- Issuer
- Diamond Hill
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DHLYX Performance Chart
Diamond Hill Large Cap Fund Class Y (DHLYX) is up 5.3% since the beginning of the year. DHLYX is currently trading at $34 per share. Investors who bought $1,000 worth of DHLYX shares 5 years ago would now be looking at an investment worth $1,321.
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Returns By Period
Diamond Hill Large Cap Fund Class Y (DHLYX) has returned 5.33% so far this year and 6.29% over the past 12 months. Over the last ten years, DHLYX has returned 10.13% per year, falling short of the S&P 500 Index benchmark, which averaged 12.90% annually.
Diamond Hill Large Cap Fund Class Y
- 1D
- -0.44%
- 1M
- 3.87%
- 6M
- 4.32%
- YTD
- 5.33%
- 1Y
- 6.29%
- 3Y*
- 9.50%
- 5Y*
- 5.73%
- 10Y*
- 10.13%
- ALL TIME*
- 11.02%
Benchmark (S&P 500 Index)
- 1D
- -1.52%
- 1M
- -1.67%
- 6M
- 4.85%
- YTD
- 6.88%
- 1Y
- 14.84%
- 3Y*
- 16.88%
- 5Y*
- 10.73%
- 10Y*
- 12.90%
- ALL TIME*
- 8.04%
DHLYX Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 2011, DHLYX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +12.7%, while the worst month was Mar 2020 at -17.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DHLYX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.8%, 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 | 1.81% | 2.42% | -6.39% | 4.37% | -1.47% | 0.56% | 4.35% | 5.33% | |||||
| 2025 | 4.08% | 0.71% | -3.30% | -4.09% | 4.30% | 2.90% | -1.39% | 3.55% | -2.12% | -1.96% | 1.79% | 1.64% | 5.76% |
| 2024 | 0.16% | 4.52% | 5.70% | -4.74% | 1.94% | -1.02% | 4.88% | 3.24% | -0.33% | -0.25% | 4.58% | -6.30% | 12.20% |
| 2023 | 6.37% | -3.72% | -3.06% | 1.73% | -3.17% | 7.67% | 3.30% | -2.25% | -4.01% | -3.64% | 8.40% | 6.78% | 13.83% |
| 2022 | -2.38% | -2.67% | 1.80% | -6.92% | 1.59% | -9.86% | 7.54% | -3.19% | -9.00% | 9.82% | 6.07% | -4.68% | -13.27% |
| 2021 | -2.09% | 6.18% | 6.48% | 4.75% | 1.16% | -1.64% | 1.90% | 1.86% | -3.82% | 5.68% | -2.74% | 6.34% | 25.88% |
Benchmark Metrics
Diamond Hill Large Cap Fund Class Y has an annualized alpha of -0.60%, beta of 0.93, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since December 30, 2011.
- This fund participated in 99.55% of S&P 500 Index downside but only 92.29% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.93 and R2 of 0.85, 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
- -0.60%
- Beta
- 0.93
- R²
- 0.85
- Upside Capture
- 92.29%
- Downside Capture
- 99.55%
Expense Ratio
DHLYX has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DHLYX ranks 13 for risk / return — above 13% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Diamond Hill Large Cap Fund Class Y (DHLYX) 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.
| DHLYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.64 | -0.88 |
| Martin ratioReturn relative to average drawdown | 1.94 | 6.95 | -5.01 |
Dividends
Dividend History
Diamond Hill Large Cap Fund Class Y provided a 6.17% dividend yield over the last twelve months, with an annual payout of $2.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.09 | $2.09 | $3.47 | $1.24 | $1.96 | $2.72 | $1.09 | $1.41 | $1.09 | $1.30 | $1.54 | $1.12 |
Dividend yield | 6.17% | 6.50% | 10.75% | 3.89% | 6.75% | 7.63% | 3.57% | 4.86% | 4.74% | 4.87% | 6.65% | 5.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Large Cap Fund Class Y. 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 | $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 | $2.09 | $2.09 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.47 | $3.47 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.24 | $1.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.96 | $1.96 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.72 | $2.72 |
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 Class Y. 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 Class Y was 38.87%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Diamond Hill Large Cap Fund Class Y drawdown is 0.44%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.87%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 | COVID crash2020 |
-23.10%Sep 2022 | 8mo 20d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 | Bear market2022 |
-20.06%Dec 2018 | 10mo 29d | 3mo 19d | 1y 2moJan 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-15.64%Feb 2016 | 7mo 22d | 5mo 4d | 1y 21dJun 2015 - Jul 2016 | — |
-15.54%Apr 2025 | 4mo 7d | 4mo 16d | 8mo 23dDec 2024 - Aug 2025 | 2025 selloff2025 |
Drawdown Indicators
| DHLYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.87% | -56.78% | +17.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -9.10% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -18.90% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -25.43% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | -33.92% | -4.95% |
Current DrawdownCurrent decline from peak | -0.44% | -3.86% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -10.70% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.14% | +1.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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