Dodge Cox Correlations

DODIX Fund

USD 12.57 0.01 0.08%

The current 90-days correlation between Dodge Income and Dodge International Stock is 0.2 (i.e., Modest diversification). The correlation of Dodge Cox is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Dodge Cox Correlation With Market

Good diversification

The correlation between Dodge Income Fund and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Income Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dodge Income Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Dodge Mutual Fund

0.98	DODLX	Dodge Global Bond	Pair Corr
0.98	DOXLX	Dodge Cox Global	Pair Corr
1.0	DOXIX	Dodge Cox Income	Pair Corr
1.0	MWTNX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
1.0	PTRRX	Total Return	Pair Corr
1.0	PTRAX	Total Return	Pair Corr
1.0	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
1.0	MWTIX	Metropolitan West Total	Pair Corr
1.0	MWTRX	Metropolitan West Total	Pair Corr

Moving against Dodge Mutual Fund

0.76	DODGX	Dodge Stock Fund	Pair Corr
0.76	DOXGX	Dodge Cox Stock	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.72	VTSMX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.51	DODBX	Dodge Balanced	Pair Corr
0.51	DOXBX	Dodge Cox Balanced	Pair Corr
0.87	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.83	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.81	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.77	LTFOX	Lord Abbett Affiliated	Pair Corr
0.76	RQECX	Resq Dynamic Allocation	Pair Corr
0.69	LLPFX	Longleaf Partners	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.67	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	DODFX	DODBX	DODGX	HABDX	LSBRX
DODFX		0.29	0.0	0.24	0.59	DODFX
DODBX	0.29		0.93	-0.49	0.44	DODBX
DODGX	0.0	0.93		-0.75	0.12	DODGX
HABDX	0.24	-0.49	-0.75		0.42	HABDX
LSBRX	0.59	0.44	0.12	0.42		LSBRX
	DODFX	DODBX	DODGX	HABDX	LSBRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DODGX	+ 0.93	DODBX
LSBRX	+ 0.59	DODFX
LSBRX	+ 0.44	DODBX
LSBRX	+ 0.42	HABDX
DODBX	+ 0.29	DODFX
HABDX	+ 0.24	DODFX

High negative correlations

HABDX	- 0.75	DODGX
HABDX	- 0.49	DODBX
DODGX	- 0.0	DODFX

Risk-Adjusted Indicators

There is a big difference between Dodge Mutual Fund performing well and Dodge Cox Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dodge Cox's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DODFX	0.63	(0.08)	0.00	(0.03)	0.00	0.00	1.49	(1.56)	4.42
DODBX	0.30	(0.01)	(0.19)	0.09	0.28	(0.31)	0.55	(0.65)	2.20
DODGX	0.53	(0.01)	(0.04)	0.11	0.44	(0.61)	1.17	(0.94)	4.22
HABDX	0.22	(0.02)	0.00	0.40	0.00	0.00	0.49	(0.58)	1.28
LSBRX	0.16	0.01	(0.50)	0.79	0.05	(0.22)	0.43	(0.25)	1.02

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