PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
Dunham High Yield Bond Fund (DCHYX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Dunham High Yield Bond Fund (DCHYX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The investment seeks to provide a high level of current income, with capital appreciation as a secondary goal. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in debt securities and convertible securities rated below investment grade (rated BB+ or lower) by S&P or comparably rated by another nationally recognized statistical rating organization (NRSRO), also known as "high-yield" or "junk" bonds, and in unrated debt securities determined by the Sub-Adviser to be of comparable quality.

Fund Info

ISIN

US2654585056

CUSIP

265458505

Issuer

Dunham

Inception Date

Jul 1, 2005

Category

High Yield Bonds

Min. Investment

$5,000

Asset Class

Bond

Expense Ratio

DCHYX has a high expense ratio of 1.92%, indicating above-average management fees.

Share Price Chart

Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Dunham High Yield Bond Fund

Performance

Performance Chart

Loading data...

S&P 500

Returns By Period

Dunham High Yield Bond Fund (DCHYX) returned 1.34% year-to-date (YTD) and 6.55% over the past 12 months. Over the past 10 years, DCHYX returned 3.72% annually, underperforming the S&P 500 benchmark at 10.84%.

DCHYX

YTD

1.34%

1M

1.38%

6M

1.04%

1Y

6.55%

3Y*

5.94%

5Y*

4.90%

10Y*

3.72%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of DCHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.48%0.44%-1.92%-0.40%1.79%1.34%
20240.22%0.16%1.14%-1.04%0.84%0.41%1.68%1.38%1.13%-0.67%1.34%-0.47%6.26%
20233.73%-1.48%1.01%1.10%-0.96%1.90%1.50%0.95%-0.77%-1.52%4.43%3.37%13.85%
2022-2.51%-1.55%-0.78%-3.53%-0.01%-7.42%5.91%-1.32%-4.10%2.56%2.64%-0.70%-10.91%
2021-0.07%0.46%0.29%0.93%0.04%1.15%-0.06%0.47%-0.15%-0.16%-0.76%2.05%4.24%
20200.10%-1.38%-10.10%3.87%4.02%0.92%4.12%1.10%-1.14%0.45%3.85%1.80%6.95%
20194.24%2.20%1.15%1.75%-1.63%2.51%0.60%0.36%-0.12%0.15%0.34%1.43%13.64%
2018-0.00%-1.09%-0.99%0.59%-0.07%0.32%0.79%0.46%0.33%-1.89%-1.16%-2.53%-5.19%
20172.26%1.25%-0.44%0.99%0.56%0.03%0.84%-0.11%1.18%0.28%-1.23%0.53%6.27%
2016-1.66%0.36%2.54%1.97%0.53%0.50%1.94%1.75%0.48%0.00%-0.44%1.70%10.04%
20150.55%1.86%-0.36%1.00%0.19%-1.37%-0.16%-1.24%-2.12%2.41%-2.05%-1.67%-3.05%
20140.44%1.61%0.12%0.32%0.63%0.65%-1.53%1.36%-2.22%0.87%-0.88%-1.54%-0.26%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 87, DCHYX is among the top 13% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of DCHYX is 8787
Overall Rank
The Sharpe Ratio Rank of DCHYX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of DCHYX is 8787
Sortino Ratio Rank
The Omega Ratio Rank of DCHYX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of DCHYX is 8585
Calmar Ratio Rank
The Martin Ratio Rank of DCHYX is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Dunham High Yield Bond Fund (DCHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Dunham High Yield Bond Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 1.71
  • 5-Year: 1.00
  • 10-Year: 0.72
  • All Time: 0.96

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Dunham High Yield Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Dunham High Yield Bond Fund provided a 5.67% dividend yield over the last twelve months, with an annual payout of $0.48 per share.

3.50%4.00%4.50%5.00%5.50%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.48$0.46$0.46$0.43$0.31$0.35$0.38$0.39$0.33$0.39$0.47$0.46

Dividend yield

5.67%5.38%5.45%5.39%3.28%3.76%4.17%4.71%3.66%4.40%5.57%5.00%

Monthly Dividends

The table displays the monthly dividend distributions for Dunham High Yield Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.02$0.04$0.04$0.05$0.00$0.14
2024$0.01$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.07$0.46
2023$0.03$0.03$0.03$0.05$0.03$0.04$0.03$0.04$0.04$0.04$0.03$0.08$0.46
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.10$0.43
2021$0.02$0.02$0.03$0.03$0.02$0.03$0.02$0.02$0.03$0.03$0.03$0.03$0.31
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2019$0.03$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.39
2017$0.00$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2016$0.03$0.03$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.39
2015$0.02$0.03$0.04$0.03$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.14$0.47
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.10$0.04$0.46

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

Loading data...

Worst Drawdowns

The table below displays the maximum drawdowns of the Dunham High Yield Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Dunham High Yield Bond Fund was 27.67%, occurring on Dec 15, 2008. Recovery took 244 trading sessions.

The current Dunham High Yield Bond Fund drawdown is 0.60%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.67%Jun 5, 2007386Dec 15, 2008244Dec 3, 2009630
-18.26%Feb 24, 202021Mar 23, 202094Aug 5, 2020115
-14.99%Dec 29, 2021190Sep 29, 2022304Dec 14, 2023494
-10.91%Jul 9, 2014403Feb 11, 2016128Aug 15, 2016531
-7.01%May 23, 201195Oct 5, 201177Jan 26, 2012172
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...