Dunham Dynamic Correlations

DNAVX Fund

USD 11.53 0.05 0.44%

The correlation of Dunham Dynamic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Dunham Dynamic Correlation With Market

Poor diversification

The correlation between Dunham Dynamic Macro and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Dynamic Macro and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dunham Dynamic Macro. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Dunham Mutual Fund

0.86	DNAIX	Dunham Appreciation	Pair Corr
0.66	DNCGX	Dunham Porategovernment	Pair Corr
0.88	DNDGX	Dunham Small Cap	Pair Corr
0.87	DNEMX	Dunham Emerging Markets	Pair Corr
0.88	DNFGX	Dunham Focused Large	Pair Corr
0.87	DNFRX	Dunham Floating Rate	Pair Corr
0.74	DNIOX	Dunham International	Pair Corr
0.9	DNHYX	Dunham High Yield	Pair Corr
0.95	DNLVX	Dunham Large Cap	Pair Corr
0.75	DNMDX	Dunham Monthly Distr	Pair Corr
0.92	DNSVX	Dunham Small Cap	Pair Corr
1.0	DNSPX	Dunham Enhanced Market	Pair Corr
0.87	DAAIX	Dunham Appreciation	Pair Corr
0.97	DAAVX	Dunham Dynamic Macro	Pair Corr
0.66	DACGX	Dunham Porategovernment	Pair Corr
0.88	DADGX	Dunham Small Cap	Pair Corr
0.86	DAEMX	Dunham Emerging Markets	Pair Corr
0.83	DAFRX	Dunham Floating Rate	Pair Corr
0.85	DAFGX	Dunham Focused Large	Pair Corr
0.9	DAHYX	Dunham High Yield	Pair Corr
0.73	DAIOX	Dunham International	Pair Corr
0.94	DALVX	Dunham Large Cap	Pair Corr
0.75	DAMDX	Dunham Monthly Distr	Pair Corr
0.91	DASVX	Dunham Small Cap	Pair Corr
1.0	DCAVX	Dunham Dynamic Macro	Pair Corr
0.77	DCAIX	Dunham Appreciation	Pair Corr
0.92	DCDGX	Dunham Small Cap	Pair Corr
0.87	DCEMX	Dunham Emerging Markets	Pair Corr
0.93	DCFGX	Dunham Focused Large	Pair Corr
0.83	DCFRX	Dunham Floating Rate	Pair Corr
0.69	DCIOX	Dunham International	Pair Corr
0.89	DCHYX	Dunham High Yield	Pair Corr

Moving against Dunham Mutual Fund

0.95

DASPX

Dunham Enhanced Market

Pair Corr

Related Correlations Analysis

	FMVUX	0P000070L2	FZDXX	RYFAX	MPIXX	FMFXX	IAAEX
FMVUX		0.87	0.0	0.8	0.0	0.0	0.94	FMVUX
0P000070L2	0.87		0.0	0.78	0.0	0.0	0.82	0P000070L2
FZDXX	0.0	0.0		0.0	0.0	0.0	0.0	FZDXX
RYFAX	0.8	0.78	0.0		0.0	0.0	0.79	RYFAX
MPIXX	0.0	0.0	0.0	0.0		0.0	0.0	MPIXX
FMFXX	0.0	0.0	0.0	0.0	0.0		0.0	FMFXX
IAAEX	0.94	0.82	0.0	0.79	0.0	0.0		IAAEX
	FMVUX	0P000070L2	FZDXX	RYFAX	MPIXX	FMFXX	IAAEX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IAAEX	+ 0.94	FMVUX
0P000070L2	+ 0.87	FMVUX
IAAEX	+ 0.82	0P000070L2
RYFAX	+ 0.8	FMVUX
IAAEX	+ 0.79	RYFAX
RYFAX	+ 0.78	0P000070L2

High negative correlations

IAAEX	- 0.0	FMFXX
IAAEX	- 0.0	MPIXX
FMFXX	- 0.0	MPIXX
FMFXX	- 0.0	RYFAX
MPIXX	- 0.0	RYFAX
IAAEX	- 0.0	FZDXX

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Dynamic Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dunham Dynamic's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FMVUX	0.74	0.16	0.19	0.24	0.51	(0.89)	1.89	(1.26)	7.72
0P000070L2	0.03	0.00	0.00	0.59	0.00	0.00	0.00	0.00	0.40
FZDXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYFAX	0.63	(0.03)	(0.04)	0.02	0.87	(0.64)	1.23	(1.60)	4.21
MPIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IAAEX	0.96	0.31	0.37	0.68	0.28	(1.27)	1.85	(1.17)	19.44

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC