FXNAX vs. DODIX
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and Dodge & Cox Income Fund (DODIX).
FXNAX is managed by Fidelity. DODIX is managed by Dodge & Cox.
Performance
FXNAX vs. DODIX - Performance Comparison
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FXNAX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | -0.45% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, FXNAX achieves a -0.45% return, which is significantly lower than DODIX's -0.19% return. Over the past 10 years, FXNAX has underperformed DODIX with an annualized return of 1.52%, while DODIX has yielded a comparatively higher 3.02% annualized return.
FXNAX
- 1D
- 0.48%
- 1M
- -2.25%
- YTD
- -0.45%
- 6M
- 0.56%
- 1Y
- 3.79%
- 3Y*
- 3.45%
- 5Y*
- 0.12%
- 10Y*
- 1.52%
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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FXNAX vs. DODIX - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
FXNAX vs. DODIX — Risk / Return Rank
FXNAX
DODIX
FXNAX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) 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.
| FXNAX | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.15 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.65 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.02 | -0.21 |
Martin ratioReturn relative to average drawdown | 5.15 | 6.03 | -0.89 |
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
| FXNAX | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.15 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.25 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.69 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.47 | -1.03 |
Correlation
The correlation between FXNAX and DODIX is 0.89, 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
FXNAX vs. DODIX - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 3.35%, less than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.35% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
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
FXNAX vs. DODIX - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -19.51%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for FXNAX and DODIX.
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Drawdown Indicators
| FXNAX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -16.89% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.94% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -16.89% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.51% | -16.89% | -2.62% |
Current DrawdownCurrent decline from peak | -3.72% | -2.32% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -1.50% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.98% | -0.03% |
Volatility
FXNAX vs. DODIX - Volatility Comparison
The current volatility for Fidelity U.S. Bond Index Fund (FXNAX) is 1.57%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.85%. This indicates that FXNAX 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
| FXNAX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.85% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.80% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 4.61% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 5.52% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 4.42% | +0.57% |