MTGDX vs. DODIX
Compare and contrast key facts about Morgan Stanley Mortgage Securities Trust (MTGDX) and Dodge & Cox Income Fund (DODIX).
MTGDX is managed by Morgan Stanley. It was launched on Jul 28, 1997. DODIX is managed by Dodge & Cox.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTGDX or DODIX.
Key characteristics
| MTGDX | DODIX | |
|---|---|---|
| YTD Return | 9.68% | 6.05% |
| 1Y Return | 16.18% | 12.10% |
| 3Y Return (Ann) | 4.37% | 0.24% |
| 5Y Return (Ann) | 4.20% | 2.22% |
| 10Y Return (Ann) | 4.57% | 3.00% |
| Sharpe Ratio | 2.86 | 1.81 |
| Daily Std Dev | 5.64% | 6.55% |
| Max Drawdown | -12.97% | -16.38% |
| Current Drawdown | -0.38% | -0.46% |
Correlation
The correlation between MTGDX and DODIX is 0.70, 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.
Performance
MTGDX vs. DODIX - Performance Comparison
In the year-to-date period, MTGDX achieves a 9.68% return, which is significantly higher than DODIX's 6.05% return. Over the past 10 years, MTGDX has outperformed DODIX with an annualized return of 4.57%, while DODIX has yielded a comparatively lower 3.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MTGDX vs. DODIX - Expense Ratio Comparison
MTGDX has a 0.72% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Risk-Adjusted Performance
MTGDX vs. DODIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Mortgage Securities Trust (MTGDX) 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.
Dividends
MTGDX vs. DODIX - Dividend Comparison
MTGDX's dividend yield for the trailing twelve months is around 7.75%, more than DODIX's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTGDX Morgan Stanley Mortgage Securities Trust | 7.75% | 8.22% | 6.30% | 3.70% | 3.84% | 4.87% | 4.13% | 4.67% | 4.06% | 5.05% | 7.26% | 6.28% |
DODIX Dodge & Cox Income Fund | 3.93% | 3.86% | 2.82% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% | 4.15% | 3.07% |
Drawdowns
MTGDX vs. DODIX - Drawdown Comparison
The maximum MTGDX drawdown since its inception was -12.97%, smaller than the maximum DODIX drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for MTGDX and DODIX. For additional features, visit the drawdowns tool.
Volatility
MTGDX vs. DODIX - Volatility Comparison
The current volatility for Morgan Stanley Mortgage Securities Trust (MTGDX) is 0.87%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.24%. This indicates that MTGDX 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.