PRRIX vs. DOXIX

Last updated Jun 3, 2026

PRRIX (PIMCO Real Return Fund) and DOXIX (Dodge & Cox Income Fund Class X) are both mutual funds - PRRIX is a Inflation-Protected Bonds fund managed by PIMCO, while DOXIX is a Intermediate Core-Plus Bond fund actively managed by Dodge & Cox. Over the past 3 years, PRRIX returned 4.70%/yr vs 5.31%/yr for DOXIX. Their correlation of 0.83 suggests significant overlap in exposure. PRRIX charges 0.45%/yr vs 0.33%/yr for DOXIX.

Performance

PRRIX vs. DOXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Real Return Fund (PRRIX) and Dodge & Cox Income Fund Class X (DOXIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRRIX achieves a 1.57% return, which is significantly higher than DOXIX's 0.45% return.

PRRIX

• 1D: -0.10%
• 1M: 0.15%
• YTD: 1.57%
• 6M: 1.34%
• 1Y: 5.96%
• 3Y*: 4.70%
• 5Y*: 1.03%
• 10Y*: 2.87%

DOXIX

• 1D: -0.08%
• 1M: 0.08%
• YTD: 0.45%
• 6M: 0.59%
• 1Y: 6.42%
• 3Y*: 5.31%
• 5Y*: —
• 10Y*: —

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

PRRIX vs. DOXIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PRRIX PIMCO Real Return Fund	1.57%	8.19%	2.60%	3.29%	-7.55%
DOXIX Dodge & Cox Income Fund Class X	0.45%	8.39%	2.33%	7.75%	-2.35%

Correlation

The correlation between PRRIX and DOXIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.83

The correlation between PRRIX and DOXIX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

PRRIX vs. DOXIX — Risk / Return Rank

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

PRRIX

PRRIX Risk / Return Rank: 32
PRRIX Sharpe Ratio Rank: 24
PRRIX Sortino Ratio Rank: 28
PRRIX Omega Ratio Rank: 26
PRRIX Calmar Ratio Rank: 41
PRRIX Martin Ratio Rank: 40

DOXIX

DOXIX Risk / Return Rank: 28
DOXIX Sharpe Ratio Rank: 28
DOXIX Sortino Ratio Rank: 29
DOXIX Omega Ratio Rank: 27
DOXIX Calmar Ratio Rank: 28
DOXIX Martin Ratio Rank: 24

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.

PRRIX vs. DOXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Real Return Fund (PRRIX) and Dodge & Cox Income Fund Class X (DOXIX). 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.

	PRRIX	DOXIX	Difference
Sharpe ratio Return per unit of total volatility	1.44	1.55	-0.11
Sortino ratio Return per unit of downside risk	2.26	2.29	-0.04
Omega ratio Gain probability vs. loss probability	1.27	1.28	0.00
Calmar ratio Return relative to maximum drawdown	2.48	2.04	+0.44
Martin ratio Return relative to average drawdown	8.71	6.32	+2.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRRIX vs. DOXIX - Sharpe Ratio Comparison

The current PRRIX Sharpe Ratio is 1.44, which is comparable to the DOXIX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of PRRIX and DOXIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRRIX	DOXIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.55	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.68	+0.18

Drawdowns

PRRIX vs. DOXIX - Drawdown Comparison

The maximum PRRIX drawdown since its inception was -19.25%, which is greater than DOXIX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for PRRIX and DOXIX.

Drawdown Indicators

	PRRIX	DOXIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.25%	-8.83%	-10.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.66%	-3.15%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-4.51%	-5.66%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-15.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.76%	—	—
Current Drawdown Current decline from peak	-0.10%	-1.69%	+1.59%
Average Drawdown Average peak-to-trough decline	-3.17%	-1.86%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	1.02%	-0.26%

Volatility

PRRIX vs. DOXIX - Volatility Comparison

PIMCO Real Return Fund (PRRIX) has a higher volatility of 1.66% compared to Dodge & Cox Income Fund Class X (DOXIX) at 1.42%. This indicates that PRRIX's price experiences larger fluctuations and is considered to be riskier than DOXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRRIX	DOXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	1.42%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	2.95%	2.94%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	4.06%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.27%	5.86%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.64%	5.86%	-0.22%

PRRIX vs. DOXIX - Expense Ratio Comparison

PRRIX has a 0.45% expense ratio, which is higher than DOXIX's 0.33% expense ratio.

Dividends

PRRIX vs. DOXIX - Dividend Comparison

PRRIX's dividend yield for the trailing twelve months is around 4.14%, less than DOXIX's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOXIX Dodge & Cox Income Fund Class X	4.33%	4.30%	4.32%	3.92%	2.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRRIX PIMCO Real Return Fund	4.14%	3.92%	3.17%	2.83%	7.38%	5.12%	2.62%	1.91%	2.70%	2.57%	1.10%	0.99%

Frequently Asked Questions

Can I hold both PRRIX and DOXIX in my portfolio?

PRRIX and DOXIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRRIX or DOXIX?

PRRIX has higher volatility (1.66%) compared to DOXIX (1.42%). In terms of maximum drawdown, PRRIX dropped -19.25% vs DOXIX's -8.83%.

Which has better risk-adjusted returns?

DOXIX currently has the higher Sharpe Ratio (1.55 vs 1.44), 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.