Diamond Hill Short Duration Securitized Bond Fund (DHEAX)

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The chart shows the growth of an initial investment of $10,000 in Diamond Hill Short Duration Securitized Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Diamond Hill Short Duration Securitized Bond Fund (DHEAX) has returned 0.75% so far this year and 4.87% over the past 12 months.

Based on dividend-adjusted daily data since Jan 3, 2017, DHEAX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, your investment would double in approximately 17.5 years.

Historically, 86% of months were positive and 14% were negative. The best month was Jun 2020 with a return of +3.9%, while the worst month was Mar 2020 at -8.8%. The longest winning streak lasted 38 consecutive months, and the longest losing streak was 6 months.

On a daily basis, DHEAX closed higher 31% of trading days. The best single day was Mar 27, 2020 with a return of +2.2%, while the worst single day was Mar 24, 2020 at -2.3%.

Diamond Hill Short Duration Securitized Bond Fund has an annualized alpha of 4.08%, beta of -0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.80%) than losses (0.17%) — typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DHEAX has an expense ratio of 0.83%, placing it in the medium range.

DHEAX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and compare them to a chosen benchmark (S&P 500 Index).

Diamond Hill Short Duration Securitized Bond Fund provided a 5.72% dividend yield over the last twelve months, with an annual payout of $0.57 per share.

The table displays the monthly dividend distributions for Diamond Hill Short Duration Securitized Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Diamond Hill Short Duration Securitized Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Diamond Hill Short Duration Securitized Bond Fund was 12.34%, occurring on Mar 25, 2020. Recovery took 159 trading sessions.

The current Diamond Hill Short Duration Securitized Bond Fund drawdown is 0.29%.

The chart below shows the rolling one-month volatility.