Diamond Hill Long-Short Fund (DIAMX)
The fund invests its assets in U.S. equity securities of any size capitalization that the Adviser believes are undervalued and selling short U.S. equity securities of any size capitalization the Adviser believes are overvalued. The Adviser focuses on estimating a company's value independent of its current stock price. The fund also will sell securities short. Short sales are effected when it is believed that the price of a particular security will decline, and involves the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price.
Fund Info
| ISIN | US25264S4030 |
|---|---|
| CUSIP | 25264S403 |
| Issuer | Diamond Hill |
| Inception Date | Jun 29, 2000 |
| Category | Long-Short |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
DIAMX has a high expense ratio of 1.36%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: DIAMX vs. QQQ, DIAMX vs. TQQQ, DIAMX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Diamond Hill Long-Short Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Diamond Hill Long-Short Fund had a return of 10.43% year-to-date (YTD) and 23.47% in the last 12 months. Over the past 10 years, Diamond Hill Long-Short Fund had an annualized return of 6.15%, while the S&P 500 had an annualized return of 10.67%, indicating that Diamond Hill Long-Short Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.43% | 9.49% |
| 1 month | 0.81% | 1.20% |
| 6 months | 17.09% | 18.29% |
| 1 year | 23.47% | 26.44% |
| 5 years (annualized) | 7.53% | 12.64% |
| 10 years (annualized) | 6.15% | 10.67% |
Monthly Returns
The table below presents the monthly returns of DIAMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.65% | 2.02% | 4.56% | -2.00% | 10.43% | ||||||||
| 2023 | 6.67% | -2.53% | -3.31% | 2.43% | -2.21% | 3.01% | 2.36% | -0.78% | -0.39% | -1.58% | 5.22% | 3.20% | 12.14% |
| 2022 | 2.05% | -2.44% | 0.47% | -4.47% | 2.83% | -7.48% | 4.04% | -2.13% | -7.00% | 5.31% | 2.38% | -1.70% | -8.75% |
| 2021 | -2.78% | 7.35% | 4.18% | 4.12% | 1.91% | -1.91% | 1.40% | 1.01% | -1.30% | 2.94% | -2.92% | 4.12% | 19.04% |
| 2020 | -3.73% | -5.77% | -15.60% | 8.69% | 2.61% | 1.69% | 1.23% | 2.38% | -2.79% | 0.00% | 11.30% | 2.12% | -0.56% |
| 2019 | 7.55% | 1.35% | -0.16% | 5.93% | -4.84% | 5.96% | 1.40% | -3.09% | 3.00% | 0.67% | 2.48% | 1.17% | 22.80% |
| 2018 | 2.41% | -2.01% | -2.44% | -0.59% | 0.24% | 0.64% | 3.36% | 1.03% | 1.10% | -5.24% | 1.58% | -7.10% | -7.32% |
| 2017 | 1.61% | 2.13% | -0.93% | 0.04% | -0.82% | 1.38% | 0.19% | -1.51% | 0.71% | 0.43% | 1.09% | 1.26% | 5.65% |
| 2016 | -4.79% | 0.72% | 4.69% | 0.73% | 1.14% | -3.52% | 3.64% | 1.51% | 0.70% | 0.37% | 3.92% | 1.14% | 10.28% |
| 2015 | -4.65% | 5.49% | -0.79% | 1.39% | 0.83% | -1.19% | 0.08% | -2.95% | -3.34% | 5.49% | 0.88% | -2.37% | -1.67% |
| 2014 | -1.48% | 1.73% | 1.48% | 0.53% | 0.79% | 2.53% | -1.15% | 1.42% | -1.61% | 0.69% | 1.16% | 1.02% | 7.23% |
| 2013 | 5.84% | 0.47% | 2.12% | 0.71% | 3.17% | -0.44% | 3.19% | -1.95% | 1.74% | 3.14% | 1.43% | 1.59% | 22.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DIAMX is 94, placing it in the top 6% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DIAMX (Diamond Hill Long-Short Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Diamond Hill Long-Short Fund (DIAMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Diamond Hill Long-Short Fund granted a 3.65% dividend yield in the last twelve months. The annual payout for that period amounted to $1.05 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.05 | $1.05 | $1.22 | $3.00 | $0.25 | $1.66 | $1.13 | $0.55 | $0.85 | $0.11 | $0.00 | $0.05 |
Dividend yield | 3.65% | 4.03% | 5.07% | 10.81% | 0.97% | 6.32% | 4.94% | 2.15% | 3.42% | 0.48% | 0.00% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Long-Short 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.22 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.00 | $3.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $1.66 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Diamond Hill Long-Short 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 Long-Short Fund was 40.92%, occurring on Mar 9, 2009. Recovery took 977 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.92% | May 21, 2008 | 200 | Mar 9, 2009 | 977 | Jan 25, 2013 | 1177 |
| -36.2% | May 23, 2001 | 343 | Oct 9, 2002 | 443 | Jul 16, 2004 | 786 |
| -31.57% | Jan 21, 2020 | 44 | Mar 23, 2020 | 201 | Jan 7, 2021 | 245 |
| -16.96% | Feb 3, 2022 | 166 | Sep 30, 2022 | 318 | Jan 8, 2024 | 484 |
| -15.15% | Sep 21, 2018 | 65 | Dec 24, 2018 | 79 | Apr 18, 2019 | 144 |
Volatility
Volatility Chart
The current Diamond Hill Long-Short Fund volatility is 2.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.