Dodge Cox Correlations

DOXFX Fund

USD 56.32 0.25 0.45%

The current 90-days correlation between Dodge Cox International and Transamerica Mlp Energy is 0.27 (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

Poor diversification

The correlation between Dodge Cox International and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Cox International 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 International. 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 census.

Moving together with Dodge Mutual Fund

0.92	DODFX	Dodge International Stock	Pair Corr
0.97	DODEX	Dodge Cox Emerging	Pair Corr
0.84	DODBX	Dodge Balanced	Pair Corr
0.64	DODWX	Dodge Global Stock	Pair Corr
0.96	DODLX	Dodge Global Bond	Pair Corr
0.72	DODIX	Dodge Income	Pair Corr
0.96	DOXLX	Dodge Cox Global	Pair Corr
0.91	DOXIX	Dodge Cox Income	Pair Corr
0.64	DOXWX	Dodge Cox Global	Pair Corr
0.98	OANIX	Oakmark International	Pair Corr
0.92	OAKIX	Oakmark International	Pair Corr
0.98	OAYIX	Oakmark International	Pair Corr
0.98	OAZIX	Oakmark International	Pair Corr
0.98	FINVX	Fidelity Series Inte	Pair Corr
0.98	VTRIX	Vanguard International	Pair Corr
0.7	RRIGX	T Rowe Price	Pair Corr
0.71	VGTSX	Vanguard Total Inter	Pair Corr
0.72	VTIAX	Vanguard Total Inter	Pair Corr
0.69	EMBAX	Unconstrained Emerging	Pair Corr
0.64	ABNOX	Ab Bond Inflation	Pair Corr
0.62	VSGDX	Vanguard Short Term	Pair Corr
0.86	PSDNX	Putnam Ultra Short	Pair Corr
0.8	SAEMX	Sa Emerging Markets	Pair Corr
0.83	EBSFX	Eubel Brady Suttman	Pair Corr

Moving against Dodge Mutual Fund

0.37	VITSX	Vanguard Total Stock	Pair Corr
0.36	VTSAX	Vanguard Total Stock	Pair Corr
0.36	VTSMX	Vanguard Total Stock	Pair Corr
0.36	VSMPX	Vanguard Total Stock	Pair Corr
0.36	VSTSX	Vanguard Total Stock	Pair Corr
0.34	VFIAX	Vanguard 500 Index	Pair Corr
0.34	VFINX	Vanguard 500 Index	Pair Corr
0.34	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	TMCLX	ALEFX	TREIX	GRHAX	XGNTX	XEMOX	TMLAX
TMCLX		0.89	0.36	0.78	0.55	0.87	0.9	TMCLX
ALEFX	0.89		0.46	0.7	0.66	0.97	0.98	ALEFX
TREIX	0.36	0.46		-0.01	0.88	0.54	0.39	TREIX
GRHAX	0.78	0.7	-0.01		0.29	0.63	0.7	GRHAX
XGNTX	0.55	0.66	0.88	0.29		0.75	0.62	XGNTX
XEMOX	0.87	0.97	0.54	0.63	0.75		0.98	XEMOX
TMLAX	0.9	0.98	0.39	0.7	0.62	0.98		TMLAX
	TMCLX	ALEFX	TREIX	GRHAX	XGNTX	XEMOX	TMLAX

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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

TMLAX	+ 0.98	ALEFX
TMLAX	+ 0.98	XEMOX
XEMOX	+ 0.97	ALEFX
TMLAX	+ 0.9	TMCLX
ALEFX	+ 0.89	TMCLX
XGNTX	+ 0.88	TREIX

High negative correlations

GRHAX

- 0.01

TREIX

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
TMCLX	1.04	0.10	0.07	0.15	1.29	(1.12)	1.88	(2.24)	6.34
ALEFX	1.00	0.12	0.08	(0.68)	1.29	(1.04)	1.96	(2.27)	6.21
TREIX	0.08	0.02	0.07	(13.24)	0.00	(0.13)	0.20	(0.10)	0.69
GRHAX	1.15	0.06	0.03	0.11	1.87	(1.07)	2.46	(3.31)	8.53
XGNTX	0.54	0.09	0.11	(2.07)	0.70	(0.60)	1.26	(1.00)	3.07
XEMOX	1.14	0.12	0.08	(0.52)	1.44	(1.21)	2.29	(2.24)	6.66
TMLAX	1.04	0.10	0.07	(0.50)	1.31	(1.11)	1.88	(2.24)	6.23

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