TRAIX vs. DODBX
Compare and contrast key facts about T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and Dodge & Cox Balanced Fund (DODBX).
TRAIX is an actively managed fund by T. Rowe Price. It was launched on Dec 17, 2015. DODBX is managed by Dodge & Cox. It was launched on Jun 25, 1931.
Performance
TRAIX vs. DODBX - Performance Comparison
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TRAIX vs. DODBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | -3.16% | 21.05% | 12.64% | 19.01% | -11.89% | 18.59% | 18.28% | 24.71% | 0.76% | 15.45% |
DODBX Dodge & Cox Balanced Fund | -0.36% | 14.44% | 8.76% | 13.77% | -7.30% | 19.21% | 7.93% | 19.64% | -4.66% | 11.51% |
Returns By Period
In the year-to-date period, TRAIX achieves a -3.16% return, which is significantly lower than DODBX's -0.36% return. Over the past 10 years, TRAIX has outperformed DODBX with an annualized return of 11.53%, while DODBX has yielded a comparatively lower 9.45% annualized return.
TRAIX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.16%
- 6M
- 5.60%
- 1Y
- 16.95%
- 3Y*
- 13.87%
- 5Y*
- 9.36%
- 10Y*
- 11.53%
DODBX
- 1D
- 1.37%
- 1M
- -3.79%
- YTD
- -0.36%
- 6M
- 1.20%
- 1Y
- 8.67%
- 3Y*
- 11.26%
- 5Y*
- 7.08%
- 10Y*
- 9.45%
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TRAIX vs. DODBX - Expense Ratio Comparison
TRAIX has a 0.59% expense ratio, which is higher than DODBX's 0.52% expense ratio.
Return for Risk
TRAIX vs. DODBX — Risk / Return Rank
TRAIX
DODBX
TRAIX vs. DODBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and Dodge & Cox Balanced Fund (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.
| TRAIX | DODBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 0.90 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.39 | 1.28 | +1.11 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.11 | +1.45 |
Martin ratioReturn relative to average drawdown | 10.55 | 4.57 | +5.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRAIX | DODBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.90 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.66 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.72 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.73 | +0.17 |
Correlation
The correlation between TRAIX and DODBX is 0.80, 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.
Dividends
TRAIX vs. DODBX - Dividend Comparison
TRAIX's dividend yield for the trailing twelve months is around 16.39%, more than DODBX's 7.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | 16.39% | 15.87% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% | 0.00% |
DODBX Dodge & Cox Balanced Fund | 7.25% | 7.53% | 8.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 7.53% | 5.59% | 5.44% |
Drawdowns
TRAIX vs. DODBX - Drawdown Comparison
The maximum TRAIX drawdown since its inception was -26.84%, smaller than the maximum DODBX drawdown of -50.20%. Use the drawdown chart below to compare losses from any high point for TRAIX and DODBX.
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Drawdown Indicators
| TRAIX | DODBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.84% | -50.20% | +23.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -7.71% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -17.74% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -26.84% | -31.29% | +4.45% |
Current DrawdownCurrent decline from peak | -4.45% | -4.13% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -4.69% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.88% | -0.23% |
Volatility
TRAIX vs. DODBX - Volatility Comparison
T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) has a higher volatility of 3.66% compared to Dodge & Cox Balanced Fund (DODBX) at 3.03%. This indicates that TRAIX'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.
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Volatility by Period
| TRAIX | DODBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 3.03% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 5.55% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 9.79% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 10.82% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 13.26% | -0.28% |