SABA vs. DOXLX
SABA (Saba Capital Income & Opportunities Fund II) and DOXLX (Dodge & Cox Global Bond Fund) are both Global Bonds funds. Over the past 3 years, SABA returned 9.11%/yr vs 6.64%/yr for DOXLX. At a 0.28 correlation, their price movements are largely independent.
Performance
SABA vs. DOXLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SABA achieves a 2.89% return, which is significantly higher than DOXLX's 1.07% return.
SABA
- 1D
- -0.37%
- 1M
- -2.54%
- YTD
- 2.89%
- 6M
- 1.91%
- 1Y
- -1.67%
- 3Y*
- 9.11%
- 5Y*
- 2.97%
- 10Y*
- 2.80%
DOXLX
- 1D
- -0.18%
- 1M
- 0.80%
- YTD
- 1.07%
- 6M
- 1.25%
- 1Y
- 5.91%
- 3Y*
- 6.64%
- 5Y*
- —
- 10Y*
- —
SABA vs. DOXLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SABA Saba Capital Income & Opportunities Fund II | 2.89% | -0.31% | 31.32% | -2.77% | -1.93% |
DOXLX Dodge & Cox Global Bond Fund | 1.07% | 11.60% | 0.63% | 12.48% | 0.43% |
Correlation
The correlation between SABA and DOXLX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.28 |
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
SABA vs. DOXLX — Risk / Return Rank
SABA
DOXLX
SABA vs. DOXLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund II (SABA) and Dodge & Cox Global Bond Fund (DOXLX). 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.
| SABA | DOXLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.26 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.68 | -1.84 |
| Martin ratioReturn relative to average drawdown | -0.31 | 5.09 | -5.40 |
Loading charts...
Drawdowns
SABA vs. DOXLX - Drawdown Comparison
The maximum SABA drawdown since its inception was -32.37%, which is greater than DOXLX's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for SABA and DOXLX.
Loading charts...
Drawdown Indicators
| SABA | DOXLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.37% | -8.14% | -24.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -3.65% | -6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -6.12% | -8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.39% | — | — |
Current DrawdownCurrent decline from peak | -6.00% | -1.64% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -1.63% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 1.20% | +4.22% |
Volatility
SABA vs. DOXLX - Volatility Comparison
Saba Capital Income & Opportunities Fund II (SABA) has a higher volatility of 2.98% compared to Dodge & Cox Global Bond Fund (DOXLX) at 1.35%. This indicates that SABA's price experiences larger fluctuations and is considered to be riskier than DOXLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SABA | DOXLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 1.35% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 3.47% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 4.37% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 5.47% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 5.47% | +11.18% |
Dividends
SABA vs. DOXLX - Dividend Comparison
SABA's dividend yield for the trailing twelve months is around 9.78%, more than DOXLX's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOXLX Dodge & Cox Global Bond Fund | 4.12% | 4.14% | 4.81% | 3.36% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SABA Saba Capital Income & Opportunities Fund II | 9.78% | 9.65% | 8.32% | 11.43% | 9.14% | 7.19% | 4.00% | 6.68% | 5.81% | 4.44% | 4.63% | 4.72% |
Frequently Asked Questions
SABA and DOXLX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SABA has higher volatility (2.98%) compared to DOXLX (1.35%). In terms of maximum drawdown, SABA dropped -32.37% vs DOXLX's -8.14%.
DOXLX currently has the higher Sharpe Ratio (1.40 vs -0.14), 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 SABA and DOXLX
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