Dodge Cox Correlations

DOXLX Fund

USD 10.88 0.02 0.18%

The current 90-days correlation between Dodge Cox Global and Aam Select Income is 0.92 (i.e., Almost no 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 Cox Global and DJI is 0.03 (i.e., Significant 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

0.87	DODGX	Dodge Stock Fund	Pair Corr
0.65	DODFX	Dodge International Stock	Pair Corr
0.84	DODEX	Dodge Cox Emerging	Pair Corr
0.9	DODBX	Dodge Balanced	Pair Corr
0.77	DODWX	Dodge Global Stock	Pair Corr
1.0	DODLX	Dodge Global Bond	Pair Corr
0.96	DODIX	Dodge Income	Pair Corr
0.96	DOXIX	Dodge Cox Income	Pair Corr
0.73	DOXGX	Dodge Cox Stock	Pair Corr
0.83	DOXFX	Dodge Cox International	Pair Corr
0.76	DOXBX	Dodge Cox Balanced	Pair Corr
0.77	DOXWX	Dodge Cox Global	Pair Corr
0.98	FGBRX	Templeton Global Bond	Pair Corr
0.98	FBNRX	Templeton Global Bond	Pair Corr
0.94	RCWBX	Capital World Bond	Pair Corr
0.97	CCWFX	Capital World Bond	Pair Corr
0.96	CCWCX	Capital World Bond	Pair Corr
0.95	RCWEX	Capital World Bond	Pair Corr
0.96	CCWEX	Capital World Bond	Pair Corr
0.95	RCWCX	Capital World Bond	Pair Corr
0.95	RCWGX	Capital World Bond	Pair Corr
0.97	RCWFX	Capital World Bond	Pair Corr
0.65	CISGX	Touchstone Sands Capital	Pair Corr
0.63	UGPIX	Ultrachina Profund Steady Growth	Pair Corr
0.63	UGPSX	Ultrachina Profund Steady Growth	Pair Corr
0.76	VRSAX	Voya Retirement Solution	Pair Corr
0.65	MICSX	Matthews Asian Growth	Pair Corr
0.66	OANIX	Oakmark International	Pair Corr
0.88	RWDNX	Redwood Managed Vola	Pair Corr
0.96	NWXNX	Nationwide Inflation	Pair Corr
0.81	GSHRX	Goldman Sachs High	Pair Corr
0.8	RGLAX	American Funds Global	Pair Corr
0.85	FSREX	Fidelity Series Real	Pair Corr
0.7	RBNCX	Robinson Opportunistic	Pair Corr
0.91	MRSJX	Mfs Research Interna	Pair Corr

Related Correlations Analysis

	CPUCX	WABMSX	WMCANX	FLKYPX	IAADX	FKHEMX	FXYBJX	FFCDAX
CPUCX		0.63	0.65	-0.07	0.78	0.12	0.47	0.62	CPUCX
WABMSX	0.63		1.0	0.68	0.76	0.85	0.83	0.6	WABMSX
WMCANX	0.65	1.0		0.65	0.76	0.83	0.83	0.6	WMCANX
FLKYPX	-0.07	0.68	0.65		0.36	0.93	0.65	0.32	FLKYPX
IAADX	0.78	0.76	0.76	0.36		0.54	0.63	0.51	IAADX
FKHEMX	0.12	0.85	0.83	0.93	0.54		0.77	0.47	FKHEMX
FXYBJX	0.47	0.83	0.83	0.65	0.63	0.77		0.78	FXYBJX
FFCDAX	0.62	0.6	0.6	0.32	0.51	0.47	0.78		FFCDAX
	CPUCX	WABMSX	WMCANX	FLKYPX	IAADX	FKHEMX	FXYBJX	FFCDAX

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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

WMCANX	+ 1.0	WABMSX
FKHEMX	+ 0.93	FLKYPX
FKHEMX	+ 0.85	WABMSX
FXYBJX	+ 0.83	WABMSX
FKHEMX	+ 0.83	WMCANX
FXYBJX	+ 0.83	WMCANX

High negative correlations

FLKYPX

- 0.07

CPUCX

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
CPUCX	0.25	0.00	0.01	(0.16)	0.26	(0.31)	0.66	(0.55)	1.44
WABMSX	0.50	0.08	0.12	(6.62)	0.49	(0.55)	1.13	(1.21)	2.69
WMCANX	0.49	0.06	0.09	(1.96)	0.53	(0.59)	1.07	(1.15)	2.55
FLKYPX	0.80	0.01	0.01	0.06	1.41	(0.78)	1.80	(2.43)	6.36
IAADX	0.19	0.01	0.07	0.32	0.13	(0.26)	0.44	(0.33)	0.88
FKHEMX	0.64	0.03	0.03	1.76	0.88	(0.72)	1.38	(2.00)	3.83
FXYBJX	0.33	0.01	0.02	0.10	0.45	(0.41)	0.67	(0.66)	1.82
FFCDAX	0.13	0.00	0.01	0.07	0.20	(0.16)	0.21	(0.21)	1.03

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