MPHQX vs. DODIX
MPHQX (BlackRock Total Return Fund Class K) and DODIX (Dodge & Cox Income Fund) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 10 years, MPHQX returned 2.20%/yr vs 2.92%/yr for DODIX. Their correlation of 0.85 suggests significant overlap in exposure. MPHQX charges 0.37%/yr vs 0.41%/yr for DODIX.
Performance
MPHQX vs. DODIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MPHQX achieves a 0.96% return, which is significantly higher than DODIX's 0.67% return. Over the past 10 years, MPHQX has underperformed DODIX with an annualized return of 2.20%, while DODIX has yielded a comparatively higher 2.92% annualized return.
MPHQX
- 1D
- 0.20%
- 1M
- 1.30%
- YTD
- 0.96%
- 6M
- 1.47%
- 1Y
- 6.15%
- 3Y*
- 4.62%
- 5Y*
- 0.32%
- 10Y*
- 2.20%
DODIX
- 1D
- 0.23%
- 1M
- 0.95%
- YTD
- 0.67%
- 6M
- 0.83%
- 1Y
- 5.75%
- 3Y*
- 5.20%
- 5Y*
- 1.20%
- 10Y*
- 2.92%
MPHQX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPHQX BlackRock Total Return Fund Class K | 0.96% | 8.21% | 1.92% | 6.04% | -14.14% | -0.68% | 9.10% | 9.91% | -0.81% | 4.33% |
DODIX Dodge & Cox Income Fund | 0.67% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Correlation
The correlation between MPHQX and DODIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2001 | 0.85 |
The correlation between MPHQX and DODIX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MPHQX vs. DODIX — Risk / Return Rank
MPHQX
DODIX
MPHQX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Total Return Fund Class K (MPHQX) 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.
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.
| MPHQX | DODIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.82 | -0.36 |
| Martin ratioReturn relative to average drawdown | 3.77 | 5.22 | -1.45 |
Loading charts...
Drawdowns
MPHQX vs. DODIX - Drawdown Comparison
The maximum MPHQX drawdown since its inception was -21.68%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for MPHQX and DODIX.
Loading charts...
Drawdown Indicators
| MPHQX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -16.89% | -4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -3.17% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | -5.68% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -16.89% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -16.89% | -2.39% |
Current DrawdownCurrent decline from peak | -2.19% | -1.48% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -1.50% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.10% | +0.56% |
Volatility
MPHQX vs. DODIX - Volatility Comparison
BlackRock Total Return Fund Class K (MPHQX) has a higher volatility of 1.29% compared to Dodge & Cox Income Fund (DODIX) at 1.18%. This indicates that MPHQX's price experiences larger fluctuations and is considered to be riskier than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MPHQX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.18% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.60% | 3.06% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 4.05% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 5.57% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 4.45% | +0.70% |
MPHQX vs. DODIX - Expense Ratio Comparison
MPHQX has a 0.37% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Dividends
MPHQX vs. DODIX - Dividend Comparison
MPHQX's dividend yield for the trailing twelve months is around 4.77%, more than DODIX's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODIX Dodge & Cox Income Fund | 4.25% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
MPHQX BlackRock Total Return Fund Class K | 4.77% | 4.89% | 5.01% | 4.19% | 3.09% | 2.58% | 6.30% | 3.24% | 3.40% | 3.21% | 2.89% | 3.49% |
Frequently Asked Questions
MPHQX and DODIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPHQX has higher volatility (1.29%) compared to DODIX (1.18%). In terms of maximum drawdown, MPHQX dropped -21.68% vs DODIX's -16.89%.
DODIX currently has the higher Sharpe Ratio (1.43 vs 1.36), 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.
Find the right allocation for MPHQX and DODIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer