VBLAX vs. DODIX
Compare and contrast key facts about Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) and Dodge & Cox Income Fund (DODIX).
VBLAX is managed by Vanguard. It was launched on Feb 7, 2019. DODIX is managed by Dodge & Cox.
Performance
VBLAX vs. DODIX - Performance Comparison
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VBLAX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | -1.15% | 6.57% | -4.14% | 7.55% | -27.22% | -3.36% | 15.75% | 16.45% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 7.94% |
Returns By Period
In the year-to-date period, VBLAX achieves a -1.15% return, which is significantly lower than DODIX's -0.19% return.
VBLAX
- 1D
- 1.07%
- 1M
- -4.25%
- YTD
- -1.15%
- 6M
- -1.40%
- 1Y
- 1.61%
- 3Y*
- 0.74%
- 5Y*
- -2.98%
- 10Y*
- —
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
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VBLAX vs. DODIX - Expense Ratio Comparison
VBLAX has a 0.07% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
VBLAX vs. DODIX — Risk / Return Rank
VBLAX
DODIX
VBLAX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) and Dodge & Cox Income Fund (DODIX). 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.
| VBLAX | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 1.15 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.43 | 1.65 | -1.22 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 2.02 | -1.49 |
Martin ratioReturn relative to average drawdown | 1.30 | 6.03 | -4.73 |
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
| VBLAX | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 1.15 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.25 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 1.47 | -1.44 |
Correlation
The correlation between VBLAX and DODIX is 0.87, 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
VBLAX vs. DODIX - Dividend Comparison
VBLAX's dividend yield for the trailing twelve months is around 4.34%, more than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | 4.34% | 4.64% | 4.61% | 4.08% | 4.13% | 2.62% | 5.39% | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% |
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Drawdowns
VBLAX vs. DODIX - Drawdown Comparison
The maximum VBLAX drawdown since its inception was -38.62%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for VBLAX and DODIX.
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Drawdown Indicators
| VBLAX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -16.89% | -21.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -2.94% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | -16.89% | -19.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.89% | — |
Current DrawdownCurrent decline from peak | -25.71% | -2.32% | -23.39% |
Average DrawdownAverage peak-to-trough decline | -17.93% | -1.50% | -16.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 0.98% | +1.83% |
Volatility
VBLAX vs. DODIX - Volatility Comparison
Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) has a higher volatility of 3.34% compared to Dodge & Cox Income Fund (DODIX) at 1.85%. This indicates that VBLAX's price experiences larger fluctuations and is considered to be riskier than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBLAX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.85% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 2.80% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 4.61% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 5.52% | +7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 4.42% | +8.32% |