FIJEX vs. DODLX

Last updated Aug 6, 2026

FIJEX (Frost Total Return Bond Fund) and DODLX (Dodge & Cox Global Bond Fund Class I) are both mutual funds - FIJEX is a Short-Term Bond fund managed by Frost, while DODLX is a Global Bonds fund managed by Dodge & Cox. Over the past 10 years, FIJEX returned 3.33%/yr vs 4.60%/yr for DODLX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. FIJEX charges 0.46%/yr vs 0.45%/yr for DODLX.

Performance

FIJEX vs. DODLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frost Total Return Bond Fund (FIJEX) and Dodge & Cox Global Bond Fund Class I (DODLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIJEX achieves a 0.95% return, which is significantly lower than DODLX's 1.34% return. Over the past 10 years, FIJEX has underperformed DODLX with an annualized return of 3.33%, while DODLX has yielded a comparatively higher 4.60% annualized return.

FIJEX

• 1D: 0.32%
• 1M: -0.46%
• 6M: 0.50%
• YTD: 0.95%
• 1Y: 2.63%
• 3Y*: 5.72%
• 5Y*: 3.10%
• 10Y*: 3.33%
• ALL TIME*: 3.36%

DODLX

• 1D: 0.36%
• 1M: -0.09%
• 6M: 0.36%
• YTD: 1.34%
• 1Y: 4.28%
• 3Y*: 6.45%
• 5Y*: 2.97%
• 10Y*: 4.60%
• ALL TIME*: 3.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DODLX Dodge & Cox Global Bond Fund Class I	$0.00	$0.00	$0.00
FIJEX Frost Total Return Bond Fund	$0.00	$0.00	$0.00

FIJEX vs. DODLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIJEX Frost Total Return Bond Fund	0.95%	4.83%	6.44%	8.64%	-5.30%	3.45%	3.49%	5.38%	1.38%	4.43%
DODLX Dodge & Cox Global Bond Fund Class I	1.34%	11.51%	0.55%	12.30%	-8.21%	-0.85%	11.87%	12.23%	-1.45%	8.31%

Correlation

The correlation between FIJEX and DODLX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since May 1, 2014	0.60

Over the past year, FIJEX and DODLX have become more correlated (0.85) than their long-term average of 0.60, meaning their price movements have been converging.

Return for Risk

FIJEX vs. DODLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIJEX

FIJEX Risk / Return Rank: 21
FIJEX Sharpe Ratio Rank: 21
FIJEX Sortino Ratio Rank: 20
FIJEX Omega Ratio Rank: 19
FIJEX Calmar Ratio Rank: 23
FIJEX Martin Ratio Rank: 21

DODLX

DODLX Risk / Return Rank: 22
DODLX Sharpe Ratio Rank: 24
DODLX Sortino Ratio Rank: 23
DODLX Omega Ratio Rank: 23
DODLX Calmar Ratio Rank: 22
DODLX Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIJEX vs. DODLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frost Total Return Bond Fund (FIJEX) and Dodge & Cox Global Bond Fund Class I (DODLX). 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.

	FIJEX	DODLX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	1.01	-0.10
Sortino ratio: Return per unit of downside risk	1.29	1.44	-0.14
Omega ratio: Gain probability vs. loss probability	1.16	1.18	-0.02
Calmar ratio: Return relative to maximum drawdown	1.23	1.17	+0.06
Martin ratio: Return relative to average drawdown	3.40	3.19	+0.21

FIJEX vs. DODLX - Sharpe Ratio Comparison

The current FIJEX Sharpe Ratio is 0.91, which is comparable to the DODLX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FIJEX and DODLX, 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

FIJEX vs. DODLX - Drawdown Comparison

The maximum FIJEX drawdown since its inception was -16.82%, roughly equal to the maximum DODLX drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for FIJEX and DODLX.

Drawdown Indicators

	FIJEX	DODLX	Difference
Max Drawdown Largest peak-to-trough decline	-16.82%	-16.30%	-0.52%
Max Drawdown (1Y) Largest decline over 1 year	-2.25%	-3.67%	+1.42%
Max Drawdown (3Y) Largest decline over 3 years	-3.40%	-6.21%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-7.52%	-16.30%	+8.78%
Max Drawdown (10Y) Largest decline over 10 years	-11.60%	-16.30%	+4.70%
Current Drawdown Current decline from peak	-0.94%	-1.38%	+0.44%
Average Drawdown Average peak-to-trough decline	-2.85%	-3.02%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	1.35%	-0.54%

Volatility

FIJEX vs. DODLX - Volatility Comparison

The current volatility for Frost Total Return Bond Fund (FIJEX) is 0.92%, while Dodge & Cox Global Bond Fund Class I (DODLX) has a volatility of 1.18%. This indicates that FIJEX experiences smaller price fluctuations and is considered to be less risky than DODLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIJEX	DODLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	1.18%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	3.62%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.04%	4.28%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.74%	5.30%	-1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.24%	4.81%	-1.57%

FIJEX vs. DODLX - Expense Ratio Comparison

FIJEX has a 0.46% expense ratio, which is higher than DODLX's 0.45% expense ratio.

Dividends

FIJEX vs. DODLX - Dividend Comparison

FIJEX's dividend yield for the trailing twelve months is around 5.85%, more than DODLX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODLX Dodge & Cox Global Bond Fund Class I	4.13%	4.07%	4.73%	3.31%	5.05%	3.86%	2.66%	3.40%	5.19%	2.45%	1.69%	0.00%
FIJEX Frost Total Return Bond Fund	5.85%	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 DODLX in my portfolio?

FIJEX and DODLX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIJEX or DODLX?

DODLX has higher volatility (1.18%) compared to FIJEX (0.92%). In terms of maximum drawdown, FIJEX dropped -16.82% vs DODLX's -16.30%.

Which has better risk-adjusted returns?

DODLX currently has the higher Sharpe Ratio (1.01 vs 0.91), 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.