Dodge Cox Correlations

DOXLX Fund

USD 10.92 0.02 0.18%

The current 90-days correlation between Dodge Cox Global and American Century Diversified is 0.07 (i.e., Significant 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 Cox Global and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Cox Global 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 Global. 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

0.98	FGBRX	Templeton Global Bond	Pair Corr
0.98	FBNRX	Templeton Global Bond	Pair Corr
0.97	RCWBX	Capital World Bond	Pair Corr
0.97	CCWFX	Capital World Bond	Pair Corr
0.97	CCWCX	Capital World Bond	Pair Corr
0.97	RCWEX	Capital World Bond	Pair Corr
0.97	CCWEX	Capital World Bond	Pair Corr
0.97	RCWCX	Capital World Bond	Pair Corr
0.97	RCWGX	Capital World Bond	Pair Corr
0.97	RCWFX	Capital World Bond	Pair Corr
0.94	PDI	Pimco Dynamic Income	Pair Corr
0.67	UIPIX	Ultrashort Mid Cap	Pair Corr
0.94	FTCAX	Templeton Strained Bond	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr
0.77	T	ATT Inc Earnings Call This Week	Pair Corr
0.82	VZ	Verizon Communications	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.73	GE	GE Aerospace	Pair Corr
0.63	IBM	International Business	Pair Corr
0.75	KO	Coca Cola	Pair Corr
0.72	PG	Procter Gamble	Pair Corr

Moving against Dodge Mutual Fund

0.54	AXP	American Express	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.49	BAC	Bank of America	Pair Corr
0.4	HD	Home Depot	Pair Corr
0.39	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	ACDOX	JDJRX	LIGFX	DLTZX	XWDIX	CDBCX	BDVFX	FZABX
ACDOX		0.25	0.52	0.96	0.67	0.99	0.95	0.82	ACDOX
JDJRX	0.25		0.76	0.28	0.21	0.2	0.16	0.46	JDJRX
LIGFX	0.52	0.76		0.46	0.5	0.49	0.48	0.76	LIGFX
DLTZX	0.96	0.28	0.46		0.5	0.94	0.87	0.83	DLTZX
XWDIX	0.67	0.21	0.5	0.5		0.7	0.76	0.51	XWDIX
CDBCX	0.99	0.2	0.49	0.94	0.7		0.95	0.79	CDBCX
BDVFX	0.95	0.16	0.48	0.87	0.76	0.95		0.75	BDVFX
FZABX	0.82	0.46	0.76	0.83	0.51	0.79	0.75		FZABX
	ACDOX	JDJRX	LIGFX	DLTZX	XWDIX	CDBCX	BDVFX	FZABX

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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
ACDOX	0.24	0.02	0.27	0.35	0.21	(0.30)	0.55	(0.43)	1.46
JDJRX	0.33	0.00	0.14	(0.02)	0.39	(0.41)	0.66	(0.75)	2.62
LIGFX	0.32	0.01	0.00	(0.03)	0.00	0.00	0.55	(0.67)	1.75
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
XWDIX	0.20	(0.02)	0.00	(0.34)	0.00	0.00	0.33	(0.46)	1.59
CDBCX	0.23	0.01	0.24	0.27	0.22	(0.30)	0.56	(0.44)	1.34
BDVFX	0.26	(0.01)	0.00	(0.15)	0.00	0.00	0.54	(0.54)	1.41
FZABX	0.74	0.11	0.12	0.10	1.01	(0.73)	1.45	(1.37)	6.16

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