DAFRX vs. RSFYX
DAFRX (Dunham Floating Rate Bond Fund) and RSFYX (Victory Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, DAFRX returned 4.02%/yr vs 4.92%/yr for RSFYX. A 0.52 correlation means they provide meaningful diversification when combined. DAFRX charges 1.29%/yr vs 0.79%/yr for RSFYX.
Performance
DAFRX vs. RSFYX - Performance Comparison
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Returns By Period
In the year-to-date period, DAFRX achieves a 2.26% return, which is significantly lower than RSFYX's 3.48% return. Over the past 10 years, DAFRX has underperformed RSFYX with an annualized return of 4.02%, while RSFYX has yielded a comparatively higher 4.92% annualized return.
DAFRX
- 1D
- 0.12%
- 1M
- 0.43%
- YTD
- 2.26%
- 6M
- 2.51%
- 1Y
- 4.92%
- 3Y*
- 7.38%
- 5Y*
- 5.13%
- 10Y*
- 4.02%
RSFYX
- 1D
- 0.00%
- 1M
- 0.85%
- YTD
- 3.48%
- 6M
- 4.67%
- 1Y
- 8.69%
- 3Y*
- 8.30%
- 5Y*
- 4.08%
- 10Y*
- 4.92%
DAFRX vs. RSFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAFRX Dunham Floating Rate Bond Fund | 2.26% | 5.04% | 7.26% | 13.05% | -2.54% | 3.51% | -0.09% | 7.18% | -1.06% | 2.71% |
RSFYX Victory Floating Rate Fund | 3.48% | 7.09% | 8.64% | 7.48% | -6.82% | 4.12% | 4.96% | 9.68% | 0.69% | 4.00% |
Correlation
The correlation between DAFRX and RSFYX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.52 |
Over the past year, the correlation between DAFRX and RSFYX has dropped to 0.27 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
DAFRX vs. RSFYX — Risk / Return Rank
DAFRX
RSFYX
DAFRX vs. RSFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Floating Rate Bond Fund (DAFRX) and Victory Floating Rate Fund (RSFYX). 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.
| DAFRX | RSFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.81 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 6.30 | -2.81 |
| Martin ratioReturn relative to average drawdown | 11.21 | 20.85 | -9.64 |
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Drawdowns
DAFRX vs. RSFYX - Drawdown Comparison
The maximum DAFRX drawdown since its inception was -19.42%, smaller than the maximum RSFYX drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for DAFRX and RSFYX.
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Drawdown Indicators
| DAFRX | RSFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -21.42% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -1.39% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -2.76% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -8.82% | +1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | -21.42% | +2.00% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -1.34% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.42% | +0.03% |
Volatility
DAFRX vs. RSFYX - Volatility Comparison
The current volatility for Dunham Floating Rate Bond Fund (DAFRX) is 0.33%, while Victory Floating Rate Fund (RSFYX) has a volatility of 0.56%. This indicates that DAFRX experiences smaller price fluctuations and is considered to be less risky than RSFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAFRX | RSFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.56% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 3.22% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.69% | 4.01% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.24% | 3.60% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.38% | 4.23% | -0.85% |
DAFRX vs. RSFYX - Expense Ratio Comparison
DAFRX has a 1.29% expense ratio, which is higher than RSFYX's 0.79% expense ratio.
Dividends
DAFRX vs. RSFYX - Dividend Comparison
DAFRX's dividend yield for the trailing twelve months is around 7.36%, less than RSFYX's 7.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFRX Dunham Floating Rate Bond Fund | 7.36% | 7.26% | 7.87% | 8.91% | 5.76% | 3.13% | 3.27% | 4.36% | 4.30% | 3.31% | 3.01% | 3.13% |
RSFYX Victory Floating Rate Fund | 7.74% | 9.39% | 9.01% | 8.22% | 6.22% | 4.16% | 5.47% | 6.07% | 5.93% | 5.07% | 4.99% | 5.31% |
Frequently Asked Questions
DAFRX and RSFYX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSFYX has higher volatility (0.56%) compared to DAFRX (0.33%). In terms of maximum drawdown, DAFRX dropped -19.42% vs RSFYX's -21.42%.
DAFRX currently has the higher Sharpe Ratio (3.00 vs 2.18), 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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