DAFGX vs. QQQX
DAFGX (Dunham Focused Large Cap Growth Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - DAFGX is a Large Cap Growth Equities fund managed by Dunham, while QQQX is a Derivative Income fund actively managed by Nuveen. Over the past 10 years, DAFGX returned 12.32%/yr vs 12.83%/yr for QQQX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. DAFGX charges 1.37%/yr vs 0.89%/yr for QQQX.
Performance
DAFGX vs. QQQX - 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 QQQX's 10.40% return. Both investments have delivered pretty close results over the past 10 years, with DAFGX having a 12.32% annualized return and QQQX not far ahead at 12.83%.
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%
QQQX
- 1D
- 1.86%
- 1M
- -0.07%
- 6M
- 11.46%
- YTD
- 10.40%
- 1Y
- 24.55%
- 3Y*
- 17.08%
- 5Y*
- 8.64%
- 10Y*
- 12.83%
- ALL TIME*
- 10.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.40M | $3.62M | $3.35M |
DAFGX vs. QQQX - 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% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 10.40% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Correlation
The correlation between DAFGX and QQQX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2011 | 0.73 |
The correlation between DAFGX and QQQX has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
DAFGX vs. QQQX — Risk / Return Rank
DAFGX
QQQX
DAFGX vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Focused Large Cap Growth Fund (DAFGX) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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 | QQQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.71 | -2.93 |
| Martin ratioReturn relative to average drawdown | -0.48 | 9.56 | -10.05 |
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Drawdowns
DAFGX vs. QQQX - Drawdown Comparison
The maximum DAFGX drawdown since its inception was -47.69%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for DAFGX and QQQX.
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Drawdown Indicators
| DAFGX | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -57.25% | +9.56% |
Max Drawdown (1Y)Largest decline over 1 year | -27.70% | -9.11% | -18.59% |
Max Drawdown (3Y)Largest decline over 3 years | -34.81% | -22.80% | -12.01% |
Max Drawdown (5Y)Largest decline over 5 years | -47.69% | -29.33% | -18.36% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | -35.96% | -11.73% |
Current DrawdownCurrent decline from peak | -16.07% | -3.01% | -13.06% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -7.98% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.65% | 2.57% | +10.08% |
Volatility
DAFGX vs. QQQX - Volatility Comparison
Dunham Focused Large Cap Growth Fund (DAFGX) has a higher volatility of 7.43% compared to Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) at 5.29%. This indicates that DAFGX's price experiences larger fluctuations and is considered to be riskier than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAFGX | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 5.29% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 13.91% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 16.37% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.50% | 20.14% | +6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.54% | 21.19% | +4.35% |
DAFGX vs. QQQX - Expense Ratio Comparison
DAFGX has a 1.37% expense ratio, which is higher than QQQX's 0.89% expense ratio.
Dividends
DAFGX vs. QQQX - Dividend Comparison
DAFGX's dividend yield for the trailing twelve months is around 16.58%, more than QQQX's 8.23% 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% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.23% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
Frequently Asked Questions
DAFGX and QQQX have a correlation of 0.75, 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 QQQX (5.29%). In terms of maximum drawdown, DAFGX dropped -47.69% vs QQQX's -57.25%.
QQQX currently has the higher Sharpe Ratio (1.51 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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