DCAIX vs. DAMDX
DCAIX (Dunham Long/Short Credit Fund) and DAMDX (Dunham Monthly Distribution Fund) are both mutual funds - DCAIX is a Nontraditional Bonds fund managed by Dunham, while DAMDX is a Event Driven fund managed by Dunham. Over the past 10 years, DCAIX returned 3.20%/yr vs 3.05%/yr for DAMDX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. DCAIX charges 1.98%/yr vs 2.38%/yr for DAMDX.
Performance
DCAIX vs. DAMDX - Performance Comparison
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Returns By Period
In the year-to-date period, DCAIX achieves a 0.80% return, which is significantly lower than DAMDX's 1.32% return. Both investments have delivered pretty close results over the past 10 years, with DCAIX having a 3.20% annualized return and DAMDX not far behind at 3.05%.
DCAIX
- 1D
- -0.36%
- 1M
- -0.49%
- 6M
- 0.46%
- YTD
- 0.80%
- 1Y
- 1.58%
- 3Y*
- 2.83%
- 5Y*
- 0.98%
- 10Y*
- 3.20%
- ALL TIME*
- 2.67%
DAMDX
- 1D
- 0.12%
- 1M
- -0.48%
- 6M
- 1.12%
- YTD
- 1.32%
- 1Y
- 4.04%
- 3Y*
- 5.58%
- 5Y*
- 4.04%
- 10Y*
- 3.05%
- ALL TIME*
- -1.59%
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 |
DCAIX vs. DAMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCAIX Dunham Long/Short Credit Fund | 0.80% | 2.47% | 3.78% | 0.60% | -2.64% | 1.47% | 4.11% | 5.81% | 4.17% | 10.40% |
DAMDX Dunham Monthly Distribution Fund | 1.32% | 7.93% | 5.29% | 4.06% | 0.57% | 0.12% | 0.44% | 5.54% | -1.01% | 4.08% |
Correlation
The correlation between DCAIX and DAMDX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2004 | 0.52 |
Over the past year, the correlation between DCAIX and DAMDX has dropped to 0.01 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
DCAIX vs. DAMDX — Risk / Return Rank
DCAIX
DAMDX
DCAIX vs. DAMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Long/Short Credit Fund (DCAIX) and Dunham Monthly Distribution Fund (DAMDX). 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.
| DCAIX | DAMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.46 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.32 | +0.19 |
| Martin ratioReturn relative to average drawdown | 12.94 | 13.73 | -0.79 |
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Drawdowns
DCAIX vs. DAMDX - Drawdown Comparison
The maximum DCAIX drawdown since its inception was -46.34%, smaller than the maximum DAMDX drawdown of -69.68%. Use the drawdown chart below to compare losses from any high point for DCAIX and DAMDX.
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Drawdown Indicators
| DCAIX | DAMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -69.68% | +23.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.49% | -1.17% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -0.85% | -1.89% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -5.22% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -6.53% | -8.44% | +1.91% |
Current DrawdownCurrent decline from peak | -0.49% | -35.43% | +34.94% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -48.67% | +42.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.28% | -0.15% |
Volatility
DCAIX vs. DAMDX - Volatility Comparison
The current volatility for Dunham Long/Short Credit Fund (DCAIX) is 0.42%, while Dunham Monthly Distribution Fund (DAMDX) has a volatility of 0.85%. This indicates that DCAIX experiences smaller price fluctuations and is considered to be less risky than DAMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCAIX | DAMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.85% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 1.68% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.07% | 1.87% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 4.23% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 3.95% | -0.16% |
DCAIX vs. DAMDX - Expense Ratio Comparison
DCAIX has a 1.98% expense ratio, which is lower than DAMDX's 2.38% expense ratio.
Dividends
DCAIX vs. DAMDX - Dividend Comparison
DCAIX's dividend yield for the trailing twelve months is around 3.30%, less than DAMDX's 7.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DCAIX Dunham Long/Short Credit Fund | 3.30% | 3.79% | 3.72% | 4.04% | 2.63% | 2.25% | 2.39% | 2.27% | 1.31% | 1.33% | 2.28% | 5.72% |
Frequently Asked Questions
DCAIX and DAMDX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAMDX has higher volatility (0.85%) compared to DCAIX (0.42%). In terms of maximum drawdown, DCAIX dropped -46.34% vs DAMDX's -69.68%.
DAMDX currently has the higher Sharpe Ratio (2.08 vs 1.60), 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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