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Diamond Hill Small Cap Fund Class I (DHSIX) Sharpe Ratio: 1.72

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The Diamond Hill Small Cap Fund seeks long-term capital appreciation by investing primarily in U.S. companies with small market capitalizations, typically those with market caps below $3 billion or within the range of the Russell 2000 Index at the time of purchase.

DHSIX's Sharpe Ratio of 1.72 indicates that for each unit of volatility, it generates 1.72 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

DHSIX Sharpe Ratio Rank

DHSIX Sharpe Ratio Rank: 60.360
Above Average

DHSIX ranks above 60.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

DHSIX Sharpe Ratio Market Positioning

The chart shows DHSIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.94
  • Green zone (top 25%): 1.94 or higher
  • Top 1%: 3.87+
  • Median: 1.59 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Diamond Hill Small Cap Fund Class I's Sharpe Ratio with other mutual funds in the Small Cap Value Equities category across multiple time periods, showing how DHSIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
AVALXAegis Value Fund2.61
MMEYXVictory Integrity Discovery Fund2.33
TSLTXTransamerica Small Cap Value2.26
ICISXVY Columbia Small Cap Value II Portfolio2.24
BSCMXBrandes Small Cap Value Fund2.23
WSCVXWalthausen Small Cap Value Fund2.18
ADKSXAdirondack Small Cap Fund2.15
HRTVXHeartland Value Fund2.13
TASVXPGIM Quant Solutions Small-Cap Value Fund2.12
TASCXThird Avenue Small Cap Value Fund2.12
DHSIXDiamond Hill Small Cap Fund Class I1.72

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows DHSIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when DHSIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does DHSIX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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