Diamond Hill Long-Short Fund (DIAMX) Alternatives
Diamond Hill Long-Short Fund (DIAMX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DIAMX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to DIAMX
DIAMX charges 1.36% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among DIAMX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | Jan 27, 2021 | DIAMX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | Jun 26, 2014 | DIAMX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | Jan 20, 2026 | DIAMX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | Nov 1, 2009 | DIAMX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | Dec 30, 2012 | DIAMX vs BTPIX |
Best Risk-Adjusted Alternatives to DIAMX
Among mutual funds in the Long-Short category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | Dec 20, 2012 | DIAMX vs BDMIX | |
| AQR Long-Short Equity Fund | 94 | Jul 15, 2013 | DIAMX vs QLEIX | |
| AQR Long-Short Equity N | 94 | Jul 16, 2013 | DIAMX vs QLENX | |
| Boston Partners Long/Short Equity Fund | 94 | Nov 16, 1998 | DIAMX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 91 | Nov 11, 1998 | DIAMX vs VMNFX |
Top Performing DIAMX Alternatives (YTD)
DIAMX alternatives from the Long-Short category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 10.98% | Jul 6, 2003 | DIAMX vs SAOAX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | 9.37% | Dec 3, 2014 | DIAMX vs PWLIX | |
| Parvin Hedged Equity Solari World Fund | 6.81% | Jan 27, 2021 | DIAMX vs PHSWX | |
| Easterly Snow Capital Long/Short Opportunity Fund | 6.23% | Apr 27, 2006 | DIAMX vs SNOIX | |
| John Hancock Disciplined Value Global Long/Short F... | 5.90% | Apr 11, 2014 | DIAMX vs JAKVX |
Lowest Volatility Alternatives to DIAMX
DIAMX alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| MFS Managed Wealth Fund | 5.84% | Jun 26, 2014 | DIAMX vs MNWIX | |
| Federated Hermes MDT Market Neutral A | 6.38% | Sep 30, 2008 | DIAMX vs QAMNX | |
| Neuberger Berman Long Short Fund | 6.46% | Dec 28, 2011 | DIAMX vs NLSIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | Dec 1, 2019 | DIAMX vs KCEIX | |
| AB Select US Long/Short Portfolio | 6.63% | Dec 11, 2012 | DIAMX vs ASILX |
Lowest Drawdown Alternatives to DIAMX
DIAMX alternatives from the Long-Short category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -3.50% | Dec 1, 2019 | DIAMX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.60% | Dec 20, 2012 | DIAMX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.62% | Dec 11, 2012 | DIAMX vs ASILX | |
| Quantitative U.S. Long/Short Equity Portfolio | -4.15% | Sep 28, 2006 | DIAMX vs GTAPX | |
| Federated Hermes MDT Market Neutral A | -4.16% | Sep 30, 2008 | DIAMX vs QAMNX |
Other Mutual Funds from Diamond Hill
Most popular Diamond Hill mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Diamond Hill Short Duration Securitized Bond Fund | Short-Term Bond | 99 | 0.85% | Jul 5, 2016 | DIAMX vs DHEAX | |
| Diamond Hill Large Cap Fund | Large Cap Value Equities | 7 | -2.50% | Jun 29, 2001 | DIAMX vs DHLAX | |
| Diamond Hill All Cap Select Fund | Mid Cap Value Equities | 39 | -0.61% | Dec 30, 2005 | DIAMX vs DHTAX | |
| Diamond Hill Small Cap Fund | Small Cap Value Equities | 73 | 3.30% | Dec 29, 2000 | DIAMX vs DHSCX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | Short-Term Bond | 99 | 0.82% | Jul 5, 2016 | DIAMX vs DHEIX | |
| Diamond Hill Small-Mid Cap Fund | Mid Cap Value Equities | 36 | -2.73% | Dec 30, 2005 | DIAMX vs DHMAX | |
| Diamond Hill Core Bond Fund | Intermediate Core Bond | 45 | 0.16% | Jul 5, 2016 | DIAMX vs DHRAX | |
| Diamond Hill Mid Cap Fund | Mid Cap Value Equities | 22 | -2.69% | Dec 31, 2013 | DIAMX vs DHPAX | |
| Diamond Hill International Fund | Foreign Large Cap Equities | 86 | 3.40% | Jun 28, 2019 | DIAMX vs DHIAX | |
| Diamond Hill Large Cap Fund Class I | Large Cap Value Equities | 6 | -2.43% | Jan 31, 2005 | DIAMX vs DHLRX |
Often Compared With DIAMX
What investors most often compare with DIAMX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Boston Partners Long/Short Research Fund | Long-Short | 66 | -0.71% | Sep 29, 2010 | DIAMX vs BPIRX | |
| AQR Alternative Risk Premia Fund | Multistrategy | 81 | 9.02% | Sep 18, 2017 | DIAMX vs QRPIX | |
| Meeder Spectrum Fund | Long-Short | 73 | -1.71% | Jan 1, 2015 | DIAMX vs FLSPX | |
| ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 47 | -17.87% | Feb 9, 2010 | DIAMX vs TQQQ | |
| State Street SPDR S&P 500 ETF | S&P 500 | 59 | -3.65% | Jan 22, 1993 | DIAMX vs SPY | |
| Vanguard S&P 500 ETF | S&P 500 | 60 | -3.66% | Sep 7, 2010 | DIAMX vs VOO | |
| Invesco QQQ ETF | Large Cap Growth Equities | 65 | -4.76% | Mar 10, 1999 | DIAMX vs QQQ | |
| Visa Inc. | 15 | -14.71% | — | DIAMX vs V | ||
| Diamond Hill Small Cap Fund Class I | Small Cap Value Equities | 68 | 3.37% | Dec 29, 2000 | DIAMX vs DHSIX |
Compare DIAMX with Any Fund or Stock
Compare DIAMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.