DCHYX vs. FOCIX
Compare and contrast key facts about Dunham High Yield Bond Fund (DCHYX) and Fairholme Focused Income Fund (FOCIX).
DCHYX is managed by Dunham. It was launched on Jul 1, 2005. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
DCHYX vs. FOCIX - Performance Comparison
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DCHYX vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCHYX Dunham High Yield Bond Fund | -1.31% | 6.74% | 5.42% | 13.87% | -10.93% | 4.22% | 6.92% | 13.64% | -4.88% | 5.92% |
FOCIX Fairholme Focused Income Fund | 6.09% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Returns By Period
In the year-to-date period, DCHYX achieves a -1.31% return, which is significantly lower than FOCIX's 6.09% return. Over the past 10 years, DCHYX has underperformed FOCIX with an annualized return of 4.52%, while FOCIX has yielded a comparatively higher 8.16% annualized return.
DCHYX
- 1D
- 0.00%
- 1M
- -1.62%
- YTD
- -1.31%
- 6M
- -0.57%
- 1Y
- 5.13%
- 3Y*
- 7.00%
- 5Y*
- 3.09%
- 10Y*
- 4.52%
FOCIX
- 1D
- -0.78%
- 1M
- -0.78%
- YTD
- 6.09%
- 6M
- 5.89%
- 1Y
- 8.09%
- 3Y*
- 11.48%
- 5Y*
- 9.76%
- 10Y*
- 8.16%
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DCHYX vs. FOCIX - Expense Ratio Comparison
DCHYX has a 1.92% expense ratio, which is higher than FOCIX's 1.00% expense ratio.
Return for Risk
DCHYX vs. FOCIX — Risk / Return Rank
DCHYX
FOCIX
DCHYX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham High Yield Bond Fund (DCHYX) and Fairholme Focused Income Fund (FOCIX). 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.
| DCHYX | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.88 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.04 | 1.25 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.10 | +0.45 |
Martin ratioReturn relative to average drawdown | 7.03 | 4.45 | +2.59 |
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
| DCHYX | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.88 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.01 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.89 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.79 | -0.07 |
Correlation
The correlation between DCHYX and FOCIX is 0.31, 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
DCHYX vs. FOCIX - Dividend Comparison
DCHYX's dividend yield for the trailing twelve months is around 5.09%, more than FOCIX's 1.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCHYX Dunham High Yield Bond Fund | 5.09% | 5.58% | 4.58% | 5.47% | 5.36% | 3.26% | 3.74% | 4.17% | 4.70% | 3.67% | 4.03% | 4.32% |
FOCIX Fairholme Focused Income Fund | 1.24% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Drawdowns
DCHYX vs. FOCIX - Drawdown Comparison
The maximum DCHYX drawdown since its inception was -33.54%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for DCHYX and FOCIX.
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Drawdown Indicators
| DCHYX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.54% | -18.78% | -14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -7.32% | +3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -15.01% | -12.36% | -2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -18.26% | -18.61% | +0.35% |
Current DrawdownCurrent decline from peak | -2.01% | -1.35% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.81% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.84% | -1.09% |
Volatility
DCHYX vs. FOCIX - Volatility Comparison
The current volatility for Dunham High Yield Bond Fund (DCHYX) is 1.23%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 2.33%. This indicates that DCHYX experiences smaller price fluctuations and is considered to be less risky than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCHYX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 2.33% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 5.68% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 9.27% | -5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 9.74% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 9.18% | -4.04% |