FPACX vs. DODBX
Compare and contrast key facts about FPA Crescent Fund (FPACX) and Dodge & Cox Balanced Fund (DODBX).
FPACX is managed by FPA. It was launched on Jun 1, 1993. DODBX is managed by Dodge & Cox. It was launched on Jun 25, 1931.
Performance
FPACX vs. DODBX - Performance Comparison
Loading graphics...
FPACX vs. DODBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | -1.55% | 17.69% | 12.42% | 20.30% | -9.20% | 15.09% | 12.14% | 20.03% | -7.42% | 10.38% |
DODBX Dodge & Cox Balanced Fund | -0.36% | 14.44% | 8.76% | 13.77% | -7.30% | 19.21% | 7.93% | 19.64% | -4.66% | 11.51% |
Returns By Period
In the year-to-date period, FPACX achieves a -1.55% return, which is significantly lower than DODBX's -0.36% return. Both investments have delivered pretty close results over the past 10 years, with FPACX having a 9.54% annualized return and DODBX not far behind at 9.45%.
FPACX
- 1D
- 1.78%
- 1M
- -4.07%
- YTD
- -1.55%
- 6M
- 1.31%
- 1Y
- 15.92%
- 3Y*
- 14.00%
- 5Y*
- 8.12%
- 10Y*
- 9.54%
DODBX
- 1D
- 1.37%
- 1M
- -3.79%
- YTD
- -0.36%
- 6M
- 1.20%
- 1Y
- 8.67%
- 3Y*
- 11.26%
- 5Y*
- 7.08%
- 10Y*
- 9.45%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FPACX vs. DODBX - Expense Ratio Comparison
FPACX has a 1.00% expense ratio, which is higher than DODBX's 0.52% expense ratio.
Return for Risk
FPACX vs. DODBX — Risk / Return Rank
FPACX
DODBX
FPACX vs. DODBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Crescent Fund (FPACX) and Dodge & Cox Balanced Fund (DODBX). 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.
| FPACX | DODBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.90 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.28 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.11 | +1.06 |
Martin ratioReturn relative to average drawdown | 7.75 | 4.57 | +3.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FPACX | DODBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.90 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.66 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.72 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.73 | +0.14 |
Correlation
The correlation between FPACX and DODBX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPACX vs. DODBX - Dividend Comparison
FPACX's dividend yield for the trailing twelve months is around 9.75%, more than DODBX's 7.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | 9.75% | 9.60% | 7.95% | 3.72% | 0.77% | 11.62% | 4.80% | 4.65% | 8.87% | 3.70% | 4.98% | 6.34% |
DODBX Dodge & Cox Balanced Fund | 7.25% | 7.53% | 8.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 7.53% | 5.59% | 5.44% |
Drawdowns
FPACX vs. DODBX - Drawdown Comparison
The maximum FPACX drawdown since its inception was -31.60%, smaller than the maximum DODBX drawdown of -50.20%. Use the drawdown chart below to compare losses from any high point for FPACX and DODBX.
Loading graphics...
Drawdown Indicators
| FPACX | DODBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -50.20% | +18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -7.71% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -17.74% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -29.46% | -31.29% | +1.83% |
Current DrawdownCurrent decline from peak | -5.54% | -4.13% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -4.69% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.88% | +0.19% |
Volatility
FPACX vs. DODBX - Volatility Comparison
FPA Crescent Fund (FPACX) has a higher volatility of 3.83% compared to Dodge & Cox Balanced Fund (DODBX) at 3.03%. This indicates that FPACX's price experiences larger fluctuations and is considered to be riskier than DODBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FPACX | DODBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.03% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.61% | 5.55% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 9.79% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.88% | 10.82% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.18% | 13.26% | -0.08% |