VGYAX vs. DODFX

Last updated Aug 1, 2026

VGYAX (Vanguard Global Wellesley Income Fund Admiral Shares) and DODFX (Dodge & Cox International Stock Fund) are both mutual funds - VGYAX is a Conservative Allocation fund managed by Vanguard, while DODFX is a Foreign Large Cap Equities fund actively managed by Dodge & Cox. Over the past 5 years, VGYAX returned 5.23%/yr vs 12.68%/yr for DODFX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. VGYAX charges 0.30%/yr vs 0.61%/yr for DODFX.

Performance

VGYAX vs. DODFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Wellesley Income Fund Admiral Shares (VGYAX) and Dodge & Cox International Stock Fund (DODFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGYAX achieves a 5.79% return, which is significantly lower than DODFX's 14.76% return.

VGYAX

• 1D: 0.20%
• 1M: 0.43%
• 6M: 3.63%
• YTD: 5.79%
• 1Y: 11.97%
• 3Y*: 9.67%
• 5Y*: 5.23%
• 10Y*: —
• ALL TIME*: 5.33%

DODFX

• 1D: 2.44%
• 1M: 0.80%
• 6M: 9.00%
• YTD: 14.76%
• 1Y: 30.90%
• 3Y*: 18.40%
• 5Y*: 12.68%
• 10Y*: 10.93%
• ALL TIME*: 8.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DODFX Dodge & Cox International Stock Fund	$0.00	$0.00	$0.00
VGYAX Vanguard Global Wellesley Income Fund Admiral Shares	$0.00	$0.00	$0.00

VGYAX vs. DODFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGYAX Vanguard Global Wellesley Income Fund Admiral Shares	5.79%	13.31%	6.15%	8.95%	-8.06%	6.58%	5.52%	13.92%	-4.31%	0.98%
DODFX Dodge & Cox International Stock Fund	14.76%	38.77%	3.74%	16.70%	-6.78%	10.99%	5.15%	22.79%	-18.01%	0.41%

Correlation

The correlation between VGYAX and DODFX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017	0.77

The correlation between VGYAX and DODFX has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.

Return for Risk

VGYAX vs. DODFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VGYAX

VGYAX Risk / Return Rank: 86
VGYAX Sharpe Ratio Rank: 91
VGYAX Sortino Ratio Rank: 89
VGYAX Omega Ratio Rank: 87
VGYAX Calmar Ratio Rank: 80
VGYAX Martin Ratio Rank: 81

DODFX

DODFX Risk / Return Rank: 82
DODFX Sharpe Ratio Rank: 84
DODFX Sortino Ratio Rank: 80
DODFX Omega Ratio Rank: 81
DODFX Calmar Ratio Rank: 80
DODFX Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VGYAX vs. DODFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Wellesley Income Fund Admiral Shares (VGYAX) and Dodge & Cox International Stock Fund (DODFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VGYAX	DODFX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.02	+0.26
Sortino ratio: Return per unit of downside risk	3.33	2.74	+0.58
Omega ratio: Gain probability vs. loss probability	1.44	1.37	+0.07
Calmar ratio: Return relative to maximum drawdown	2.59	2.59	0.00
Martin ratio: Return relative to average drawdown	9.73	9.83	-0.10

VGYAX vs. DODFX - Sharpe Ratio Comparison

The current VGYAX Sharpe Ratio is 2.28, which is comparable to the DODFX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of VGYAX and DODFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGYAX vs. DODFX - Drawdown Comparison

The maximum VGYAX drawdown since its inception was -17.71%, smaller than the maximum DODFX drawdown of -63.23%. Use the drawdown chart below to compare losses from any high point for VGYAX and DODFX.

Drawdown Indicators

	VGYAX	DODFX	Difference
Max Drawdown Largest peak-to-trough decline	-17.71%	-63.23%	+45.52%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	-11.14%	+6.59%
Max Drawdown (3Y) Largest decline over 3 years	-4.55%	-14.41%	+9.86%
Max Drawdown (5Y) Largest decline over 5 years	-15.89%	-24.52%	+8.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.61%	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-2.61%	-11.59%	+8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	2.93%	-1.72%

Volatility

VGYAX vs. DODFX - Volatility Comparison

The current volatility for Vanguard Global Wellesley Income Fund Admiral Shares (VGYAX) is 1.32%, while Dodge & Cox International Stock Fund (DODFX) has a volatility of 4.04%. This indicates that VGYAX experiences smaller price fluctuations and is considered to be less risky than DODFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGYAX	DODFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	4.04%	-2.72%
Volatility (6M) Calculated over the trailing 6-month period	4.32%	12.45%	-8.13%
Volatility (1Y) Calculated over the trailing 1-year period	5.18%	14.32%	-9.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	16.03%	-9.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.76%	17.84%	-11.08%

VGYAX vs. DODFX - Expense Ratio Comparison

VGYAX has a 0.30% expense ratio, which is lower than DODFX's 0.61% expense ratio.

Dividends

VGYAX vs. DODFX - Dividend Comparison

VGYAX's dividend yield for the trailing twelve months is around 3.92%, less than DODFX's 4.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODFX Dodge & Cox International Stock Fund	4.40%	5.05%	2.25%	2.29%	2.23%	2.49%	4.21%	3.93%	2.93%	1.93%	3.66%	2.30%
VGYAX Vanguard Global Wellesley Income Fund Admiral Shares	3.92%	4.01%	3.90%	3.15%	1.54%	2.40%	1.99%	2.26%	4.36%	0.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VGYAX and DODFX in my portfolio?

VGYAX and DODFX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGYAX or DODFX?

DODFX has higher volatility (4.04%) compared to VGYAX (1.32%). In terms of maximum drawdown, VGYAX dropped -17.71% vs DODFX's -63.23%.

Which has better risk-adjusted returns?

VGYAX currently has the higher Sharpe Ratio (2.28 vs 2.02), 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.