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Diamond Hill All Cap Select Fund (DHTAX) Sharpe Ratio: 1.24

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund normally invests its assets in U.S. equity securities of any size capitalization that the Adviser believes are undervalued. Equity securities consist of common and preferred stocks. The Adviser focuses on estimating a company's value independent of its current stock price. The Adviser also considers the level of industry competition, regulatory factors, the threat of technological obsolescence, and a variety of other industry factors. The fund is non-diversified.

DHTAX's Sharpe Ratio of 1.24 indicates that for each unit of volatility, it generates 1.24 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 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.

DHTAX Sharpe Ratio Rank

DHTAX Sharpe Ratio Rank: 18.819
Concerning

DHTAX ranks above 18.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. 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

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

DHTAX Sharpe Ratio Market Positioning

The chart shows DHTAX'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%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.66+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Diamond Hill All Cap Select Fund's Sharpe Ratio with other mutual funds in the Mid Cap Value Equities category across multiple time periods, showing how DHTAX'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 Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SMVTXVirtus Ceredex Mid-Cap Value Equity Fund2.99
VVOIXInvesco Value Opportunities Fund Class Y2.95
VVOAXInvesco Value Opportunities Fund2.94
ARFFXAriel Focus Fund2.91
HAMVXHarbor Mid Cap Value Fund2.75
UMCVXInvesco V.I. American Value Fund2.71
FMUEXRBB Free Market U.S. Equity Fund2.66
FIUSXDelaware Opportunity Fund2.60
TGVOXTCW Relative Value Mid Cap Fund2.59
NQVRXNuveen Multi Cap Value Fund2.58
DHTAXDiamond Hill All Cap Select Fund1.24

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows DHTAX'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 DHTAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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