DCINX vs. DAFRX
DCINX (Dunham International Stock Fund) and DAFRX (Dunham Floating Rate Bond Fund) are both mutual funds - DCINX is a Foreign Large Cap Equities fund managed by Dunham, while DAFRX is a Bank Loan fund managed by Dunham. Over the past 10 years, DCINX returned 12.23%/yr vs 3.84%/yr for DAFRX. Their 0.31 correlation means their historical movements had little consistent relationship. DCINX charges 2.92%/yr vs 1.29%/yr for DAFRX.
Performance
DCINX vs. DAFRX - Performance Comparison
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Returns By Period
In the year-to-date period, DCINX achieves a 22.83% return, which is significantly higher than DAFRX's 1.75% return. Over the past 10 years, DCINX has outperformed DAFRX with an annualized return of 12.23%, while DAFRX has yielded a comparatively lower 3.84% annualized return.
DCINX
- 1D
- -0.17%
- 1M
- 0.21%
- 6M
- 13.44%
- YTD
- 22.83%
- 1Y
- 43.96%
- 3Y*
- 26.39%
- 5Y*
- 13.87%
- 10Y*
- 12.23%
- ALL TIME*
- 6.64%
DAFRX
- 1D
- -0.60%
- 1M
- -0.36%
- 6M
- 1.52%
- YTD
- 1.75%
- 1Y
- 2.93%
- 3Y*
- 6.39%
- 5Y*
- 5.01%
- 10Y*
- 3.84%
- ALL TIME*
- 3.35%
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 |
DCINX vs. DAFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCINX Dunham International Stock Fund | 22.83% | 46.37% | 7.65% | 15.98% | -14.67% | 9.70% | 19.86% | 18.14% | -14.27% | 24.40% |
DAFRX Dunham Floating Rate Bond Fund | 1.75% | 5.04% | 7.26% | 13.05% | -2.54% | 3.51% | -0.09% | 7.18% | -1.06% | 2.71% |
Correlation
The correlation between DCINX and DAFRX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.31 |
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Return for Risk
DCINX vs. DAFRX — Risk / Return Rank
DCINX
DAFRX
DCINX vs. DAFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham International Stock Fund (DCINX) and Dunham Floating Rate Bond Fund (DAFRX). 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.
| DCINX | DAFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 1.94 | +1.70 |
| Martin ratioReturn relative to average drawdown | 13.25 | 6.20 | +7.05 |
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Drawdowns
DCINX vs. DAFRX - Drawdown Comparison
The maximum DCINX drawdown since its inception was -61.79%, which is greater than DAFRX's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for DCINX and DAFRX.
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Drawdown Indicators
| DCINX | DAFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.79% | -19.42% | -42.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -1.45% | -10.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -3.34% | -10.40% |
Max Drawdown (5Y)Largest decline over 5 years | -31.18% | -7.08% | -24.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.28% | -19.42% | -17.86% |
Current DrawdownCurrent decline from peak | -3.37% | -0.72% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -12.77% | -0.96% | -11.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 0.45% | +2.82% |
Volatility
DCINX vs. DAFRX - Volatility Comparison
Dunham International Stock Fund (DCINX) has a higher volatility of 5.44% compared to Dunham Floating Rate Bond Fund (DAFRX) at 0.70%. This indicates that DCINX's price experiences larger fluctuations and is considered to be riskier than DAFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCINX | DAFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 0.70% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 1.44% | +14.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 1.79% | +16.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 2.26% | +13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 3.39% | +13.14% |
DCINX vs. DAFRX - Expense Ratio Comparison
DCINX has a 2.92% expense ratio, which is higher than DAFRX's 1.29% expense ratio.
Dividends
DCINX vs. DAFRX - Dividend Comparison
DCINX's dividend yield for the trailing twelve months is around 8.91%, more than DAFRX's 6.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFRX Dunham Floating Rate Bond Fund | 6.80% | 7.26% | 7.87% | 8.91% | 5.76% | 3.13% | 3.27% | 4.36% | 4.30% | 3.31% | 3.01% | 3.13% |
DCINX Dunham International Stock Fund | 8.91% | 10.95% | 13.87% | 3.45% | 3.53% | 15.49% | 1.36% | 1.54% | 6.92% | 3.92% | 0.00% | 0.00% |
Frequently Asked Questions
DCINX and DAFRX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCINX has higher volatility (5.44%) compared to DAFRX (0.70%). In terms of maximum drawdown, DCINX dropped -61.79% vs DAFRX's -19.42%.
DCINX currently has the higher Sharpe Ratio (2.41 vs 1.57), 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.
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