Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX)

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Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) is up 1.8% since the beginning of the year. DHEIX is currently trading at $10 per share. Investors who bought $1,000 worth of DHEIX shares 5 years ago would now be looking at an investment worth $1,249.

Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) has returned 1.78% so far this year and 5.30% over the past 12 months.

Based on dividend-adjusted daily data since Jan 3, 2017, DHEIX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.

Historically, 87% of months were positive and 13% were negative. The best month was Jun 2020 with a return of +3.9%, while the worst month was Mar 2020 at -8.9%. The longest winning streak lasted 38 consecutive months, and the longest losing streak was 6 months.

On a daily basis, DHEIX 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%.

Diamond Hill Short Duration Securitized Bond Fund Class I has an annualized alpha of 5.26%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.

• This fund captured 13.05% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -12.06%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 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.

DHEIX has an expense ratio of 0.53%, placing it in the medium range.

DHEIX 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 Class I (DHEIX) and compare them to S&P 500 Index.

Diamond Hill Short Duration Securitized Bond Fund Class I provided a 5.91% dividend yield over the last twelve months, with an annual payout of $0.59 per share.

The table displays the monthly dividend distributions for Diamond Hill Short Duration Securitized Bond Fund Class I. 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 Class I. 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 Class I was 12.33%, occurring on Mar 25, 2020. Recovery took 154 trading sessions.

The chart below shows the rolling one-month volatility.