DODGX vs VTV
Dodge & Cox Stock Fund Class I vs Vanguard Morningstar Value ETF
Which is better, DODGX or VTV?
VTV has been ahead.
VTV has a lower expense ratio. VTV led over 1Y, 3Y, 5Y and the full window. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 29.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DODGX | VTV |
|---|---|---|
| Expense Ratio | 0.51% | 0.03%Best |
| AUM | $79.3B | $192.2B |
| Dividend Yield | 8.60% | 1.82% |
| Holdings | 94 | 311 |
| YTD Price Return | +2.57% | +12.67%Best |
| 1Y Price Return | -93.86% | +16.46%Best |
| 3Y Price Return (annualized) | -57.60% | +17.07%Best |
| 5Y Price Return (annualized) | -41.02% | +9.76%Best |
| Volatility (annualized) | 45.0% | 14.0%Best |
| Max Drawdown | -94.5% | -18.1%Best |
| $10,000 over 5 years | $714 | $15,930Best |
| Top 10 Weight | 29.6% | 22.5%Best |
| Fund Family | Dodge & Cox Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 4, 1965 | Jan 26, 2004 |
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for DODGX. Both funds are measured the same way, so the comparison holds. DODGX yields 8.60% and VTV 1.82% on top.
Volatility and max drawdown are measured over the window both funds cover: Oct 4, 2021 to Oct 1, 2026 (5 years).
DODGX vs VTV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover. Prices exclude distributions, on both funds alike.
DODGX vs VTV Performance
Dodge & Cox Stock Fund Class I (DODGX) is a mutual fund from Dodge & Cox Funds and Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US). Over the past year DODGX returned -93.86% while VTV returned +16.46%. Year to date, DODGX is up 2.57% versus a gain of 12.67% for VTV.
Over three years, DODGX compounded at -57.60% per year against +17.07% for VTV; over five years the annualized figures are -41.02% and +9.76% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DODGX has been the more volatile fund, with annualized monthly volatility of 45.0% compared with 14.0% for VTV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -94.5% for DODGX and -18.1% for VTV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DODGX charges 0.51% per year while VTV charges 0.03%. On a $10,000 position that is $51 vs $3 annually, a gap of $48 per year that compounds over a long holding period. On income, DODGX currently yields 8.60% against 1.82% for VTV.
Structure and taxes
DODGX is a mutual fund and VTV is an ETF. A mutual fund prices once a day at net asset value and may carry a purchase minimum. An ETF trades through the day at whatever the market pays for it.
In a taxable account the difference that usually matters is distributions. An ETF can meet redemptions in kind, so it rarely has to sell holdings and rarely passes a capital gain to the people who held it; a mutual fund that sells holdings to meet redemptions can distribute a realised gain at year end to everyone still in the fund, whether or not they sold anything themselves. In a tax-deferred account that difference largely disappears. Both are descriptions of how the two wrappers work, not a recommendation.
Tax-loss harvesting works on either wrapper.
Holdings Overlap
60.4% of DODGX's money is in holdings VTV also owns. 15.4% of VTV's money is in holdings DODGX also owns.
The two portfolios partly overlap.
48 positions in common, counted across the 90 positions we hold weights for in DODGX and 299 in VTV, against full books of 94 and 311.
What only one of them owns
Our book lists 243 positions for VTV that do not appear in our book for DODGX (81.7% of the fund), and 32 for DODGX that do not appear in VTV (29.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DODGX | Weight in VTV | Difference |
|---|---|---|---|
| RTXRaytheon Co. | 3.76% | 1.08% | 2.68% |
| SCHWSchwab Strategic T | 4.01% | 0.65% | 3.36% |
| JCIJohnson Controls International Plc | 3.28% | 0.33% | 2.95% |
| UNHUnitedhealth Group Incorporated | 2.11% | 1.40% | 0.71% |
| CVSCvs Health Corp. | 2.78% | 0.49% | 2.29% |
| METMetlife Inc. | 2.48% | 0.20% | 2.28% |
| HUMHumana Inc. | 2.47% | 0.16% | 2.31% |
| WFCWells Fargo & Co. | 1.55% | 0.98% | 0.57% |
| GILDGilead Sciences | 1.85% | 0.60% | 1.25% |
| OXYOccidental Petroleum Corp. | 2.02% | 0.16% | 1.86% |
60.4% of DODGX is already inside VTV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DODGX or VTV?
DODGX has an expense ratio of 0.51% while VTV charges 0.03%. VTV is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, DODGX or VTV?
Over the past year DODGX returned -93.86% vs +16.46% for VTV, so VTV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DODGX or VTV?
DODGX has been the more volatile fund at 45.0% annualized versus 14.0% for VTV. Worst drawdown: DODGX -94.5% vs VTV -18.1%.
Should I hold both DODGX and VTV?
DODGX and VTV have a monthly-return correlation of 0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DODGX and VTV?
60.4% of DODGX's money is in holdings VTV also owns. 15.4% of VTV's is in holdings DODGX also owns. They hold 48 positions in common, counted across the 90 positions we hold weights for in DODGX and 299 in VTV.
Which pays a higher dividend, DODGX or VTV?
DODGX yields 8.60% while VTV yields 1.82%, so DODGX currently pays the higher dividend yield.
Is it better to hold DODGX or VTV in a taxable account?
VTV is an ETF and DODGX is a mutual fund. An ETF can meet redemptions in kind, so it rarely distributes a capital gain to the people holding it. A mutual fund that sells holdings to meet redemptions can pass a realised gain to every holder at year end. In a tax-deferred account that difference largely disappears. This is information, not a recommendation.
Is VTV better than DODGX?
VTV has a lower expense ratio. VTV led over 1Y, 3Y, 5Y and the full window. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 29.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.