DAIOX vs. GBONX
DAIOX (Dunham International Opportunity Bond Fund) and GBONX (JPMorgan Global Bond Opportunities Fund Class R6) are both Global Bonds funds. Over the past 10 years, DAIOX returned 0.80%/yr vs 3.78%/yr for GBONX. Their 0.38 correlation means their historical movements had little consistent relationship. DAIOX charges 1.58%/yr vs 0.51%/yr for GBONX.
Performance
DAIOX vs. GBONX - Performance Comparison
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Returns By Period
In the year-to-date period, DAIOX achieves a 2.42% return, which is significantly higher than GBONX's 0.08% return. Over the past 10 years, DAIOX has underperformed GBONX with an annualized return of 0.80%, while GBONX has yielded a comparatively higher 3.78% annualized return.
DAIOX
- 1D
- -0.13%
- 1M
- -0.63%
- 6M
- 1.39%
- YTD
- 2.42%
- 1Y
- 4.19%
- 3Y*
- 6.50%
- 5Y*
- 1.39%
- 10Y*
- 0.80%
- ALL TIME*
- 0.44%
GBONX
- 1D
- 0.21%
- 1M
- -1.00%
- 6M
- -0.77%
- YTD
- 0.08%
- 1Y
- 3.17%
- 3Y*
- 5.32%
- 5Y*
- 2.54%
- 10Y*
- 3.78%
- ALL TIME*
- 3.84%
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 |
DAIOX vs. GBONX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 2.42% | 5.68% | 5.33% | 12.18% | -14.11% | -2.18% | 3.85% | 3.82% | -5.00% | 9.50% |
GBONX JPMorgan Global Bond Opportunities Fund Class R6 | 0.08% | 8.15% | 3.68% | 7.01% | -5.89% | 1.52% | 7.93% | 10.73% | -1.74% | 6.98% |
Correlation
The correlation between DAIOX and GBONX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.38 |
Over the past year, DAIOX and GBONX have become more correlated (0.62) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
DAIOX vs. GBONX — Risk / Return Rank
DAIOX
GBONX
DAIOX vs. GBONX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham International Opportunity Bond Fund (DAIOX) and JPMorgan Global Bond Opportunities Fund Class R6 (GBONX). 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.
| DAIOX | GBONX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.90 | +0.73 |
| Martin ratioReturn relative to average drawdown | 6.44 | 2.98 | +3.46 |
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Drawdowns
DAIOX vs. GBONX - Drawdown Comparison
The maximum DAIOX drawdown since its inception was -27.58%, which is greater than GBONX's maximum drawdown of -11.56%. Use the drawdown chart below to compare losses from any high point for DAIOX and GBONX.
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Drawdown Indicators
| DAIOX | GBONX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -11.56% | -16.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -4.00% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -4.00% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -10.70% | -14.10% |
Max Drawdown (10Y)Largest decline over 10 years | -24.96% | -11.56% | -13.40% |
Current DrawdownCurrent decline from peak | -0.95% | -1.70% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -1.47% | -7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.21% | -0.56% |
Volatility
DAIOX vs. GBONX - Volatility Comparison
The current volatility for Dunham International Opportunity Bond Fund (DAIOX) is 0.69%, while JPMorgan Global Bond Opportunities Fund Class R6 (GBONX) has a volatility of 0.91%. This indicates that DAIOX experiences smaller price fluctuations and is considered to be less risky than GBONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAIOX | GBONX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.91% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.37% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 3.76% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 3.72% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 3.47% | +2.34% |
DAIOX vs. GBONX - Expense Ratio Comparison
DAIOX has a 1.58% expense ratio, which is higher than GBONX's 0.51% expense ratio.
Dividends
DAIOX vs. GBONX - Dividend Comparison
DAIOX's dividend yield for the trailing twelve months is around 3.59%, less than GBONX's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 3.59% | 4.22% | 4.16% | 4.56% | 7.17% | 2.88% | 2.23% | 0.23% | 0.42% | 0.11% | 1.10% | 0.05% |
GBONX JPMorgan Global Bond Opportunities Fund Class R6 | 4.33% | 4.93% | 4.56% | 4.06% | 3.83% | 2.76% | 3.43% | 4.21% | 5.89% | 3.46% | 4.93% | 5.25% |
Frequently Asked Questions
DAIOX and GBONX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBONX has higher volatility (0.91%) compared to DAIOX (0.69%). In terms of maximum drawdown, DAIOX dropped -27.58% vs GBONX's -11.56%.
DAIOX currently has the higher Sharpe Ratio (1.30 vs 0.96), 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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