TFAZX vs. DCAIX
TFAZX (TFA Tactical Income Fund) and DCAIX (Dunham Long/Short Credit Fund) are both Nontraditional Bonds funds. Over the past 5 years, TFAZX returned -0.66%/yr vs 1.05%/yr for DCAIX. At a correlation of -0.05, they often move in opposite directions. TFAZX charges 1.97%/yr vs 1.98%/yr for DCAIX.
Performance
TFAZX vs. DCAIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TFAZX achieves a 2.00% return, which is significantly higher than DCAIX's 1.12% return.
TFAZX
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 2.00%
- 6M
- 1.80%
- 1Y
- 7.24%
- 3Y*
- 2.60%
- 5Y*
- -0.66%
- 10Y*
- —
DCAIX
- 1D
- 0.00%
- 1M
- 0.13%
- YTD
- 1.12%
- 6M
- 1.31%
- 1Y
- 2.44%
- 3Y*
- 3.22%
- 5Y*
- 1.05%
- 10Y*
- 3.70%
TFAZX vs. DCAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TFAZX TFA Tactical Income Fund | 2.00% | 5.78% | -1.56% | -0.20% | -9.93% | 5.85% | 2.99% | 4.44% |
DCAIX Dunham Long/Short Credit Fund | 1.12% | 2.47% | 3.78% | 0.60% | -2.64% | 1.47% | 4.11% | 2.60% |
Correlation
The correlation between TFAZX and DCAIX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | -0.05 |
The correlation between TFAZX and DCAIX shifts across timeframes, from -0.15 (3 years) to 0.07 (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
TFAZX vs. DCAIX — Risk / Return Rank
TFAZX
DCAIX
TFAZX vs. DCAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TFA Tactical Income Fund (TFAZX) 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.
| TFAZX | DCAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.82 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 6.55 | -4.58 |
| Martin ratioReturn relative to average drawdown | 7.78 | 20.09 | -12.31 |
Loading charts...
Drawdowns
TFAZX vs. DCAIX - Drawdown Comparison
The maximum TFAZX drawdown since its inception was -17.69%, smaller than the maximum DCAIX drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for TFAZX and DCAIX.
Loading charts...
Drawdown Indicators
| TFAZX | DCAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.69% | -46.34% | +28.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -0.37% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.15% | -0.85% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -5.45% | -11.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.53% | — |
Current DrawdownCurrent decline from peak | -6.28% | -0.12% | -6.16% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -5.96% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.12% | +0.85% |
Volatility
TFAZX vs. DCAIX - Volatility Comparison
TFA Tactical Income Fund (TFAZX) has a higher volatility of 1.56% compared to Dunham Long/Short Credit Fund (DCAIX) at 0.33%. This indicates that TFAZX'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
| TFAZX | DCAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 0.33% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 0.69% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 1.01% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 1.58% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 3.93% | +3.03% |
TFAZX vs. DCAIX - Expense Ratio Comparison
TFAZX has a 1.97% expense ratio, which is lower than DCAIX's 1.98% expense ratio.
Dividends
TFAZX vs. DCAIX - Dividend Comparison
TFAZX's dividend yield for the trailing twelve months is around 2.12%, less 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% |
TFAZX TFA Tactical Income Fund | 2.12% | 2.16% | 0.00% | 3.05% | 0.97% | 16.23% | 1.04% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TFAZX and DCAIX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFAZX has higher volatility (1.56%) compared to DCAIX (0.33%). In terms of maximum drawdown, TFAZX dropped -17.69% vs DCAIX's -46.34%.
DCAIX currently has the higher Sharpe Ratio (2.44 vs 1.47), 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 TFAZX 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