- ISIN
- US25264S5516
- CUSIP
- 25264S551
- Issuer
- Diamond Hill
- Inception Date
- Jul 5, 2016
- Category
- Short-Term Bond
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DHEAX Performance Chart
Diamond Hill Short Duration Securitized Bond Fund (DHEAX) is up 1.7% since the beginning of the year. DHEAX is currently trading at $10 per share. Investors who bought $1,000 worth of DHEAX shares 5 years ago would now be looking at an investment worth $1,230.
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Returns By Period
Diamond Hill Short Duration Securitized Bond Fund (DHEAX) has returned 1.65% so far this year and 4.90% over the past 12 months.
Diamond Hill Short Duration Securitized Bond Fund
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 1.65%
- 6M
- 1.93%
- 1Y
- 4.90%
- 3Y*
- 7.42%
- 5Y*
- 4.22%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DHEAX Monthly Returns History
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, an 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 32% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.44% | 0.60% | -0.19% | 0.35% | 0.43% | 0.00% | 1.65% | ||||||
| 2025 | 0.30% | 0.86% | 0.38% | 0.29% | 0.47% | 0.74% | 0.40% | 0.87% | 0.39% | 0.07% | 0.51% | 0.28% | 5.70% |
| 2024 | 0.93% | 0.52% | 0.83% | 0.14% | 1.06% | 0.81% | 1.20% | 1.02% | 0.89% | -0.01% | 0.78% | 0.61% | 9.15% |
| 2023 | 1.52% | 0.08% | 0.18% | 0.53% | 0.22% | 0.12% | 1.19% | 0.98% | 0.45% | 0.42% | 1.08% | 1.32% | 8.38% |
| 2022 | -0.41% | -0.53% | -1.29% | -0.28% | -0.47% | -0.54% | 0.49% | -0.00% | -1.01% | -0.72% | 0.67% | 0.47% | -3.57% |
| 2021 | 1.01% | 0.19% | 0.24% | 0.26% | 0.28% | 0.17% | 0.29% | 0.06% | 0.06% | -0.13% | -0.02% | 0.01% | 2.42% |
Benchmark Metrics
Diamond Hill Short Duration Securitized Bond Fund has an annualized alpha of 4.94%, 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 captured 12.11% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -12.84%) - a profile typical of hedging or uncorrelated 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.
- Alpha
- 4.94%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 12.11%
- Downside Capture
- -12.84%
Expense Ratio
DHEAX has an expense ratio of 0.83%, placing it in the medium range.
Return for Risk
Risk / Return Rank
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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and compare them to S&P 500 Index.
| DHEAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 9.84 | — | — |
| Martin ratioReturn relative to average drawdown | 43.07 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Diamond Hill Short Duration Securitized Bond Fund provided a 5.64% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.53 | $0.59 | $0.51 | $0.32 | $0.23 | $0.30 | $0.38 | $0.35 | $0.32 |
Dividend yield | 5.64% | 5.27% | 5.94% | 5.25% | 3.41% | 2.31% | 2.92% | 3.76% | 3.45% | 3.20% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.00 | $0.22 | ||||||
| 2025 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.53 |
| 2024 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.51 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -12.34%Mar 2020 | 16d | 7mo 19d | 8mo 5dMar 2020 - Nov 2020 |
Bear market2022 | -5.06%Nov 2022 | 12mo | 9mo 2d | 1y 8moNov 2021 - Aug 2023 |
2026 pullback2026 | -0.50%Mar 2026 | 24d | 13d | 1mo 7dMar 2026 - Apr 2026 |
2025 selloff2025 | -0.50%Apr 2025 | 4d | 14d | 18dApr 2025 - Apr 2025 |
2025 pullback2025 | -0.40%Jan 2025 | 0s | 15d | 15dJan 2025 - Feb 2025 |
Drawdown Indicators
| DHEAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.34% | -9.10% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.06% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -1.13% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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