WCEIX vs. DAMDX
WCEIX (Virtus Westchester Event-Driven Fund) and DAMDX (Dunham Monthly Distribution Fund) are both Event Driven funds. Over the past 10 years, WCEIX returned 4.69%/yr vs 3.20%/yr for DAMDX. A 0.70 correlation means they provide meaningful diversification when combined. WCEIX charges 1.63%/yr vs 2.38%/yr for DAMDX.
Performance
WCEIX vs. DAMDX - Performance Comparison
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Returns By Period
In the year-to-date period, WCEIX achieves a 1.55% return, which is significantly lower than DAMDX's 2.08% return. Over the past 10 years, WCEIX has outperformed DAMDX with an annualized return of 4.69%, while DAMDX has yielded a comparatively lower 3.20% annualized return.
WCEIX
- 1D
- 0.29%
- 1M
- 0.48%
- YTD
- 1.55%
- 6M
- 1.75%
- 1Y
- 5.69%
- 3Y*
- 6.23%
- 5Y*
- 2.61%
- 10Y*
- 4.69%
DAMDX
- 1D
- 0.11%
- 1M
- -0.10%
- YTD
- 2.08%
- 6M
- 2.17%
- 1Y
- 6.34%
- 3Y*
- 7.03%
- 5Y*
- 3.45%
- 10Y*
- 3.20%
WCEIX vs. DAMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCEIX Virtus Westchester Event-Driven Fund | 1.55% | 7.90% | 3.24% | 5.86% | -2.79% | 1.76% | 6.53% | 11.13% | 5.27% | 4.72% |
DAMDX Dunham Monthly Distribution Fund | 2.08% | 7.93% | 5.29% | 4.06% | 0.57% | 0.12% | 0.44% | 5.54% | -1.01% | 4.08% |
Correlation
The correlation between WCEIX and DAMDX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2014 | 0.70 |
Over the past year, the correlation between WCEIX and DAMDX has dropped to 0.45 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
WCEIX vs. DAMDX — Risk / Return Rank
WCEIX
DAMDX
WCEIX vs. DAMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Westchester Event-Driven Fund (WCEIX) and Dunham Monthly Distribution Fund (DAMDX). 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.
| WCEIX | DAMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.89 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 6.28 | -2.03 |
| Martin ratioReturn relative to average drawdown | 14.09 | 31.92 | -17.83 |
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Drawdowns
WCEIX vs. DAMDX - Drawdown Comparison
The maximum WCEIX drawdown since its inception was -21.65%, smaller than the maximum DAMDX drawdown of -69.68%. Use the drawdown chart below to compare losses from any high point for WCEIX and DAMDX.
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Drawdown Indicators
| WCEIX | DAMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.65% | -69.68% | +48.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -1.03% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -1.89% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -9.50% | -7.30% | -2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -21.65% | -8.44% | -13.21% |
Current DrawdownCurrent decline from peak | -0.00% | -34.95% | +34.95% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -48.73% | +45.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.20% | +0.20% |
Volatility
WCEIX vs. DAMDX - Volatility Comparison
Virtus Westchester Event-Driven Fund (WCEIX) has a higher volatility of 1.61% compared to Dunham Monthly Distribution Fund (DAMDX) at 1.09%. This indicates that WCEIX's price experiences larger fluctuations and is considered to be riskier than DAMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCEIX | DAMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.09% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 1.45% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 1.88% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 4.34% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.75% | 4.00% | +2.75% |
WCEIX vs. DAMDX - Expense Ratio Comparison
WCEIX has a 1.63% expense ratio, which is lower than DAMDX's 2.38% expense ratio.
Dividends
WCEIX vs. DAMDX - Dividend Comparison
WCEIX's dividend yield for the trailing twelve months is around 11.16%, more than DAMDX's 7.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAMDX Dunham Monthly Distribution Fund | 7.59% | 7.83% | 8.84% | 8.77% | 5.35% | 3.47% | 3.64% | 6.31% | 4.86% | 4.27% | 3.54% | 4.39% |
WCEIX Virtus Westchester Event-Driven Fund | 11.16% | 11.33% | 3.88% | 2.49% | 0.21% | 8.42% | 3.18% | 2.34% | 5.56% | 1.01% | 0.87% | 3.21% |
Frequently Asked Questions
WCEIX and DAMDX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WCEIX has higher volatility (1.61%) compared to DAMDX (1.09%). In terms of maximum drawdown, WCEIX dropped -21.65% vs DAMDX's -69.68%.
DAMDX currently has the higher Sharpe Ratio (3.43 vs 1.85), 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.
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