DAFGX vs. VTWAX
DAFGX (Dunham Focused Large Cap Growth Fund) and VTWAX (Vanguard Total World Stock Index Fund Admiral Shares) are both mutual funds - DAFGX is a Large Cap Growth Equities fund managed by Dunham, while VTWAX is a Global Equities fund tracking the FTSE Global All Cap Index. Over the past 5 years, DAFGX returned 1.17%/yr vs 10.59%/yr for VTWAX. Their correlation of 0.83 means they have usually moved in the same direction. DAFGX charges 1.37%/yr vs 0.09%/yr for VTWAX.
Performance
DAFGX vs. VTWAX - 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 VTWAX's 11.25% 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%
VTWAX
- 1D
- 0.40%
- 1M
- -0.02%
- 6M
- 7.43%
- YTD
- 11.25%
- 1Y
- 23.69%
- 3Y*
- 18.20%
- 5Y*
- 10.59%
- 10Y*
- —
- ALL TIME*
- 13.44%
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. VTWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | -0.41% | 1.72% | 11.42% | 54.81% | -38.96% | 13.01% | 49.42% | 19.66% |
VTWAX Vanguard Total World Stock Index Fund Admiral Shares | 11.25% | 22.43% | 16.43% | 21.85% | -18.02% | 18.17% | 16.67% | 17.53% |
Correlation
The correlation between DAFGX and VTWAX is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.83 |
The correlation between DAFGX and VTWAX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
DAFGX vs. VTWAX — Risk / Return Rank
DAFGX
VTWAX
DAFGX vs. VTWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Focused Large Cap Growth Fund (DAFGX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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 | VTWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.30 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.32 | -2.54 |
| Martin ratioReturn relative to average drawdown | -0.48 | 9.68 | -10.16 |
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Drawdowns
DAFGX vs. VTWAX - Drawdown Comparison
The maximum DAFGX drawdown since its inception was -47.69%, which is greater than VTWAX's maximum drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for DAFGX and VTWAX.
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Drawdown Indicators
| DAFGX | VTWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -34.20% | -13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -27.70% | -9.64% | -18.06% |
Max Drawdown (3Y)Largest decline over 3 years | -34.81% | -16.43% | -18.38% |
Max Drawdown (5Y)Largest decline over 5 years | -47.69% | -26.40% | -21.29% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | — | — |
Current DrawdownCurrent decline from peak | -16.07% | -1.68% | -14.39% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -5.23% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.65% | 2.30% | +10.35% |
Volatility
DAFGX vs. VTWAX - Volatility Comparison
Dunham Focused Large Cap Growth Fund (DAFGX) has a higher volatility of 7.43% compared to Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) at 3.96%. This indicates that DAFGX's price experiences larger fluctuations and is considered to be riskier than VTWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAFGX | VTWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 3.96% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 11.36% | +6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 13.64% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.50% | 15.89% | +10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.54% | 18.16% | +7.38% |
DAFGX vs. VTWAX - Expense Ratio Comparison
DAFGX has a 1.37% expense ratio, which is higher than VTWAX's 0.09% expense ratio.
Dividends
DAFGX vs. VTWAX - Dividend Comparison
DAFGX's dividend yield for the trailing twelve months is around 16.58%, more than VTWAX's 1.56% 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% |
VTWAX Vanguard Total World Stock Index Fund Admiral Shares | 1.56% | 1.80% | 1.92% | 2.06% | 2.17% | 1.79% | 1.64% | 2.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DAFGX and VTWAX have a correlation of 0.80, 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 VTWAX (3.96%). In terms of maximum drawdown, DAFGX dropped -47.69% vs VTWAX's -34.20%.
VTWAX currently has the higher Sharpe Ratio (1.64 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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