Tipping point: Has your dividend yield fund contained downside risk?

Dividend yield funds invest in stocks that pay dividend above a certain cut-off level

Dividend yield funds invest in stocks that pay a dividend above a certain cut-off level. They should ideally contain downside risk well in a falling market. This is because the dividend paid by these stocks sets a floor due to which they should supposedly fall less than funds that invest in more growth-oriented stocks. But most funds have failed to do so well.