IWP vs. DODLX
IWP (iShares Russell Mid-Cap Growth ETF) and DODLX (Dodge & Cox Global Bond Fund Class I) are both funds - IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index, while DODLX is a Global Bonds fund managed by Dodge & Cox. Over the past 10 years, IWP returned 11.80%/yr vs 4.53%/yr for DODLX. At a 0.34 correlation, their price movements are largely independent. IWP charges 0.23%/yr vs 0.45%/yr for DODLX.
Performance
IWP vs. DODLX - Performance Comparison
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Returns By Period
In the year-to-date period, IWP achieves a 2.13% return, which is significantly higher than DODLX's 0.79% return. Over the past 10 years, IWP has outperformed DODLX with an annualized return of 11.80%, while DODLX has yielded a comparatively lower 4.53% annualized return.
IWP
- 1D
- 1.49%
- 1M
- -1.63%
- 6M
- 1.24%
- YTD
- 2.13%
- 1Y
- 0.21%
- 3Y*
- 12.63%
- 5Y*
- 4.78%
- 10Y*
- 11.80%
- ALL TIME*
- 9.19%
DODLX
- 1D
- -0.18%
- 1M
- -0.43%
- 6M
- 0.70%
- YTD
- 0.79%
- 1Y
- 4.85%
- 3Y*
- 6.03%
- 5Y*
- 2.93%
- 10Y*
- 4.53%
- ALL TIME*
- 3.56%
IWP vs. DODLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | 2.13% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
DODLX Dodge & Cox Global Bond Fund Class I | 0.79% | 11.51% | 0.55% | 12.30% | -8.21% | -0.85% | 11.87% | 12.23% | -1.45% | 8.31% |
Correlation
The correlation between IWP and DODLX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.34 |
The correlation between IWP and DODLX shifts across timeframes, from 0.32 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWP vs. DODLX — Risk / Return Rank
IWP
DODLX
IWP vs. DODLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) 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.
| IWP | DODLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.23 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 1.46 | -1.44 |
| Martin ratioReturn relative to average drawdown | 0.04 | 4.20 | -4.16 |
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Drawdowns
IWP vs. DODLX - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, which is greater than DODLX's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for IWP and DODLX.
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Drawdown Indicators
| IWP | DODLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -16.30% | -40.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -3.67% | -11.12% |
Max Drawdown (3Y)Largest decline over 3 years | -25.20% | -6.21% | -18.99% |
Max Drawdown (5Y)Largest decline over 5 years | -38.62% | -16.30% | -22.32% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -16.30% | -22.32% |
Current DrawdownCurrent decline from peak | -4.62% | -1.91% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -3.03% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 1.27% | +3.92% |
Volatility
IWP vs. DODLX - Volatility Comparison
iShares Russell Mid-Cap Growth ETF (IWP) has a higher volatility of 5.20% compared to Dodge & Cox Global Bond Fund Class I (DODLX) at 0.98%. This indicates that IWP's price experiences larger fluctuations and is considered to be riskier than DODLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWP | DODLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 0.98% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.86% | 3.57% | +10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.35% | 4.33% | +13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 5.28% | +17.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.70% | 4.81% | +16.89% |
IWP vs. DODLX - Expense Ratio Comparison
IWP has a 0.23% expense ratio, which is lower than DODLX's 0.45% expense ratio.
Dividends
IWP vs. DODLX - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.35%, less than DODLX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODLX Dodge & Cox Global Bond Fund Class I | 4.15% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% | 0.00% |
IWP iShares Russell Mid-Cap Growth ETF | 0.35% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
Frequently Asked Questions
IWP and DODLX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWP has higher volatility (5.20%) compared to DODLX (0.98%). In terms of maximum drawdown, IWP dropped -56.92% vs DODLX's -16.30%.
DODLX currently has the higher Sharpe Ratio (1.24 vs 0.01), 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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