Dodge Cox Correlations

DODIX Fund

USD 12.72 0.04 0.32%

The current 90-days correlation between Dodge Income and Dodge International Stock is 0.28 (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

Significant diversification

The correlation between Dodge Income Fund and DJI is 0.01 (i.e., Significant 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

0.85	DODGX	Dodge Stock Fund	Pair Corr
0.69	DODEX	Dodge Cox Emerging	Pair Corr
0.9	DODBX	Dodge Balanced	Pair Corr
0.84	DODWX	Dodge Global Stock	Pair Corr
0.96	DODLX	Dodge Global Bond	Pair Corr
0.96	DOXLX	Dodge Cox Global	Pair Corr
1.0	DOXIX	Dodge Cox Income	Pair Corr
0.61	DOXGX	Dodge Cox Stock	Pair Corr
0.66	DOXFX	Dodge Cox International	Pair Corr
0.84	DOXWX	Dodge Cox Global	Pair Corr
0.98	MWTNX	Metropolitan West Total	Pair Corr
0.98	MWTSX	Metropolitan West Total	Pair Corr
0.96	PTTPX	Pimco Total Return	Pair Corr
0.9	PTRRX	Total Return	Pair Corr
0.97	PTRAX	Total Return	Pair Corr
0.96	PTTRX	Total Return	Pair Corr
0.91	FIWGX	Strategic Advisers	Pair Corr
0.91	MWTIX	Metropolitan West Total	Pair Corr
0.92	MWTRX	Metropolitan West Total	Pair Corr
0.78	LEADX	Domini International	Pair Corr
0.62	PYCIX	Payden Emerging Markets	Pair Corr

Related Correlations Analysis

	DODFX	DODBX	DODGX	HABDX	LSBRX
DODFX		0.64	0.67	0.57	0.63	DODFX
DODBX	0.64		0.99	0.86	0.77	DODBX
DODGX	0.67	0.99		0.83	0.78	DODGX
HABDX	0.57	0.86	0.83		0.91	HABDX
LSBRX	0.63	0.77	0.78	0.91		LSBRX
	DODFX	DODBX	DODGX	HABDX	LSBRX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DODFX	0.56	0.07	0.10	(0.79)	0.65	(0.61)	1.16	(1.00)	3.37
DODBX	0.42	(0.06)	0.00	0.60	0.00	0.00	0.76	(0.69)	5.81
DODGX	0.59	(0.09)	0.00	0.75	0.00	0.00	1.27	(1.31)	6.89
HABDX	0.23	0.00	0.03	0.62	0.23	(0.29)	0.50	(0.50)	1.41
LSBRX	0.16	0.01	0.08	0.10	0.10	(0.22)	0.34	(0.34)	1.12

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Dodge Cox Correlations

Dodge Cox Correlation With Market

Significant diversification

Moving together with Dodge Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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