FPFIX vs. DODIX
Compare and contrast key facts about FPA Flexible Fixed Income Fund (FPFIX) and Dodge & Cox Income Fund (DODIX).
FPFIX is managed by FPA. It was launched on Dec 30, 2018. DODIX is managed by Dodge & Cox.
Performance
FPFIX vs. DODIX - Performance Comparison
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FPFIX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPFIX FPA Flexible Fixed Income Fund | -0.23% | 6.87% | 5.28% | 8.11% | -2.82% | 1.77% | 4.71% | 3.78% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.65% |
Returns By Period
In the year-to-date period, FPFIX achieves a -0.23% return, which is significantly lower than DODIX's -0.19% return.
FPFIX
- 1D
- 0.29%
- 1M
- -1.63%
- YTD
- -0.23%
- 6M
- 0.99%
- 1Y
- 4.52%
- 3Y*
- 5.87%
- 5Y*
- 3.57%
- 10Y*
- —
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
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FPFIX vs. DODIX - Expense Ratio Comparison
FPFIX has a 0.51% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Return for Risk
FPFIX vs. DODIX — Risk / Return Rank
FPFIX
DODIX
FPFIX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Flexible Fixed Income Fund (FPFIX) 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.
| FPFIX | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.15 | +0.56 |
Sortino ratioReturn per unit of downside risk | 2.53 | 1.65 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.02 | +0.43 |
Martin ratioReturn relative to average drawdown | 10.78 | 6.03 | +4.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPFIX | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.15 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.57 | 0.25 | +1.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.81 | 1.47 | +0.33 |
Correlation
The correlation between FPFIX and DODIX is 0.73, 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
FPFIX vs. DODIX - Dividend Comparison
FPFIX's dividend yield for the trailing twelve months is around 3.76%, less than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPFIX FPA Flexible Fixed Income Fund | 3.76% | 3.78% | 4.76% | 3.95% | 2.92% | 2.26% | 3.00% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% |
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Drawdowns
FPFIX vs. DODIX - Drawdown Comparison
The maximum FPFIX drawdown since its inception was -4.11%, smaller than the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for FPFIX and DODIX.
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Drawdown Indicators
| FPFIX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.11% | -16.89% | +12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -2.94% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -4.11% | -16.89% | +12.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.89% | — |
Current DrawdownCurrent decline from peak | -1.63% | -2.32% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -0.57% | -1.50% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.98% | -0.52% |
Volatility
FPFIX vs. DODIX - Volatility Comparison
The current volatility for FPA Flexible Fixed Income Fund (FPFIX) is 1.13%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.85%. This indicates that FPFIX 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
| FPFIX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.85% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 2.80% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 4.61% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 5.52% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 4.42% | -2.34% |