- ISIN
- US25264S5284
- CUSIP
- 25264S528
- Issuer
- Diamond Hill
- Inception Date
- Jul 5, 2016
- Category
- Intermediate Core Bond
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DHRAX Performance Chart
Diamond Hill Core Bond Fund (DHRAX) is up 0.7% since the beginning of the year. DHRAX is currently trading at $9 per share. Investors who bought $1,000 worth of DHRAX shares 5 years ago would now be looking at an investment worth $1,031.
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Returns By Period
Diamond Hill Core Bond Fund (DHRAX) has returned 0.70% so far this year and 4.47% over the past 12 months.
Diamond Hill Core Bond Fund
- 1D
- 0.22%
- 1M
- 0.82%
- YTD
- 0.70%
- 6M
- 0.75%
- 1Y
- 4.47%
- 3Y*
- 4.63%
- 5Y*
- 0.62%
- 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%
DHRAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, DHRAX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Sep 2022 at -3.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.
On a daily basis, DHRAX closed higher 44% of trading days. The best single day was Nov 10, 2022 with a return of +1.5%, while the worst single day was Mar 17, 2020 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.34% | 1.64% | -1.79% | 0.16% | 0.27% | 0.11% | 0.70% | ||||||
| 2025 | 0.34% | 2.24% | 0.05% | 0.26% | -0.73% | 1.49% | -0.19% | 1.16% | 0.92% | 0.59% | 0.67% | -0.39% | 6.55% |
| 2024 | 0.27% | -1.06% | 0.86% | -2.28% | 1.81% | 1.18% | 2.32% | 1.37% | 1.24% | -2.20% | 1.26% | -1.50% | 3.18% |
| 2023 | 3.22% | -1.87% | 1.89% | 0.66% | -0.87% | -0.34% | 0.01% | -0.41% | -2.25% | -1.89% | 4.27% | 3.89% | 6.20% |
| 2022 | -1.48% | -0.74% | -2.79% | -3.08% | -0.01% | -1.08% | 1.93% | -2.19% | -3.73% | -1.72% | 2.83% | -0.49% | -12.05% |
| 2021 | -0.34% | -1.42% | -1.22% | 0.89% | 0.35% | 0.64% | 1.10% | -0.23% | -0.90% | -0.01% | 0.35% | -0.42% | -1.24% |
Benchmark Metrics
Diamond Hill Core Bond Fund has an annualized alpha of 2.65%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 13.66% of S&P 500 Index downside but only 11.75% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.01 may look defensive, but with R2 of 0.00 this fund 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 fund's risk.
- R2 of 0.00 means this fund 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
- 2.65%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 11.75%
- Downside Capture
- 13.66%
Expense Ratio
DHRAX has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DHRAX ranks 23 for risk / return — below 23% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Diamond Hill Core Bond Fund (DHRAX) 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.
| DHRAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.78 | -1.13 |
| Martin ratioReturn relative to average drawdown | 4.77 | 12.44 | -7.67 |
Dividends
Dividend History
Diamond Hill Core Bond Fund provided a 4.42% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.37 | $0.42 | $0.37 | $0.24 | $0.21 | $0.22 | $0.25 | $0.26 | $0.22 |
Dividend yield | 4.42% | 4.02% | 4.72% | 4.05% | 2.63% | 1.99% | 2.05% | 2.49% | 2.69% | 2.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Core Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2024 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.42 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.37 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.21 |
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 Core Bond 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 Core Bond Fund was 16.15%, occurring on Oct 24, 2022. Recovery took 718 trading sessions.
The current Diamond Hill Core Bond Fund drawdown is 1.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -16.15%Oct 2022 | 1y 2mo | 2y 10mo | 4y 1moAug 2021 - Sep 2025 |
COVID crash2020 | -7.28%Mar 2020 | 15d | 3mo 28d | 4mo 13dMar 2020 - Jul 2020 |
2021 pullback2021 | -3.21%Mar 2021 | 7mo 13d | 4mo 17d | 12moAug 2020 - Aug 2021 |
2018 pullback2018 | -2.75%May 2018 | 8mo 8d | 7mo 5d | 1y 3moSep 2017 - Dec 2018 |
2026 pullback2026 | -2.71%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
Drawdown Indicators
| DHRAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -56.78% | +40.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -9.10% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -18.90% | +13.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | -25.43% | +9.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.25% | -1.80% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -10.71% | +7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.03% | -1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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