DCREX vs. DCSVX
DCREX (Dunham Real Estate Stock Fund) and DCSVX (Dunham Small Cap Value Fund) are both mutual funds - DCREX is a REIT fund managed by Dunham, while DCSVX is a Small Cap Value Equities fund managed by Dunham. Over the past 10 years, DCREX returned 1.20%/yr vs 7.30%/yr for DCSVX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. DCREX charges 2.37%/yr vs 2.05%/yr for DCSVX.
Performance
DCREX vs. DCSVX - Performance Comparison
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Returns By Period
In the year-to-date period, DCREX achieves a 15.78% return, which is significantly lower than DCSVX's 24.22% return. Over the past 10 years, DCREX has underperformed DCSVX with an annualized return of 1.20%, while DCSVX has yielded a comparatively higher 7.30% annualized return.
DCREX
- 1D
- -0.07%
- 1M
- 1.03%
- 6M
- 13.01%
- YTD
- 15.78%
- 1Y
- 11.27%
- 3Y*
- 7.30%
- 5Y*
- -4.32%
- 10Y*
- 1.20%
- ALL TIME*
- 3.17%
DCSVX
- 1D
- 1.84%
- 1M
- 0.91%
- 6M
- 13.97%
- YTD
- 24.22%
- 1Y
- 39.39%
- 3Y*
- 9.29%
- 5Y*
- 6.19%
- 10Y*
- 7.30%
- ALL TIME*
- 5.32%
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. DCSVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCREX Dunham Real Estate Stock Fund | 15.78% | -6.83% | 6.05% | 12.43% | -40.12% | 8.93% | 19.66% | 26.09% | -7.29% | 3.20% |
DCSVX Dunham Small Cap Value Fund | 24.22% | 8.67% | -8.49% | 14.23% | -13.01% | 31.15% | -3.67% | 20.13% | -12.04% | 7.93% |
Correlation
The correlation between DCREX and DCSVX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2004 | 0.69 |
The correlation between DCREX and DCSVX shifts across timeframes, from 0.52 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DCREX vs. DCSVX — Risk / Return Rank
DCREX
DCSVX
DCREX vs. DCSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Real Estate Stock Fund (DCREX) and Dunham Small Cap Value Fund (DCSVX). 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 | DCSVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.43 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.95 | -2.32 |
| Martin ratioReturn relative to average drawdown | 3.86 | 15.00 | -11.14 |
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Drawdowns
DCREX vs. DCSVX - Drawdown Comparison
The maximum DCREX drawdown since its inception was -74.32%, which is greater than DCSVX's maximum drawdown of -62.83%. Use the drawdown chart below to compare losses from any high point for DCREX and DCSVX.
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Drawdown Indicators
| DCREX | DCSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.32% | -62.83% | -11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -10.55% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.95% | -37.13% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -49.40% | -37.13% | -12.27% |
Max Drawdown (10Y)Largest decline over 10 years | -49.40% | -46.71% | -2.69% |
Current DrawdownCurrent decline from peak | -26.87% | -0.55% | -26.32% |
Average DrawdownAverage peak-to-trough decline | -19.32% | -11.78% | -7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.77% | +0.53% |
Volatility
DCREX vs. DCSVX - Volatility Comparison
Dunham Real Estate Stock Fund (DCREX) and Dunham Small Cap Value Fund (DCSVX) have volatilities of 3.90% and 4.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCREX | DCSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 4.02% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 11.59% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 16.69% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 21.33% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 23.32% | -2.17% |
DCREX vs. DCSVX - Expense Ratio Comparison
DCREX has a 2.37% expense ratio, which is higher than DCSVX's 2.05% expense ratio.
Dividends
DCREX vs. DCSVX - Dividend Comparison
DCREX's dividend yield for the trailing twelve months is around 0.49%, less than DCSVX's 6.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCREX Dunham Real Estate Stock Fund | 0.49% | 0.56% | 0.00% | 1.72% | 0.00% | 7.09% | 8.26% | 7.31% | 1.07% | 0.80% | 20.50% | 10.54% |
DCSVX Dunham Small Cap Value Fund | 6.01% | 7.47% | 0.00% | 3.00% | 10.28% | 13.90% | 0.21% | 0.00% | 15.82% | 12.82% | 3.28% | 3.92% |
Frequently Asked Questions
DCREX and DCSVX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCSVX has higher volatility (4.02%) compared to DCREX (3.90%). In terms of maximum drawdown, DCREX dropped -74.32% vs DCSVX's -62.83%.
DCSVX currently has the higher Sharpe Ratio (2.50 vs 0.95), 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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