- ISIN
- US25264S7751
- CUSIP
- 25264S775
- Issuer
- Diamond Hill
- Inception Date
- Dec 30, 2005
- Category
- Mid Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DHTAX Performance Chart
Diamond Hill All Cap Select Fund (DHTAX) is up 1.2% since the beginning of the year. DHTAX is currently trading at $25 per share. Investors who bought $1,000 worth of DHTAX shares 5 years ago would now be looking at an investment worth $1,546.
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Returns By Period
Diamond Hill All Cap Select Fund (DHTAX) has returned 1.18% so far this year and 13.41% over the past 12 months. Over the last ten years, DHTAX has returned 12.70% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Diamond Hill All Cap Select Fund
- 1D
- 0.89%
- 1M
- -1.11%
- YTD
- 1.18%
- 6M
- -0.12%
- 1Y
- 13.41%
- 3Y*
- 13.46%
- 5Y*
- 9.11%
- 10Y*
- 12.70%
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%
DHTAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2006, DHTAX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +16.5%, while the worst month was Mar 2020 at -25.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DHTAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.00% | 3.39% | -5.76% | 3.48% | -0.87% | -0.76% | 1.18% | ||||||
| 2025 | 3.41% | -2.68% | -4.07% | -4.07% | 5.71% | 5.75% | 2.43% | 4.67% | -2.15% | -0.79% | 2.53% | 2.52% | 13.28% |
| 2024 | 0.32% | 6.22% | 5.43% | -6.52% | 3.01% | -1.38% | 6.78% | 3.14% | -2.27% | -1.42% | 5.79% | -5.85% | 12.75% |
| 2023 | 12.33% | -0.52% | -4.68% | 2.32% | -2.48% | 10.55% | 4.50% | -5.45% | -4.91% | -3.88% | 11.51% | 10.03% | 30.19% |
| 2022 | -3.08% | 1.01% | 0.29% | -8.27% | 0.16% | -10.60% | 11.16% | -3.59% | -10.09% | 8.88% | 5.51% | -7.55% | -17.47% |
| 2021 | -0.71% | 10.16% | 5.21% | 5.52% | 2.50% | -1.74% | 0.75% | 3.57% | -3.23% | 5.54% | -4.45% | 6.72% | 32.89% |
Benchmark Metrics
Diamond Hill All Cap Select Fund has an annualized alpha of 0.26%, beta of 0.99, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since January 03, 2006.
- This fund participated in 105.65% of S&P 500 Index downside but only 104.63% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.99 and R2 of 0.82, 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
- 0.26%
- Beta
- 0.99
- R²
- 0.82
- Upside Capture
- 104.63%
- Downside Capture
- 105.65%
Expense Ratio
DHTAX has a high expense ratio of 1.16%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DHTAX ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Diamond Hill All Cap Select Fund (DHTAX) 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.
| DHTAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.78 | -0.92 |
| Martin ratioReturn relative to average drawdown | 4.72 | 12.44 | -7.72 |
Dividends
Dividend History
Diamond Hill All Cap Select Fund provided a 8.11% dividend yield over the last twelve months, with an annual payout of $2.01 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.01 | $2.01 | $1.56 | $0.06 | $0.69 | $2.94 | $0.05 | $0.31 | $1.46 | $0.00 | $0.17 | $0.41 |
Dividend yield | 8.11% | 8.20% | 6.66% | 0.28% | 4.08% | 13.72% | 0.28% | 1.93% | 11.56% | 0.00% | 1.27% | 3.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill All Cap Select 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 | $2.01 | $2.01 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56 | $1.56 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.94 | $2.94 |
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 All Cap Select 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 All Cap Select Fund was 51.42%, occurring on Mar 9, 2009. Recovery took 538 trading sessions.
The current Diamond Hill All Cap Select Fund drawdown is 4.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -51.42%Mar 2009 | 1y 5mo | 2y 1mo | 3y 6moOct 2007 - Apr 2011 |
COVID crash2020 | -44.28%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 |
Bear market2022 | -24.31%Sep 2022 | 8mo 19d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2016 bear market2016 | -22.65%Jan 2016 | 1y 1mo | 1y 6d | 2y 1moDec 2014 - Jan 2017 |
Rate-hike selloffLate 2018 | -22.40%Dec 2018 | 3mo 26d | 10mo 1d | 1y 1moAug 2018 - Oct 2019 |
Drawdown Indicators
| DHTAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.42% | -56.78% | +5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -9.10% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -18.90% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -25.43% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -44.28% | -33.92% | -10.36% |
Current DrawdownCurrent decline from peak | -4.53% | -1.80% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -10.71% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.03% | +1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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