Dodge Cox Correlations

DOXWX Fund

USD 14.78 0.08 0.54%

The current 90-days correlation between Dodge Cox Global and Dodge Stock Fund is 0.89 (i.e., Very poor 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 0.09 (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 housing.

Moving together with Dodge Mutual Fund

0.98	TEDRX	Franklin Mutual Global	Pair Corr
0.98	FMDRX	Franklin Mutual Global	Pair Corr
1.0	DODWX	Dodge Global Stock	Pair Corr
0.91	TRZRX	T Rowe Price	Pair Corr
0.95	TEDIX	Franklin Mutual Global	Pair Corr
0.98	MDISX	Franklin Mutual Global	Pair Corr
0.98	TEDSX	Franklin Mutual Global	Pair Corr
0.9	PRAFX	T Rowe Price	Pair Corr
0.98	BEGRX	Franklin Mutual Beacon	Pair Corr
0.65	ERH	Allspring Utilities And	Pair Corr
0.85	CSJZX	Cohen Steers Realty	Pair Corr
0.85	CSRSX	Cohen Steers Realty	Pair Corr
0.62	TIMUX	Transamerica Intermediate	Pair Corr
0.65	HTD	John Hancock Tax	Pair Corr
0.61	PGLSX	Global Multi Strategy	Pair Corr
0.81	DBIWX	Dws Global Macro	Pair Corr
0.68	KO	Coca Cola	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.92	GE	GE Aerospace	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.69	IBM	International Business	Pair Corr
0.68	VZ	Verizon Communications	Pair Corr

Moving against Dodge Mutual Fund

0.33	WRHIX	Ivy High Income	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.39	MSFT	Microsoft	Pair Corr
0.31	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	DODGX	DODFX	DODEX	DODBX	DODLX	DODIX	DOXLX	DOXIX	DOXFX
DODGX		0.53	0.53	0.83	0.47	0.4	0.47	0.4	0.53	DODGX
DODFX	0.53		0.96	0.9	0.96	0.91	0.96	0.91	1.0	DODFX
DODEX	0.53	0.96		0.86	0.91	0.84	0.91	0.85	0.96	DODEX
DODBX	0.83	0.9	0.86		0.87	0.82	0.88	0.82	0.9	DODBX
DODLX	0.47	0.96	0.91	0.87		0.98	1.0	0.98	0.96	DODLX
DODIX	0.4	0.91	0.84	0.82	0.98		0.98	1.0	0.91	DODIX
DOXLX	0.47	0.96	0.91	0.88	1.0	0.98		0.98	0.96	DOXLX
DOXIX	0.4	0.91	0.85	0.82	0.98	1.0	0.98		0.91	DOXIX
DOXFX	0.53	1.0	0.96	0.9	0.96	0.91	0.96	0.91		DOXFX
	DODGX	DODFX	DODEX	DODBX	DODLX	DODIX	DOXLX	DOXIX	DOXFX

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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
DODGX	0.58	0.05	0.13	1.16	0.75	(0.59)	1.27	(1.31)	3.36
DODFX	0.65	0.19	0.27	1.66	0.57	(0.69)	1.30	(1.02)	4.77
DODEX	0.66	0.11	0.19	1.55	0.73	(0.76)	1.47	(1.52)	4.68
DODBX	0.37	0.07	0.29	1.89	0.32	(0.42)	0.83	(0.69)	2.08
DODLX	0.22	0.06	0.46	0.81	0.00	(0.28)	0.56	(0.29)	1.52
DODIX	0.25	0.04	0.39	0.53	0.09	(0.32)	0.63	(0.39)	1.46
DOXLX	0.22	0.06	0.46	0.76	0.00	(0.30)	0.56	(0.28)	1.52
DOXIX	0.24	0.05	0.39	0.55	0.08	(0.31)	0.64	(0.40)	1.46
DOXFX	0.65	0.19	0.27	1.65	0.57	(0.67)	1.30	(1.04)	4.76

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