BEDY vs. DHLX

Last updated Jun 4, 2026

BEDY (BNY Mellon Enhanced Dividend Income ETF) and DHLX (Diamond Hill Large Cap Concentrated ETF) are both Large Cap Value Equities funds. BEDY is actively managed, while DHLX is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. BEDY charges 0.50%/yr vs 0.55%/yr for DHLX.

Performance

BEDY vs. DHLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Enhanced Dividend Income ETF (BEDY) and Diamond Hill Large Cap Concentrated ETF (DHLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEDY achieves a 10.40% return, which is significantly higher than DHLX's -1.71% return.

BEDY

• 1D: -0.33%
• 1M: 2.93%
• YTD: 10.40%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DHLX

• 1D: -0.62%
• 1M: -2.97%
• YTD: -1.71%
• 6M: 0.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEDY vs. DHLX - Yearly Performance Comparison

	2026 (YTD)	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	10.40%	1.62%
DHLX Diamond Hill Large Cap Concentrated ETF	-1.71%	2.39%

Correlation

The correlation between BEDY and DHLX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.71

Return for Risk

BEDY vs. DHLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) and Diamond Hill Large Cap Concentrated ETF (DHLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEDY	DHLX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	-0.06	+2.33

Drawdowns

BEDY vs. DHLX - Drawdown Comparison

The maximum BEDY drawdown since its inception was -6.25%, smaller than the maximum DHLX drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for BEDY and DHLX.

Drawdown Indicators

	BEDY	DHLX	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-8.40%	+2.15%
Current Drawdown Current decline from peak	-0.33%	-5.56%	+5.23%
Average Drawdown Average peak-to-trough decline	-1.36%	-2.38%	+1.02%

Volatility

Volatility by Period

	BEDY	DHLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	11.43%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.98%	11.43%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.98%	11.43%	+0.55%

BEDY vs. DHLX - Expense Ratio Comparison

BEDY has a 0.50% expense ratio, which is lower than DHLX's 0.55% expense ratio.

Dividends

BEDY vs. DHLX - Dividend Comparison

BEDY's dividend yield for the trailing twelve months is around 3.35%, more than DHLX's 0.41% yield.

Position	TTM	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	3.35%	0.09%
DHLX Diamond Hill Large Cap Concentrated ETF	0.41%	0.15%

Frequently Asked Questions

Can I hold both BEDY and DHLX in my portfolio?

BEDY and DHLX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEDY or DHLX?

On fees, BEDY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEDY or DHLX?

BEDY is cheaper with a 0.50% expense ratio, compared with 0.55% for DHLX.

Which ETF pays a higher dividend yield, BEDY or DHLX?

BEDY has the higher dividend yield at 3.35%, compared with 0.41% for DHLX.

What is the main difference between BEDY and DHLX?

They also come from different issuers: BNY Mellon and Diamond Hill. Their fees differ too: 0.50% for BEDY and 0.55% for DHLX.