DCHYX vs. DCDGX
DCHYX (Dunham High Yield Bond Fund) and DCDGX (Dunham Small Cap Growth Fund) are both mutual funds - DCHYX is a High Yield Bonds fund managed by Dunham, while DCDGX is a Small Cap Growth Equities fund managed by Dunham. Over the past 10 years, DCHYX returned 4.19%/yr vs 12.24%/yr for DCDGX. Their 0.28 correlation means their historical movements had little consistent relationship. DCHYX charges 1.92%/yr vs 2.83%/yr for DCDGX.
Performance
DCHYX vs. DCDGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DCHYX achieves a 0.71% return, which is significantly lower than DCDGX's 16.68% return. Over the past 10 years, DCHYX has underperformed DCDGX with an annualized return of 4.19%, while DCDGX has yielded a comparatively higher 12.24% annualized return.
DCHYX
- 1D
- 0.24%
- 1M
- -0.82%
- 6M
- 0.34%
- YTD
- 0.71%
- 1Y
- 3.42%
- 3Y*
- 6.47%
- 5Y*
- 3.18%
- 10Y*
- 4.19%
- ALL TIME*
- 3.35%
DCDGX
- 1D
- 2.40%
- 1M
- -3.60%
- 6M
- 9.45%
- YTD
- 16.68%
- 1Y
- 30.12%
- 3Y*
- 15.37%
- 5Y*
- 2.23%
- 10Y*
- 12.24%
- ALL TIME*
- 7.94%
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 |
DCHYX vs. DCDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCHYX Dunham High Yield Bond Fund | 0.71% | 6.74% | 5.42% | 13.87% | -10.93% | 4.22% | 6.92% | 13.64% | -4.88% | 5.92% |
DCDGX Dunham Small Cap Growth Fund | 16.68% | 11.14% | 13.01% | 20.48% | -33.69% | 4.19% | 67.17% | 23.96% | -4.54% | 28.81% |
Correlation
The correlation between DCHYX and DCDGX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2005 | 0.28 |
Over the past year, DCHYX and DCDGX have become more correlated (0.58) than their long-term average of 0.28, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DCHYX vs. DCDGX — Risk / Return Rank
DCHYX
DCDGX
DCHYX vs. DCDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham High Yield Bond Fund (DCHYX) and Dunham Small Cap Growth Fund (DCDGX). 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.
| DCHYX | DCDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.46 | -0.82 |
| Martin ratioReturn relative to average drawdown | 7.27 | 8.70 | -1.42 |
Loading charts...
Drawdowns
DCHYX vs. DCDGX - Drawdown Comparison
The maximum DCHYX drawdown since its inception was -33.54%, smaller than the maximum DCDGX drawdown of -56.02%. Use the drawdown chart below to compare losses from any high point for DCHYX and DCDGX.
Loading charts...
Drawdown Indicators
| DCHYX | DCDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.54% | -56.02% | +22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -13.42% | +11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -27.95% | +22.99% |
Max Drawdown (5Y)Largest decline over 5 years | -15.01% | -48.05% | +33.04% |
Max Drawdown (10Y)Largest decline over 10 years | -18.26% | -48.05% | +29.79% |
Current DrawdownCurrent decline from peak | -0.93% | -6.76% | +5.83% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -14.84% | +11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 3.78% | -3.28% |
Volatility
DCHYX vs. DCDGX - Volatility Comparison
The current volatility for Dunham High Yield Bond Fund (DCHYX) is 0.78%, while Dunham Small Cap Growth Fund (DCDGX) has a volatility of 7.30%. This indicates that DCHYX experiences smaller price fluctuations and is considered to be less risky than DCDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DCHYX | DCDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 7.30% | -6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 18.78% | -16.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 23.62% | -20.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 25.97% | -21.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 24.91% | -19.79% |
DCHYX vs. DCDGX - Expense Ratio Comparison
DCHYX has a 1.92% expense ratio, which is lower than DCDGX's 2.83% expense ratio.
Dividends
DCHYX vs. DCDGX - Dividend Comparison
DCHYX's dividend yield for the trailing twelve months is around 4.95%, less than DCDGX's 5.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCDGX Dunham Small Cap Growth Fund | 5.78% | 6.74% | 0.00% | 0.00% | 0.00% | 29.30% | 22.33% | 2.06% | 38.51% | 20.51% | 0.00% | 11.22% |
DCHYX Dunham High Yield Bond Fund | 4.95% | 5.58% | 4.58% | 5.47% | 5.36% | 3.26% | 3.74% | 4.17% | 4.70% | 3.67% | 4.03% | 4.32% |
Frequently Asked Questions
DCHYX and DCDGX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCDGX has higher volatility (7.30%) compared to DCHYX (0.78%). In terms of maximum drawdown, DCHYX dropped -33.54% vs DCDGX's -56.02%.
DCDGX currently has the higher Sharpe Ratio (1.40 vs 1.37), 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.
Find the right allocation for DCHYX and DCDGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer