TRAIX vs. DODBX
TRAIX (T. Rowe Price Capital Appreciation Fund Class I) and DODBX (Dodge & Cox Balanced Fund Class I) are both Diversified Portfolio funds. Both are actively managed. Over the past 10 years, TRAIX returned 11.18%/yr vs 9.56%/yr for DODBX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. TRAIX charges 0.59%/yr vs 0.52%/yr for DODBX.
Performance
TRAIX vs. DODBX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TRAIX having a 6.02% return and DODBX slightly higher at 6.18%. Over the past 10 years, TRAIX has outperformed DODBX with an annualized return of 11.18%, while DODBX has yielded a comparatively lower 9.56% annualized return.
TRAIX
- 1D
- 0.93%
- 1M
- -0.55%
- 6M
- 5.57%
- YTD
- 6.02%
- 1Y
- 10.62%
- 3Y*
- 12.05%
- 5Y*
- 8.25%
- 10Y*
- 11.18%
- ALL TIME*
- 11.42%
DODBX
- 1D
- 0.07%
- 1M
- 1.37%
- 6M
- 4.40%
- YTD
- 6.18%
- 1Y
- 13.51%
- 3Y*
- 11.14%
- 5Y*
- 7.37%
- 10Y*
- 9.56%
- ALL TIME*
- 9.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRAIX vs. DODBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRAIX T. Rowe Price Capital Appreciation Fund Class I | 6.02% | 12.57% | 12.64% | 19.01% | -11.89% | 18.59% | 18.28% | 24.71% | 0.76% | 15.45% |
DODBX Dodge & Cox Balanced Fund Class I | 6.18% | 14.44% | 8.76% | 13.77% | -7.30% | 19.21% | 7.93% | 19.64% | -4.66% | 11.51% |
Correlation
The correlation between TRAIX and DODBX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.79 |
The correlation between TRAIX and DODBX shifts across timeframes, from 0.64 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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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 Class I (TRAIX) and Dodge & Cox Balanced Fund Class I (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.
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.
| TRAIX | DODBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.09 | -0.53 |
| Martin ratioReturn relative to average drawdown | 6.34 | 7.46 | -1.12 |
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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 | -6.30% | -5.72% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.02% | -8.45% | -7.57% |
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 | -1.46% | -0.14% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -4.67% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.61% | -0.07% |
Volatility
TRAIX vs. DODBX - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation Fund Class I (TRAIX) is 2.00%, while Dodge & Cox Balanced Fund Class I (DODBX) has a volatility of 2.19%. This indicates that TRAIX experiences smaller price fluctuations and is considered to be less risky 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 | 2.00% | 2.19% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 5.65% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.86% | 7.49% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.80% | 10.75% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 13.16% | -0.43% |
TRAIX vs. DODBX - Expense Ratio Comparison
TRAIX has a 0.59% expense ratio, which is higher than DODBX's 0.52% expense ratio.
Dividends
TRAIX vs. DODBX - Dividend Comparison
TRAIX's dividend yield for the trailing twelve months is around 8.45%, more than DODBX's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund Class I | 6.74% | 7.53% | 8.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 7.53% | 5.59% | 5.44% |
TRAIX T. Rowe Price Capital Appreciation Fund Class I | 8.45% | 8.96% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% | 0.00% |
Frequently Asked Questions
TRAIX and DODBX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DODBX has higher volatility (2.19%) compared to TRAIX (2.00%). In terms of maximum drawdown, TRAIX dropped -26.84% vs DODBX's -50.20%.
DODBX currently has the higher Sharpe Ratio (1.60 vs 1.25), 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.
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