DHEAX vs. DHLAX
Compare and contrast key facts about Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and Diamond Hill Large Cap Fund (DHLAX).
DHEAX is managed by Diamond Hill. It was launched on Jul 5, 2016. DHLAX is managed by Diamond Hill. It was launched on Jun 29, 2001.
Performance
DHEAX vs. DHLAX - Performance Comparison
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DHEAX vs. DHLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHEAX Diamond Hill Short Duration Securitized Bond Fund | 0.75% | 5.70% | 9.15% | 8.38% | -3.57% | 2.42% | 2.87% | 4.44% | 2.88% | 3.97% |
DHLAX Diamond Hill Large Cap Fund | -4.09% | 5.34% | 22.53% | 13.36% | -13.67% | 25.40% | 8.63% | 31.84% | -9.89% | 18.69% |
Returns By Period
In the year-to-date period, DHEAX achieves a 0.75% return, which is significantly higher than DHLAX's -4.09% return.
DHEAX
- 1D
- 0.11%
- 1M
- -0.29%
- YTD
- 0.75%
- 6M
- 1.62%
- 1Y
- 4.87%
- 3Y*
- 7.37%
- 5Y*
- 4.17%
- 10Y*
- —
DHLAX
- 1D
- 0.10%
- 1M
- -7.94%
- YTD
- -4.09%
- 6M
- -2.82%
- 1Y
- -0.23%
- 3Y*
- 12.26%
- 5Y*
- 6.56%
- 10Y*
- 10.19%
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DHEAX vs. DHLAX - Expense Ratio Comparison
DHEAX has a 0.83% expense ratio, which is lower than DHLAX's 0.96% expense ratio.
Return for Risk
DHEAX vs. DHLAX — Risk / Return Rank
DHEAX
DHLAX
DHEAX vs. DHLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and Diamond Hill Large Cap Fund (DHLAX). 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.
| DHEAX | DHLAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.13 | 0.06 | +4.07 |
Sortino ratioReturn per unit of downside risk | 6.62 | 0.20 | +6.42 |
Omega ratioGain probability vs. loss probability | 2.22 | 1.03 | +1.20 |
Calmar ratioReturn relative to maximum drawdown | 10.12 | -0.06 | +10.19 |
Martin ratioReturn relative to average drawdown | 38.95 | -0.22 | +39.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DHEAX | DHLAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.13 | 0.06 | +4.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.77 | 0.40 | +2.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.73 | 0.45 | +1.28 |
Correlation
The correlation between DHEAX and DHLAX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DHEAX vs. DHLAX - Dividend Comparison
DHEAX's dividend yield for the trailing twelve months is around 5.72%, less than DHLAX's 6.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHEAX Diamond Hill Short Duration Securitized Bond Fund | 5.72% | 5.27% | 5.94% | 5.25% | 3.41% | 2.31% | 2.92% | 3.76% | 3.45% | 3.20% | 0.00% | 0.00% |
DHLAX Diamond Hill Large Cap Fund | 6.31% | 6.05% | 19.46% | 3.07% | 6.34% | 7.28% | 3.01% | 4.50% | 4.28% | 4.53% | 6.30% | 4.79% |
Drawdowns
DHEAX vs. DHLAX - Drawdown Comparison
The maximum DHEAX drawdown since its inception was -12.34%, smaller than the maximum DHLAX drawdown of -52.68%. Use the drawdown chart below to compare losses from any high point for DHEAX and DHLAX.
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Drawdown Indicators
| DHEAX | DHLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.34% | -52.68% | +40.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.50% | -11.85% | +11.35% |
Max Drawdown (5Y)Largest decline over 5 years | -5.06% | -23.36% | +18.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.92% | — |
Current DrawdownCurrent decline from peak | -0.29% | -8.27% | +7.98% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -7.58% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 3.47% | -3.34% |
Volatility
DHEAX vs. DHLAX - Volatility Comparison
The current volatility for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) is 0.42%, while Diamond Hill Large Cap Fund (DHLAX) has a volatility of 3.20%. This indicates that DHEAX experiences smaller price fluctuations and is considered to be less risky than DHLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHEAX | DHLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 3.20% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 8.47% | -7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.19% | 16.46% | -15.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.51% | 16.43% | -14.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.29% | 18.32% | -16.03% |