DOXIX vs. VCMDX
DOXIX (Dodge & Cox Income Fund Class X) and VCMDX (Vanguard Commodity Strategy Fund Admiral Shares) are both mutual funds - DOXIX is a Intermediate Core-Plus Bond fund actively managed by Dodge & Cox, while VCMDX is a Commodities fund actively managed by Vanguard. Both are actively managed. Over the past 3 years, DOXIX returned 4.42%/yr vs 11.75%/yr for VCMDX. Their 0.07 correlation means their historical movements had little consistent relationship. DOXIX charges 0.33%/yr vs 0.16%/yr for VCMDX.
Performance
DOXIX vs. VCMDX - Performance Comparison
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Returns By Period
In the year-to-date period, DOXIX achieves a -1.41% return, which is significantly lower than VCMDX's 18.03% return.
DOXIX
- 1D
- 0.08%
- 1M
- -1.10%
- 6M
- -1.79%
- YTD
- -1.41%
- 1Y
- 1.68%
- 3Y*
- 4.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.36%
VCMDX
- 1D
- -0.16%
- 1M
- 6.12%
- 6M
- 8.44%
- YTD
- 18.03%
- 1Y
- 30.34%
- 3Y*
- 11.75%
- 5Y*
- 10.30%
- 10Y*
- —
- ALL TIME*
- 12.13%
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 |
DOXIX vs. VCMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DOXIX Dodge & Cox Income Fund Class X | -1.41% | 8.39% | 2.33% | 7.75% | -2.35% |
VCMDX Vanguard Commodity Strategy Fund Admiral Shares | 18.03% | 18.20% | 5.27% | -7.45% | -11.14% |
Correlation
The correlation between DOXIX and VCMDX is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.07 |
The correlation between DOXIX and VCMDX shifts across timeframes, from -0.21 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DOXIX vs. VCMDX — Risk / Return Rank
DOXIX
VCMDX
DOXIX vs. VCMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Income Fund Class X (DOXIX) and Vanguard Commodity Strategy Fund Admiral Shares (VCMDX). 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 | VCMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 2.06 | -1.44 |
| Martin ratioReturn relative to average drawdown | 1.41 | 6.78 | -5.36 |
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Drawdowns
DOXIX vs. VCMDX - Drawdown Comparison
The maximum DOXIX drawdown since its inception was -8.83%, smaller than the maximum VCMDX drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for DOXIX and VCMDX.
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Drawdown Indicators
| DOXIX | VCMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.83% | -26.67% | +17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -13.39% | +9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -13.39% | +8.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.45% | — |
Current DrawdownCurrent decline from peak | -3.51% | -7.22% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -10.81% | +8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 4.09% | -2.27% |
Volatility
DOXIX vs. VCMDX - Volatility Comparison
The current volatility for Dodge & Cox Income Fund Class X (DOXIX) is 1.04%, while Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) has a volatility of 4.00%. This indicates that DOXIX experiences smaller price fluctuations and is considered to be less risky than VCMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOXIX | VCMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 4.00% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 12.56% | -9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 15.38% | -11.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 15.83% | -10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 15.37% | -9.57% |
DOXIX vs. VCMDX - Expense Ratio Comparison
DOXIX has a 0.33% expense ratio, which is higher than VCMDX's 0.16% expense ratio.
Dividends
DOXIX vs. VCMDX - Dividend Comparison
DOXIX's dividend yield for the trailing twelve months is around 3.33%, less than VCMDX's 12.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DOXIX Dodge & Cox Income Fund Class X | 3.33% | 4.30% | 4.32% | 3.92% | 2.30% | 0.00% | 0.00% | 0.00% |
VCMDX Vanguard Commodity Strategy Fund Admiral Shares | 12.89% | 15.21% | 2.19% | 2.50% | 14.21% | 30.56% | 0.50% | 0.60% |
Frequently Asked Questions
DOXIX and VCMDX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCMDX has higher volatility (4.00%) compared to DOXIX (1.04%). In terms of maximum drawdown, DOXIX dropped -8.83% vs VCMDX's -26.67%.
VCMDX currently has the higher Sharpe Ratio (1.79 vs 0.64), 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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