LBRDK vs. DODBX

Last updated Jul 14, 2026

LBRDK (Liberty Broadband Corporation) is a stock, while DODBX (Dodge & Cox Balanced Fund Class I) is Diversified Portfolio fund actively managed by Dodge & Cox. Over the past 10 years, LBRDK returned -5.51%/yr vs 9.56%/yr for DODBX. At a 0.48 correlation, their price movements are largely independent.

Performance

LBRDK vs. DODBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty Broadband Corporation (LBRDK) and Dodge & Cox Balanced Fund Class I (DODBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LBRDK achieves a -36.63% return, which is significantly lower than DODBX's 4.90% return. Over the past 10 years, LBRDK has underperformed DODBX with an annualized return of -5.51%, while DODBX has yielded a comparatively higher 9.56% annualized return.

LBRDK

• 1D: 0.29%
• 1M: -9.92%
• 6M: -36.02%
• YTD: -36.63%
• 1Y: -62.96%
• 3Y*: -24.69%
• 5Y*: -27.08%
• 10Y*: -5.51%

DODBX

• 1D: 0.29%
• 1M: 1.39%
• 6M: 3.14%
• YTD: 4.90%
• 1Y: 10.54%
• 3Y*: 11.88%
• 5Y*: 7.05%
• 10Y*: 9.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LBRDK vs. DODBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LBRDK Liberty Broadband Corporation	-36.63%	-25.83%	-7.23%	5.66%	-52.66%	1.72%	25.94%	74.58%	-15.42%	14.97%
DODBX Dodge & Cox Balanced Fund Class I	4.90%	14.44%	8.76%	13.77%	-7.30%	19.21%	7.93%	19.64%	-4.66%	11.51%

Correlation

The correlation between LBRDK and DODBX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Nov 4, 2014	0.48

Return for Risk

LBRDK vs. DODBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LBRDK

LBRDK Risk / Return Rank: 5
LBRDK Sharpe Ratio Rank: 2
LBRDK Sortino Ratio Rank: 3
LBRDK Omega Ratio Rank: 2
LBRDK Calmar Ratio Rank: 5
LBRDK Martin Ratio Rank: 10

DODBX

DODBX Risk / Return Rank: 35
DODBX Sharpe Ratio Rank: 36
DODBX Sortino Ratio Rank: 37
DODBX Omega Ratio Rank: 35
DODBX Calmar Ratio Rank: 34
DODBX Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LBRDK vs. DODBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty Broadband Corporation (LBRDK) and Dodge & Cox Balanced Fund Class I (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.

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.

	LBRDK	DODBX	Difference
Sharpe ratio: Return per unit of total volatility	-1.24	1.33	-2.57
Sortino ratio: Return per unit of downside risk	-1.95	1.95	-3.90
Omega ratio: Gain probability vs. loss probability	0.72	1.24	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.93	1.74	-2.67
Martin ratio: Return relative to average drawdown	-1.37	6.07	-7.44

LBRDK vs. DODBX - Sharpe Ratio Comparison

The current LBRDK Sharpe Ratio is -1.24, which is lower than the DODBX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of LBRDK and DODBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LBRDK vs. DODBX - Drawdown Comparison

The maximum LBRDK drawdown since its inception was -82.60%, which is greater than DODBX's maximum drawdown of -50.20%. Use the drawdown chart below to compare losses from any high point for LBRDK and DODBX.

Drawdown Indicators

	LBRDK	DODBX	Difference
Max Drawdown Largest peak-to-trough decline	-82.60%	-50.20%	-32.40%
Max Drawdown (1Y) Largest decline over 1 year	-67.67%	-5.72%	-61.95%
Max Drawdown (3Y) Largest decline over 3 years	-67.67%	-8.45%	-59.22%
Max Drawdown (5Y) Largest decline over 5 years	-82.60%	-17.74%	-64.86%
Max Drawdown (10Y) Largest decline over 10 years	-82.60%	-31.29%	-51.31%
Current Drawdown Current decline from peak	-81.78%	-0.07%	-81.71%
Average Drawdown Average peak-to-trough decline	-27.44%	-4.67%	-22.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.06%	1.64%	+44.42%

Volatility

LBRDK vs. DODBX - Volatility Comparison

Liberty Broadband Corporation (LBRDK) has a higher volatility of 16.30% compared to Dodge & Cox Balanced Fund Class I (DODBX) at 2.29%. This indicates that LBRDK'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.

Volatility by Period

	LBRDK	DODBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.30%	2.29%	+14.01%
Volatility (6M) Calculated over the trailing 6-month period	44.94%	5.69%	+39.25%
Volatility (1Y) Calculated over the trailing 1-year period	51.07%	7.47%	+43.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.07%	10.77%	+30.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.96%	13.16%	+21.80%

Dividends

LBRDK vs. DODBX - Dividend Comparison

LBRDK's dividend yield for the trailing twelve months is around 20.03%, more than DODBX's 6.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODBX Dodge & Cox Balanced Fund Class I	6.83%	7.53%	8.21%	4.64%	8.67%	10.62%	6.92%	9.35%	9.57%	7.53%	5.59%	5.44%
LBRDK Liberty Broadband Corporation	20.03%	12.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LBRDK and DODBX in my portfolio?

LBRDK and DODBX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LBRDK or DODBX?

LBRDK has higher volatility (16.30%) compared to DODBX (2.29%). In terms of maximum drawdown, LBRDK dropped -82.60% vs DODBX's -50.20%.

Which has better risk-adjusted returns?

DODBX currently has the higher Sharpe Ratio (1.33 vs -1.24), 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.