Correlation
The correlation between DHEAX and SPTS 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. SPTS
Compare and contrast key facts about Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and SPDR Portfolio Short Term Treasury ETF (SPTS).
DHEAX is managed by Diamond Hill. It was launched on Jul 5, 2016. SPTS is a passively managed fund by State Street that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Nov 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHEAX or SPTS.
Performance
DHEAX vs. SPTS - Performance Comparison
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Key characteristics
DHEAX:
6.08
SPTS:
3.43
DHEAX:
10.59
SPTS:
5.47
DHEAX:
3.07
SPTS:
1.74
DHEAX:
16.13
SPTS:
6.17
DHEAX:
79.61
SPTS:
17.03
DHEAX:
0.10%
SPTS:
0.35%
DHEAX:
1.32%
SPTS:
1.72%
DHEAX:
-12.34%
SPTS:
-5.83%
DHEAX:
-0.30%
SPTS:
-0.24%
Returns By Period
In the year-to-date period, DHEAX achieves a 2.35% return, which is significantly higher than SPTS's 2.06% return.
DHEAX
2.35%
0.00%
2.97%
8.01%
6.35%
5.63%
N/A
SPTS
2.06%
-0.24%
2.44%
5.84%
2.99%
1.19%
1.51%
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DHEAX vs. SPTS - Expense Ratio Comparison
DHEAX has a 0.83% expense ratio, which is higher than SPTS's 0.06% expense ratio.
Risk-Adjusted Performance
DHEAX vs. SPTS — Risk-Adjusted Performance Rank
DHEAX
SPTS
DHEAX vs. SPTS - 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 Treasury ETF (SPTS). 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. SPTS - Dividend Comparison
DHEAX's dividend yield for the trailing twelve months is around 5.36%, more than SPTS's 4.17% 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% |
SPTS SPDR Portfolio Short Term Treasury ETF | 4.17% | 4.25% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% |
Drawdowns
DHEAX vs. SPTS - Drawdown Comparison
The maximum DHEAX drawdown since its inception was -12.34%, which is greater than SPTS's maximum drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for DHEAX and SPTS.
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Volatility
DHEAX vs. SPTS - Volatility Comparison
Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and SPDR Portfolio Short Term Treasury ETF (SPTS) have volatilities of 0.50% and 0.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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