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 a closer substitute for your current allocation.
Cheapest Alternatives to DIAMX
DIAMX charges 1.36% annually. There are 15 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | DIAMX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | DIAMX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.94M | Jan 2026 | DIAMX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | DIAMX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | DIAMX vs BTPIX |
Best Risk-Adjusted Alternatives to DIAMX
DIAMX has a PortfoliosLab risk / return rank of 6. There are 38 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | — | Dec 2012 | DIAMX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | DIAMX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | DIAMX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 88 | — | Oct 1998 | DIAMX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 88 | 561.90M | Nov 1998 | DIAMX vs VMNFX |
Top Performing DIAMX Alternatives (YTD)
DIAMX is at -7.62% YTD. There are 49 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ACM Dynamic Opportunity Fund | 14.62% | — | Jan 2015 | DIAMX vs ADOIX | |
| Vanguard Market Neutral Fund Investor Shares | 14.39% | 561.90M | Nov 1998 | DIAMX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 14.39% | — | Oct 1998 | DIAMX vs VMNIX | |
| CRM Long/Short Opportunities Fund | 13.95% | — | Aug 2016 | DIAMX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.85% | — | Nov 1998 | DIAMX vs BPLEX |
Lowest Volatility Alternatives to DIAMX
DIAMX has 7.33% 1-year volatility. There are 8 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.29% | — | Dec 2011 | DIAMX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.56% | — | Dec 2012 | DIAMX vs ASILX | |
| MFS Managed Wealth Fund | 5.86% | — | Jun 2014 | DIAMX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.07% | — | Dec 2019 | DIAMX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.17% | — | Jan 2012 | DIAMX vs WRAIX |
Lowest Drawdown Alternatives to DIAMX
DIAMX has a 1-year max drawdown of -8.25%. There are 30 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | DIAMX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | DIAMX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | DIAMX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | DIAMX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | DIAMX vs GARIX |
Other Mutual Funds from Diamond Hill
The 10 most viewed Diamond Hill mutual funds shown here include DHEAX, DHLAX, DHEIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Diamond Hill Short Duration Securitized Bond Fund | Short-Term Bond | 99 | 1.75% | — | Jul 2016 | DIAMX vs DHEAX | |
| Diamond Hill Large Cap Fund | Large Cap Value Equities | 4 | -0.41% | — | Jun 2001 | DIAMX vs DHLAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | Short-Term Bond | 99 | 1.88% | — | Jul 2016 | DIAMX vs DHEIX | |
| Diamond Hill All Cap Select Fund | Mid Cap Value Equities | 16 | 0.94% | — | Dec 2005 | DIAMX vs DHTAX | |
| Diamond Hill Core Bond Fund | Intermediate Core Bond | 21 | 0.48% | — | Jul 2016 | DIAMX vs DHRAX | |
| Diamond Hill Small Cap Fund | Small Cap Value Equities | 64 | 21.85% | — | Dec 2000 | DIAMX vs DHSCX | |
| Diamond Hill Mid Cap Fund | Mid Cap Value Equities | 11 | 1.13% | — | Dec 2013 | DIAMX vs DHPAX | |
| Diamond Hill Small-Mid Cap Fund | Mid Cap Value Equities | 11 | 1.96% | — | Dec 2005 | DIAMX vs DHMAX | |
| Diamond Hill International Fund | Foreign Large Cap Equities | 50 | 11.69% | — | Jun 2019 | DIAMX vs DHIAX | |
| Diamond Hill Small Cap Fund Class I | Small Cap Value Equities | 65 | 22.01% | — | Dec 2000 | DIAMX vs DHSIX |
Often Compared With DIAMX
Investors most often compare DIAMX with QRPIX, BPIRX, FLSPX. These 19 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare DIAMX with Any Fund or Stock
Compare DIAMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DIAMX with funds that move differently
Diamond Hill Long-Short Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DIAMX.
Explore DIAMX Diversifiers