DLCFX vs. DGEFX

Last updated Jun 24, 2026

DLCFX (Destinations Large Cap Equity Fund) and DGEFX (Destinations Equity Income Fund) are both mutual funds - DLCFX is a Large Cap Blend Equities fund managed by Destinations Funds, while DGEFX is a Large Cap Value Equities fund managed by Destinations Funds. Over the past 5 years, DLCFX returned 9.34%/yr vs 10.18%/yr for DGEFX. A 0.75 correlation means they provide meaningful diversification when combined. DLCFX charges 0.80%/yr vs 0.92%/yr for DGEFX.

Performance

DLCFX vs. DGEFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Destinations Large Cap Equity Fund (DLCFX) and Destinations Equity Income Fund (DGEFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DLCFX achieves a 5.20% return, which is significantly lower than DGEFX's 8.28% return.

DLCFX

• 1D: -0.64%
• 1M: -0.46%
• YTD: 5.20%
• 6M: 4.12%
• 1Y: 17.23%
• 3Y*: 17.70%
• 5Y*: 9.34%
• 10Y*: —

DGEFX

• 1D: 0.20%
• 1M: -0.94%
• YTD: 8.28%
• 6M: 7.79%
• 1Y: 19.99%
• 3Y*: 15.76%
• 5Y*: 10.18%
• 10Y*: —

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

DLCFX vs. DGEFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLCFX Destinations Large Cap Equity Fund	5.20%	14.72%	20.72%	24.88%	-18.90%	20.57%	21.14%	28.72%	-6.04%	14.37%
DGEFX Destinations Equity Income Fund	8.28%	18.95%	13.27%	5.11%	-1.12%	22.41%	-4.09%	21.80%	-5.48%	8.87%

Correlation

The correlation between DLCFX and DGEFX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017	0.75

The correlation between DLCFX and DGEFX shifts across timeframes, from 0.60 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DLCFX vs. DGEFX — Risk / Return Rank

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

DLCFX

DLCFX Risk / Return Rank: 33
DLCFX Sharpe Ratio Rank: 34
DLCFX Sortino Ratio Rank: 33
DLCFX Omega Ratio Rank: 33
DLCFX Calmar Ratio Rank: 30
DLCFX Martin Ratio Rank: 37

DGEFX

DGEFX Risk / Return Rank: 68
DGEFX Sharpe Ratio Rank: 71
DGEFX Sortino Ratio Rank: 72
DGEFX Omega Ratio Rank: 62
DGEFX Calmar Ratio Rank: 70
DGEFX Martin Ratio Rank: 63

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.

DLCFX vs. DGEFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destinations Large Cap Equity Fund (DLCFX) and Destinations Equity Income Fund (DGEFX). 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.

	DLCFX	DGEFX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.25	-0.69
Sortino ratio: Return per unit of downside risk	2.22	3.21	-0.99
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	1.92	3.10	-1.18
Martin ratio: Return relative to average drawdown	7.72	11.53	-3.81

DLCFX vs. DGEFX - Sharpe Ratio Comparison

The current DLCFX Sharpe Ratio is 1.56, which is lower than the DGEFX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of DLCFX and DGEFX, 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

DLCFX vs. DGEFX - Drawdown Comparison

The maximum DLCFX drawdown since its inception was -34.88%, roughly equal to the maximum DGEFX drawdown of -36.34%. Use the drawdown chart below to compare losses from any high point for DLCFX and DGEFX.

Drawdown Indicators

	DLCFX	DGEFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.88%	-36.34%	+1.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-6.89%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-26.58%	-11.72%	-14.86%
Max Drawdown (5Y) Largest decline over 5 years	-27.94%	-17.18%	-10.76%
Current Drawdown Current decline from peak	-2.16%	-1.68%	-0.48%
Average Drawdown Average peak-to-trough decline	-6.34%	-4.01%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.84%	+0.57%

Volatility

DLCFX vs. DGEFX - Volatility Comparison

Destinations Large Cap Equity Fund (DLCFX) has a higher volatility of 4.44% compared to Destinations Equity Income Fund (DGEFX) at 2.73%. This indicates that DLCFX's price experiences larger fluctuations and is considered to be riskier than DGEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLCFX	DGEFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	2.73%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	7.35%	+2.32%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	9.51%	+2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	12.52%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.18%	14.55%	+5.63%

DLCFX vs. DGEFX - Expense Ratio Comparison

DLCFX has a 0.80% expense ratio, which is lower than DGEFX's 0.92% expense ratio.

Dividends

DLCFX vs. DGEFX - Dividend Comparison

DLCFX's dividend yield for the trailing twelve months is around 6.90%, less than DGEFX's 8.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGEFX Destinations Equity Income Fund	8.31%	8.57%	2.70%	3.91%	4.69%	2.87%	4.43%	3.76%	7.05%	2.79%
DLCFX Destinations Large Cap Equity Fund	6.90%	7.26%	15.20%	4.70%	5.64%	17.51%	1.92%	1.79%	3.76%	0.67%

Frequently Asked Questions

Can I hold both DLCFX and DGEFX in my portfolio?

DLCFX and DGEFX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DLCFX or DGEFX?

DLCFX has higher volatility (4.44%) compared to DGEFX (2.73%). In terms of maximum drawdown, DLCFX dropped -34.88% vs DGEFX's -36.34%.

Which has better risk-adjusted returns?

DGEFX currently has the higher Sharpe Ratio (2.25 vs 1.56), 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.