Dodge Cox Correlations

DOXBX Fund

USD 110.11 0.37 0.34%

The current 90-days correlation between Dodge Cox Balanced and Dodge Stock Fund is 0.94 (i.e., Almost no 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

Very poor diversification

The correlation between Dodge Cox Balanced and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Cox Balanced 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 Cox Balanced. 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 bureau of labor statistics.

Moving together with Dodge Mutual Fund

0.93	DODGX	Dodge Stock Fund	Pair Corr
1.0	DODBX	Dodge Balanced	Pair Corr
0.61	DODWX	Dodge Global Stock	Pair Corr
0.93	DOXGX	Dodge Cox Stock	Pair Corr
0.61	DOXWX	Dodge Cox Global	Pair Corr
0.93	FBONX	American Funds American	Pair Corr
0.93	FBAFX	American Funds American	Pair Corr
0.93	ABALX	American Balanced	Pair Corr
0.93	BALCX	American Balanced	Pair Corr
0.93	BALFX	American Balanced	Pair Corr
0.93	RLBCX	American Balanced	Pair Corr
0.93	RLBBX	American Balanced	Pair Corr
0.93	CLBAX	American Balanced	Pair Corr
0.93	CLBEX	American Balanced	Pair Corr
0.93	RLBFX	American Balanced	Pair Corr
0.73	WRHIX	Ivy High Income	Pair Corr
0.73	WHIAX	Ivy High Income	Pair Corr
0.75	IHIFX	Ivy High Income	Pair Corr
0.77	IVHIX	Ivy High Income	Pair Corr
0.91	SCRYX	Small Cap Core	Pair Corr
0.92	LLPFX	Longleaf Partners	Pair Corr
0.92	LTFOX	Lord Abbett Affiliated	Pair Corr
0.77	RIV	Rivernorth Opportunities	Pair Corr
0.94	FBALX	Fidelity Balanced	Pair Corr
0.83	GAB	Gabelli Equity Trust	Pair Corr
0.85	RQECX	Resq Dynamic Allocation	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.88	FEMDX	Franklin Emerging Market	Pair Corr

Moving against Dodge Mutual Fund

0.52	DOXIX	Dodge Cox Income	Pair Corr
0.51	DODIX	Dodge Income	Pair Corr
0.47	DODLX	Dodge Global Bond	Pair Corr
0.47	DOXLX	Dodge Cox Global	Pair Corr
0.39	CIOCX	Columbia Porate Income	Pair Corr
0.34	LIIAX	Columbia Porate Income	Pair Corr
0.33	SRINX	Columbia Porate Income	Pair Corr
0.33	CIFRX	Columbia Porate Income	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.6	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.55	KO	Coca Cola Aggressive Push	Pair Corr
0.35	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DODGX	DODFX	DODEX	DODWX	DODLX	DODIX	DOXLX	DOXIX	DOXGX
DODGX		0.0	0.35	0.37	-0.73	-0.76	-0.73	-0.76	1.0	DODGX
DODFX	0.0		0.87	0.91	0.38	0.27	0.39	0.26	0.0	DODFX
DODEX	0.35	0.87		0.88	-0.02	-0.13	-0.01	-0.14	0.35	DODEX
DODWX	0.37	0.91	0.88		0.13	0.01	0.13	0.0	0.37	DODWX
DODLX	-0.73	0.38	-0.02	0.13		0.98	1.0	0.98	-0.73	DODLX
DODIX	-0.76	0.27	-0.13	0.01	0.98		0.98	1.0	-0.76	DODIX
DOXLX	-0.73	0.39	-0.01	0.13	1.0	0.98		0.98	-0.73	DOXLX
DOXIX	-0.76	0.26	-0.14	0.0	0.98	1.0	0.98		-0.76	DOXIX
DOXGX	1.0	0.0	0.35	0.37	-0.73	-0.76	-0.73	-0.76		DOXGX
	DODGX	DODFX	DODEX	DODWX	DODLX	DODIX	DOXLX	DOXIX	DOXGX

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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

DOXGX	+ 1.0	DODGX
DOXLX	+ 1.0	DODLX
DOXIX	+ 1.0	DODIX
DODIX	+ 0.98	DODLX
DOXIX	+ 0.98	DODLX
DOXLX	+ 0.98	DODIX

High negative correlations

DOXGX	- 0.76	DOXIX
DOXGX	- 0.76	DODIX
DOXIX	- 0.76	DODGX
DODIX	- 0.76	DODGX
DOXGX	- 0.73	DOXLX
DOXGX	- 0.73	DODLX

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
DODGX	0.53	(0.01)	(0.04)	0.11	0.44	(0.61)	1.17	(0.94)	4.22
DODFX	0.63	(0.08)	0.00	(0.03)	0.00	0.00	1.49	(1.56)	4.42
DODEX	0.67	(0.03)	(0.10)	0.06	0.88	(0.73)	1.44	(1.90)	5.43
DODWX	0.53	(0.08)	(0.16)	0.01	0.66	(0.57)	1.08	(1.09)	3.17
DODLX	0.22	(0.04)	0.00	1.25	0.00	0.00	0.36	(0.54)	1.47
DODIX	0.23	(0.03)	0.00	0.62	0.00	0.00	0.47	(0.63)	1.43
DOXLX	0.22	(0.04)	0.00	1.35	0.00	0.00	0.36	(0.54)	1.47
DOXIX	0.22	(0.03)	0.00	0.55	0.00	0.00	0.47	(0.55)	1.35
DOXGX	0.53	(0.01)	(0.04)	0.11	0.44	(0.62)	1.17	(0.93)	4.22

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