FIJEX vs. DODIX

Last updated Jun 4, 2026

FIJEX (Frost Total Return Bond Fund) and DODIX (Dodge & Cox Income Fund) are both mutual funds - FIJEX is a Short-Term Bond fund managed by Frost Funds, while DODIX is a Total Bond Market fund managed by Dodge & Cox. Over the past 10 years, FIJEX returned 3.54%/yr vs 2.93%/yr for DODIX. Their correlation of 0.83 suggests significant overlap in exposure. FIJEX charges 0.46%/yr vs 0.41%/yr for DODIX.

Performance

FIJEX vs. DODIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frost Total Return Bond Fund (FIJEX) 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, FIJEX achieves a 1.17% return, which is significantly higher than DODIX's 0.51% return. Over the past 10 years, FIJEX has outperformed DODIX with an annualized return of 3.54%, while DODIX has yielded a comparatively lower 2.93% annualized return.

FIJEX

• 1D: 0.10%
• 1M: 0.55%
• YTD: 1.17%
• 6M: 0.88%
• 1Y: 5.36%
• 3Y*: 6.07%
• 5Y*: 3.41%
• 10Y*: 3.54%

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)

FIJEX vs. DODIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIJEX Frost Total Return Bond Fund	1.17%	4.83%	6.44%	8.64%	-5.30%	3.45%	3.49%	5.38%	1.38%	4.43%
DODIX Dodge & Cox Income Fund	0.51%	8.32%	2.25%	7.69%	-11.42%	-0.92%	9.46%	9.73%	-0.31%	4.36%

Correlation

The correlation between FIJEX and DODIX 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 (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 4, 2001	0.83

The correlation between FIJEX and DODIX shifts across timeframes, from 0.83 (all time) to 0.94 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FIJEX vs. DODIX — Risk / Return Rank

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

FIJEX

FIJEX Risk / Return Rank: 35
FIJEX Sharpe Ratio Rank: 35
FIJEX Sortino Ratio Rank: 36
FIJEX Omega Ratio Rank: 34
FIJEX Calmar Ratio Rank: 38
FIJEX Martin Ratio Rank: 31

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.

FIJEX vs. DODIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frost Total Return Bond Fund (FIJEX) 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.

	FIJEX	DODIX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.57	+0.13
Sortino ratio: Return per unit of downside risk	2.51	2.33	+0.17
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	2.35	2.04	+0.31
Martin ratio: Return relative to average drawdown	7.21	6.23	+0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIJEX vs. DODIX - Sharpe Ratio Comparison

The current FIJEX Sharpe Ratio is 1.70, which is comparable to the DODIX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of FIJEX 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

	FIJEX	DODIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.57	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.24	+0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.10	0.66	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.47	-0.50

Drawdowns

FIJEX vs. DODIX - Drawdown Comparison

The maximum FIJEX drawdown since its inception was -16.82%, roughly equal to the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for FIJEX and DODIX.

Drawdown Indicators

	FIJEX	DODIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.82%	-16.89%	+0.07%
Max Drawdown (1Y) Largest decline over 1 year	-2.25%	-3.17%	+0.92%
Max Drawdown (3Y) Largest decline over 3 years	-3.40%	-5.68%	+2.28%
Max Drawdown (5Y) Largest decline over 5 years	-7.52%	-16.89%	+9.37%
Max Drawdown (10Y) Largest decline over 10 years	-11.60%	-16.89%	+5.29%
Current Drawdown Current decline from peak	-0.72%	-1.63%	+0.91%
Average Drawdown Average peak-to-trough decline	-2.86%	-1.50%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	1.04%	-0.31%

Volatility

FIJEX vs. DODIX - Volatility Comparison

The current volatility for Frost Total Return Bond Fund (FIJEX) is 1.19%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.43%. This indicates that FIJEX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIJEX	DODIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	1.43%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	2.22%	3.00%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	3.11%	4.11%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	5.56%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.22%	4.45%	-1.23%

FIJEX vs. DODIX - Expense Ratio Comparison

FIJEX has a 0.46% expense ratio, which is higher than DODIX's 0.41% expense ratio.

Dividends

FIJEX vs. DODIX - Dividend Comparison

FIJEX's dividend yield for the trailing twelve months is around 5.72%, 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%
FIJEX Frost Total Return Bond Fund	5.72%	4.64%	5.23%	5.53%	4.69%	3.31%	3.82%	3.79%	3.63%	3.68%	4.03%	4.14%

Frequently Asked Questions

Can I hold both FIJEX and DODIX in my portfolio?

With a correlation of 0.93, FIJEX and DODIX 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, FIJEX or DODIX?

DODIX has higher volatility (1.43%) compared to FIJEX (1.19%). In terms of maximum drawdown, FIJEX dropped -16.82% vs DODIX's -16.89%.

Which has better risk-adjusted returns?

FIJEX currently has the higher Sharpe Ratio (1.70 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.