VGCAX vs. DODLX
Compare and contrast key facts about Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Dodge & Cox Global Bond Fund (DODLX).
VGCAX is managed by Vanguard. It was launched on Nov 15, 2018. DODLX is managed by Dodge & Cox. It was launched on Apr 30, 2014.
Performance
VGCAX vs. DODLX - Performance Comparison
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VGCAX vs. DODLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | -0.47% | 7.30% | 3.99% | 9.22% | -13.43% | -0.64% | 10.81% | 13.05% | 0.96% |
DODLX Dodge & Cox Global Bond Fund | -0.21% | 11.51% | 0.55% | 12.30% | -8.21% | -0.85% | 11.87% | 12.23% | 0.89% |
Returns By Period
In the year-to-date period, VGCAX achieves a -0.47% return, which is significantly lower than DODLX's -0.21% return.
VGCAX
- 1D
- 0.37%
- 1M
- -1.74%
- YTD
- -0.47%
- 6M
- 0.34%
- 1Y
- 4.73%
- 3Y*
- 5.55%
- 5Y*
- 1.37%
- 10Y*
- —
DODLX
- 1D
- 0.45%
- 1M
- -2.29%
- YTD
- -0.21%
- 6M
- 0.57%
- 1Y
- 6.83%
- 3Y*
- 6.69%
- 5Y*
- 3.17%
- 10Y*
- 4.88%
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VGCAX vs. DODLX - Expense Ratio Comparison
VGCAX has a 0.25% expense ratio, which is lower than DODLX's 0.45% expense ratio.
Return for Risk
VGCAX vs. DODLX — Risk / Return Rank
VGCAX
DODLX
VGCAX vs. DODLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) 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.
| VGCAX | DODLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.63 | -0.21 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.31 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.02 | -0.27 |
Martin ratioReturn relative to average drawdown | 6.84 | 8.00 | -1.15 |
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
| VGCAX | DODLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.63 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.62 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.78 | +0.01 |
Correlation
The correlation between VGCAX and DODLX is 0.72, 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
VGCAX vs. DODLX - Dividend Comparison
VGCAX's dividend yield for the trailing twelve months is around 3.88%, less than DODLX's 4.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 3.88% | 4.91% | 4.65% | 4.48% | 2.72% | 3.16% | 4.65% | 6.88% | 0.36% | 0.00% | 0.00% |
DODLX Dodge & Cox Global Bond Fund | 4.09% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% |
Drawdowns
VGCAX vs. DODLX - Drawdown Comparison
The maximum VGCAX drawdown since its inception was -18.63%, which is greater than DODLX's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for VGCAX and DODLX.
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Drawdown Indicators
| VGCAX | DODLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.63% | -16.30% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -3.67% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -16.30% | -2.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.30% | — |
Current DrawdownCurrent decline from peak | -2.19% | -2.88% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -3.06% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.93% | -0.19% |
Volatility
VGCAX vs. DODLX - Volatility Comparison
The current volatility for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) is 1.57%, while Dodge & Cox Global Bond Fund (DODLX) has a volatility of 2.02%. This indicates that VGCAX 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
| VGCAX | DODLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 2.02% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 2.79% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 4.46% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 5.17% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 4.77% | +0.09% |