DGIFX vs. CMALX

Last updated Jul 17, 2026

DGIFX (Disciplined Growth Investors Fund) and CMALX (Crawford Multi-Asset Income Fund) are both Diversified Portfolio funds. Over the past 5 years, DGIFX returned 9.63%/yr vs 6.80%/yr for CMALX. A 0.58 correlation means they provide meaningful diversification when combined. DGIFX charges 0.78%/yr vs 1.00%/yr for CMALX.

Performance

DGIFX vs. CMALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Disciplined Growth Investors Fund (DGIFX) and Crawford Multi-Asset Income Fund (CMALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGIFX achieves a 13.57% return, which is significantly higher than CMALX's 8.89% return.

DGIFX

• 1D: -0.81%
• 1M: -0.41%
• 6M: 9.06%
• YTD: 13.57%
• 1Y: 16.83%
• 3Y*: 13.46%
• 5Y*: 9.63%
• 10Y*: 11.91%

CMALX

• 1D: -0.04%
• 1M: 1.57%
• 6M: 6.38%
• YTD: 8.89%
• 1Y: 10.78%
• 3Y*: 10.26%
• 5Y*: 6.80%
• 10Y*: —

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

DGIFX vs. CMALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGIFX Disciplined Growth Investors Fund	13.57%	3.54%	21.13%	33.10%	-18.35%	9.59%	24.07%	23.97%	-2.39%	7.42%
CMALX Crawford Multi-Asset Income Fund	8.89%	5.26%	11.36%	6.42%	-0.99%	15.89%	-7.01%	20.24%	-4.85%	0.14%

Correlation

The correlation between DGIFX and CMALX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017	0.58

Over the past year, the correlation between DGIFX and CMALX has dropped to 0.20 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

DGIFX vs. CMALX — Risk / Return Rank

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

DGIFX

DGIFX Risk / Return Rank: 24
DGIFX Sharpe Ratio Rank: 23
DGIFX Sortino Ratio Rank: 23
DGIFX Omega Ratio Rank: 22
DGIFX Calmar Ratio Rank: 28
DGIFX Martin Ratio Rank: 26

CMALX

CMALX Risk / Return Rank: 58
CMALX Sharpe Ratio Rank: 62
CMALX Sortino Ratio Rank: 66
CMALX Omega Ratio Rank: 56
CMALX Calmar Ratio Rank: 60
CMALX Martin Ratio Rank: 45

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.

DGIFX vs. CMALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Disciplined Growth Investors Fund (DGIFX) and Crawford Multi-Asset Income Fund (CMALX). 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.

	DGIFX	CMALX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.81	-0.74
Sortino ratio: Return per unit of downside risk	1.57	2.63	-1.07
Omega ratio: Gain probability vs. loss probability	1.19	1.32	-0.13
Calmar ratio: Return relative to maximum drawdown	1.60	2.47	-0.87
Martin ratio: Return relative to average drawdown	4.78	7.84	-3.05

DGIFX vs. CMALX - Sharpe Ratio Comparison

The current DGIFX Sharpe Ratio is 1.07, which is lower than the CMALX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of DGIFX and CMALX, 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

DGIFX vs. CMALX - Drawdown Comparison

The maximum DGIFX drawdown since its inception was -30.93%, smaller than the maximum CMALX drawdown of -39.04%. Use the drawdown chart below to compare losses from any high point for DGIFX and CMALX.

Drawdown Indicators

	DGIFX	CMALX	Difference
Max Drawdown Largest peak-to-trough decline	-30.93%	-39.04%	+8.11%
Max Drawdown (1Y) Largest decline over 1 year	-10.91%	-4.49%	-6.42%
Max Drawdown (3Y) Largest decline over 3 years	-30.93%	-7.66%	-23.27%
Max Drawdown (5Y) Largest decline over 5 years	-30.93%	-12.68%	-18.25%
Max Drawdown (10Y) Largest decline over 10 years	-30.93%	—	—
Current Drawdown Current decline from peak	-3.30%	-0.36%	-2.94%
Average Drawdown Average peak-to-trough decline	-5.87%	-3.71%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	1.41%	+2.22%

Volatility

DGIFX vs. CMALX - Volatility Comparison

Disciplined Growth Investors Fund (DGIFX) has a higher volatility of 4.77% compared to Crawford Multi-Asset Income Fund (CMALX) at 2.48%. This indicates that DGIFX's price experiences larger fluctuations and is considered to be riskier than CMALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGIFX	CMALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	2.48%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	12.27%	4.78%	+7.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	6.18%	+10.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.24%	9.00%	+12.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.69%	12.60%	+6.09%

DGIFX vs. CMALX - Expense Ratio Comparison

DGIFX has a 0.78% expense ratio, which is lower than CMALX's 1.00% expense ratio.

Dividends

DGIFX vs. CMALX - Dividend Comparison

DGIFX's dividend yield for the trailing twelve months is around 7.28%, more than CMALX's 7.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMALX Crawford Multi-Asset Income Fund	7.15%	7.61%	3.94%	4.66%	4.93%	3.21%	3.67%	5.07%	4.87%	0.99%
DGIFX Disciplined Growth Investors Fund	7.28%	8.29%	20.95%	2.78%	2.21%	11.12%	10.09%	3.53%	3.74%	4.29%

Frequently Asked Questions

Can I hold both DGIFX and CMALX in my portfolio?

DGIFX and CMALX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGIFX or CMALX?

DGIFX has higher volatility (4.77%) compared to CMALX (2.48%). In terms of maximum drawdown, DGIFX dropped -30.93% vs CMALX's -39.04%.

Which has better risk-adjusted returns?

CMALX currently has the higher Sharpe Ratio (1.81 vs 1.07), 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.