- Issuer
- Diamond Hill
- Inception Date
- Dec 29, 2000
- Category
- Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DHSIX Performance Chart
Diamond Hill Small Cap Fund Class I (DHSIX) is up 22.3% since the beginning of the year. DHSIX is currently trading at $31 per share. Investors who bought $1,000 worth of DHSIX shares 5 years ago would now be looking at an investment worth $1,839.
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Returns By Period
Diamond Hill Small Cap Fund Class I (DHSIX) has returned 22.33% so far this year and 41.91% over the past 12 months. Over the last ten years, DHSIX has returned 10.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Diamond Hill Small Cap Fund Class I
- 1D
- 2.01%
- 1M
- 7.29%
- YTD
- 22.33%
- 6M
- 20.01%
- 1Y
- 41.91%
- 3Y*
- 20.01%
- 5Y*
- 12.96%
- 10Y*
- 10.68%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DHSIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 29, 2005, DHSIX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 60% of months were positive and 40% 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 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DHSIX 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 | 6.65% | 1.86% | -4.85% | 9.96% | 1.60% | 5.93% | 22.33% | ||||||
| 2025 | 1.80% | -6.91% | -6.68% | -3.03% | 9.28% | 5.45% | 3.35% | 5.87% | -1.36% | -1.65% | 2.76% | 3.74% | 11.83% |
| 2024 | -1.93% | 3.23% | 5.81% | -6.80% | 5.15% | -1.45% | 9.47% | -2.36% | 1.45% | -0.62% | 10.48% | -8.17% | 13.10% |
| 2023 | 11.92% | 0.52% | -5.51% | 0.07% | -3.73% | 10.38% | 4.07% | -5.03% | -4.50% | -6.50% | 10.70% | 12.50% | 24.25% |
| 2022 | -5.90% | 1.89% | -0.35% | -6.20% | 0.13% | -9.78% | 8.96% | -2.21% | -7.59% | 10.27% | 4.04% | -6.89% | -14.85% |
| 2021 | -0.73% | 12.86% | 3.51% | 4.49% | 2.57% | -2.76% | -1.23% | 3.94% | -0.69% | 4.82% | -2.48% | 5.35% | 32.69% |
Benchmark Metrics
Diamond Hill Small Cap Fund Class I has an annualized alpha of 0.23%, beta of 0.97, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since April 29, 2005.
- With beta of 0.97 and R2 of 0.75, 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
- 0.23%
- Beta
- 0.97
- R²
- 0.75
- Upside Capture
- 98.86%
- Downside Capture
- 101.70%
Expense Ratio
DHSIX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DHSIX ranks 65 for risk / return — better than 65% 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 Class I (DHSIX) 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.
| DHSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 2.78 | +1.00 |
| Martin ratioReturn relative to average drawdown | 12.22 | 12.44 | -0.22 |
Dividends
Dividend History
Diamond Hill Small Cap Fund Class I provided a 4.69% dividend yield over the last twelve months, with an annual payout of $1.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.45 | $1.45 | $3.77 | $7.31 | $4.64 | $6.16 | $0.19 | $2.27 | $2.93 | $2.49 | $0.93 | $0.61 |
Dividend yield | 4.69% | 5.74% | 15.81% | 30.09% | 18.06% | 17.39% | 0.61% | 7.13% | 10.46% | 6.90% | 2.68% | 1.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Small Cap Fund Class I. 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 | $1.45 | $1.45 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.77 | $3.77 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.31 | $7.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.64 | $4.64 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.16 | $6.16 |
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 Class I. 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 Class I was 52.83%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -52.83%Mar 2009 | 1y 9mo | 1y 8mo | 3y 5moJun 2007 - Nov 2010 |
COVID crash2020 | -45.96%Mar 2020 | 1y 6mo | 9mo 19d | 2y 4moAug 2018 - Jan 2021 |
2025 selloff2025 | -28.33%Apr 2025 | 4mo 13d | 5mo 13d | 9mo 26dNov 2024 - Sep 2025 |
2011 bear market2011 | -25.32%Oct 2011 | 5mo 4d | 1y 3mo | 1y 8moMay 2011 - Jan 2013 |
Bear market2022 | -22.28%Jun 2022 | 5mo 12d | 1y 6mo | 1y 11moJan 2022 - Dec 2023 |
Drawdown Indicators
| DHSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.83% | -56.78% | +3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -9.10% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -28.33% | -18.90% | -9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -25.43% | -2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -45.96% | -33.92% | -12.04% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -10.71% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.03% | +1.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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