DCSVX vs. FISVX

Last updated Apr 2, 2026

Compare and contrast key facts about Dunham Small Cap Value Fund (DCSVX) and Fidelity Small Cap Value Index Fund (FISVX).

DCSVX is managed by Dunham. It was launched on Dec 10, 2004. FISVX is managed by Fidelity. It was launched on Jul 11, 2019.

Performance

DCSVX vs. FISVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dunham Small Cap Value Fund (DCSVX) and Fidelity Small Cap Value Index Fund (FISVX). The values are adjusted to include any dividend payments, if applicable.

DCSVX vs. FISVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DCSVX Dunham Small Cap Value Fund	4.76%	8.67%	-8.49%	14.23%	-13.01%	31.15%	-3.67%	7.78%
FISVX Fidelity Small Cap Value Index Fund	4.93%	12.70%	8.16%	14.72%	-14.42%	28.26%	4.49%	9.54%

Returns By Period

The year-to-date returns for both investments are quite close, with DCSVX having a 4.76% return and FISVX slightly higher at 4.93%.

DCSVX

• 1D: 2.19%
• 1M: -5.32%
• YTD: 4.76%
• 6M: 7.80%
• 1Y: 25.25%
• 3Y*: 6.32%
• 5Y*: 2.26%
• 10Y*: 6.36%

FISVX

• 1D: 2.64%
• 1M: -4.39%
• YTD: 4.93%
• 6M: 7.81%
• 1Y: 28.12%
• 3Y*: 13.87%
• 5Y*: 5.57%
• 10Y*: —

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

DCSVX vs. FISVX - Expense Ratio Comparison

DCSVX has a 2.05% expense ratio, which is higher than FISVX's 0.05% expense ratio.

DCSVX

Dunham Small Cap Value Fund

FISVX

Fidelity Small Cap Value Index Fund

Return for Risk

DCSVX vs. FISVX — Risk / Return Rank

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

DCSVX

DCSVX Risk / Return Rank: 60
DCSVX Sharpe Ratio Rank: 59
DCSVX Sortino Ratio Rank: 61
DCSVX Omega Ratio Rank: 52
DCSVX Calmar Ratio Rank: 67
DCSVX Martin Ratio Rank: 60

FISVX

FISVX Risk / Return Rank: 74
FISVX Sharpe Ratio Rank: 71
FISVX Sortino Ratio Rank: 73
FISVX Omega Ratio Rank: 62
FISVX Calmar Ratio Rank: 82
FISVX Martin Ratio Rank: 80

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.

DCSVX vs. FISVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dunham Small Cap Value Fund (DCSVX) and Fidelity Small Cap Value Index Fund (FISVX). 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.

	DCSVX	FISVX	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.28	-0.10
Sortino ratio Return per unit of downside risk	1.72	1.86	-0.14
Omega ratio Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio Return relative to maximum drawdown	1.78	2.02	-0.24
Martin ratio Return relative to average drawdown	6.58	8.01	-1.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCSVX vs. FISVX - Sharpe Ratio Comparison

The current DCSVX Sharpe Ratio is 1.19, which is comparable to the FISVX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of DCSVX and FISVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DCSVX	FISVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.28	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.26	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.36	-0.16

Correlation

The correlation between DCSVX and FISVX is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DCSVX vs. FISVX - Dividend Comparison

DCSVX's dividend yield for the trailing twelve months is around 7.13%, more than FISVX's 2.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCSVX Dunham Small Cap Value Fund	7.13%	7.47%	0.00%	3.00%	10.28%	13.90%	0.21%	0.00%	15.82%	12.82%	3.28%	3.92%
FISVX Fidelity Small Cap Value Index Fund	2.08%	2.18%	1.70%	2.06%	3.69%	9.55%	1.33%	0.62%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DCSVX vs. FISVX - Drawdown Comparison

The maximum DCSVX drawdown since its inception was -62.83%, which is greater than FISVX's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for DCSVX and FISVX.

Drawdown Indicators

	DCSVX	FISVX	Difference
Max Drawdown Largest peak-to-trough decline	-62.83%	-44.66%	-18.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.82%	-13.82%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-37.13%	-26.50%	-10.63%
Max Drawdown (10Y) Largest decline over 10 years	-46.71%	—	—
Current Drawdown Current decline from peak	-9.59%	-5.37%	-4.22%
Average Drawdown Average peak-to-trough decline	-11.94%	-10.58%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	3.48%	+0.27%

Volatility

DCSVX vs. FISVX - Volatility Comparison

Dunham Small Cap Value Fund (DCSVX) and Fidelity Small Cap Value Index Fund (FISVX) have volatilities of 6.10% and 6.34%, 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.

Volatility by Period

	DCSVX	FISVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	6.34%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	12.62%	13.12%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	21.37%	22.07%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	21.82%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	26.96%	-3.60%