT Calmar Ratio Rank: 37
VCIT Martin Ratio Rank: 38

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.

DOXIX vs. VCIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Income Fund Class X (DOXIX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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.

	DOXIX	VCIT	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.31	+0.15
Sortino ratio: Return per unit of downside risk	2.16	1.95	+0.21
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	1.86	1.82	+0.04
Martin ratio: Return relative to average drawdown	5.37	5.78	-0.42

DOXIX vs. VCIT - Sharpe Ratio Comparison

The current DOXIX Sharpe Ratio is 1.46, which is comparable to the VCIT Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of DOXIX and VCIT, 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

DOXIX vs. VCIT - Drawdown Comparison

The maximum DOXIX drawdown since its inception was -8.83%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for DOXIX and VCIT.

Drawdown Indicators

	DOXIX	VCIT	Difference
Max Drawdown Largest peak-to-trough decline	-8.83%	-20.56%	+11.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-2.96%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-5.66%	-6.11%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.56%	—
Current Drawdown Current decline from peak	-1.46%	-1.32%	-0.14%
Average Drawdown Average peak-to-trough decline	-1.86%	-3.15%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	0.93%	+0.16%

Volatility

DOXIX vs. VCIT - Volatility Comparison

Dodge & Cox Income Fund Class X (DOXIX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.25% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOXIX	VCIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.23%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	3.01%	3.18%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	4.11%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.84%	6.62%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.84%	6.29%	-0.45%

DOXIX vs. VCIT - Expense Ratio Comparison

DOXIX has a 0.33% expense ratio, which is higher than VCIT's 0.03% expense ratio.

Dividends

DOXIX vs. VCIT - Dividend Comparison

DOXIX's dividend yield for the trailing twelve months is around 4.32%, less than VCIT's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOXIX Dodge & Cox Income Fund Class X	4.32%	4.30%	4.32%	3.92%	2.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VCIT Vanguard Intermediate-Term Corporate Bond ETF	4.80%	4.62%	4.43%	3.72%	3.03%	2.87%	2.78%	3.37%	3.61%	3.21%	3.29%	3.34%

Frequently Asked Questions

Can I hold both DOXIX and VCIT in my portfolio?

With a correlation of 0.93, DOXIX and VCIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DOXIX or VCIT?

DOXIX has higher volatility (1.25%) compared to VCIT (1.23%). In terms of maximum drawdown, DOXIX dropped -8.83% vs VCIT's -20.56%.

Which has better risk-adjusted returns?

DOXIX currently has the higher Sharpe Ratio (1.46 vs 1.31), 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.