- ISIN
- US25264S5029
- CUSIP
- 25264S502
- Issuer
- Diamond Hill
- Inception Date
- Jun 29, 2001
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DHLAX Performance Chart
Diamond Hill Large Cap Fund (DHLAX) is up 0.2% since the beginning of the year. DHLAX is currently trading at $32 per share. Investors who bought $1,000 worth of DHLAX shares 5 years ago would now be looking at an investment worth $1,355.
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Returns By Period
Diamond Hill Large Cap Fund (DHLAX) has returned 0.22% so far this year and 3.08% over the past 12 months. Over the last ten years, DHLAX has returned 10.50% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Diamond Hill Large Cap Fund
- 1D
- -0.43%
- 1M
- -0.53%
- YTD
- 0.22%
- 6M
- 1.63%
- 1Y
- 3.08%
- 3Y*
- 13.22%
- 5Y*
- 6.27%
- 10Y*
- 10.50%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
DHLAX Monthly Returns History
Based on dividend-adjusted daily data since Jun 29, 2001, DHLAX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +12.6%, while the worst month was Mar 2020 at -17.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DHLAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.9%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.75% | 2.39% | -6.41% | 4.36% | -1.50% | 0.00% | 0.22% | ||||||
| 2025 | 4.03% | 0.69% | -3.32% | -4.14% | 4.25% | 2.85% | -1.43% | 3.54% | -2.13% | -2.00% | 1.74% | 1.62% | 5.34% |
| 2024 | 0.13% | 4.50% | 5.66% | -4.79% | 1.89% | -1.03% | 4.84% | 3.20% | -0.36% | -0.28% | 4.53% | 2.71% | 22.53% |
| 2023 | 6.38% | -3.78% | -3.08% | 1.68% | -3.16% | 7.59% | 3.26% | -2.27% | -4.05% | -3.68% | 8.34% | 6.74% | 13.36% |
| 2022 | -2.45% | -2.69% | 1.78% | -6.97% | 1.54% | -9.88% | 7.50% | -3.22% | -9.05% | 9.81% | 6.06% | -4.76% | -13.67% |
| 2021 | -2.10% | 6.15% | 6.42% | 4.73% | 1.14% | -1.71% | 1.88% | 1.82% | -3.85% | 5.64% | -2.76% | 6.32% | 25.40% |
Benchmark Metrics
Diamond Hill Large Cap Fund has an annualized alpha of 1.57%, beta of 0.92, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since July 02, 2001.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.41%) than losses (93.26%) - typical of diversified or defensive assets.
- With beta of 0.92 and R2 of 0.88, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.57%
- Beta
- 0.92
- R²
- 0.88
- Upside Capture
- 97.41%
- Downside Capture
- 93.26%
Expense Ratio
DHLAX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DHLAX ranks 5 for risk / return — in the bottom 5% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Diamond Hill Large Cap Fund (DHLAX) and compare them to S&P 500 Index.
| DHLAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 2.24 | -1.86 |
Sortino ratioReturn per unit of downside risk | 0.63 | 3.07 | -2.44 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.41 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.93 | -2.41 |
Martin ratioReturn relative to average drawdown | 1.32 | 13.52 | -12.20 |
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 Large Cap Fund provided a 6.04% dividend yield over the last twelve months, with an annual payout of $1.94 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.94 | $1.94 | $6.27 | $0.98 | $1.83 | $2.59 | $0.91 | $1.30 | $0.98 | $1.20 | $1.45 | $1.03 |
Dividend yield | 6.04% | 6.05% | 19.46% | 3.07% | 6.34% | 7.28% | 3.01% | 4.50% | 4.28% | 4.53% | 6.30% | 4.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Large Cap 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.94 | $1.94 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.27 | $6.27 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.83 | $1.83 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.59 | $2.59 |
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 Large Cap 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 Large Cap Fund was 52.68%, occurring on Mar 9, 2009. Recovery took 762 trading sessions.
The current Diamond Hill Large Cap Fund drawdown is 4.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -52.68%Mar 2009 | 1y 4mo | 3y 7d | 4y 4moNov 2007 - Mar 2012 |
COVID crash2020 | -38.92%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 |
Dot-com crash2000–2002 | -35.77%Oct 2002 | 6mo 23d | 1y 3mo | 1y 10moMar 2002 - Jan 2004 |
Bear market2022 | -23.36%Sep 2022 | 8mo 20d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 |
Rate-hike selloffLate 2018 | -20.35%Dec 2018 | 10mo 29d | 3mo 23d | 1y 2moJan 2018 - Apr 2019 |
Drawdown Indicators
| DHLAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.68% | -56.78% | +4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -9.10% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -18.90% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -25.43% | +2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -33.92% | -5.00% |
Current DrawdownCurrent decline from peak | -4.15% | -0.74% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -10.72% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 1.97% | +1.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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