DCAIX vs. FXAIX
Compare and contrast key facts about Dunham Long/Short Credit Fund (DCAIX) and Fidelity 500 Index Fund (FXAIX).
DCAIX is managed by Dunham Funds. It was launched on Dec 9, 2004. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
DCAIX vs. FXAIX - Performance Comparison
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DCAIX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCAIX Dunham Long/Short Credit Fund | -0.12% | 2.47% | 3.78% | 0.60% | -2.64% | 1.47% | 4.11% | 5.81% | 4.17% | 10.40% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, DCAIX achieves a -0.12% return, which is significantly higher than FXAIX's -4.34% return. Over the past 10 years, DCAIX has underperformed FXAIX with an annualized return of 3.58%, while FXAIX has yielded a comparatively higher 14.08% annualized return.
DCAIX
- 1D
- -0.36%
- 1M
- -0.36%
- YTD
- -0.12%
- 6M
- 0.29%
- 1Y
- 1.61%
- 3Y*
- 3.10%
- 5Y*
- 0.93%
- 10Y*
- 3.58%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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DCAIX vs. FXAIX - Expense Ratio Comparison
DCAIX has a 1.98% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
DCAIX vs. FXAIX — Risk / Return Rank
DCAIX
FXAIX
DCAIX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Long/Short Credit Fund (DCAIX) and Fidelity 500 Index Fund (FXAIX). 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.
| DCAIX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.97 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.49 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.52 | +0.40 |
Martin ratioReturn relative to average drawdown | 10.77 | 7.30 | +3.47 |
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
| DCAIX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.97 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.70 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.78 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.76 | -0.52 |
Correlation
The correlation between DCAIX and FXAIX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DCAIX vs. FXAIX - Dividend Comparison
DCAIX's dividend yield for the trailing twelve months is around 3.45%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCAIX Dunham Long/Short Credit Fund | 3.45% | 3.79% | 3.72% | 4.04% | 2.63% | 2.25% | 2.39% | 2.27% | 1.31% | 1.33% | 2.28% | 5.72% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
DCAIX vs. FXAIX - Drawdown Comparison
The maximum DCAIX drawdown since its inception was -46.34%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for DCAIX and FXAIX.
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Drawdown Indicators
| DCAIX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -33.79% | -12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -12.13% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -24.50% | +19.05% |
Max Drawdown (10Y)Largest decline over 10 years | -6.53% | -33.79% | +27.26% |
Current DrawdownCurrent decline from peak | -0.46% | -6.23% | +5.77% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -3.83% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.15% | 2.53% | -2.38% |
Volatility
DCAIX vs. FXAIX - Volatility Comparison
The current volatility for Dunham Long/Short Credit Fund (DCAIX) is 0.48%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 5.34%. This indicates that DCAIX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCAIX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 5.34% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 9.53% | -8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 18.32% | -16.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 16.92% | -15.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.07% | 18.05% | -13.98% |