DCHYX vs. RSIIX

Last updated Jun 4, 2026

DCHYX (Dunham High Yield Bond Fund) and RSIIX (RiverPark Strategic Income Fund) are both High Yield Bonds funds. Over the past 10 years, DCHYX returned 4.54%/yr vs 5.27%/yr for RSIIX. At a 0.41 correlation, their price movements are largely independent. DCHYX charges 1.92%/yr vs 1.18%/yr for RSIIX.

Performance

DCHYX vs. RSIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dunham High Yield Bond Fund (DCHYX) and RiverPark Strategic Income Fund (RSIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCHYX achieves a 1.32% return, which is significantly lower than RSIIX's 1.81% return. Over the past 10 years, DCHYX has underperformed RSIIX with an annualized return of 4.54%, while RSIIX has yielded a comparatively higher 5.27% annualized return.

DCHYX

• 1D: 0.00%
• 1M: 0.77%
• YTD: 1.32%
• 6M: 1.70%
• 1Y: 6.37%
• 3Y*: 7.62%
• 5Y*: 3.41%
• 10Y*: 4.54%

RSIIX

• 1D: 0.00%
• 1M: 0.18%
• YTD: 1.81%
• 6M: 2.34%
• 1Y: 5.83%
• 3Y*: 7.23%
• 5Y*: 5.14%
• 10Y*: 5.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DCHYX vs. RSIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DCHYX Dunham High Yield Bond Fund	1.32%	6.74%	5.42%	13.87%	-10.93%	4.22%	6.92%	13.64%	-4.88%	5.92%
RSIIX RiverPark Strategic Income Fund	1.81%	6.04%	8.44%	9.59%	-3.31%	11.60%	3.42%	3.50%	1.36%	4.84%

Correlation

The correlation between DCHYX and RSIIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.41

Return for Risk

DCHYX vs. RSIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DCHYX

DCHYX Risk / Return Rank: 74
DCHYX Sharpe Ratio Rank: 75
DCHYX Sortino Ratio Rank: 82
DCHYX Omega Ratio Rank: 83
DCHYX Calmar Ratio Rank: 59
DCHYX Martin Ratio Rank: 73

RSIIX

RSIIX Risk / Return Rank: 68
RSIIX Sharpe Ratio Rank: 44
RSIIX Sortino Ratio Rank: 38
RSIIX Omega Ratio Rank: 88
RSIIX Calmar Ratio Rank: 73
RSIIX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DCHYX vs. RSIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dunham High Yield Bond Fund (DCHYX) and RiverPark Strategic Income Fund (RSIIX). 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	RSIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.94	+0.58
Sortino ratio: Return per unit of downside risk	3.88	2.55	+1.33
Omega ratio: Gain probability vs. loss probability	1.55	1.62	-0.06
Calmar ratio: Return relative to maximum drawdown	2.97	3.34	-0.38
Martin ratio: Return relative to average drawdown	13.84	22.60	-8.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCHYX vs. RSIIX - Sharpe Ratio Comparison

The current DCHYX Sharpe Ratio is 2.52, which is higher than the RSIIX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of DCHYX and RSIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DCHYX	RSIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	1.94	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	2.05	-1.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	1.84	-0.95
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.68	-0.93

Drawdowns

DCHYX vs. RSIIX - Drawdown Comparison

The maximum DCHYX drawdown since its inception was -33.54%, which is greater than RSIIX's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for DCHYX and RSIIX.

Drawdown Indicators

	DCHYX	RSIIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.54%	-15.55%	-17.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.24%	-1.79%	-0.45%
Max Drawdown (3Y) Largest decline over 3 years	-4.96%	-1.79%	-3.17%
Max Drawdown (5Y) Largest decline over 5 years	-15.01%	-5.61%	-9.40%
Max Drawdown (10Y) Largest decline over 10 years	-18.26%	-15.55%	-2.71%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.58%	-1.16%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.26%	+0.22%

Volatility

DCHYX vs. RSIIX - Volatility Comparison

Dunham High Yield Bond Fund (DCHYX) has a higher volatility of 0.94% compared to RiverPark Strategic Income Fund (RSIIX) at 0.54%. This indicates that DCHYX's price experiences larger fluctuations and is considered to be riskier than RSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCHYX	RSIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	0.54%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	2.11%	2.83%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	2.63%	3.08%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.78%	2.52%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.15%	2.88%	+2.27%

DCHYX vs. RSIIX - Expense Ratio Comparison

DCHYX has a 1.92% expense ratio, which is higher than RSIIX's 1.18% expense ratio.

Dividends

DCHYX vs. RSIIX - Dividend Comparison

DCHYX's dividend yield for the trailing twelve months is around 5.39%, less than RSIIX's 7.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCHYX Dunham High Yield Bond Fund	5.39%	5.58%	4.58%	5.47%	5.36%	3.26%	3.74%	4.17%	4.70%	3.67%	4.03%	4.32%
RSIIX RiverPark Strategic Income Fund	7.41%	7.75%	7.67%	7.61%	6.58%	5.12%	5.77%	4.84%	4.59%	4.98%	5.10%	6.57%

Frequently Asked Questions

Can I hold both DCHYX and RSIIX in my portfolio?

DCHYX and RSIIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DCHYX or RSIIX?

DCHYX has higher volatility (0.94%) compared to RSIIX (0.54%). In terms of maximum drawdown, DCHYX dropped -33.54% vs RSIIX's -15.55%.

Which has better risk-adjusted returns?

DCHYX currently has the higher Sharpe Ratio (2.52 vs 1.94), 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.