VGTSX vs. DCINX

Last updated Jun 24, 2026

VGTSX (Vanguard Total International Stock Index Fund Investor Shares) and DCINX (Dunham International Stock Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, VGTSX returned 10.40%/yr vs 13.40%/yr for DCINX. Their correlation of 0.93 suggests significant overlap in exposure. VGTSX charges 0.17%/yr vs 2.92%/yr for DCINX.

Performance

VGTSX vs. DCINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Stock Index Fund Investor Shares (VGTSX) 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, VGTSX achieves a 15.80% return, which is significantly lower than DCINX's 27.12% return. Over the past 10 years, VGTSX has underperformed DCINX with an annualized return of 10.40%, while DCINX has yielded a comparatively higher 13.40% annualized return.

VGTSX

• 1D: 0.18%
• 1M: 3.31%
• YTD: 15.80%
• 6M: 15.70%
• 1Y: 33.35%
• 3Y*: 19.95%
• 5Y*: 9.07%
• 10Y*: 10.40%

DCINX

• 1D: 0.65%
• 1M: 4.80%
• YTD: 27.12%
• 6M: 27.16%
• 1Y: 53.29%
• 3Y*: 29.54%
• 5Y*: 14.60%
• 10Y*: 13.40%

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

VGTSX vs. DCINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGTSX Vanguard Total International Stock Index Fund Investor Shares	15.80%	32.05%	5.30%	15.18%	-16.07%	8.58%	11.15%	21.44%	-14.47%	27.39%
DCINX Dunham International Stock Fund	27.12%	46.37%	7.65%	15.98%	-14.67%	9.70%	19.86%	18.14%	-14.27%	24.40%

Correlation

The correlation between VGTSX and DCINX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 10, 2004	0.93

The correlation between VGTSX and DCINX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

VGTSX vs. DCINX — Risk / Return Rank

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

VGTSX

VGTSX Risk / Return Rank: 68
VGTSX Sharpe Ratio Rank: 73
VGTSX Sortino Ratio Rank: 64
VGTSX Omega Ratio Rank: 70
VGTSX Calmar Ratio Rank: 69
VGTSX Martin Ratio Rank: 64

DCINX

DCINX Risk / Return Rank: 92
DCINX Sharpe Ratio Rank: 96
DCINX Sortino Ratio Rank: 89
DCINX Omega Ratio Rank: 88
DCINX Calmar Ratio Rank: 92
DCINX Martin Ratio Rank: 93

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.

VGTSX vs. DCINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock Index Fund Investor Shares (VGTSX) 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.

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.

	VGTSX	DCINX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	3.22	-0.94
Sortino ratio: Return per unit of downside risk	3.06	4.04	-0.98
Omega ratio: Gain probability vs. loss probability	1.42	1.58	-0.15
Calmar ratio: Return relative to maximum drawdown	3.04	4.58	-1.54
Martin ratio: Return relative to average drawdown	11.81	17.98	-6.17

VGTSX vs. DCINX - Sharpe Ratio Comparison

The current VGTSX Sharpe Ratio is 2.28, which is comparable to the DCINX Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of VGTSX 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.

Drawdowns

VGTSX vs. DCINX - Drawdown Comparison

The maximum VGTSX drawdown since its inception was -61.48%, roughly equal to the maximum DCINX drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for VGTSX and DCINX.

Drawdown Indicators

	VGTSX	DCINX	Difference
Max Drawdown Largest peak-to-trough decline	-61.48%	-61.79%	+0.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-11.91%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-13.11%	-13.74%	+0.63%
Max Drawdown (5Y) Largest decline over 5 years	-29.56%	-31.18%	+1.62%
Max Drawdown (10Y) Largest decline over 10 years	-35.93%	-37.28%	+1.35%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.95%	-12.82%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	3.03%	-0.13%

Volatility

VGTSX vs. DCINX - Volatility Comparison

The current volatility for Vanguard Total International Stock Index Fund Investor Shares (VGTSX) is 6.04%, while Dunham International Stock Fund (DCINX) has a volatility of 7.12%. This indicates that VGTSX 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

	VGTSX	DCINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	7.12%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	14.82%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.11%	17.01%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	15.63%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	16.58%	-0.63%

VGTSX vs. DCINX - Expense Ratio Comparison

VGTSX has a 0.17% expense ratio, which is lower than DCINX's 2.92% expense ratio.

Dividends

VGTSX vs. DCINX - Dividend Comparison

VGTSX's dividend yield for the trailing twelve months is around 2.41%, less than DCINX's 8.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCINX Dunham International Stock Fund	8.61%	10.95%	13.87%	3.45%	3.53%	15.49%	1.36%	1.54%	6.92%	3.92%	0.00%	0.00%
VGTSX Vanguard Total International Stock Index Fund Investor Shares	2.41%	3.08%	3.26%	3.16%	2.98%	2.99%	2.05%	2.98%	3.09%	2.68%	2.86%	2.77%

Frequently Asked Questions

Can I hold both VGTSX and DCINX in my portfolio?

With a correlation of 0.94, VGTSX and DCINX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VGTSX or DCINX?

DCINX has higher volatility (7.12%) compared to VGTSX (6.04%). In terms of maximum drawdown, VGTSX dropped -61.48% vs DCINX's -61.79%.

Which has better risk-adjusted returns?

DCINX currently has the higher Sharpe Ratio (3.22 vs 2.28), 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.