Dodge Cox Correlations

Mutual Funds . USA . 
Fund . Dodge Balanced Fund
DODBX Fund  USD 107.50  0.04  0.04%   
The current 90-days correlation between Dodge Balanced and Dodge Stock Fund is 0.97 (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

Very poor diversification

The correlation between Dodge Balanced Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Balanced Fund 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 Balanced Fund. 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 labor statistics.

Moving together with Dodge Mutual Fund

  1.0DODGX Dodge Stock FundPairCorr
  0.98DODFX Dodge International StockPairCorr
  0.7DODEX Dodge Cox EmergingPairCorr
  0.99DODWX Dodge Global StockPairCorr
  0.88DODLX Dodge Global BondPairCorr
  0.75DODIX Dodge IncomePairCorr
  0.89DOXLX Dodge Cox GlobalPairCorr
  1.0DOXGX Dodge Cox StockPairCorr
  0.75DOXFX Dodge Cox InternationalPairCorr
  1.0DOXBX Dodge Cox BalancedPairCorr
  0.77DOXWX Dodge Cox GlobalPairCorr
  0.99FBONX American Funds AmericanPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.99ABALX American BalancedPairCorr
  0.99BALCX American BalancedPairCorr
  0.99BALFX American BalancedPairCorr
  0.99RLBCX American BalancedPairCorr
  0.99RLBBX American BalancedPairCorr
  0.99CLBAX American BalancedPairCorr
  0.99CLBEX American BalancedPairCorr
  0.99RLBFX American BalancedPairCorr
  0.96PDI Pimco Dynamic IncomePairCorr
  0.94FTCAX Templeton Strained BondPairCorr
  0.72BRWBX Mfs Blended ResearchPairCorr
  0.98RYCTX Sp 500 2xPairCorr
  0.99CBLSX Cb Large CapPairCorr
  0.98TWAIX Thrivent Partner WorPairCorr
  0.99GQLOX Gmo Quality FundPairCorr
  0.84FARIX Fulcrum DiversifiedPairCorr
  0.99LIRAX Blackrock Lfpth IdxPairCorr
  0.99PAXWX Pax BalancedPairCorr
  0.97BCSVX Brown CapitalPairCorr

Moving against Dodge Mutual Fund

  0.97USPSX Profunds UltrashortPairCorr
  0.97USPIX Profunds UltrashortPairCorr
  0.96UIPIX Ultrashort Mid CapPairCorr
  0.81TCTGX Transamerica CleartrackPairCorr
  0.81TDKTX Cleartrack 2015 ClassPairCorr
  0.81TCTJX Transamerica CleartrackPairCorr
  0.78TCSUX Cleartrack 2020 ClassPairCorr

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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