DNAVX vs. EBSAX
Compare and contrast key facts about Dunham Dynamic Macro Fund (DNAVX) and Campbell Systematic Macro Fund Class A Shares (EBSAX).
DNAVX is managed by Dunham. It was launched on Apr 28, 2010. EBSAX is managed by Campbell & Company. It was launched on Mar 4, 2013.
Performance
DNAVX vs. EBSAX - Performance Comparison
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DNAVX vs. EBSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DNAVX Dunham Dynamic Macro Fund | 2.75% | 5.12% | 6.13% | 18.70% | -14.02% | 9.29% | 5.19% |
EBSAX Campbell Systematic Macro Fund Class A Shares | 7.79% | -1.34% | 11.28% | -2.11% | 30.56% | 8.90% | 4.88% |
Returns By Period
In the year-to-date period, DNAVX achieves a 2.75% return, which is significantly lower than EBSAX's 7.79% return.
DNAVX
- 1D
- 0.43%
- 1M
- -1.28%
- YTD
- 2.75%
- 6M
- 2.68%
- 1Y
- 7.38%
- 3Y*
- 9.67%
- 5Y*
- 5.06%
- 10Y*
- 3.98%
EBSAX
- 1D
- 0.10%
- 1M
- 3.00%
- YTD
- 7.79%
- 6M
- 4.61%
- 1Y
- 0.91%
- 3Y*
- 3.76%
- 5Y*
- 9.34%
- 10Y*
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DNAVX vs. EBSAX - Expense Ratio Comparison
DNAVX has a 1.88% expense ratio, which is lower than EBSAX's 2.00% expense ratio.
Return for Risk
DNAVX vs. EBSAX — Risk / Return Rank
DNAVX
EBSAX
DNAVX vs. EBSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham Dynamic Macro Fund (DNAVX) and Campbell Systematic Macro Fund Class A Shares (EBSAX). 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.
| DNAVX | EBSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 0.18 | +1.59 |
Sortino ratioReturn per unit of downside risk | 2.61 | 0.30 | +2.31 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.04 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 3.71 | 0.20 | +3.51 |
Martin ratioReturn relative to average drawdown | 15.58 | 0.33 | +15.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DNAVX | EBSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 0.18 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.98 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 1.12 | -0.79 |
Correlation
The correlation between DNAVX and EBSAX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DNAVX vs. EBSAX - Dividend Comparison
DNAVX's dividend yield for the trailing twelve months is around 11.25%, more than EBSAX's 2.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DNAVX Dunham Dynamic Macro Fund | 11.25% | 11.56% | 0.00% | 3.41% | 0.00% | 0.00% | 0.75% | 0.00% | 2.42% |
EBSAX Campbell Systematic Macro Fund Class A Shares | 2.78% | 3.00% | 2.59% | 1.45% | 15.15% | 7.02% | 0.00% | 0.00% | 0.00% |
Drawdowns
DNAVX vs. EBSAX - Drawdown Comparison
The maximum DNAVX drawdown since its inception was -17.73%, which is greater than EBSAX's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for DNAVX and EBSAX.
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Drawdown Indicators
| DNAVX | EBSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.73% | -11.15% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | -7.59% | +5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -11.15% | -5.97% |
Max Drawdown (10Y)Largest decline over 10 years | -17.73% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | 0.00% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -3.23% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 4.55% | -4.04% |
Volatility
DNAVX vs. EBSAX - Volatility Comparison
The current volatility for Dunham Dynamic Macro Fund (DNAVX) is 2.28%, while Campbell Systematic Macro Fund Class A Shares (EBSAX) has a volatility of 3.09%. This indicates that DNAVX experiences smaller price fluctuations and is considered to be less risky than EBSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNAVX | EBSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 3.09% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 6.29% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 8.64% | -4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 9.61% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.46% | 9.53% | -1.07% |