DAMDX vs. VARBX
Compare and contrast key facts about Dunham Monthly Distribution Fund (DAMDX) and Vivaldi Merger Arbitrage Fund Class I (VARBX).
DAMDX is managed by Dunham. It was launched on Jul 31, 2008. VARBX is managed by First Trust. It was launched on Oct 1, 2015.
Performance
DAMDX vs. VARBX - Performance Comparison
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DAMDX vs. VARBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAMDX Dunham Monthly Distribution Fund | 0.61% | 7.93% | 5.29% | 4.06% | 0.57% | 0.12% | 0.44% | 5.54% | -1.01% | 4.08% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 0.85% | 6.06% | 12.64% | 3.30% | 2.38% | 5.42% | 4.00% | 4.28% | 4.11% | 2.39% |
Returns By Period
In the year-to-date period, DAMDX achieves a 0.61% return, which is significantly lower than VARBX's 0.85% return. Over the past 10 years, DAMDX has underperformed VARBX with an annualized return of 3.04%, while VARBX has yielded a comparatively higher 4.45% annualized return.
DAMDX
- 1D
- -0.41%
- 1M
- -0.55%
- YTD
- 0.61%
- 6M
- 2.45%
- 1Y
- 7.51%
- 3Y*
- 5.76%
- 5Y*
- 3.33%
- 10Y*
- 3.04%
VARBX
- 1D
- 0.09%
- 1M
- 0.47%
- YTD
- 0.85%
- 6M
- 2.21%
- 1Y
- 5.56%
- 3Y*
- 7.36%
- 5Y*
- 5.39%
- 10Y*
- 4.45%
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DAMDX vs. VARBX - Expense Ratio Comparison
DAMDX has a 2.38% expense ratio, which is higher than VARBX's 1.81% expense ratio.
Return for Risk
DAMDX vs. VARBX — Risk / Return Rank
DAMDX
VARBX
DAMDX vs. VARBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Monthly Distribution Fund (DAMDX) and Vivaldi Merger Arbitrage Fund Class I (VARBX). 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 | VARBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.79 | 4.06 | -1.26 |
Sortino ratioReturn per unit of downside risk | 4.91 | 6.90 | -1.99 |
Omega ratioGain probability vs. loss probability | 1.81 | 2.36 | -0.55 |
Calmar ratioReturn relative to maximum drawdown | 4.77 | 8.71 | -3.95 |
Martin ratioReturn relative to average drawdown | 35.45 | 37.63 | -2.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DAMDX | VARBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 4.06 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.64 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 1.33 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 1.40 | -1.54 |
Correlation
The correlation between DAMDX and VARBX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DAMDX vs. VARBX - Dividend Comparison
DAMDX's dividend yield for the trailing twelve months is around 7.08%, more than VARBX's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAMDX Dunham Monthly Distribution Fund | 7.08% | 7.83% | 8.84% | 8.77% | 5.35% | 3.47% | 3.64% | 6.31% | 4.86% | 4.27% | 3.54% | 4.39% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 5.99% | 6.04% | 12.59% | 4.07% | 0.75% | 8.42% | 0.81% | 5.54% | 2.15% | 1.70% | 0.06% | 0.04% |
Drawdowns
DAMDX vs. VARBX - Drawdown Comparison
The maximum DAMDX drawdown since its inception was -69.68%, which is greater than VARBX's maximum drawdown of -5.12%. Use the drawdown chart below to compare losses from any high point for DAMDX and VARBX.
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Drawdown Indicators
| DAMDX | VARBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.68% | -5.12% | -64.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.56% | -0.64% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -8.44% | -1.79% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -8.44% | -5.12% | -3.32% |
Current DrawdownCurrent decline from peak | -35.88% | 0.00% | -35.88% |
Average DrawdownAverage peak-to-trough decline | -48.86% | -0.57% | -48.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.15% | +0.06% |
Volatility
DAMDX vs. VARBX - Volatility Comparison
Dunham Monthly Distribution Fund (DAMDX) has a higher volatility of 0.56% compared to Vivaldi Merger Arbitrage Fund Class I (VARBX) at 0.33%. This indicates that DAMDX's price experiences larger fluctuations and is considered to be riskier than VARBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAMDX | VARBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 0.33% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 0.71% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.69% | 1.35% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.34% | 3.31% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 3.35% | +0.67% |