FJMNX vs. DODIX
FJMNX (Nuveen Minnesota Municipal Bond Fund) and DODIX (Dodge & Cox Income Fund) are both mutual funds - FJMNX is a Municipal Bonds fund managed by Nuveen, while DODIX is a Intermediate Core-Plus Bond fund actively managed by Dodge & Cox. Over the past 10 years, FJMNX returned 1.87%/yr vs 2.88%/yr for DODIX. A 0.52 correlation means they provide meaningful diversification when combined. FJMNX charges 0.77%/yr vs 0.41%/yr for DODIX.
Performance
FJMNX vs. DODIX - Performance Comparison
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Returns By Period
In the year-to-date period, FJMNX achieves a 1.62% return, which is significantly higher than DODIX's 0.43% return. Over the past 10 years, FJMNX has underperformed DODIX with an annualized return of 1.87%, while DODIX has yielded a comparatively higher 2.88% annualized return.
FJMNX
- 1D
- 0.09%
- 1M
- 1.60%
- YTD
- 1.62%
- 6M
- 2.01%
- 1Y
- 6.82%
- 3Y*
- 3.61%
- 5Y*
- 0.67%
- 10Y*
- 1.87%
DODIX
- 1D
- -0.23%
- 1M
- 0.71%
- YTD
- 0.43%
- 6M
- 0.59%
- 1Y
- 5.17%
- 3Y*
- 5.09%
- 5Y*
- 1.18%
- 10Y*
- 2.88%
FJMNX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FJMNX Nuveen Minnesota Municipal Bond Fund | 1.62% | 3.40% | 2.66% | 5.40% | -9.58% | 1.55% | 4.02% | 7.92% | 0.38% | 6.45% |
DODIX Dodge & Cox Income Fund | 0.43% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Correlation
The correlation between FJMNX and DODIX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1988 | 0.52 |
The correlation between FJMNX and DODIX has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
FJMNX vs. DODIX — Risk / Return Rank
FJMNX
DODIX
FJMNX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Minnesota Municipal Bond Fund (FJMNX) 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.
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.
| FJMNX | DODIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.25 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.74 | +1.02 |
| Martin ratioReturn relative to average drawdown | 9.16 | 4.97 | +4.19 |
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Drawdowns
FJMNX vs. DODIX - Drawdown Comparison
The maximum FJMNX drawdown since its inception was -17.21%, roughly equal to the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for FJMNX and DODIX.
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Drawdown Indicators
| FJMNX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -16.89% | -0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -3.17% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -5.68% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -16.89% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -15.28% | -16.89% | +1.61% |
Current DrawdownCurrent decline from peak | -0.17% | -1.71% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -1.50% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.11% | -0.36% |
Volatility
FJMNX vs. DODIX - Volatility Comparison
The current volatility for Nuveen Minnesota Municipal Bond Fund (FJMNX) is 0.70%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.11%. This indicates that FJMNX 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.
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Volatility by Period
| FJMNX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.11% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 3.07% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.54% | 4.06% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 5.57% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 4.46% | -0.28% |
FJMNX vs. DODIX - Expense Ratio Comparison
FJMNX has a 0.77% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Dividends
FJMNX vs. DODIX - Dividend Comparison
FJMNX's dividend yield for the trailing twelve months is around 3.15%, less 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% |
FJMNX Nuveen Minnesota Municipal Bond Fund | 3.15% | 3.47% | 3.56% | 3.24% | 2.83% | 1.78% | 2.49% | 3.23% | 3.14% | 3.19% | 3.42% | 3.63% |
Frequently Asked Questions
FJMNX and DODIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DODIX has higher volatility (1.11%) compared to FJMNX (0.70%). In terms of maximum drawdown, FJMNX dropped -17.21% vs DODIX's -16.89%.
FJMNX currently has the higher Sharpe Ratio (2.70 vs 1.36), 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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