DCLVX vs. FBLEX
DCLVX (Dunham Large Cap Value Fund) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, DCLVX returned 9.96%/yr vs 12.40%/yr for FBLEX. With a 0.97 correlation, they move nearly in lockstep. DCLVX charges 2.10%/yr vs 0.01%/yr for FBLEX.
Performance
DCLVX vs. FBLEX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DCLVX having a 10.65% return and FBLEX slightly lower at 10.21%. Over the past 10 years, DCLVX has underperformed FBLEX with an annualized return of 9.96%, while FBLEX has yielded a comparatively higher 12.40% annualized return.
DCLVX
- 1D
- 0.32%
- 1M
- 1.48%
- YTD
- 10.65%
- 6M
- 9.91%
- 1Y
- 24.45%
- 3Y*
- 14.74%
- 5Y*
- 8.99%
- 10Y*
- 9.96%
FBLEX
- 1D
- -0.13%
- 1M
- 1.97%
- YTD
- 10.21%
- 6M
- 9.61%
- 1Y
- 23.97%
- 3Y*
- 19.60%
- 5Y*
- 12.48%
- 10Y*
- 12.40%
DCLVX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCLVX Dunham Large Cap Value Fund | 10.65% | 16.84% | 9.49% | 8.41% | -9.05% | 27.52% | 1.41% | 24.85% | -9.78% | 14.06% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.21% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.04% | 12.38% |
Correlation
The correlation between DCLVX and FBLEX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012 | 0.97 |
The correlation between DCLVX and FBLEX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
DCLVX vs. FBLEX — Risk / Return Rank
DCLVX
FBLEX
DCLVX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Large Cap Value Fund (DCLVX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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.
| DCLVX | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 3.63 | -0.24 |
| Martin ratioReturn relative to average drawdown | 14.55 | 14.62 | -0.07 |
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Drawdowns
DCLVX vs. FBLEX - Drawdown Comparison
The maximum DCLVX drawdown since its inception was -58.91%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for DCLVX and FBLEX.
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Drawdown Indicators
| DCLVX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.91% | -39.73% | -19.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.44% | -6.89% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.02% | -14.71% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.16% | -19.00% | -1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -36.96% | -39.73% | +2.77% |
Current DrawdownCurrent decline from peak | -0.23% | -0.77% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -3.81% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.70% | +0.03% |
Volatility
DCLVX vs. FBLEX - Volatility Comparison
Dunham Large Cap Value Fund (DCLVX) has a higher volatility of 3.52% compared to Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) at 3.35%. This indicates that DCLVX's price experiences larger fluctuations and is considered to be riskier than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCLVX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 3.35% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 8.21% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 10.83% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 14.79% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 17.41% | -0.31% |
DCLVX vs. FBLEX - Expense Ratio Comparison
DCLVX has a 2.10% expense ratio, which is higher than FBLEX's 0.01% expense ratio.
Dividends
DCLVX vs. FBLEX - Dividend Comparison
DCLVX's dividend yield for the trailing twelve months is around 4.33%, less than FBLEX's 10.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCLVX Dunham Large Cap Value Fund | 4.33% | 4.80% | 0.00% | 5.01% | 2.30% | 6.51% | 0.31% | 2.88% | 4.61% | 1.15% | 0.95% | 36.28% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.08% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
Frequently Asked Questions
With a correlation of 0.94, DCLVX and FBLEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DCLVX has higher volatility (3.52%) compared to FBLEX (3.35%). In terms of maximum drawdown, DCLVX dropped -58.91% vs FBLEX's -39.73%.
FBLEX currently has the higher Sharpe Ratio (2.31 vs 2.29), 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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