DAFGX vs. DAIOX
DAFGX (Dunham Focused Large Cap Growth Fund) and DAIOX (Dunham International Opportunity Bond Fund) are both mutual funds - DAFGX is a Large Cap Growth Equities fund managed by Dunham, while DAIOX is a Global Bonds fund managed by Dunham. Over the past 10 years, DAFGX returned 13.09%/yr vs 0.96%/yr for DAIOX. At a 0.09 correlation, their price movements are largely independent. DAFGX charges 1.37%/yr vs 1.58%/yr for DAIOX.
Performance
DAFGX vs. DAIOX - Performance Comparison
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Returns By Period
In the year-to-date period, DAFGX achieves a 4.06% return, which is significantly higher than DAIOX's 2.94% return. Over the past 10 years, DAFGX has outperformed DAIOX with an annualized return of 13.09%, while DAIOX has yielded a comparatively lower 0.96% annualized return.
DAFGX
- 1D
- -0.11%
- 1M
- 5.57%
- 6M
- 3.19%
- YTD
- 4.06%
- 1Y
- 0.11%
- 3Y*
- 9.13%
- 5Y*
- 2.29%
- 10Y*
- 13.09%
DAIOX
- 1D
- 0.25%
- 1M
- 0.06%
- 6M
- 2.42%
- YTD
- 2.94%
- 1Y
- 5.53%
- 3Y*
- 7.50%
- 5Y*
- 1.55%
- 10Y*
- 0.96%
DAFGX vs. DAIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | 4.06% | 1.72% | 11.42% | 54.81% | -38.96% | 13.01% | 49.42% | 35.17% | 9.80% | 26.10% |
DAIOX Dunham International Opportunity Bond Fund | 2.94% | 5.68% | 5.33% | 12.18% | -14.11% | -2.18% | 3.85% | 3.82% | -5.00% | 9.50% |
Correlation
The correlation between DAFGX and DAIOX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.09 |
Over the past year, DAFGX and DAIOX have become more correlated (0.31) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
DAFGX vs. DAIOX — Risk / Return Rank
DAFGX
DAIOX
DAFGX vs. DAIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Focused Large Cap Growth Fund (DAFGX) and Dunham International Opportunity Bond Fund (DAIOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DAFGX | DAIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.10 | -2.13 |
| Martin ratioReturn relative to average drawdown | -0.07 | 8.63 | -8.70 |
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Drawdowns
DAFGX vs. DAIOX - Drawdown Comparison
The maximum DAFGX drawdown since its inception was -47.69%, which is greater than DAIOX's maximum drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for DAFGX and DAIOX.
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Drawdown Indicators
| DAFGX | DAIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -27.58% | -20.11% |
Max Drawdown (1Y)Largest decline over 1 year | -27.70% | -2.58% | -25.12% |
Max Drawdown (3Y)Largest decline over 3 years | -34.81% | -3.91% | -30.90% |
Max Drawdown (5Y)Largest decline over 5 years | -47.69% | -24.80% | -22.89% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | -24.96% | -22.73% |
Current DrawdownCurrent decline from peak | -12.31% | -0.45% | -11.86% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -9.14% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 0.63% | +11.73% |
Volatility
DAFGX vs. DAIOX - Volatility Comparison
Dunham Focused Large Cap Growth Fund (DAFGX) has a higher volatility of 7.48% compared to Dunham International Opportunity Bond Fund (DAIOX) at 0.80%. This indicates that DAFGX's price experiences larger fluctuations and is considered to be riskier than DAIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAFGX | DAIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 0.80% | +6.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 2.86% | +13.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.38% | 3.24% | +17.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.39% | 4.66% | +21.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.46% | 5.85% | +19.61% |
DAFGX vs. DAIOX - Expense Ratio Comparison
DAFGX has a 1.37% expense ratio, which is lower than DAIOX's 1.58% expense ratio.
Dividends
DAFGX vs. DAIOX - Dividend Comparison
DAFGX's dividend yield for the trailing twelve months is around 15.87%, more than DAIOX's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | 15.87% | 16.51% | 0.00% | 2.40% | 0.00% | 8.61% | 2.31% | 3.33% | 8.90% | 0.95% | 0.00% | 0.58% |
DAIOX Dunham International Opportunity Bond Fund | 3.96% | 4.22% | 4.16% | 4.56% | 7.17% | 2.88% | 2.23% | 0.23% | 0.42% | 0.11% | 1.10% | 0.05% |
Frequently Asked Questions
DAFGX and DAIOX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAFGX has higher volatility (7.48%) compared to DAIOX (0.80%). In terms of maximum drawdown, DAFGX dropped -47.69% vs DAIOX's -27.58%.
DAIOX currently has the higher Sharpe Ratio (1.67 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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