TRVLX vs. DODGX

Last updated Jun 5, 2026

TRVLX (T. Rowe Price Value Fund) and DODGX (Dodge & Cox Stock Fund Class I) are both Large Cap Value Equities funds. Over the past 10 years, TRVLX returned 11.58%/yr vs 12.63%/yr for DODGX. Their correlation of 0.93 suggests significant overlap in exposure. TRVLX charges 0.65%/yr vs 0.51%/yr for DODGX.

Performance

TRVLX vs. DODGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Value Fund (TRVLX) and Dodge & Cox Stock Fund Class I (DODGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRVLX achieves a 12.04% return, which is significantly higher than DODGX's 2.62% return. Over the past 10 years, TRVLX has underperformed DODGX with an annualized return of 11.58%, while DODGX has yielded a comparatively higher 12.63% annualized return.

TRVLX

• 1D: 0.00%
• 1M: 0.62%
• YTD: 12.04%
• 6M: 11.75%
• 1Y: 20.96%
• 3Y*: 17.14%
• 5Y*: 9.07%
• 10Y*: 11.58%

DODGX

• 1D: -0.30%
• 1M: -0.18%
• YTD: 2.62%
• 6M: 4.59%
• 1Y: 12.14%
• 3Y*: 14.90%
• 5Y*: 8.31%
• 10Y*: 12.63%

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

TRVLX vs. DODGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRVLX T. Rowe Price Value Fund	12.04%	12.20%	14.98%	12.16%	-11.37%	29.86%	10.48%	26.20%	-9.44%	17.35%
DODGX Dodge & Cox Stock Fund Class I	2.62%	13.66%	14.36%	17.49%	-7.25%	31.72%	7.10%	24.30%	-7.15%	18.33%

Correlation

The correlation between TRVLX and DODGX 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 3, 1994	0.93

The correlation between TRVLX and DODGX shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TRVLX vs. DODGX — Risk / Return Rank

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

TRVLX

TRVLX Risk / Return Rank: 50
TRVLX Sharpe Ratio Rank: 44
TRVLX Sortino Ratio Rank: 45
TRVLX Omega Ratio Rank: 41
TRVLX Calmar Ratio Rank: 60
TRVLX Martin Ratio Rank: 59

DODGX

DODGX Risk / Return Rank: 17
DODGX Sharpe Ratio Rank: 15
DODGX Sortino Ratio Rank: 15
DODGX Omega Ratio Rank: 14
DODGX Calmar Ratio Rank: 20
DODGX Martin Ratio Rank: 23

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.

TRVLX vs. DODGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Value Fund (TRVLX) and Dodge & Cox Stock Fund Class I (DODGX). 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.

	TRVLX	DODGX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.11	+0.84
Sortino ratio: Return per unit of downside risk	2.83	1.61	+1.23
Omega ratio: Gain probability vs. loss probability	1.35	1.20	+0.15
Calmar ratio: Return relative to maximum drawdown	2.97	1.63	+1.34
Martin ratio: Return relative to average drawdown	11.70	5.74	+5.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRVLX vs. DODGX - Sharpe Ratio Comparison

The current TRVLX Sharpe Ratio is 1.95, which is higher than the DODGX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of TRVLX and DODGX, 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

	TRVLX	DODGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.11	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.52	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.66	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.63	-0.02

Drawdowns

TRVLX vs. DODGX - Drawdown Comparison

The maximum TRVLX drawdown since its inception was -60.22%, roughly equal to the maximum DODGX drawdown of -63.24%. Use the drawdown chart below to compare losses from any high point for TRVLX and DODGX.

Drawdown Indicators

	TRVLX	DODGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.22%	-63.24%	+3.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.05%	-7.48%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-13.01%	-14.89%	+1.88%
Max Drawdown (5Y) Largest decline over 5 years	-20.35%	-21.85%	+1.50%
Max Drawdown (10Y) Largest decline over 10 years	-38.65%	-40.41%	+1.76%
Current Drawdown Current decline from peak	-0.63%	-1.81%	+1.18%
Average Drawdown Average peak-to-trough decline	-7.51%	-7.51%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	2.12%	-0.35%

Volatility

TRVLX vs. DODGX - Volatility Comparison

T. Rowe Price Value Fund (TRVLX) has a higher volatility of 2.73% compared to Dodge & Cox Stock Fund Class I (DODGX) at 2.33%. This indicates that TRVLX's price experiences larger fluctuations and is considered to be riskier than DODGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRVLX	DODGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.33%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	7.97%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	10.79%	11.05%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	15.95%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	19.21%	-1.86%

TRVLX vs. DODGX - Expense Ratio Comparison

TRVLX has a 0.65% expense ratio, which is higher than DODGX's 0.51% expense ratio.

Dividends

TRVLX vs. DODGX - Dividend Comparison

TRVLX's dividend yield for the trailing twelve months is around 4.07%, less than DODGX's 9.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODGX Dodge & Cox Stock Fund Class I	9.47%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%
TRVLX T. Rowe Price Value Fund	4.07%	4.56%	8.50%	2.97%	10.09%	10.92%	2.33%	1.69%	11.09%	5.89%	3.06%	8.77%

Frequently Asked Questions

Can I hold both TRVLX and DODGX in my portfolio?

TRVLX and DODGX 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, TRVLX or DODGX?

TRVLX has higher volatility (2.73%) compared to DODGX (2.33%). In terms of maximum drawdown, TRVLX dropped -60.22% vs DODGX's -63.24%.

Which has better risk-adjusted returns?

TRVLX currently has the higher Sharpe Ratio (1.95 vs 1.11), 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.