FIBPX vs. DOXLX
FIBPX (Federated Hermes International Bond Strategy Portfolio) and DOXLX (Dodge & Cox Global Bond Fund) are both Global Bonds funds. Over the past 3 years, FIBPX returned 7.32%/yr vs 6.66%/yr for DOXLX. Their correlation of 0.81 suggests significant overlap in exposure. FIBPX charges 0.00%/yr vs 0.37%/yr for DOXLX.
Performance
FIBPX vs. DOXLX - Performance Comparison
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Returns By Period
In the year-to-date period, FIBPX achieves a 1.10% return, which is significantly lower than DOXLX's 1.25% return.
FIBPX
- 1D
- -0.08%
- 1M
- 1.26%
- YTD
- 1.10%
- 6M
- 1.55%
- 1Y
- 5.25%
- 3Y*
- 7.32%
- 5Y*
- 0.11%
- 10Y*
- 2.08%
DOXLX
- 1D
- -0.09%
- 1M
- 0.98%
- YTD
- 1.25%
- 6M
- 1.61%
- 1Y
- 6.29%
- 3Y*
- 6.66%
- 5Y*
- —
- 10Y*
- —
FIBPX vs. DOXLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FIBPX Federated Hermes International Bond Strategy Portfolio | 1.10% | 11.18% | 2.89% | 8.33% | -4.98% |
DOXLX Dodge & Cox Global Bond Fund | 1.25% | 11.60% | 0.63% | 12.48% | 0.43% |
Correlation
The correlation between FIBPX and DOXLX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.81 |
The correlation between FIBPX and DOXLX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
FIBPX vs. DOXLX — Risk / Return Rank
FIBPX
DOXLX
FIBPX vs. DOXLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Bond Strategy Portfolio (FIBPX) and Dodge & Cox Global Bond Fund (DOXLX). 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.
| FIBPX | DOXLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.73 | -0.60 |
| Martin ratioReturn relative to average drawdown | 3.63 | 5.27 | -1.64 |
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Drawdowns
FIBPX vs. DOXLX - Drawdown Comparison
The maximum FIBPX drawdown since its inception was -29.22%, which is greater than DOXLX's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for FIBPX and DOXLX.
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Drawdown Indicators
| FIBPX | DOXLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -8.14% | -21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.82% | -3.65% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -6.12% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.22% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.47% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -1.63% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.20% | +0.28% |
Volatility
FIBPX vs. DOXLX - Volatility Comparison
The current volatility for Federated Hermes International Bond Strategy Portfolio (FIBPX) is 1.34%, while Dodge & Cox Global Bond Fund (DOXLX) has a volatility of 1.49%. This indicates that FIBPX experiences smaller price fluctuations and is considered to be less risky than DOXLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIBPX | DOXLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.49% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 3.47% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 4.36% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 5.47% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 5.47% | +0.51% |
FIBPX vs. DOXLX - Expense Ratio Comparison
FIBPX has a 0.00% expense ratio, which is lower than DOXLX's 0.37% expense ratio.
Dividends
FIBPX vs. DOXLX - Dividend Comparison
FIBPX's dividend yield for the trailing twelve months is around 5.20%, more than DOXLX's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DOXLX Dodge & Cox Global Bond Fund | 4.11% | 4.14% | 4.81% | 3.36% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIBPX Federated Hermes International Bond Strategy Portfolio | 5.20% | 5.26% | 5.37% | 3.61% | 0.00% | 5.00% | 2.08% | 3.45% | 4.39% | 2.79% | 4.61% |
Frequently Asked Questions
FIBPX and DOXLX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOXLX has higher volatility (1.49%) compared to FIBPX (1.34%). In terms of maximum drawdown, FIBPX dropped -29.22% vs DOXLX's -8.14%.
DOXLX currently has the higher Sharpe Ratio (1.45 vs 1.01), 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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