DHEIX vs. DFAIX
Compare and contrast key facts about Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) and DFA Short-Duration Real Return Portfolio (DFAIX).
DHEIX is a passively managed fund by Diamond Hill that tracks the performance of the Bloomberg US 1-3 Yr. Gov./Credit Index. It was launched on Jul 5, 2016. DFAIX is managed by Dimensional. It was launched on Nov 5, 2013.
Performance
DHEIX vs. DFAIX - Performance Comparison
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DHEIX vs. DFAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 0.82% | 6.06% | 9.33% | 8.91% | -3.38% | 2.74% | 3.09% | 4.85% | 3.18% | 4.23% |
DFAIX DFA Short-Duration Real Return Portfolio | 0.86% | 4.86% | 6.38% | 5.64% | -2.77% | 5.40% | 2.75% | 5.63% | 0.11% | 1.61% |
Returns By Period
The year-to-date returns for both investments are quite close, with DHEIX having a 0.82% return and DFAIX slightly higher at 0.86%.
DHEIX
- 1D
- 0.13%
- 1M
- -0.27%
- YTD
- 0.82%
- 6M
- 1.75%
- 1Y
- 5.26%
- 3Y*
- 7.69%
- 5Y*
- 4.48%
- 10Y*
- —
DFAIX
- 1D
- 0.19%
- 1M
- -0.09%
- YTD
- 0.86%
- 6M
- 1.22%
- 1Y
- 3.68%
- 3Y*
- 5.27%
- 5Y*
- 3.82%
- 10Y*
- 3.20%
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DHEIX vs. DFAIX - Expense Ratio Comparison
DHEIX has a 0.53% expense ratio, which is higher than DFAIX's 0.22% expense ratio.
Return for Risk
DHEIX vs. DFAIX — Risk / Return Rank
DHEIX
DFAIX
DHEIX vs. DFAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) and DFA Short-Duration Real Return Portfolio (DFAIX). 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.
| DHEIX | DFAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.60 | 3.57 | +1.03 |
Sortino ratioReturn per unit of downside risk | 8.07 | 5.96 | +2.12 |
Omega ratioGain probability vs. loss probability | 2.53 | 2.07 | +0.46 |
Calmar ratioReturn relative to maximum drawdown | 10.74 | 8.64 | +2.10 |
Martin ratioReturn relative to average drawdown | 40.46 | 34.01 | +6.45 |
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
| DHEIX | DFAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.60 | 3.57 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.96 | 1.21 | +1.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.87 | 1.08 | +0.78 |
Correlation
The correlation between DHEIX and DFAIX is 0.32, 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.
Dividends
DHEIX vs. DFAIX - Dividend Comparison
DHEIX's dividend yield for the trailing twelve months is around 5.98%, more than DFAIX's 4.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 5.98% | 5.51% | 6.21% | 5.52% | 3.72% | 2.62% | 3.22% | 4.05% | 3.74% | 3.45% | 0.00% | 0.00% |
DFAIX DFA Short-Duration Real Return Portfolio | 4.61% | 4.65% | 4.14% | 3.66% | 1.68% | 0.98% | 0.82% | 2.53% | 2.72% | 1.71% | 1.41% | 1.29% |
Drawdowns
DHEIX vs. DFAIX - Drawdown Comparison
The maximum DHEIX drawdown since its inception was -12.33%, which is greater than DFAIX's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for DHEIX and DFAIX.
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Drawdown Indicators
| DHEIX | DFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.33% | -5.63% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.50% | -0.47% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -4.87% | -5.46% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.63% | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.28% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -0.95% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.12% | +0.01% |
Volatility
DHEIX vs. DFAIX - Volatility Comparison
The current volatility for Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) is 0.38%, while DFA Short-Duration Real Return Portfolio (DFAIX) has a volatility of 0.50%. This indicates that DHEIX experiences smaller price fluctuations and is considered to be less risky than DFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHEIX | DFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.50% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.73% | 0.75% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 1.07% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.52% | 3.18% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.28% | 2.56% | -0.28% |