DCREX vs. DAFGX
DCREX (Dunham Real Estate Stock Fund) and DAFGX (Dunham Focused Large Cap Growth Fund) are both mutual funds - DCREX is a REIT fund managed by Dunham, while DAFGX is a Large Cap Growth Equities fund managed by Dunham. Over the past 10 years, DCREX returned 1.01%/yr vs 11.98%/yr for DAFGX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. DCREX charges 2.37%/yr vs 1.37%/yr for DAFGX.
Performance
DCREX vs. DAFGX - Performance Comparison
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Returns By Period
In the year-to-date period, DCREX achieves a 16.96% return, which is significantly higher than DAFGX's -2.60% return. Over the past 10 years, DCREX has underperformed DAFGX with an annualized return of 1.01%, while DAFGX has yielded a comparatively higher 11.98% annualized return.
DCREX
- 1D
- -0.72%
- 1M
- 2.06%
- 6M
- 13.79%
- YTD
- 16.96%
- 1Y
- 13.87%
- 3Y*
- 6.70%
- 5Y*
- -4.35%
- 10Y*
- 1.01%
- ALL TIME*
- 3.22%
DAFGX
- 1D
- 3.25%
- 1M
- -4.22%
- 6M
- 2.49%
- YTD
- -2.60%
- 1Y
- -5.81%
- 3Y*
- 5.94%
- 5Y*
- 0.72%
- 10Y*
- 11.98%
- ALL TIME*
- 11.78%
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 |
DCREX vs. DAFGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCREX Dunham Real Estate Stock Fund | 16.96% | -6.83% | 6.05% | 12.43% | -40.12% | 8.93% | 19.66% | 26.09% | -7.29% | 3.20% |
DAFGX Dunham Focused Large Cap Growth Fund | -2.60% | 1.72% | 11.42% | 54.81% | -38.96% | 13.01% | 49.42% | 35.17% | 9.80% | 26.10% |
Correlation
The correlation between DCREX and DAFGX is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2011 | 0.52 |
Over the past year, the correlation between DCREX and DAFGX has dropped to 0.08 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
DCREX vs. DAFGX — Risk / Return Rank
DCREX
DAFGX
DCREX vs. DAFGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Real Estate Stock Fund (DCREX) and Dunham Focused Large Cap Growth Fund (DAFGX). 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.
| DCREX | DAFGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.95 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.30 | +1.71 |
| Martin ratioReturn relative to average drawdown | 3.37 | -0.66 | +4.03 |
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Drawdowns
DCREX vs. DAFGX - Drawdown Comparison
The maximum DCREX drawdown since its inception was -74.32%, which is greater than DAFGX's maximum drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for DCREX and DAFGX.
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Drawdown Indicators
| DCREX | DAFGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.32% | -47.69% | -26.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -27.70% | +19.84% |
Max Drawdown (3Y)Largest decline over 3 years | -24.95% | -34.81% | +9.86% |
Max Drawdown (5Y)Largest decline over 5 years | -49.40% | -47.69% | -1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -49.40% | -47.69% | -1.71% |
Current DrawdownCurrent decline from peak | -26.13% | -17.92% | -8.21% |
Average DrawdownAverage peak-to-trough decline | -19.31% | -9.61% | -9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 12.63% | -9.29% |
Volatility
DCREX vs. DAFGX - Volatility Comparison
The current volatility for Dunham Real Estate Stock Fund (DCREX) is 3.91%, while Dunham Focused Large Cap Growth Fund (DAFGX) has a volatility of 7.02%. This indicates that DCREX experiences smaller price fluctuations and is considered to be less risky than DAFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCREX | DAFGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 7.02% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 17.33% | -7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 21.16% | -7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 26.49% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 25.53% | -4.38% |
DCREX vs. DAFGX - Expense Ratio Comparison
DCREX has a 2.37% expense ratio, which is higher than DAFGX's 1.37% expense ratio.
Dividends
DCREX vs. DAFGX - Dividend Comparison
DCREX's dividend yield for the trailing twelve months is around 0.48%, less than DAFGX's 16.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFGX Dunham Focused Large Cap Growth Fund | 16.95% | 16.51% | 0.00% | 2.40% | 0.00% | 8.61% | 2.31% | 3.33% | 8.90% | 0.95% | 0.00% | 0.58% |
DCREX Dunham Real Estate Stock Fund | 0.48% | 0.56% | 0.00% | 1.72% | 0.00% | 7.09% | 8.26% | 7.31% | 1.07% | 0.80% | 20.50% | 10.54% |
Frequently Asked Questions
DCREX and DAFGX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAFGX has higher volatility (7.02%) compared to DCREX (3.91%). In terms of maximum drawdown, DCREX dropped -74.32% vs DAFGX's -47.69%.
DCREX currently has the higher Sharpe Ratio (0.82 vs -0.40), 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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