DCINX vs. GQJPX

Last updated Jun 24, 2026

DCINX (Dunham International Stock Fund) and GQJPX (GQG Partners International Quality Dividend Income Fund) are both Foreign Large Cap Equities funds. Over the past 3 years, DCINX returned 29.54%/yr vs 15.43%/yr for GQJPX. A 0.75 correlation means they provide meaningful diversification when combined. DCINX charges 2.92%/yr vs 0.91%/yr for GQJPX.

Performance

DCINX vs. GQJPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dunham International Stock Fund (DCINX) and GQG Partners International Quality Dividend Income Fund (GQJPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCINX achieves a 27.12% return, which is significantly higher than GQJPX's 3.84% return.

DCINX

• 1D: 0.65%
• 1M: 4.80%
• YTD: 27.12%
• 6M: 27.16%
• 1Y: 53.29%
• 3Y*: 29.54%
• 5Y*: 14.60%
• 10Y*: 13.40%

GQJPX

• 1D: -0.08%
• 1M: -4.45%
• YTD: 3.84%
• 6M: 4.00%
• 1Y: 12.62%
• 3Y*: 15.43%
• 5Y*: —
• 10Y*: —

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

DCINX vs. GQJPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DCINX Dunham International Stock Fund	27.12%	46.37%	7.65%	15.98%	-14.67%	-0.91%
GQJPX GQG Partners International Quality Dividend Income Fund	3.84%	24.88%	7.39%	18.06%	-10.50%	1.05%

Correlation

The correlation between DCINX and GQJPX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.75

Over the past year, the correlation between DCINX and GQJPX has dropped to 0.53 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

DCINX vs. GQJPX — Risk / Return Rank

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

DCINX

DCINX Risk / Return Rank: 92
DCINX Sharpe Ratio Rank: 96
DCINX Sortino Ratio Rank: 89
DCINX Omega Ratio Rank: 88
DCINX Calmar Ratio Rank: 92
DCINX Martin Ratio Rank: 93

GQJPX

GQJPX Risk / Return Rank: 20
GQJPX Sharpe Ratio Rank: 22
GQJPX Sortino Ratio Rank: 20
GQJPX Omega Ratio Rank: 22
GQJPX Calmar Ratio Rank: 20
GQJPX Martin Ratio Rank: 18

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.

DCINX vs. GQJPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dunham International Stock Fund (DCINX) and GQG Partners International Quality Dividend Income Fund (GQJPX). 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	GQJPX	Difference
Sharpe ratio: Return per unit of total volatility	3.22	1.25	+1.97
Sortino ratio: Return per unit of downside risk	4.04	1.75	+2.29
Omega ratio: Gain probability vs. loss probability	1.58	1.23	+0.35
Calmar ratio: Return relative to maximum drawdown	4.58	1.52	+3.06
Martin ratio: Return relative to average drawdown	17.98	4.37	+13.61

DCINX vs. GQJPX - Sharpe Ratio Comparison

The current DCINX Sharpe Ratio is 3.22, which is higher than the GQJPX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of DCINX and GQJPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DCINX vs. GQJPX - Drawdown Comparison

The maximum DCINX drawdown since its inception was -61.79%, which is greater than GQJPX's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for DCINX and GQJPX.

Drawdown Indicators

	DCINX	GQJPX	Difference
Max Drawdown Largest peak-to-trough decline	-61.79%	-21.83%	-39.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.91%	-8.56%	-3.35%
Max Drawdown (3Y) Largest decline over 3 years	-13.74%	-9.45%	-4.29%
Max Drawdown (5Y) Largest decline over 5 years	-31.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.28%	—	—
Current Drawdown Current decline from peak	0.00%	-7.31%	+7.31%
Average Drawdown Average peak-to-trough decline	-12.82%	-5.52%	-7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	2.97%	+0.06%

Volatility

DCINX vs. GQJPX - Volatility Comparison

Dunham International Stock Fund (DCINX) has a higher volatility of 7.12% compared to GQG Partners International Quality Dividend Income Fund (GQJPX) at 3.02%. This indicates that DCINX's price experiences larger fluctuations and is considered to be riskier than GQJPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCINX	GQJPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	3.02%	+4.10%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	8.53%	+6.29%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	10.48%	+6.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	12.95%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	12.95%	+3.63%

DCINX vs. GQJPX - Expense Ratio Comparison

DCINX has a 2.92% expense ratio, which is higher than GQJPX's 0.91% expense ratio.

Dividends

DCINX vs. GQJPX - Dividend Comparison

DCINX's dividend yield for the trailing twelve months is around 8.61%, more than GQJPX's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DCINX Dunham International Stock Fund	8.61%	10.95%	13.87%	3.45%	3.53%	15.49%	1.36%	1.54%	6.92%	3.92%
GQJPX GQG Partners International Quality Dividend Income Fund	4.00%	3.22%	3.35%	4.50%	5.59%	1.75%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DCINX and GQJPX in my portfolio?

DCINX and GQJPX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DCINX or GQJPX?

DCINX has higher volatility (7.12%) compared to GQJPX (3.02%). In terms of maximum drawdown, DCINX dropped -61.79% vs GQJPX's -21.83%.

Which has better risk-adjusted returns?

DCINX currently has the higher Sharpe Ratio (3.22 vs 1.25), 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.