Diamond Hill Small-Mid Cap Fund (DHMAX)
The fund normally invests at least 80% of its net assets in U.S. equity securities with small and medium market capitalizations that the Adviser believes are undervalued. Small and mid cap companies are defined as companies with market capitalizations at the time of purchase between $500 million and $10 billion or in the range of those market capitalizations of companies included in the Russell 2500 Index at the time of purchase. The Adviser focuses on estimating a company's value independent of its current stock price.
Fund Info
US25264S8171
25264S817
Dec 30, 2005
$2,500
Mid-Cap
Value
Expense Ratio
DHMAX has a high expense ratio of 1.21%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Diamond Hill Small-Mid 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.
Returns By Period
Diamond Hill Small-Mid Cap Fund had a return of 3.03% year-to-date (YTD) and 3.16% in the last 12 months. Over the past 10 years, Diamond Hill Small-Mid Cap Fund had an annualized return of 3.61%, while the S&P 500 had an annualized return of 11.31%, indicating that Diamond Hill Small-Mid Cap Fund did not perform as well as the benchmark.
DHMAX
3.03%
1.12%
-2.03%
3.16%
4.14%
3.61%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of DHMAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.20% | 3.03% | |||||||||||
| 2024 | -0.75% | 3.58% | 4.34% | -6.33% | 2.24% | -2.11% | 7.96% | 0.44% | -0.11% | -1.85% | 7.56% | -11.89% | 1.32% |
| 2023 | 11.28% | -0.12% | -7.57% | -0.68% | -4.76% | 9.20% | 2.94% | -4.37% | -5.65% | -6.78% | 9.78% | 9.36% | 10.31% |
| 2022 | -4.63% | 1.23% | 0.33% | -5.96% | 1.41% | -10.11% | 8.03% | -2.07% | -8.76% | 9.96% | 3.56% | -9.56% | -17.46% |
| 2021 | 0.04% | 10.93% | 3.42% | 5.84% | 2.39% | -2.80% | -1.06% | 3.35% | -1.21% | 3.83% | -2.43% | 0.16% | 23.90% |
| 2020 | -5.18% | -9.67% | -25.09% | 13.67% | 4.86% | 0.93% | 4.42% | 5.11% | -3.19% | 2.27% | 13.84% | 5.77% | 0.99% |
| 2019 | 11.14% | 3.58% | -1.26% | 5.21% | -7.47% | 6.32% | 0.00% | -3.70% | 4.70% | 1.09% | 2.65% | -0.73% | 22.18% |
| 2018 | 1.89% | -3.22% | 0.14% | 1.18% | 0.99% | 0.58% | 1.15% | 1.93% | -2.15% | -7.77% | 3.76% | -14.52% | -16.25% |
| 2017 | 1.56% | 1.53% | -0.60% | 0.74% | -1.19% | 1.39% | 1.19% | -1.71% | 3.12% | 0.31% | 1.55% | -2.71% | 5.15% |
| 2016 | -6.29% | 1.52% | 7.87% | 2.45% | 1.56% | -1.54% | 3.64% | 0.70% | 0.90% | -2.42% | 6.28% | 0.91% | 15.87% |
| 2015 | -2.29% | 5.81% | 0.79% | 0.99% | 0.93% | -1.03% | 0.31% | -2.53% | -2.87% | 5.30% | 1.09% | -5.97% | -0.07% |
| 2014 | -2.99% | 2.97% | 2.15% | -0.66% | 2.17% | 3.81% | -3.83% | 3.06% | -5.24% | 2.46% | 1.20% | -1.14% | 3.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DHMAX is 9, meaning it’s performing worse than 91% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Diamond Hill Small-Mid Cap Fund (DHMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Diamond Hill Small-Mid Cap Fund provided a 0.97% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.07 | $0.12 | $0.05 | $0.10 | $0.14 | $0.04 | $0.03 | $0.01 | $0.03 | $0.02 |
Dividend yield | 0.97% | 1.00% | 0.26% | 0.52% | 0.19% | 0.45% | 0.64% | 0.19% | 0.13% | 0.06% | 0.15% | 0.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Small-Mid 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2014 | $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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Diamond Hill Small-Mid 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 Small-Mid Cap Fund was 58.13%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current Diamond Hill Small-Mid Cap Fund drawdown is 10.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.13% | Jun 5, 2007 | 442 | Mar 9, 2009 | 420 | Nov 4, 2010 | 862 |
| -46.82% | Aug 30, 2018 | 392 | Mar 23, 2020 | 200 | Jan 6, 2021 | 592 |
| -29.51% | Nov 16, 2021 | 490 | Oct 27, 2023 | — | — | — |
| -24.36% | May 2, 2011 | 108 | Oct 3, 2011 | 320 | Jan 14, 2013 | 428 |
| -17.44% | Jun 24, 2015 | 161 | Feb 11, 2016 | 81 | Jun 8, 2016 | 242 |
Volatility
Volatility Chart
The current Diamond Hill Small-Mid Cap Fund volatility is 3.30%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.