Correlation
The correlation between DCAIX and FXAIX is 0.46, 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.
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 managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DCAIX or FXAIX.
Performance
DCAIX vs. FXAIX - Performance Comparison
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Key characteristics
DCAIX:
1.96
FXAIX:
0.75
DCAIX:
2.63
FXAIX:
1.07
DCAIX:
1.76
FXAIX:
1.15
DCAIX:
3.25
FXAIX:
0.72
DCAIX:
27.70
FXAIX:
2.73
DCAIX:
0.10%
FXAIX:
4.85%
DCAIX:
1.42%
FXAIX:
19.78%
DCAIX:
-51.02%
FXAIX:
-33.79%
DCAIX:
-0.24%
FXAIX:
-3.14%
Returns By Period
In the year-to-date period, DCAIX achieves a 0.59% return, which is significantly lower than FXAIX's 1.34% return. Over the past 10 years, DCAIX has underperformed FXAIX with an annualized return of 1.85%, while FXAIX has yielded a comparatively higher 12.68% annualized return.
DCAIX
0.59%
-0.00%
0.85%
2.76%
1.55%
1.59%
1.85%
FXAIX
1.34%
6.29%
-1.07%
14.76%
14.51%
16.00%
12.68%
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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.
Risk-Adjusted Performance
DCAIX vs. FXAIX — Risk-Adjusted Performance Rank
DCAIX
FXAIX
DCAIX vs. FXAIX - Risk-Adjusted Performance 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.
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Dividends
DCAIX vs. FXAIX - Dividend Comparison
DCAIX's dividend yield for the trailing twelve months is around 4.07%, more than FXAIX's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCAIX Dunham Long/Short Credit Fund | 4.07% | 4.12% | 4.03% | 2.65% | 2.25% | 2.39% | 2.26% | 1.31% | 1.34% | 2.29% | 5.72% | 20.20% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
DCAIX vs. FXAIX - Drawdown Comparison
The maximum DCAIX drawdown since its inception was -51.02%, 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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Volatility
DCAIX vs. FXAIX - Volatility Comparison
The current volatility for Dunham Long/Short Credit Fund (DCAIX) is 0.39%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.77%. 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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