DCAIX vs. GMODX
Compare and contrast key facts about Dunham Long/Short Credit Fund (DCAIX) and GMO Opportunistic Income Fund (GMODX).
DCAIX is managed by Dunham Funds. It was launched on Dec 9, 2004. GMODX is managed by GMO. It was launched on Oct 2, 2011.
Performance
DCAIX vs. GMODX - Performance Comparison
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DCAIX vs. GMODX - 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% |
GMODX GMO Opportunistic Income Fund | 1.11% | 6.47% | 6.11% | 7.07% | -2.09% | 2.83% | 3.34% | 3.83% | 4.01% | 6.41% |
Returns By Period
In the year-to-date period, DCAIX achieves a -0.12% return, which is significantly lower than GMODX's 1.11% return. Over the past 10 years, DCAIX has underperformed GMODX with an annualized return of 3.58%, while GMODX has yielded a comparatively higher 4.40% annualized return.
DCAIX
- 1D
- 0.00%
- 1M
- -0.24%
- YTD
- -0.12%
- 6M
- 0.29%
- 1Y
- 1.74%
- 3Y*
- 3.10%
- 5Y*
- 0.93%
- 10Y*
- 3.58%
GMODX
- 1D
- -0.04%
- 1M
- -0.16%
- YTD
- 1.11%
- 6M
- 2.36%
- 1Y
- 5.39%
- 3Y*
- 6.31%
- 5Y*
- 3.94%
- 10Y*
- 4.40%
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DCAIX vs. GMODX - Expense Ratio Comparison
DCAIX has a 1.98% expense ratio, which is higher than GMODX's 0.47% expense ratio.
Return for Risk
DCAIX vs. GMODX — Risk / Return Rank
DCAIX
GMODX
DCAIX vs. GMODX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Long/Short Credit Fund (DCAIX) and GMO Opportunistic Income Fund (GMODX). 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 | GMODX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 3.28 | -2.20 |
Sortino ratioReturn per unit of downside risk | 1.43 | 5.58 | -4.15 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.76 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 5.54 | -3.61 |
Martin ratioReturn relative to average drawdown | 10.63 | 25.73 | -15.10 |
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 | GMODX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 3.28 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.04 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 1.45 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.39 | -1.15 |
Correlation
The correlation between DCAIX and GMODX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DCAIX vs. GMODX - Dividend Comparison
DCAIX's dividend yield for the trailing twelve months is around 3.45%, less than GMODX's 5.44% 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% |
GMODX GMO Opportunistic Income Fund | 5.44% | 4.99% | 5.28% | 6.17% | 5.44% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% |
Drawdowns
DCAIX vs. GMODX - Drawdown Comparison
The maximum DCAIX drawdown since its inception was -46.34%, which is greater than GMODX's maximum drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for DCAIX and GMODX.
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Drawdown Indicators
| DCAIX | GMODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -8.79% | -37.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -0.98% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -5.79% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -6.53% | -8.79% | +2.26% |
Current DrawdownCurrent decline from peak | -0.46% | -0.37% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -0.71% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.15% | 0.21% | -0.06% |
Volatility
DCAIX vs. GMODX - Volatility Comparison
Dunham Long/Short Credit Fund (DCAIX) and GMO Opportunistic Income Fund (GMODX) have volatilities of 0.46% and 0.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCAIX | GMODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.46% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 1.04% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 1.64% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 3.82% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.07% | 3.04% | +1.03% |