Dodge Cox Correlations

Mutual Funds . USA . 
Fund . Dodge Income Fund
DODIX Fund  USD 12.72  0.02  0.16%   
The current 90-days correlation between Dodge Income and Dodge International Stock is 0.19 (i.e., Average 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

Average diversification

The correlation between Dodge Income Fund and DJI is 0.11 (i.e., Average 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

  0.89DODFX Dodge International StockPairCorr
  0.84DODEX Dodge Cox EmergingPairCorr
  0.78DODBX Dodge BalancedPairCorr
  0.64DODWX Dodge Global StockPairCorr
  0.98DODLX Dodge Global BondPairCorr
  0.98DOXLX Dodge Cox GlobalPairCorr
  1.0DOXIX Dodge Cox IncomePairCorr
  0.89DOXFX Dodge Cox InternationalPairCorr
  0.8DOXBX Dodge Cox BalancedPairCorr
  0.64DOXWX Dodge Cox GlobalPairCorr
  0.99MWTNX Metropolitan West TotalPairCorr
  0.99MWTSX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.99PTTRX Total ReturnPairCorr
  0.99FIWGX Strategic AdvisersPairCorr
  0.99MWTIX Metropolitan West TotalPairCorr
  0.99MWTRX Metropolitan West TotalPairCorr
  0.86VGTSX Vanguard Total InterPairCorr
  0.87VTIAX Vanguard Total InterPairCorr
  0.91BISMX Brandes InternationalPairCorr
  0.87PYSBX Payden Low DurationPairCorr
  0.89EBSFX Eubel Brady SuttmanPairCorr
  0.99OPIGX Oppenheimer Core BondPairCorr
  0.69ALVGX Large Pany ValuePairCorr
  0.91CIHCX Cullen International HighPairCorr
  0.86DABLX Dreyfus Yield EnhancementPairCorr
  0.87EPDPX Europac InternationalPairCorr

Moving against Dodge Mutual Fund

  0.5VTSAX Vanguard Total StockPairCorr
  0.5VTSMX Vanguard Total StockPairCorr
  0.5VSMPX Vanguard Total StockPairCorr
  0.5VSTSX Vanguard Total StockPairCorr
  0.5VITSX Vanguard Total StockPairCorr
  0.47VFIAX Vanguard 500 IndexPairCorr
  0.47VFINX Vanguard 500 IndexPairCorr
  0.47VFFSX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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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.

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