SEMPX vs. DCAIX
SEMPX (Semper MBS Total Return Fund) and DCAIX (Dunham Long/Short Credit Fund) are both Nontraditional Bonds funds. Over the past 10 years, SEMPX returned 3.55%/yr vs 3.68%/yr for DCAIX. At a 0.04 correlation, their price movements are largely independent. SEMPX charges 1.07%/yr vs 1.98%/yr for DCAIX.
Performance
SEMPX vs. DCAIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SEMPX achieves a 0.90% return, which is significantly lower than DCAIX's 1.25% return. Both investments have delivered pretty close results over the past 10 years, with SEMPX having a 3.55% annualized return and DCAIX not far ahead at 3.68%.
SEMPX
- 1D
- -0.12%
- 1M
- 1.05%
- YTD
- 0.90%
- 6M
- 1.36%
- 1Y
- 6.09%
- 3Y*
- 9.57%
- 5Y*
- 4.25%
- 10Y*
- 3.55%
DCAIX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.25%
- 6M
- 1.43%
- 1Y
- 2.69%
- 3Y*
- 3.30%
- 5Y*
- 1.07%
- 10Y*
- 3.68%
SEMPX vs. DCAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEMPX Semper MBS Total Return Fund | 0.90% | 8.57% | 12.84% | 12.51% | -13.26% | 6.70% | -7.09% | 4.52% | 3.75% | 5.93% |
DCAIX Dunham Long/Short Credit Fund | 1.25% | 2.47% | 3.78% | 0.60% | -2.64% | 1.47% | 4.11% | 5.81% | 4.17% | 10.40% |
Correlation
The correlation between SEMPX and DCAIX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.04 |
The correlation between SEMPX and DCAIX shifts across timeframes, from 0.00 (3 years) to 0.17 (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
SEMPX vs. DCAIX — Risk / Return Rank
SEMPX
DCAIX
SEMPX vs. DCAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Semper MBS Total Return Fund (SEMPX) 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.
| SEMPX | DCAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.94 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 7.22 | -4.23 |
| Martin ratioReturn relative to average drawdown | 9.35 | 22.22 | -12.87 |
Loading charts...
Drawdowns
SEMPX vs. DCAIX - Drawdown Comparison
The maximum SEMPX drawdown since its inception was -25.02%, smaller than the maximum DCAIX drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for SEMPX and DCAIX.
Loading charts...
Drawdown Indicators
| SEMPX | DCAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.02% | -46.34% | +21.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -0.37% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.04% | -0.85% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -14.67% | -5.45% | -9.22% |
Max Drawdown (10Y)Largest decline over 10 years | -25.02% | -6.53% | -18.49% |
Current DrawdownCurrent decline from peak | -0.80% | -0.00% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -5.96% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.12% | +0.53% |
Volatility
SEMPX vs. DCAIX - Volatility Comparison
Semper MBS Total Return Fund (SEMPX) has a higher volatility of 0.81% compared to Dunham Long/Short Credit Fund (DCAIX) at 0.32%. This indicates that SEMPX'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
| SEMPX | DCAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.32% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 0.68% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 1.00% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.12% | 1.57% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 3.94% | -0.02% |
SEMPX vs. DCAIX - Expense Ratio Comparison
SEMPX has a 1.07% expense ratio, which is lower than DCAIX's 1.98% expense ratio.
Dividends
SEMPX vs. DCAIX - Dividend Comparison
SEMPX's dividend yield for the trailing twelve months is around 5.71%, 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% |
SEMPX Semper MBS Total Return Fund | 5.71% | 5.83% | 6.66% | 8.75% | 6.15% | 2.97% | 4.07% | 4.72% | 5.65% | 5.00% | 5.94% | 5.10% |
Frequently Asked Questions
SEMPX and DCAIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SEMPX has higher volatility (0.81%) compared to DCAIX (0.32%). In terms of maximum drawdown, SEMPX dropped -25.02% vs DCAIX's -46.34%.
DCAIX currently has the higher Sharpe Ratio (2.70 vs 2.23), 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 SEMPX 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