DCAIX vs. RWDIX
Compare and contrast key facts about Dunham Long/Short Credit Fund (DCAIX) and Redwood Managed Volatility Fund (RWDIX).
DCAIX is managed by Dunham Funds. It was launched on Dec 9, 2004. RWDIX is managed by Redwood. It was launched on Dec 18, 2013.
Performance
DCAIX vs. RWDIX - Performance Comparison
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DCAIX vs. RWDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCAIX Dunham Long/Short Credit Fund | 0.24% | 2.47% | 3.78% | 0.60% | -2.64% | 1.47% | 4.11% | 5.81% | 4.17% | 10.40% |
RWDIX Redwood Managed Volatility Fund | -1.05% | 4.75% | 6.63% | 1.04% | -11.18% | 0.52% | -1.93% | 9.04% | -2.60% | 7.31% |
Returns By Period
In the year-to-date period, DCAIX achieves a 0.24% return, which is significantly higher than RWDIX's -1.05% return. Over the past 10 years, DCAIX has outperformed RWDIX with an annualized return of 3.62%, while RWDIX has yielded a comparatively lower 2.03% annualized return.
DCAIX
- 1D
- 0.12%
- 1M
- -0.00%
- YTD
- 0.24%
- 6M
- 0.66%
- 1Y
- 1.99%
- 3Y*
- 3.22%
- 5Y*
- 1.01%
- 10Y*
- 3.62%
RWDIX
- 1D
- 0.11%
- 1M
- -1.67%
- YTD
- -1.05%
- 6M
- 0.07%
- 1Y
- 2.84%
- 3Y*
- 3.23%
- 5Y*
- 0.01%
- 10Y*
- 2.03%
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DCAIX vs. RWDIX - Expense Ratio Comparison
DCAIX has a 1.98% expense ratio, which is higher than RWDIX's 1.56% expense ratio.
Return for Risk
DCAIX vs. RWDIX — Risk / Return Rank
DCAIX
RWDIX
DCAIX vs. RWDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Long/Short Credit Fund (DCAIX) and Redwood Managed Volatility Fund (RWDIX). 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 | RWDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.14 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.45 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.26 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.95 | +1.53 |
Martin ratioReturn relative to average drawdown | 14.20 | 2.75 | +11.45 |
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 | RWDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.14 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.00 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.47 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.41 | -0.16 |
Correlation
The correlation between DCAIX and RWDIX is 0.18, 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
DCAIX vs. RWDIX - Dividend Comparison
DCAIX's dividend yield for the trailing twelve months is around 3.44%, less than RWDIX's 5.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCAIX Dunham Long/Short Credit Fund | 3.44% | 3.79% | 3.72% | 4.04% | 2.63% | 2.25% | 2.39% | 2.27% | 1.31% | 1.33% | 2.28% | 5.72% |
RWDIX Redwood Managed Volatility Fund | 5.09% | 4.90% | 5.82% | 7.60% | 0.47% | 6.36% | 5.42% | 3.59% | 2.59% | 5.52% | 5.14% | 1.17% |
Drawdowns
DCAIX vs. RWDIX - Drawdown Comparison
The maximum DCAIX drawdown since its inception was -46.34%, which is greater than RWDIX's maximum drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for DCAIX and RWDIX.
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Drawdown Indicators
| DCAIX | RWDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -16.69% | -29.65% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -2.61% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -16.10% | +10.65% |
Max Drawdown (10Y)Largest decline over 10 years | -6.53% | -16.69% | +10.16% |
Current DrawdownCurrent decline from peak | -0.10% | -2.79% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -4.47% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.15% | 0.90% | -0.75% |
Volatility
DCAIX vs. RWDIX - Volatility Comparison
The current volatility for Dunham Long/Short Credit Fund (DCAIX) is 0.30%, while Redwood Managed Volatility Fund (RWDIX) has a volatility of 1.02%. This indicates that DCAIX experiences smaller price fluctuations and is considered to be less risky than RWDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCAIX | RWDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 1.02% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 1.52% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 2.53% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 4.67% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.07% | 4.32% | -0.25% |