VCPAX vs. DODIX
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) and Dodge & Cox Income Fund (DODIX).
VCPAX is managed by Vanguard. It was launched on Oct 25, 2021. DODIX is managed by Dodge & Cox.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCPAX or DODIX.
Key characteristics
| VCPAX | DODIX | |
|---|---|---|
| YTD Return | 3.49% | 3.45% |
| 1Y Return | 10.51% | 10.65% |
| 3Y Return (Ann) | -1.41% | -0.45% |
| Sharpe Ratio | 1.76 | 1.60 |
| Sortino Ratio | 2.61 | 2.36 |
| Omega Ratio | 1.32 | 1.28 |
| Calmar Ratio | 0.73 | 0.85 |
| Martin Ratio | 7.31 | 6.46 |
| Ulcer Index | 1.32% | 1.51% |
| Daily Std Dev | 5.47% | 6.09% |
| Max Drawdown | -17.25% | -16.38% |
| Current Drawdown | -4.17% | -2.89% |
Correlation
The correlation between VCPAX and DODIX is 0.98, 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.
Performance
VCPAX vs. DODIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VCPAX having a 3.49% return and DODIX slightly lower at 3.45%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VCPAX vs. DODIX - Expense Ratio Comparison
VCPAX has a 0.20% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Risk-Adjusted Performance
VCPAX vs. DODIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) 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.
Dividends
VCPAX vs. DODIX - Dividend Comparison
VCPAX's dividend yield for the trailing twelve months is around 4.78%, more than DODIX's 4.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares | 4.78% | 4.54% | 3.26% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DODIX Dodge & Cox Income Fund | 4.14% | 3.86% | 2.84% | 1.89% | 2.44% | 3.04% | 3.00% | 2.76% | 3.11% | 3.03% | 3.84% | 3.07% |
Drawdowns
VCPAX vs. DODIX - Drawdown Comparison
The maximum VCPAX drawdown since its inception was -17.25%, which is greater than DODIX's maximum drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for VCPAX and DODIX. For additional features, visit the drawdowns tool.
Volatility
VCPAX vs. DODIX - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) is 1.55%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.74%. This indicates that VCPAX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.