Diamond Hill Large Cap Fund (DHLAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Diamond Hill Large Cap 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 Large Cap Fund (DHLAX) has returned -4.09% so far this year and -0.23% over the past 12 months. Over the last ten years, DHLAX has returned 10.19% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

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, your 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%.

Diamond Hill Large Cap Fund has an annualized alpha of 2.07%, 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 (99.92%) than losses (93.07%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 2.07% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• 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.

DHLAX has a high expense ratio of 0.96%, indicating above-average management fees.

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.

The table below present risk-adjusted performance metrics for Diamond Hill Large Cap Fund (DHLAX) and compare them to a chosen benchmark (S&P 500 Index).

Diamond Hill Large Cap Fund provided a 6.31% dividend yield over the last twelve months, with an annual payout of $1.94 per share.

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.

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 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 8.27%.

The chart below shows the rolling one-month volatility.