DOXLX vs. SABA
DOXLX (Dodge & Cox Global Bond Fund) and SABA (Saba Capital Income & Opportunities Fund II) are both Global Bonds funds. Over the past 3 years, DOXLX returned 5.89%/yr vs 9.05%/yr for SABA. At a 0.28 correlation, their price movements are largely independent.
Performance
DOXLX vs. SABA - Performance Comparison
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Returns By Period
In the year-to-date period, DOXLX achieves a 0.30% return, which is significantly lower than SABA's 6.16% return.
DOXLX
- 1D
- 0.36%
- 1M
- -0.58%
- 6M
- -0.32%
- YTD
- 0.30%
- 1Y
- 5.13%
- 3Y*
- 5.89%
- 5Y*
- —
- 10Y*
- —
SABA
- 1D
- 0.36%
- 1M
- 1.19%
- 6M
- 4.54%
- YTD
- 6.16%
- 1Y
- -0.16%
- 3Y*
- 9.05%
- 5Y*
- 3.63%
- 10Y*
- 2.87%
DOXLX vs. SABA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DOXLX Dodge & Cox Global Bond Fund | 0.30% | 11.60% | 0.63% | 12.48% | 0.43% |
SABA Saba Capital Income & Opportunities Fund II | 6.16% | -0.31% | 31.32% | -2.77% | -1.93% |
Correlation
The correlation between DOXLX and SABA is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.28 |
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Return for Risk
DOXLX vs. SABA — Risk / Return Rank
DOXLX
SABA
DOXLX vs. SABA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Bond Fund (DOXLX) and Saba Capital Income & Opportunities Fund II (SABA). 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.
| DOXLX | SABA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.01 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | -0.02 | +1.12 |
| Martin ratioReturn relative to average drawdown | 3.04 | -0.03 | +3.07 |
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Drawdowns
DOXLX vs. SABA - Drawdown Comparison
The maximum DOXLX drawdown since its inception was -8.14%, smaller than the maximum SABA drawdown of -32.37%. Use the drawdown chart below to compare losses from any high point for DOXLX and SABA.
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Drawdown Indicators
| DOXLX | SABA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -32.37% | +24.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.33% | -10.45% | +6.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -14.96% | +8.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.39% | — |
Current DrawdownCurrent decline from peak | -2.39% | -3.01% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -7.56% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 5.51% | -3.94% |
Volatility
DOXLX vs. SABA - Volatility Comparison
The current volatility for Dodge & Cox Global Bond Fund (DOXLX) is 1.18%, while Saba Capital Income & Opportunities Fund II (SABA) has a volatility of 3.10%. This indicates that DOXLX experiences smaller price fluctuations and is considered to be less risky than SABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOXLX | SABA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 3.10% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 8.41% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 11.87% | -7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 14.60% | -9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 16.63% | -11.18% |
Dividends
DOXLX vs. SABA - Dividend Comparison
DOXLX's dividend yield for the trailing twelve months is around 3.51%, less than SABA's 9.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOXLX Dodge & Cox Global Bond Fund | 3.51% | 4.14% | 4.81% | 3.36% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SABA Saba Capital Income & Opportunities Fund II | 9.54% | 9.65% | 8.32% | 11.43% | 9.14% | 7.19% | 4.00% | 6.68% | 5.81% | 4.44% | 4.63% | 4.72% |
Frequently Asked Questions
DOXLX and SABA have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SABA has higher volatility (3.10%) compared to DOXLX (1.18%). In terms of maximum drawdown, DOXLX dropped -8.14% vs SABA's -32.37%.
DOXLX currently has the higher Sharpe Ratio (1.10 vs -0.01), 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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