DSMFX vs. DLDFX

Last updated Jun 23, 2026

DSMFX (Destinations Small-Mid Cap Equity Fund) and DLDFX (Destinations Low Duration Fixed Income Fund) are both mutual funds - DSMFX is a Mid Cap Blend Equities fund managed by Destinations Funds, while DLDFX is a Short-Term Bond fund managed by Destinations Funds. Over the past 5 years, DSMFX returned 9.00%/yr vs 3.87%/yr for DLDFX. At a 0.24 correlation, their price movements are largely independent. DSMFX charges 1.10%/yr vs 0.93%/yr for DLDFX.

Performance

DSMFX vs. DLDFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Destinations Small-Mid Cap Equity Fund (DSMFX) and Destinations Low Duration Fixed Income Fund (DLDFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSMFX achieves a 20.55% return, which is significantly higher than DLDFX's 1.72% return.

DSMFX

• 1D: 1.71%
• 1M: 3.42%
• YTD: 20.55%
• 6M: 17.59%
• 1Y: 42.99%
• 3Y*: 18.91%
• 5Y*: 9.00%
• 10Y*: —

DLDFX

• 1D: 0.11%
• 1M: 0.14%
• YTD: 1.72%
• 6M: 1.87%
• 1Y: 4.54%
• 3Y*: 5.87%
• 5Y*: 3.87%
• 10Y*: —

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

DSMFX vs. DLDFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DSMFX Destinations Small-Mid Cap Equity Fund	20.55%	13.94%	14.72%	11.61%	-19.89%	26.65%	23.63%	16.66%
DLDFX Destinations Low Duration Fixed Income Fund	1.72%	4.91%	6.09%	7.11%	-2.59%	5.41%	1.52%	1.16%

Correlation

The correlation between DSMFX and DLDFX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019	0.24

Return for Risk

DSMFX vs. DLDFX — Risk / Return Rank

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

DSMFX

DSMFX Risk / Return Rank: 81
DSMFX Sharpe Ratio Rank: 81
DSMFX Sortino Ratio Rank: 75
DSMFX Omega Ratio Rank: 66
DSMFX Calmar Ratio Rank: 92
DSMFX Martin Ratio Rank: 93

DLDFX

DLDFX Risk / Return Rank: 95
DLDFX Sharpe Ratio Rank: 91
DLDFX Sortino Ratio Rank: 95
DLDFX Omega Ratio Rank: 96
DLDFX Calmar Ratio Rank: 98
DLDFX Martin Ratio Rank: 96

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.

DSMFX vs. DLDFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destinations Small-Mid Cap Equity Fund (DSMFX) and Destinations Low Duration Fixed Income Fund (DLDFX). 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.

	DSMFX	DLDFX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.79	-0.36
Sortino ratio: Return per unit of downside risk	3.31	4.78	-1.47
Omega ratio: Gain probability vs. loss probability	1.41	1.81	-0.40
Calmar ratio: Return relative to maximum drawdown	4.56	7.49	-2.93
Martin ratio: Return relative to average drawdown	17.94	22.02	-4.07

DSMFX vs. DLDFX - Sharpe Ratio Comparison

The current DSMFX Sharpe Ratio is 2.43, which is comparable to the DLDFX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of DSMFX and DLDFX, 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

DSMFX vs. DLDFX - Drawdown Comparison

The maximum DSMFX drawdown since its inception was -42.52%, which is greater than DLDFX's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for DSMFX and DLDFX.

Drawdown Indicators

	DSMFX	DLDFX	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	-8.64%	-33.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-0.64%	-9.11%
Max Drawdown (3Y) Largest decline over 3 years	-27.39%	-1.71%	-25.68%
Max Drawdown (5Y) Largest decline over 5 years	-30.72%	-3.88%	-26.84%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-8.72%	-0.70%	-8.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	0.21%	+2.24%

Volatility

DSMFX vs. DLDFX - Volatility Comparison

Destinations Small-Mid Cap Equity Fund (DSMFX) has a higher volatility of 6.68% compared to Destinations Low Duration Fixed Income Fund (DLDFX) at 0.44%. This indicates that DSMFX's price experiences larger fluctuations and is considered to be riskier than DLDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSMFX	DLDFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	0.44%	+6.24%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	1.32%	+13.10%
Volatility (1Y) Calculated over the trailing 1-year period	18.28%	1.72%	+16.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	1.81%	+19.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	2.07%	+19.81%

DSMFX vs. DLDFX - Expense Ratio Comparison

DSMFX has a 1.10% expense ratio, which is higher than DLDFX's 0.93% expense ratio.

Dividends

DSMFX vs. DLDFX - Dividend Comparison

DSMFX's dividend yield for the trailing twelve months is around 5.92%, more than DLDFX's 5.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLDFX Destinations Low Duration Fixed Income Fund	5.33%	5.29%	5.64%	4.77%	4.54%	3.74%	3.86%	2.18%	0.00%	0.00%
DSMFX Destinations Small-Mid Cap Equity Fund	5.92%	7.13%	7.71%	0.26%	3.57%	27.39%	2.06%	4.05%	5.96%	0.92%

Frequently Asked Questions

Can I hold both DSMFX and DLDFX in my portfolio?

DSMFX and DLDFX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSMFX or DLDFX?

DSMFX has higher volatility (6.68%) compared to DLDFX (0.44%). In terms of maximum drawdown, DSMFX dropped -42.52% vs DLDFX's -8.64%.

Which has better risk-adjusted returns?

DLDFX currently has the higher Sharpe Ratio (2.79 vs 2.43), 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.