DAFGX vs. DCAIX
DAFGX (Dunham Focused Large Cap Growth Fund) and DCAIX (Dunham Long/Short Credit Fund) are both mutual funds - DAFGX is a Large Cap Growth Equities fund managed by Dunham, while DCAIX is a Nontraditional Bonds fund managed by Dunham. Over the past 10 years, DAFGX returned 12.32%/yr vs 3.20%/yr for DCAIX. Their 0.37 correlation means their historical movements had little consistent relationship. DAFGX charges 1.37%/yr vs 1.98%/yr for DCAIX.
Performance
DAFGX vs. DCAIX - Performance Comparison
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Returns By Period
In the year-to-date period, DAFGX achieves a -0.41% return, which is significantly lower than DCAIX's 0.80% return. Over the past 10 years, DAFGX has outperformed DCAIX with an annualized return of 12.32%, while DCAIX has yielded a comparatively lower 3.20% annualized return.
DAFGX
- 1D
- 2.25%
- 1M
- -2.07%
- 6M
- 5.38%
- YTD
- -0.41%
- 1Y
- -3.70%
- 3Y*
- 6.78%
- 5Y*
- 1.17%
- 10Y*
- 12.32%
- ALL TIME*
- 11.95%
DCAIX
- 1D
- -0.36%
- 1M
- -0.49%
- 6M
- 0.46%
- YTD
- 0.80%
- 1Y
- 1.58%
- 3Y*
- 2.83%
- 5Y*
- 0.98%
- 10Y*
- 3.20%
- ALL TIME*
- 2.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DAFGX vs. DCAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | -0.41% | 1.72% | 11.42% | 54.81% | -38.96% | 13.01% | 49.42% | 35.17% | 9.80% | 26.10% |
DCAIX Dunham Long/Short Credit Fund | 0.80% | 2.47% | 3.78% | 0.60% | -2.64% | 1.47% | 4.11% | 5.81% | 4.17% | 10.40% |
Correlation
The correlation between DAFGX and DCAIX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2011 | 0.37 |
Over the past year, the correlation between DAFGX and DCAIX has dropped to 0.05 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
DAFGX vs. DCAIX — Risk / Return Rank
DAFGX
DCAIX
DAFGX vs. DCAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Focused Large Cap Growth Fund (DAFGX) and Dunham Long/Short Credit Fund (DCAIX). 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 | DCAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.50 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.51 | -3.73 |
| Martin ratioReturn relative to average drawdown | -0.48 | 12.94 | -13.43 |
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Drawdowns
DAFGX vs. DCAIX - Drawdown Comparison
The maximum DAFGX drawdown since its inception was -47.69%, roughly equal to the maximum DCAIX drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for DAFGX and DCAIX.
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Drawdown Indicators
| DAFGX | DCAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -46.34% | -1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -27.70% | -0.49% | -27.21% |
Max Drawdown (3Y)Largest decline over 3 years | -34.81% | -0.85% | -33.96% |
Max Drawdown (5Y)Largest decline over 5 years | -47.69% | -5.45% | -42.24% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | -6.53% | -41.16% |
Current DrawdownCurrent decline from peak | -16.07% | -0.49% | -15.58% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -5.93% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.65% | 0.13% | +12.52% |
Volatility
DAFGX vs. DCAIX - Volatility Comparison
Dunham Focused Large Cap Growth Fund (DAFGX) has a higher volatility of 7.43% compared to Dunham Long/Short Credit Fund (DCAIX) at 0.42%. This indicates that DAFGX's price experiences larger fluctuations and is considered to be riskier than DCAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAFGX | DCAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 0.42% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 0.79% | +16.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 1.07% | +20.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.50% | 1.58% | +24.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.54% | 3.79% | +21.75% |
DAFGX vs. DCAIX - Expense Ratio Comparison
DAFGX has a 1.37% expense ratio, which is lower than DCAIX's 1.98% expense ratio.
Dividends
DAFGX vs. DCAIX - Dividend Comparison
DAFGX's dividend yield for the trailing twelve months is around 16.58%, more than DCAIX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | 16.58% | 16.51% | 0.00% | 2.40% | 0.00% | 8.61% | 2.31% | 3.33% | 8.90% | 0.95% | 0.00% | 0.58% |
DCAIX Dunham Long/Short Credit Fund | 3.30% | 3.79% | 3.72% | 4.04% | 2.63% | 2.25% | 2.39% | 2.27% | 1.31% | 1.33% | 2.28% | 5.72% |
Frequently Asked Questions
DAFGX and DCAIX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAFGX has higher volatility (7.43%) compared to DCAIX (0.42%). In terms of maximum drawdown, DAFGX dropped -47.69% vs DCAIX's -46.34%.
DCAIX currently has the higher Sharpe Ratio (1.60 vs -0.29), 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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