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Dunham Real Estate Stock Fund (DCREX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US2654588365
Issuer
Dunham
Inception Date
Dec 10, 2004
Category
REIT
Min. Investment
$5,000
Distribution Policy
Distributing
Asset Class
Real Estate
Asset Class Size
Mid-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Dunham Real Estate Stock Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Dunham Real Estate Stock Fund (DCREX) has returned 1.86% so far this year and 1.15% over the past 12 months. Over the last ten years, DCREX has returned 0.68% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Dunham Real Estate Stock Fund

1D
0.00%
1M
-7.44%
YTD
1.86%
6M
-0.26%
1Y
1.15%
3Y*
2.69%
5Y*
-6.35%
10Y*
0.68%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 10, 2004, DCREX's average daily return is +0.03%, while the average monthly return is +0.42%. At this rate, your investment would double in approximately 13.8 years.

Historically, 57% of months were positive and 43% were negative. The best month was Apr 2009 with a return of +30.8%, while the worst month was Oct 2008 at -30.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, DCREX closed higher 51% of trading days. The best single day was Mar 23, 2009 with a return of +17.3%, while the worst single day was Dec 27, 2005 at -19.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.78%7.06%-7.44%1.86%
2025-0.16%-0.47%-5.59%-2.33%3.58%1.07%0.16%0.49%-1.46%-1.48%1.92%-2.48%-6.83%
2024-4.15%1.82%4.16%-7.99%7.09%1.90%6.74%1.22%3.01%-3.36%4.38%-7.45%6.05%
202312.47%-5.62%-1.55%-0.70%-4.24%5.17%2.37%-1.46%-7.83%-5.57%12.39%9.03%12.43%
2022-11.36%-4.83%5.01%-5.70%-6.31%-8.77%7.07%-6.25%-14.62%1.97%5.19%-8.78%-40.12%
2021-2.51%5.95%-0.81%4.57%0.52%3.57%-5.10%4.95%-5.97%5.61%-6.57%5.69%8.93%

Benchmark Metrics

Dunham Real Estate Stock Fund has an annualized alpha of -4.37%, beta of 1.16, and R² of 0.58 versus S&P 500 Index. Calculated based on daily prices since December 13, 2004.

  • This fund participated in 118.41% of S&P 500 Index downside but only 93.58% of its upside — more exposed to losses than it benefited from rallies.
  • This fund had an annualized alpha of -4.37% versus S&P 500 Index — delivering less than market exposure alone would predict.

Alpha
-4.37%
Beta
1.16
0.58
Upside Capture
93.58%
Downside Capture
118.41%

Expense Ratio

DCREX has a high expense ratio of 2.37%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

DCREX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


DCREX Risk / Return Rank: 66
Overall Rank
DCREX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
DCREX Sortino Ratio Rank: 66
Sortino Ratio Rank
DCREX Omega Ratio Rank: 66
Omega Ratio Rank
DCREX Calmar Ratio Rank: 77
Calmar Ratio Rank
DCREX Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Dunham Real Estate Stock Fund (DCREX) and compare them to a chosen benchmark (S&P 500 Index).


DCREXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.07

0.90

-0.82

Sortino ratio

Return per unit of downside risk

0.22

1.39

-1.16

Omega ratio

Gain probability vs. loss probability

1.03

1.21

-0.18

Calmar ratio

Return relative to maximum drawdown

0.04

1.40

-1.36

Martin ratio

Return relative to average drawdown

0.11

6.61

-6.49

Explore DCREX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Dunham Real Estate Stock Fund provided a 0.55% dividend yield over the last twelve months, with an annual payout of $0.07 per share.


0.00%5.00%10.00%15.00%20.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.07$0.07$0.00$0.21$0.00$1.29$1.48$1.19$0.15$0.12$3.02$1.79

Dividend yield

0.55%0.56%0.00%1.72%0.00%7.09%8.26%7.31%1.07%0.80%20.50%10.54%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.07$0.07
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.21$0.21
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.29$1.29

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.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Dunham Real Estate Stock 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 Real Estate Stock Fund was 74.32%, occurring on Mar 6, 2009. Recovery took 1043 trading sessions.

The current Dunham Real Estate Stock Fund drawdown is 35.67%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-74.32%Feb 8, 2007523Mar 6, 20091043Apr 29, 20131566
-49.4%Sep 8, 2021537Oct 25, 2023
-37.17%Feb 19, 202024Mar 23, 2020165Nov 13, 2020189
-21.46%Aug 3, 2005105Dec 30, 2005207Oct 26, 2006312
-18.37%May 22, 201362Aug 19, 2013200Jun 5, 2014262

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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