VTBNX vs. DODIX
Compare and contrast key facts about Vanguard Total Bond Market II Index Fund (VTBNX) and Dodge & Cox Income Fund (DODIX).
VTBNX is managed by Vanguard. DODIX is managed by Dodge & Cox.
Performance
VTBNX vs. DODIX - Performance Comparison
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VTBNX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTBNX Vanguard Total Bond Market II Index Fund | -0.60% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | -0.27% | 3.62% |
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, VTBNX achieves a -0.60% return, which is significantly lower than DODIX's -0.19% return. Over the past 10 years, VTBNX has underperformed DODIX with an annualized return of 1.56%, while DODIX has yielded a comparatively higher 3.02% annualized return.
VTBNX
- 1D
- 0.42%
- 1M
- -2.26%
- YTD
- -0.60%
- 6M
- 0.40%
- 1Y
- 3.62%
- 3Y*
- 3.40%
- 5Y*
- 0.22%
- 10Y*
- 1.56%
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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VTBNX vs. DODIX - Expense Ratio Comparison
VTBNX has a 0.02% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
VTBNX vs. DODIX — Risk / Return Rank
VTBNX
DODIX
VTBNX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market II Index Fund (VTBNX) 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.
| VTBNX | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.15 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.65 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.02 | -0.25 |
Martin ratioReturn relative to average drawdown | 5.02 | 6.03 | -1.01 |
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
| VTBNX | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.15 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.25 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.69 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.47 | -1.11 |
Correlation
The correlation between VTBNX and DODIX is 0.89, 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
VTBNX vs. DODIX - Dividend Comparison
VTBNX's dividend yield for the trailing twelve months is around 3.68%, less than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTBNX Vanguard Total Bond Market II Index Fund | 3.68% | 3.95% | 3.77% | 3.13% | 2.54% | 1.82% | 3.12% | 2.79% | 2.56% | 2.52% | 2.55% | 0.00% |
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
VTBNX vs. DODIX - Drawdown Comparison
The maximum VTBNX drawdown since its inception was -18.71%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for VTBNX and DODIX.
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Drawdown Indicators
| VTBNX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -16.89% | -1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.94% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -16.89% | -1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -18.71% | -16.89% | -1.82% |
Current DrawdownCurrent decline from peak | -3.11% | -2.32% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -1.50% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.98% | -0.04% |
Volatility
VTBNX vs. DODIX - Volatility Comparison
The current volatility for Vanguard Total Bond Market II Index Fund (VTBNX) is 1.52%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.85%. This indicates that VTBNX experiences smaller price fluctuations and is considered to be less risky 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
| VTBNX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.85% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.80% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 4.61% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 5.52% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 4.42% | +0.49% |