VOT vs. DODLX

Last updated Jun 9, 2026

VOT (Vanguard Mid-Cap Growth ETF) and DODLX (Dodge & Cox Global Bond Fund) are both funds - VOT is a Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index, while DODLX is a Global Bonds fund managed by Dodge & Cox. Over the past 10 years, VOT returned 11.95%/yr vs 4.77%/yr for DODLX. At a 0.34 correlation, their price movements are largely independent. VOT charges 0.05%/yr vs 0.45%/yr for DODLX.

Performance

VOT vs. DODLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Growth ETF (VOT) and Dodge & Cox Global Bond Fund (DODLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOT achieves a 5.49% return, which is significantly higher than DODLX's 0.42% return. Over the past 10 years, VOT has outperformed DODLX with an annualized return of 11.95%, while DODLX has yielded a comparatively lower 4.77% annualized return.

VOT

• 1D: 0.12%
• 1M: 1.80%
• YTD: 5.49%
• 6M: 3.73%
• 1Y: 7.75%
• 3Y*: 15.09%
• 5Y*: 6.19%
• 10Y*: 11.95%

DODLX

• 1D: -0.62%
• 1M: -0.97%
• YTD: 0.42%
• 6M: 0.85%
• 1Y: 6.42%
• 3Y*: 6.57%
• 5Y*: 2.89%
• 10Y*: 4.77%

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

VOT vs. DODLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOT Vanguard Mid-Cap Growth ETF	5.49%	10.72%	16.38%	23.10%	-28.87%	20.50%	34.50%	33.76%	-5.56%	21.80%
DODLX Dodge & Cox Global Bond Fund	0.42%	11.51%	0.55%	12.30%	-8.21%	-0.85%	11.87%	12.23%	-1.45%	8.31%

Correlation

The correlation between VOT and DODLX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 2, 2014	0.34

Return for Risk

VOT vs. DODLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOT

VOT Risk / Return Rank: 17
VOT Sharpe Ratio Rank: 17
VOT Sortino Ratio Rank: 17
VOT Omega Ratio Rank: 16
VOT Calmar Ratio Rank: 15
VOT Martin Ratio Rank: 16

DODLX

DODLX Risk / Return Rank: 24
DODLX Sharpe Ratio Rank: 26
DODLX Sortino Ratio Rank: 26
DODLX Omega Ratio Rank: 26
DODLX Calmar Ratio Rank: 23
DODLX Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOT vs. DODLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) 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.

	VOT	DODLX	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.38	-0.90
Sortino ratio: Return per unit of downside risk	0.77	2.00	-1.23
Omega ratio: Gain probability vs. loss probability	1.09	1.26	-0.16
Calmar ratio: Return relative to maximum drawdown	0.49	1.63	-1.14
Martin ratio: Return relative to average drawdown	1.46	5.13	-3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOT vs. DODLX - Sharpe Ratio Comparison

The current VOT Sharpe Ratio is 0.48, which is lower than the DODLX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of VOT and DODLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VOT	DODLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	1.38	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.55	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.99	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.78	-0.33

Drawdowns

VOT vs. DODLX - Drawdown Comparison

The maximum VOT drawdown since its inception was -60.16%, which is greater than DODLX's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for VOT and DODLX.

Drawdown Indicators

	VOT	DODLX	Difference
Max Drawdown Largest peak-to-trough decline	-60.16%	-16.30%	-43.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-3.67%	-12.29%
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	-6.21%	-15.56%
Max Drawdown (5Y) Largest decline over 5 years	-37.19%	-16.30%	-20.89%
Max Drawdown (10Y) Largest decline over 10 years	-37.19%	-16.30%	-20.89%
Current Drawdown Current decline from peak	-3.48%	-2.27%	-1.21%
Average Drawdown Average peak-to-trough decline	-9.96%	-3.04%	-6.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	1.16%	+4.17%

Volatility

VOT vs. DODLX - Volatility Comparison

Vanguard Mid-Cap Growth ETF (VOT) has a higher volatility of 5.45% compared to Dodge & Cox Global Bond Fund (DODLX) at 1.71%. This indicates that VOT's price experiences larger fluctuations and is considered to be riskier than DODLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOT	DODLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	1.71%	+3.74%
Volatility (6M) Calculated over the trailing 6-month period	12.85%	3.42%	+9.43%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	4.33%	+11.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	5.25%	+16.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	4.81%	+16.21%

VOT vs. DODLX - Expense Ratio Comparison

VOT has a 0.05% expense ratio, which is lower than DODLX's 0.45% expense ratio.

Dividends

VOT vs. DODLX - Dividend Comparison

VOT's dividend yield for the trailing twelve months is around 0.63%, less than DODLX's 4.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODLX Dodge & Cox Global Bond Fund	4.07%	4.07%	4.73%	3.31%	5.05%	3.86%	2.66%	3.40%	5.19%	2.45%	1.69%	0.00%
VOT Vanguard Mid-Cap Growth ETF	0.63%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%

Frequently Asked Questions

Can I hold both VOT and DODLX in my portfolio?

VOT and DODLX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOT or DODLX?

VOT has higher volatility (5.45%) compared to DODLX (1.71%). In terms of maximum drawdown, VOT dropped -60.16% vs DODLX's -16.30%.

Which has better risk-adjusted returns?

DODLX currently has the higher Sharpe Ratio (1.38 vs 0.48), 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.