GSAWX vs. DCAIX
GSAWX (Goldman Sachs Long Short Credit Strategies Fund) and DCAIX (Dunham Long/Short Credit Fund) are both Nontraditional Bonds funds. Over the past 10 years, GSAWX returned 3.10%/yr vs 3.62%/yr for DCAIX. At a 0.14 correlation, their price movements are largely independent. GSAWX charges 1.12%/yr vs 1.98%/yr for DCAIX.
Performance
GSAWX vs. DCAIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GSAWX achieves a 1.45% return, which is significantly higher than DCAIX's 1.12% return. Over the past 10 years, GSAWX has underperformed DCAIX with an annualized return of 3.10%, while DCAIX has yielded a comparatively higher 3.62% annualized return.
GSAWX
- 1D
- 0.00%
- 1M
- 0.49%
- YTD
- 1.45%
- 6M
- 2.10%
- 1Y
- 5.36%
- 3Y*
- 6.92%
- 5Y*
- 3.36%
- 10Y*
- 3.10%
DCAIX
- 1D
- -0.12%
- 1M
- 0.13%
- YTD
- 1.12%
- 6M
- 1.18%
- 1Y
- 2.44%
- 3Y*
- 3.26%
- 5Y*
- 1.05%
- 10Y*
- 3.62%
GSAWX vs. DCAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSAWX Goldman Sachs Long Short Credit Strategies Fund | 1.45% | 7.11% | 5.35% | 9.90% | -8.40% | 3.79% | 6.67% | 8.12% | -3.27% | 0.83% |
DCAIX Dunham Long/Short Credit Fund | 1.12% | 2.47% | 3.78% | 0.60% | -2.64% | 1.47% | 4.11% | 5.81% | 4.17% | 10.40% |
Correlation
The correlation between GSAWX and DCAIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.14 |
The correlation between GSAWX and DCAIX shifts across timeframes, from -0.10 (3 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GSAWX vs. DCAIX — Risk / Return Rank
GSAWX
DCAIX
GSAWX vs. DCAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Long Short Credit Strategies Fund (GSAWX) and Dunham Long/Short Credit Fund (DCAIX). 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.
| GSAWX | DCAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.86 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 6.88 | -4.07 |
| Martin ratioReturn relative to average drawdown | 13.17 | 21.14 | -7.98 |
Loading charts...
Drawdowns
GSAWX vs. DCAIX - Drawdown Comparison
The maximum GSAWX drawdown since its inception was -16.52%, smaller than the maximum DCAIX drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for GSAWX and DCAIX.
Loading charts...
Drawdown Indicators
| GSAWX | DCAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.52% | -46.34% | +29.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | -0.37% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.13% | -0.85% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -12.23% | -5.45% | -6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -16.52% | -6.53% | -9.99% |
Current DrawdownCurrent decline from peak | -0.25% | -0.12% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -5.96% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.12% | +0.29% |
Volatility
GSAWX vs. DCAIX - Volatility Comparison
Goldman Sachs Long Short Credit Strategies Fund (GSAWX) has a higher volatility of 0.87% compared to Dunham Long/Short Credit Fund (DCAIX) at 0.35%. This indicates that GSAWX's price experiences larger fluctuations and is considered to be riskier than DCAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GSAWX | DCAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.35% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 0.69% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 1.01% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 1.57% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 3.94% | +0.31% |
GSAWX vs. DCAIX - Expense Ratio Comparison
GSAWX has a 1.12% expense ratio, which is lower than DCAIX's 1.98% expense ratio.
Dividends
GSAWX vs. DCAIX - Dividend Comparison
GSAWX's dividend yield for the trailing twelve months is around 6.01%, more than DCAIX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCAIX Dunham Long/Short Credit Fund | 3.64% | 3.79% | 3.72% | 4.04% | 2.63% | 2.25% | 2.39% | 2.27% | 1.31% | 1.33% | 2.28% | 5.72% |
GSAWX Goldman Sachs Long Short Credit Strategies Fund | 6.01% | 6.09% | 5.21% | 5.49% | 6.27% | 4.98% | 3.51% | 4.67% | 6.43% | 2.37% | 3.85% | 3.81% |
Frequently Asked Questions
GSAWX and DCAIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSAWX has higher volatility (0.87%) compared to DCAIX (0.35%). In terms of maximum drawdown, GSAWX dropped -16.52% vs DCAIX's -46.34%.
DCAIX currently has the higher Sharpe Ratio (2.55 vs 1.84), 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.
Find the right allocation for GSAWX and DCAIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer