Diamond Hill Mid Cap Fund (DHPAX)
The investment seeks to provide long-term capital appreciation. The fund, under normal market conditions, invests at least 80% of its net assets in U.S. equity securities with medium market capitalizations that Diamond Hill Capital Management, Inc. ("the Adviser") believes are undervalued. Equity securities consist of common and preferred stocks. Mid cap companies are defined as companies with market capitalizations at the time of purchase between $1.5 billion and $20 billion or in the range of those market capitalizations of companies included in the Russell Midcap Index at the time of purchase.
Fund Info
US25264S6357
25264S635
Dec 31, 2013
$2,500
Mid-Cap
Value
Expense Ratio
DHPAX has a high expense ratio of 1.07%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Diamond Hill Mid Cap Fund (DHPAX) returned 1.14% year-to-date (YTD) and 7.54% over the past 12 months. Over the past 10 years, DHPAX returned 6.49% annually, underperforming the S&P 500 benchmark at 10.85%.
DHPAX
1.14%
4.27%
-4.98%
7.54%
4.21%
12.57%
6.49%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of DHPAX, 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 | 2.76% | -1.11% | -2.60% | -2.00% | 4.27% | 1.14% | |||||||
| 2024 | -0.18% | 4.53% | 4.92% | -5.08% | 2.53% | -2.01% | 6.26% | 1.65% | 0.38% | -1.94% | 6.16% | -6.24% | 10.48% |
| 2023 | 10.83% | -2.06% | -9.74% | 0.13% | -4.39% | 9.25% | 2.16% | -3.36% | -5.16% | -5.37% | 10.20% | 9.12% | 9.19% |
| 2022 | -4.19% | 1.85% | -0.06% | -5.95% | 0.82% | -11.03% | 7.38% | -2.49% | -9.23% | 9.61% | 5.51% | -4.55% | -13.67% |
| 2021 | -0.00% | 8.83% | 4.31% | 6.30% | 2.73% | -3.05% | -0.58% | 3.05% | -1.31% | 4.56% | -3.03% | 6.23% | 30.87% |
| 2020 | -5.26% | -9.73% | -26.04% | 13.18% | 4.39% | 1.01% | 4.52% | 4.76% | -2.89% | 2.04% | 13.51% | 5.41% | -2.01% |
| 2019 | 10.60% | 3.42% | -0.74% | 5.26% | -7.18% | 6.14% | 0.36% | -4.41% | 4.91% | 0.28% | 2.55% | 2.88% | 25.38% |
| 2018 | 2.64% | -3.57% | 0.00% | 1.41% | 0.37% | 0.65% | 2.24% | 1.27% | -1.46% | -7.29% | 4.12% | -10.45% | -10.58% |
| 2017 | 1.43% | 1.80% | -0.39% | 0.46% | -0.85% | 1.39% | 1.07% | -1.97% | 3.16% | 0.52% | 2.23% | 0.91% | 10.13% |
| 2016 | -5.88% | 2.18% | 7.09% | 2.27% | 1.15% | -1.14% | 3.19% | 0.77% | 0.51% | -1.78% | 6.30% | 2.92% | 18.30% |
| 2015 | -2.15% | 5.73% | 0.45% | 0.99% | 0.62% | -1.06% | 0.27% | -2.77% | -3.12% | 5.40% | 0.90% | -4.30% | 0.44% |
| 2014 | -2.43% | 3.42% | 2.11% | -0.49% | 2.27% | 3.38% | -3.92% | 3.49% | -4.60% | 2.46% | 1.34% | 1.87% | 8.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DHPAX is 27, indicating average performance compared to other mutual funds on our website. Here’s 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 Mid Cap Fund (DHPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Diamond Hill Mid Cap Fund provided a 8.74% dividend yield over the last twelve months, with an annual payout of $1.47 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.47 | $1.47 | $0.36 | $0.76 | $0.06 | $0.08 | $0.26 | $0.34 | $0.20 | $0.08 | $0.04 | $0.06 |
Dividend yield | 8.74% | 8.84% | 2.19% | 4.96% | 0.30% | 0.53% | 1.79% | 2.84% | 1.49% | 0.63% | 0.35% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill 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 | $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 | $1.47 | $1.47 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2015 | $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 |
| 2014 | $0.06 | $0.06 |
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 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 Mid Cap Fund was 46.59%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current Diamond Hill Mid Cap Fund drawdown is 5.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.59% | Jan 3, 2020 | 55 | Mar 23, 2020 | 200 | Jan 6, 2021 | 255 |
| -24.02% | Jan 18, 2022 | 448 | Oct 27, 2023 | 103 | Mar 27, 2024 | 551 |
| -19.92% | Aug 22, 2018 | 86 | Dec 24, 2018 | 81 | Apr 23, 2019 | 167 |
| -17.45% | Nov 26, 2024 | 90 | Apr 8, 2025 | — | — | — |
| -15.74% | Jun 24, 2015 | 145 | Jan 20, 2016 | 93 | Jun 2, 2016 | 238 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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