GQJPX vs. DCINX

Last updated Jun 4, 2026

GQJPX (GQG Partners International Quality Dividend Income Fund) and DCINX (Dunham International Stock Fund) are both Foreign Large Cap Equities funds. Over the past 3 years, GQJPX returned 17.05%/yr vs 29.16%/yr for DCINX. A 0.76 correlation means they provide meaningful diversification when combined. GQJPX charges 0.91%/yr vs 2.92%/yr for DCINX.

Performance

GQJPX vs. DCINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners International Quality Dividend Income Fund (GQJPX) and Dunham International Stock Fund (DCINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQJPX achieves a 6.21% return, which is significantly lower than DCINX's 26.35% return.

GQJPX

• 1D: 0.16%
• 1M: -1.11%
• YTD: 6.21%
• 6M: 7.48%
• 1Y: 15.50%
• 3Y*: 17.05%
• 5Y*: —
• 10Y*: —

DCINX

• 1D: 1.10%
• 1M: 9.28%
• YTD: 26.35%
• 6M: 30.17%
• 1Y: 54.52%
• 3Y*: 29.16%
• 5Y*: 14.09%
• 10Y*: 12.85%

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

GQJPX vs. DCINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GQJPX GQG Partners International Quality Dividend Income Fund	6.21%	24.88%	7.39%	18.06%	-10.50%	1.05%
DCINX Dunham International Stock Fund	26.35%	46.37%	7.65%	15.98%	-14.67%	-0.40%

Correlation

The correlation between GQJPX and DCINX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.76

The correlation between GQJPX and DCINX shifts across timeframes, from 0.59 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GQJPX vs. DCINX — Risk / Return Rank

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

GQJPX

GQJPX Risk / Return Rank: 25
GQJPX Sharpe Ratio Rank: 28
GQJPX Sortino Ratio Rank: 25
GQJPX Omega Ratio Rank: 28
GQJPX Calmar Ratio Rank: 23
GQJPX Martin Ratio Rank: 22

DCINX

DCINX Risk / Return Rank: 91
DCINX Sharpe Ratio Rank: 96
DCINX Sortino Ratio Rank: 90
DCINX Omega Ratio Rank: 88
DCINX Calmar Ratio Rank: 90
DCINX Martin Ratio Rank: 91

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.

GQJPX vs. DCINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GQG Partners International Quality Dividend Income Fund (GQJPX) and Dunham International Stock Fund (DCINX). 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.

	GQJPX	DCINX	Difference
Sharpe ratio Return per unit of total volatility	1.50	3.46	-1.95
Sortino ratio Return per unit of downside risk	2.09	4.40	-2.30
Omega ratio Gain probability vs. loss probability	1.27	1.61	-0.34
Calmar ratio Return relative to maximum drawdown	1.79	4.61	-2.81
Martin ratio Return relative to average drawdown	5.68	18.49	-12.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQJPX vs. DCINX - Sharpe Ratio Comparison

The current GQJPX Sharpe Ratio is 1.50, which is lower than the DCINX Sharpe Ratio of 3.46. The chart below compares the historical Sharpe Ratios of GQJPX and DCINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GQJPX	DCINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	3.46	-1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.35	+0.35

Drawdowns

GQJPX vs. DCINX - Drawdown Comparison

The maximum GQJPX drawdown since its inception was -21.83%, smaller than the maximum DCINX drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for GQJPX and DCINX.

Drawdown Indicators

	GQJPX	DCINX	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-61.79%	+39.96%
Max Drawdown (1Y) Largest decline over 1 year	-8.56%	-11.91%	+3.35%
Max Drawdown (3Y) Largest decline over 3 years	-9.45%	-13.74%	+4.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.28%	—
Current Drawdown Current decline from peak	-5.19%	0.00%	-5.19%
Average Drawdown Average peak-to-trough decline	-5.52%	-12.85%	+7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.96%	-0.27%

Volatility

GQJPX vs. DCINX - Volatility Comparison

The current volatility for GQG Partners International Quality Dividend Income Fund (GQJPX) is 2.73%, while Dunham International Stock Fund (DCINX) has a volatility of 5.53%. This indicates that GQJPX experiences smaller price fluctuations and is considered to be less risky than DCINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQJPX	DCINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	5.53%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	13.47%	-5.17%
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	15.89%	-5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.95%	15.40%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	16.53%	-3.58%

GQJPX vs. DCINX - Expense Ratio Comparison

GQJPX has a 0.91% expense ratio, which is lower than DCINX's 2.92% expense ratio.

Dividends

GQJPX vs. DCINX - Dividend Comparison

GQJPX's dividend yield for the trailing twelve months is around 3.91%, less than DCINX's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DCINX Dunham International Stock Fund	8.66%	10.95%	13.87%	3.45%	3.53%	15.49%	1.36%	1.54%	6.92%	3.92%
GQJPX GQG Partners International Quality Dividend Income Fund	3.91%	3.22%	3.35%	4.50%	5.59%	1.75%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQJPX and DCINX in my portfolio?

GQJPX and DCINX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQJPX or DCINX?

DCINX has higher volatility (5.53%) compared to GQJPX (2.73%). In terms of maximum drawdown, GQJPX dropped -21.83% vs DCINX's -61.79%.

Which has better risk-adjusted returns?

DCINX currently has the higher Sharpe Ratio (3.46 vs 1.50), 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.