- Issuer
- Diamond Hill
- Inception Date
- Feb 26, 2021
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Actively Managed
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $34M
Share Price Chart
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Performance
DHLX Performance Chart
Diamond Hill Large Cap Concentrated ETF (DHLX) is down 2.0% since the beginning of the year. DHLX is currently trading at $13 per share.
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Returns By Period
Diamond Hill Large Cap Concentrated ETF
- 1D
- -0.15%
- 1M
- -1.89%
- YTD
- -2.01%
- 6M
- -2.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DHLX Monthly Returns History
Based on dividend-adjusted daily data since Sep 29, 2025, DHLX's average daily return is 0.00%, while the average monthly return is -0.03%.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2026 with a return of +5.3%, while the worst month was Mar 2026 at -6.9%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, DHLX closed higher 49% of trading days. The best single day was Apr 8, 2026 with a return of +1.9%, while the worst single day was Jan 20, 2026 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.05% | 2.99% | -6.93% | 5.26% | -2.70% | -1.22% | -2.01% | ||||||
| 2025 | -0.15% | -2.01% | 1.38% | 2.05% | 1.22% |
Benchmark Metrics
Diamond Hill Large Cap Concentrated ETF has an annualized alpha of -7.19%, beta of 0.41, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since September 29, 2025.
- This ETF participated in 48.17% of S&P 500 Index downside but only 11.41% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.41 may look defensive, but with R2 of 0.24 this ETF 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 ETF's risk.
- R2 of 0.24 means this ETF 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
- -7.19%
- Beta
- 0.41
- R²
- 0.24
- Upside Capture
- 11.41%
- Downside Capture
- 48.17%
Expense Ratio
DHLX has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Diamond Hill Large Cap Concentrated ETF (DHLX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DHLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Diamond Hill Large Cap Concentrated ETF provided a 0.41% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.05 | $0.02 |
Dividend yield | 0.41% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Large Cap Concentrated ETF. 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 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.02 | $0.02 |
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 Concentrated ETF. 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 Concentrated ETF was 8.40%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current Diamond Hill Large Cap Concentrated ETF drawdown is 5.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -8.40%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2025 pullback2025 | -4.48%Nov 2025 | 1mo 15d | 21d | 2mo 6dOct 2025 - Dec 2025 |
2026 pullback2026 | -2.50%Jan 2026 | 25d | 10d | 1mo 5dDec 2025 - Jan 2026 |
2026 pullback2026 | -1.02%Feb 2026 | 4d | 3d | 7dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.99%Feb 2026 | 0s | 2d | 2dFeb 2026 - Feb 2026 |
Drawdown Indicators
| DHLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.40% | -56.78% | +48.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.84% | -1.80% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -10.71% | +8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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