- ISIN
- US25264S3040
- CUSIP
- 25264S304
- Issuer
- Diamond Hill
- Inception Date
- Dec 29, 2000
- Category
- Small Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DHSCX Performance Chart
Diamond Hill Small Cap Fund (DHSCX) is up 22.2% since the beginning of the year. DHSCX is currently trading at $30 per share. Investors who bought $1,000 worth of DHSCX shares 5 years ago would now be looking at an investment worth $1,814.
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Returns By Period
Diamond Hill Small Cap Fund (DHSCX) has returned 22.18% so far this year and 41.55% over the past 12 months. Over the last ten years, DHSCX has returned 10.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Diamond Hill Small Cap Fund
- 1D
- 2.03%
- 1M
- 7.27%
- YTD
- 22.18%
- 6M
- 19.85%
- 1Y
- 41.55%
- 3Y*
- 19.69%
- 5Y*
- 12.65%
- 10Y*
- 10.36%
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%
DHSCX Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 2000, DHSCX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +17.9%, while the worst month was Mar 2020 at -25.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DHSCX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.6%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.64% | 1.82% | -4.86% | 9.90% | 1.63% | 5.89% | 22.18% | ||||||
| 2025 | 1.74% | -6.92% | -6.70% | -3.05% | 9.23% | 5.43% | 3.35% | 5.84% | -1.37% | -1.67% | 2.70% | 3.73% | 11.48% |
| 2024 | -2.00% | 3.21% | 5.79% | -6.83% | 5.15% | -1.50% | 9.42% | -2.37% | 1.42% | -0.65% | 10.47% | -8.18% | 12.75% |
| 2023 | 11.89% | 0.50% | -5.54% | 0.08% | -3.75% | 10.34% | 4.03% | -5.03% | -4.54% | -6.52% | 10.67% | 12.58% | 23.99% |
| 2022 | -5.93% | 1.87% | -0.36% | -6.24% | 0.10% | -9.80% | 8.94% | -2.26% | -7.59% | 10.25% | 4.04% | -6.94% | -15.11% |
| 2021 | -0.78% | 12.86% | 3.49% | 4.46% | 2.56% | -2.81% | -1.26% | 3.93% | -0.73% | 4.78% | -2.48% | 5.32% | 32.30% |
Benchmark Metrics
Diamond Hill Small Cap Fund has an annualized alpha of 3.85%, beta of 0.92, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since December 29, 2000.
- This fund captured 109.33% of S&P 500 Index gains but only 95.62% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.85% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.92 and R2 of 0.73, 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
- 3.85%
- Beta
- 0.92
- R²
- 0.73
- Upside Capture
- 109.33%
- Downside Capture
- 95.62%
Expense Ratio
DHSCX has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DHSCX ranks 64 for risk / return — better than 64% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Diamond Hill Small Cap Fund (DHSCX) 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.
| DHSCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 2.78 | +0.94 |
| Martin ratioReturn relative to average drawdown | 12.04 | 12.44 | -0.40 |
Dividends
Dividend History
Diamond Hill Small Cap Fund provided a 4.75% dividend yield over the last twelve months, with an annual payout of $1.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.41 | $1.41 | $3.70 | $7.24 | $4.55 | $6.05 | $0.10 | $2.17 | $2.83 | $2.38 | $0.86 | $0.50 |
Dividend yield | 4.75% | 5.80% | 16.10% | 30.73% | 18.17% | 17.43% | 0.32% | 6.94% | 10.29% | 6.68% | 2.50% | 1.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Small 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $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 | $1.41 | $1.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.70 | $3.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.24 | $7.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.55 | $4.55 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.05 | $6.05 |
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 Small 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 Cap Fund was 53.15%, occurring on Mar 9, 2009. Recovery took 440 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.15%Mar 2009 | 1y 9mo | 1y 8mo | 3y 6moJun 2007 - Dec 2010 |
COVID crash2020 | -46.19%Mar 2020 | 1y 6mo | 9mo 19d | 2y 4moAug 2018 - Jan 2021 |
Dot-com crash2000–2002 | -31.17%Oct 2002 | 4mo 26d | 9mo 3d | 1y 1moMay 2002 - Jul 2003 |
2025 selloff2025 | -28.41%Apr 2025 | 4mo 13d | 5mo 13d | 9mo 26dNov 2024 - Sep 2025 |
2011 bear market2011 | -25.41%Oct 2011 | 5mo 4d | 1y 3mo | 1y 8moMay 2011 - Jan 2013 |
Drawdown Indicators
| DHSCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.15% | -56.78% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -9.10% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -28.41% | -18.90% | -9.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.41% | -25.43% | -2.98% |
Max Drawdown (10Y)Largest decline over 10 years | -46.19% | -33.92% | -12.27% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -10.71% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.03% | +1.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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