Correlation
The correlation between DHEAX and SPSB 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.
DHEAX vs. SPSB
Compare and contrast key facts about Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
DHEAX is managed by Diamond Hill. It was launched on Jul 5, 2016. SPSB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. It was launched on Dec 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHEAX or SPSB.
Performance
DHEAX vs. SPSB - Performance Comparison
Loading data...
Key characteristics
DHEAX:
6.03
SPSB:
3.95
DHEAX:
10.45
SPSB:
6.19
DHEAX:
3.04
SPSB:
1.88
DHEAX:
15.91
SPSB:
8.35
DHEAX:
79.95
SPSB:
27.09
DHEAX:
0.10%
SPSB:
0.24%
DHEAX:
1.32%
SPSB:
1.65%
DHEAX:
-12.34%
SPSB:
-11.75%
DHEAX:
-0.40%
SPSB:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with DHEAX having a 2.24% return and SPSB slightly lower at 2.21%.
DHEAX
2.24%
0.00%
2.98%
7.93%
6.28%
5.61%
N/A
SPSB
2.21%
0.13%
2.55%
6.46%
4.02%
2.22%
2.34%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DHEAX vs. SPSB - Expense Ratio Comparison
DHEAX has a 0.83% expense ratio, which is higher than SPSB's 0.07% expense ratio.
Risk-Adjusted Performance
DHEAX vs. SPSB — Risk-Adjusted Performance Rank
DHEAX
SPSB
DHEAX vs. SPSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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.
Loading data...
Dividends
DHEAX vs. SPSB - Dividend Comparison
DHEAX's dividend yield for the trailing twelve months is around 5.89%, more than SPSB's 4.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.84% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% | 1.26% |
Drawdowns
DHEAX vs. SPSB - Drawdown Comparison
The maximum DHEAX drawdown since its inception was -12.34%, which is greater than SPSB's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for DHEAX and SPSB.
Loading data...
Volatility
DHEAX vs. SPSB - Volatility Comparison
Diamond Hill Short Duration Securitized Bond Fund (DHEAX) has a higher volatility of 0.50% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.47%. This indicates that DHEAX's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...