DAMDX vs. DAFGX
DAMDX (Dunham Monthly Distribution Fund) and DAFGX (Dunham Focused Large Cap Growth Fund) are both mutual funds - DAMDX is a Event Driven fund managed by Dunham, while DAFGX is a Large Cap Growth Equities fund managed by Dunham. Over the past 10 years, DAMDX returned 3.11%/yr vs 12.78%/yr for DAFGX. At a 0.49 correlation, their price movements are largely independent. DAMDX charges 2.38%/yr vs 1.37%/yr for DAFGX.
Performance
DAMDX vs. DAFGX - Performance Comparison
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Returns By Period
In the year-to-date period, DAMDX achieves a 1.74% return, which is significantly higher than DAFGX's 1.34% return. Over the past 10 years, DAMDX has underperformed DAFGX with an annualized return of 3.11%, while DAFGX has yielded a comparatively higher 12.78% annualized return.
DAMDX
- 1D
- -0.11%
- 1M
- 0.04%
- 6M
- 1.44%
- YTD
- 1.74%
- 1Y
- 4.97%
- 3Y*
- 6.25%
- 5Y*
- 3.55%
- 10Y*
- 3.11%
DAFGX
- 1D
- -2.20%
- 1M
- 2.36%
- 6M
- 3.40%
- YTD
- 1.34%
- 1Y
- -3.92%
- 3Y*
- 6.81%
- 5Y*
- 2.08%
- 10Y*
- 12.78%
DAMDX vs. DAFGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAMDX Dunham Monthly Distribution Fund | 1.74% | 7.93% | 5.29% | 4.06% | 0.57% | 0.12% | 0.44% | 5.54% | -1.01% | 4.08% |
DAFGX Dunham Focused Large Cap Growth Fund | 1.34% | 1.72% | 11.42% | 54.81% | -38.96% | 13.01% | 49.42% | 35.17% | 9.80% | 26.10% |
Correlation
The correlation between DAMDX and DAFGX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2011 | 0.49 |
Over the past year, the correlation between DAMDX and DAFGX has dropped to 0.25 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
DAMDX vs. DAFGX — Risk / Return Rank
DAMDX
DAFGX
DAMDX vs. DAFGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Monthly Distribution Fund (DAMDX) and Dunham Focused Large Cap Growth Fund (DAFGX). 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.
| DAMDX | DAFGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.82 | ||
| Sortino ratioReturn per unit of downside risk | +4.45 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 0.99 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | -0.12 | +4.99 |
| Martin ratioReturn relative to average drawdown | 20.87 | -0.27 | +21.14 |
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Drawdowns
DAMDX vs. DAFGX - Drawdown Comparison
The maximum DAMDX drawdown since its inception was -69.68%, which is greater than DAFGX's maximum drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for DAMDX and DAFGX.
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Drawdown Indicators
| DAMDX | DAFGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.68% | -47.69% | -21.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -27.70% | +26.67% |
Max Drawdown (3Y)Largest decline over 3 years | -1.89% | -34.81% | +32.92% |
Max Drawdown (5Y)Largest decline over 5 years | -6.96% | -47.69% | +40.73% |
Max Drawdown (10Y)Largest decline over 10 years | -8.44% | -47.69% | +39.25% |
Current DrawdownCurrent decline from peak | -35.17% | -14.60% | -20.57% |
Average DrawdownAverage peak-to-trough decline | -48.69% | -9.59% | -39.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 12.41% | -12.17% |
Volatility
DAMDX vs. DAFGX - Volatility Comparison
The current volatility for Dunham Monthly Distribution Fund (DAMDX) is 0.63%, while Dunham Focused Large Cap Growth Fund (DAFGX) has a volatility of 6.75%. This indicates that DAMDX experiences smaller price fluctuations and is considered to be less risky than DAFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAMDX | DAFGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 6.75% | -6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 16.84% | -15.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.89% | 20.55% | -18.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.32% | 26.43% | -22.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 25.48% | -21.53% |
DAMDX vs. DAFGX - Expense Ratio Comparison
DAMDX has a 2.38% expense ratio, which is higher than DAFGX's 1.37% expense ratio.
Dividends
DAMDX vs. DAFGX - Dividend Comparison
DAMDX's dividend yield for the trailing twelve months is around 7.59%, less than DAFGX's 16.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | 16.29% | 16.51% | 0.00% | 2.40% | 0.00% | 8.61% | 2.31% | 3.33% | 8.90% | 0.95% | 0.00% | 0.58% |
DAMDX Dunham Monthly Distribution Fund | 7.59% | 7.83% | 8.84% | 8.77% | 5.35% | 3.47% | 3.64% | 6.31% | 4.86% | 4.27% | 3.54% | 4.39% |
Frequently Asked Questions
DAMDX and DAFGX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAFGX has higher volatility (6.75%) compared to DAMDX (0.63%). In terms of maximum drawdown, DAMDX dropped -69.68% vs DAFGX's -47.69%.
DAMDX currently has the higher Sharpe Ratio (2.65 vs -0.16), 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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