DAMDX vs. DEVDX

Last updated Jun 3, 2026

DAMDX (Dunham Monthly Distribution Fund) and DEVDX (Driehaus Event Driven Fund) are both Event Driven funds. At a 0.44 correlation, their price movements are largely independent. DAMDX charges 2.38%/yr vs 1.66%/yr for DEVDX.

Performance

DAMDX vs. DEVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dunham Monthly Distribution Fund (DAMDX) and Driehaus Event Driven Fund (DEVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DAMDX

• 1D: -0.04%
• 1M: -0.58%
• YTD: 1.24%
• 6M: 1.93%
• 1Y: 5.81%
• 3Y*: 6.85%
• 5Y*: 3.10%
• 10Y*: 2.96%

DEVDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DAMDX vs. DEVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DAMDX Dunham Monthly Distribution Fund	1.24%	7.93%	5.29%	4.06%	0.57%	0.12%	0.44%	5.54%	-1.01%	4.08%
DEVDX Driehaus Event Driven Fund	-1.35%	5.99%	3.06%	9.59%	-9.99%	7.24%	24.78%	20.49%	-4.06%	4.35%

Correlation

The correlation between DAMDX and DEVDX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.44

Over the past year, the correlation between DAMDX and DEVDX has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

DAMDX vs. DEVDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAMDX

DAMDX Risk / Return Rank: 96
DAMDX Sharpe Ratio Rank: 96
DAMDX Sortino Ratio Rank: 97
DAMDX Omega Ratio Rank: 97
DAMDX Calmar Ratio Rank: 95
DAMDX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DAMDX vs. DEVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dunham Monthly Distribution Fund (DAMDX) and Driehaus Event Driven Fund (DEVDX). 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.

	DAMDX	DEVDX	Difference
Sharpe ratio Return per unit of total volatility	3.48	—	—
Sortino ratio Return per unit of downside risk	5.67	—	—
Omega ratio Gain probability vs. loss probability	1.90	—	—
Calmar ratio Return relative to maximum drawdown	5.74	—	—
Martin ratio Return relative to average drawdown	36.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DAMDX	DEVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.48	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	—	—

Drawdowns

Drawdown Indicators

	DAMDX	DEVDX	Difference
Max Drawdown Largest peak-to-trough decline	-69.68%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.44%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-8.44%	—	—
Current Drawdown Current decline from peak	-35.48%	—	—
Average Drawdown Average peak-to-trough decline	-48.77%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	—	—

Volatility

Volatility by Period

	DAMDX	DEVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.34%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.00%	—	—

DAMDX vs. DEVDX - Expense Ratio Comparison

DAMDX has a 2.38% expense ratio, which is higher than DEVDX's 1.66% expense ratio.

Dividends

DAMDX vs. DEVDX - Dividend Comparison

DAMDX's dividend yield for the trailing twelve months is around 7.65%, less than DEVDX's 16.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAMDX Dunham Monthly Distribution Fund	7.65%	7.83%	8.84%	8.77%	5.35%	3.47%	3.64%	6.31%	4.86%	4.27%	3.54%	4.39%
DEVDX Driehaus Event Driven Fund	16.48%	14.24%	1.35%	4.48%	1.49%	12.11%	3.48%	4.09%	3.57%	0.00%	1.20%	0.66%

Frequently Asked Questions

Can I hold both DAMDX and DEVDX in my portfolio?

DAMDX and DEVDX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.