- 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
DCREX Performance Chart
Dunham Real Estate Stock Fund (DCREX) is up 8.4% since the beginning of the year. DCREX is currently trading at $13 per share. Investors who bought $1,000 worth of DCREX shares 5 years ago would now be looking at an investment worth $726.
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Returns By Period
Dunham Real Estate Stock Fund (DCREX) has returned 8.35% so far this year and 5.84% over the past 12 months. Over the last ten years, DCREX has returned 1.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Dunham Real Estate Stock Fund
- 1D
- 0.23%
- 1M
- -2.06%
- YTD
- 8.35%
- 6M
- 6.98%
- 1Y
- 5.84%
- 3Y*
- 5.73%
- 5Y*
- -6.20%
- 10Y*
- 1.21%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
DCREX Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2004, DCREX's average daily return is +0.03%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.78% | 7.06% | -6.13% | 7.84% | -0.83% | -1.91% | 8.35% | ||||||
| 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% |
| 2023 | 12.47% | -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 -4.97%, 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 118.91% of S&P 500 Index downside but only 91.41% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -4.97% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -4.97%
- Beta
- 1.16
- R²
- 0.58
- Upside Capture
- 91.41%
- Downside Capture
- 118.91%
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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Dunham Real Estate Stock Fund (DCREX) and compare them to S&P 500 Index.
| DCREX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.93 | -2.15 |
| Martin ratioReturn relative to average drawdown | 1.44 | 13.52 | -12.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Dunham Real Estate Stock Fund provided a 0.52% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.52% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $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 31.56%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -74.32%Mar 2009 | 2y 27d | 4y 1mo | 6y 2moFeb 2007 - Apr 2013 |
2023 bear market2023 | -49.40%Oct 2023 | 2y 1mo | — | 4y 9moSep 2021 - now |
COVID crash2020 | -37.17%Mar 2020 | 1mo 3d | 7mo 25d | 8mo 28dFeb 2020 - Nov 2020 |
2005 bear market2005 | -21.46%Dec 2005 | 4mo 29d | 10mo | 1y 2moAug 2005 - Oct 2006 |
2013 correction2013 | -18.37%Aug 2013 | 2mo 29d | 9mo 20d | 1y 14dMay 2013 - Jun 2014 |
Drawdown Indicators
| DCREX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.32% | -56.78% | -17.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -9.10% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -24.95% | -18.90% | -6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -49.40% | -25.43% | -23.97% |
Max Drawdown (10Y)Largest decline over 10 years | -49.40% | -33.92% | -15.48% |
Current DrawdownCurrent decline from peak | -31.56% | -0.74% | -30.82% |
Average DrawdownAverage peak-to-trough decline | -19.25% | -10.72% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 1.97% | +2.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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