VCPAX vs. DODLX
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) and Dodge & Cox Global Bond Fund (DODLX).
VCPAX is managed by Vanguard. It was launched on Oct 25, 2021. DODLX is managed by Dodge & Cox. It was launched on Apr 30, 2014.
Performance
VCPAX vs. DODLX - Performance Comparison
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VCPAX vs. DODLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares | -0.41% | 8.06% | 2.95% | 6.80% | -12.60% | 0.32% |
DODLX Dodge & Cox Global Bond Fund | -0.65% | 11.51% | 0.55% | 12.30% | -8.21% | -0.66% |
Returns By Period
In the year-to-date period, VCPAX achieves a -0.41% return, which is significantly higher than DODLX's -0.65% return.
VCPAX
- 1D
- 0.47%
- 1M
- -2.20%
- YTD
- -0.41%
- 6M
- 0.76%
- 1Y
- 4.63%
- 3Y*
- 4.80%
- 5Y*
- —
- 10Y*
- —
DODLX
- 1D
- 0.36%
- 1M
- -3.32%
- YTD
- -0.65%
- 6M
- 0.39%
- 1Y
- 6.74%
- 3Y*
- 6.53%
- 5Y*
- 3.13%
- 10Y*
- 4.83%
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VCPAX vs. DODLX - Expense Ratio Comparison
VCPAX has a 0.20% expense ratio, which is lower than DODLX's 0.45% expense ratio.
Return for Risk
VCPAX vs. DODLX — Risk / Return Rank
VCPAX
DODLX
VCPAX vs. DODLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) and Dodge & Cox Global Bond Fund (DODLX). 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.
| VCPAX | DODLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 1.57 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.72 | 2.23 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.00 | -0.04 |
Martin ratioReturn relative to average drawdown | 6.49 | 8.06 | -1.58 |
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
| VCPAX | DODLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.57 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.77 | -0.63 |
Correlation
The correlation between VCPAX and DODLX is 0.84, 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
VCPAX vs. DODLX - Dividend Comparison
VCPAX's dividend yield for the trailing twelve months is around 4.45%, more than DODLX's 4.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares | 4.45% | 4.86% | 5.19% | 4.55% | 3.26% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DODLX Dodge & Cox Global Bond Fund | 4.11% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% |
Drawdowns
VCPAX vs. DODLX - Drawdown Comparison
The maximum VCPAX drawdown since its inception was -17.25%, which is greater than DODLX's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for VCPAX and DODLX.
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Drawdown Indicators
| VCPAX | DODLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -16.30% | -0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.67% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.30% | — |
Current DrawdownCurrent decline from peak | -2.20% | -3.32% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -3.06% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.91% | -0.09% |
Volatility
VCPAX vs. DODLX - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) is 1.56%, while Dodge & Cox Global Bond Fund (DODLX) has a volatility of 1.99%. This indicates that VCPAX experiences smaller price fluctuations and is considered to be less risky than DODLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCPAX | DODLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.99% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.77% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 4.45% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 5.17% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.70% | 4.77% | +0.93% |