Dodge Cox Correlations

Mutual Funds . USA . 
Fund . Dodge Global Bond
DODLX Fund  USD 10.92  0.02  0.18%   
The current 90-days correlation between Dodge Global Bond and Dodge Global Stock is 0.5 (i.e., Very weak 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

Modest diversification

The correlation between Dodge Global Bond and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Global Bond 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 Global Bond. 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 economic analysis.

Moving together with Dodge Mutual Fund

  0.96DODFX Dodge International StockPairCorr
  0.91DODEX Dodge Cox EmergingPairCorr
  0.83DODBX Dodge BalancedPairCorr
  0.68DODWX Dodge Global StockPairCorr
  0.98DODIX Dodge IncomePairCorr
  1.0DOXLX Dodge Cox GlobalPairCorr
  0.98DOXIX Dodge Cox IncomePairCorr
  0.96DOXFX Dodge Cox InternationalPairCorr
  0.86DOXBX Dodge Cox BalancedPairCorr
  0.68DOXWX Dodge Cox GlobalPairCorr
  0.98FGBRX Templeton Global BondPairCorr
  0.98FBNRX Templeton Global BondPairCorr
  0.97RCWBX Capital World BondPairCorr
  0.97CCWFX Capital World BondPairCorr
  0.97CCWCX Capital World BondPairCorr
  0.97RCWEX Capital World BondPairCorr
  0.97CCWEX Capital World BondPairCorr
  0.97RCWCX Capital World BondPairCorr
  0.97RCWGX Capital World BondPairCorr
  0.97RCWFX Capital World BondPairCorr
  0.79GAAKX Gmo Alternative AlloPairCorr
  0.79GAAGX Gmo Alternative AlloPairCorr
  0.99GPBFX Gmo E PlusPairCorr
  0.88WARCX Wells Fargo AdvantagePairCorr
  0.93MRCZX Massmutual RetiresmartPairCorr
  0.96AMAPX Amana ParticipationPairCorr
  0.91FMUUX Federated MunicipalPairCorr
  0.93EPDPX Europac InternationalPairCorr
  0.96BISMX Brandes InternationalPairCorr
  0.67RXRPX American Funds RetirementPairCorr
  0.82DLDFX Destinations Low DurationPairCorr

Moving against Dodge Mutual Fund

  0.94PQTAX Pimco Trends ManagedPairCorr
  0.93PQTNX Pimco Trends ManagedPairCorr
  0.93PQTIX Aa Pimco TrPairCorr
  0.84GPMFX Guidepath Managed FuturesPairCorr

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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