Correlation
The correlation between DHEAX and JBND is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
DHEAX vs. JBND
Compare and contrast key facts about Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and Jpmorgan Active Bond ETF (JBND).
DHEAX is managed by Diamond Hill. It was launched on Jul 5, 2016. JBND is an actively managed fund by JPMorgan. It was launched on Oct 11, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHEAX or JBND.
Performance
DHEAX vs. JBND - Performance Comparison
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Key characteristics
DHEAX:
6.08
JBND:
1.44
DHEAX:
10.59
JBND:
2.08
DHEAX:
3.07
JBND:
1.25
DHEAX:
16.13
JBND:
1.61
DHEAX:
79.61
JBND:
3.59
DHEAX:
0.10%
JBND:
2.00%
DHEAX:
1.32%
JBND:
5.07%
DHEAX:
-12.34%
JBND:
-4.48%
DHEAX:
-0.30%
JBND:
-1.30%
Returns By Period
In the year-to-date period, DHEAX achieves a 2.35% return, which is significantly lower than JBND's 2.92% return.
DHEAX
2.35%
0.00%
2.97%
8.01%
6.35%
5.63%
N/A
JBND
2.92%
-0.68%
1.45%
7.22%
N/A
N/A
N/A
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DHEAX vs. JBND - Expense Ratio Comparison
DHEAX has a 0.83% expense ratio, which is higher than JBND's 0.30% expense ratio.
Risk-Adjusted Performance
DHEAX vs. JBND — Risk-Adjusted Performance Rank
DHEAX
JBND
DHEAX vs. JBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and Jpmorgan Active Bond ETF (JBND). 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.
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Dividends
DHEAX vs. JBND - Dividend Comparison
DHEAX's dividend yield for the trailing twelve months is around 5.36%, more than JBND's 4.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHEAX Diamond Hill Short Duration Securitized Bond Fund | 5.36% | 5.94% | 5.25% | 3.41% | 2.31% | 2.92% | 3.76% | 3.45% | 3.20% | 0.79% |
JBND Jpmorgan Active Bond ETF | 4.44% | 4.58% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DHEAX vs. JBND - Drawdown Comparison
The maximum DHEAX drawdown since its inception was -12.34%, which is greater than JBND's maximum drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for DHEAX and JBND.
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Volatility
DHEAX vs. JBND - Volatility Comparison
The current volatility for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) is 0.50%, while Jpmorgan Active Bond ETF (JBND) has a volatility of 1.51%. This indicates that DHEAX experiences smaller price fluctuations and is considered to be less risky than JBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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