DHAMX vs. IVV
DHAMX (Centre American Select Equity Fund) and IVV (iShares Core S&P 500 ETF) are both funds - DHAMX is a Large Cap Blend Equities fund managed by Centre Funds, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, DHAMX returned 14.86%/yr vs 15.58%/yr for IVV. Their correlation of 0.89 suggests significant overlap in exposure. DHAMX charges 1.46%/yr vs 0.03%/yr for IVV.
Performance
DHAMX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, DHAMX achieves a 24.16% return, which is significantly higher than IVV's 8.20% return. Both investments have delivered pretty close results over the past 10 years, with DHAMX having a 14.86% annualized return and IVV not far ahead at 15.58%.
DHAMX
- 1D
- 0.79%
- 1M
- 2.98%
- YTD
- 24.16%
- 6M
- 22.60%
- 1Y
- 47.33%
- 3Y*
- 16.22%
- 5Y*
- 12.92%
- 10Y*
- 14.86%
IVV
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.20%
- 6M
- 7.25%
- 1Y
- 23.72%
- 3Y*
- 20.79%
- 5Y*
- 13.13%
- 10Y*
- 15.58%
DHAMX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHAMX Centre American Select Equity Fund | 24.16% | 19.37% | 1.33% | 14.91% | -3.34% | 27.41% | 30.79% | 16.38% | -3.82% | 25.26% |
IVV iShares Core S&P 500 ETF | 8.20% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between DHAMX and IVV is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011 | 0.89 |
The correlation between DHAMX and IVV shifts across timeframes, from 0.73 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DHAMX vs. IVV — Risk / Return Rank
DHAMX
IVV
DHAMX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centre American Select Equity Fund (DHAMX) and iShares Core S&P 500 ETF (IVV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DHAMX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.35 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 2.68 | +2.25 |
| Martin ratioReturn relative to average drawdown | 17.95 | 11.98 | +5.98 |
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Drawdowns
DHAMX vs. IVV - Drawdown Comparison
The maximum DHAMX drawdown since its inception was -28.47%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for DHAMX and IVV.
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Drawdown Indicators
| DHAMX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.47% | -55.25% | +26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -8.89% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -28.47% | -18.75% | -9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -28.47% | -24.53% | -3.94% |
Max Drawdown (10Y)Largest decline over 10 years | -28.47% | -33.90% | +5.43% |
Current DrawdownCurrent decline from peak | -0.24% | -3.14% | +2.90% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -10.76% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.99% | +0.71% |
Volatility
DHAMX vs. IVV - Volatility Comparison
Centre American Select Equity Fund (DHAMX) has a higher volatility of 5.86% compared to iShares Core S&P 500 ETF (IVV) at 4.88%. This indicates that DHAMX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHAMX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 4.88% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 9.85% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 12.48% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 16.98% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 18.07% | -0.64% |
DHAMX vs. IVV - Expense Ratio Comparison
DHAMX has a 1.46% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
DHAMX vs. IVV - Dividend Comparison
DHAMX's dividend yield for the trailing twelve months is around 29.04%, more than IVV's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHAMX Centre American Select Equity Fund | 29.04% | 36.05% | 0.00% | 2.58% | 1.37% | 16.31% | 4.52% | 9.94% | 22.37% | 13.14% | 3.57% | 11.03% |
IVV iShares Core S&P 500 ETF | 1.11% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
DHAMX and IVV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHAMX has higher volatility (5.86%) compared to IVV (4.88%). In terms of maximum drawdown, DHAMX dropped -28.47% vs IVV's -55.25%.
DHAMX currently has the higher Sharpe Ratio (3.02 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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