VLTCX vs. DODIX
Compare and contrast key facts about Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) and Dodge & Cox Income Fund (DODIX).
VLTCX is managed by Vanguard. It was launched on Jan 19, 2010. DODIX is managed by Dodge & Cox.
Performance
VLTCX vs. DODIX - Performance Comparison
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VLTCX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | -1.46% | 7.27% | -1.47% | 11.05% | -25.77% | -1.16% | 13.68% | 23.19% | -6.85% | 12.40% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, VLTCX achieves a -1.46% return, which is significantly lower than DODIX's -0.19% return. Over the past 10 years, VLTCX has underperformed DODIX with an annualized return of 2.52%, while DODIX has yielded a comparatively higher 3.02% annualized return.
VLTCX
- 1D
- 1.01%
- 1M
- -3.70%
- YTD
- -1.46%
- 6M
- -1.93%
- 1Y
- 3.19%
- 3Y*
- 3.01%
- 5Y*
- -1.45%
- 10Y*
- 2.52%
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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VLTCX vs. DODIX - Expense Ratio Comparison
VLTCX has a 0.07% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
VLTCX vs. DODIX — Risk / Return Rank
VLTCX
DODIX
VLTCX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) 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.
| VLTCX | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 1.15 | -0.74 |
Sortino ratioReturn per unit of downside risk | 0.61 | 1.65 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.21 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.02 | -1.17 |
Martin ratioReturn relative to average drawdown | 1.99 | 6.03 | -4.05 |
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
| VLTCX | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.15 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.25 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.69 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.47 | -1.04 |
Correlation
The correlation between VLTCX and DODIX is 0.86, 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
VLTCX vs. DODIX - Dividend Comparison
VLTCX's dividend yield for the trailing twelve months is around 5.16%, more than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 5.16% | 5.48% | 5.58% | 4.65% | 4.41% | 3.03% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% |
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
VLTCX vs. DODIX - Drawdown Comparison
The maximum VLTCX drawdown since its inception was -34.56%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for VLTCX and DODIX.
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Drawdown Indicators
| VLTCX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -16.89% | -17.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -2.94% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -16.89% | -17.67% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -16.89% | -17.67% |
Current DrawdownCurrent decline from peak | -16.08% | -2.32% | -13.76% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -1.50% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 0.98% | +1.28% |
Volatility
VLTCX vs. DODIX - Volatility Comparison
Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) has a higher volatility of 3.47% compared to Dodge & Cox Income Fund (DODIX) at 1.85%. This indicates that VLTCX'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
| VLTCX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 1.85% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 2.80% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 4.61% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.87% | 5.52% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 4.42% | +6.17% |