DAFGX vs. DNAVX
DAFGX (Dunham Focused Large Cap Growth Fund) and DNAVX (Dunham Dynamic Macro Fund) are both mutual funds - DAFGX is a Large Cap Growth Equities fund managed by Dunham, while DNAVX is a Multistrategy fund managed by Dunham. Over the past 10 years, DAFGX returned 11.98%/yr vs 3.44%/yr for DNAVX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. DAFGX charges 1.37%/yr vs 1.88%/yr for DNAVX.
Performance
DAFGX vs. DNAVX - Performance Comparison
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Returns By Period
In the year-to-date period, DAFGX achieves a -2.60% return, which is significantly lower than DNAVX's 0.27% return. Over the past 10 years, DAFGX has outperformed DNAVX with an annualized return of 11.98%, while DNAVX has yielded a comparatively lower 3.44% annualized return.
DAFGX
- 1D
- 3.25%
- 1M
- -4.22%
- 6M
- 2.49%
- YTD
- -2.60%
- 1Y
- -5.81%
- 3Y*
- 5.94%
- 5Y*
- 0.72%
- 10Y*
- 11.98%
- ALL TIME*
- 11.78%
DNAVX
- 1D
- 0.36%
- 1M
- -0.70%
- 6M
- -1.66%
- YTD
- 0.27%
- 1Y
- 0.84%
- 3Y*
- 5.13%
- 5Y*
- 3.10%
- 10Y*
- 3.44%
- ALL TIME*
- 2.56%
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. DNAVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | -2.60% | 1.72% | 11.42% | 54.81% | -38.96% | 13.01% | 49.42% | 35.17% | 9.80% | 26.10% |
DNAVX Dunham Dynamic Macro Fund | 0.27% | 5.12% | 6.13% | 18.70% | -14.02% | 9.29% | 1.63% | 13.99% | -8.44% | 8.09% |
Correlation
The correlation between DAFGX and DNAVX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2011 | 0.61 |
Over the past year, the correlation between DAFGX and DNAVX has dropped to 0.16 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
DAFGX vs. DNAVX — Risk / Return Rank
DAFGX
DNAVX
DAFGX vs. DNAVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Focused Large Cap Growth Fund (DAFGX) and Dunham Dynamic Macro Fund (DNAVX). 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 | DNAVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.03 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 0.18 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.66 | 0.54 | -1.20 |
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Drawdowns
DAFGX vs. DNAVX - Drawdown Comparison
The maximum DAFGX drawdown since its inception was -47.69%, which is greater than DNAVX's maximum drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for DAFGX and DNAVX.
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Drawdown Indicators
| DAFGX | DNAVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -17.73% | -29.96% |
Max Drawdown (1Y)Largest decline over 1 year | -27.70% | -4.26% | -23.44% |
Max Drawdown (3Y)Largest decline over 3 years | -34.81% | -8.05% | -26.76% |
Max Drawdown (5Y)Largest decline over 5 years | -47.69% | -17.12% | -30.57% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | -17.73% | -29.96% |
Current DrawdownCurrent decline from peak | -17.92% | -3.83% | -14.09% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -3.87% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.63% | 1.42% | +11.21% |
Volatility
DAFGX vs. DNAVX - Volatility Comparison
Dunham Focused Large Cap Growth Fund (DAFGX) has a higher volatility of 7.02% compared to Dunham Dynamic Macro Fund (DNAVX) at 1.70%. This indicates that DAFGX's price experiences larger fluctuations and is considered to be riskier than DNAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAFGX | DNAVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 1.70% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 17.33% | 3.96% | +13.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 4.44% | +16.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.49% | 8.62% | +17.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.53% | 8.41% | +17.12% |
DAFGX vs. DNAVX - Expense Ratio Comparison
DAFGX has a 1.37% expense ratio, which is lower than DNAVX's 1.88% expense ratio.
Dividends
DAFGX vs. DNAVX - Dividend Comparison
DAFGX's dividend yield for the trailing twelve months is around 16.95%, more than DNAVX's 11.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | 16.95% | 16.51% | 0.00% | 2.40% | 0.00% | 8.61% | 2.31% | 3.33% | 8.90% | 0.95% | 0.00% | 0.58% |
DNAVX Dunham Dynamic Macro Fund | 11.53% | 11.56% | 0.00% | 3.41% | 0.00% | 0.00% | 0.75% | 0.00% | 2.42% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DAFGX and DNAVX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAFGX has higher volatility (7.02%) compared to DNAVX (1.70%). In terms of maximum drawdown, DAFGX dropped -47.69% vs DNAVX's -17.73%.
DNAVX currently has the higher Sharpe Ratio (0.17 vs -0.40), 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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