DHEIX vs. DLDFX

Last updated Apr 1, 2026

Compare and contrast key facts about Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) and Destinations Low Duration Fixed Income Fund (DLDFX).

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. DLDFX is managed by Destinations Funds. It was launched on Mar 20, 2017.

Performance

DHEIX vs. DLDFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) and Destinations Low Duration Fixed Income Fund (DLDFX). The values are adjusted to include any dividend payments, if applicable.

DHEIX vs. DLDFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I	0.82%	6.06%	9.33%	8.91%	-3.38%	2.74%	3.09%	2.31%
DLDFX Destinations Low Duration Fixed Income Fund	1.24%	4.91%	6.09%	7.11%	-2.59%	5.41%	1.52%	1.16%

Returns By Period

In the year-to-date period, DHEIX achieves a 0.82% return, which is significantly lower than DLDFX's 1.24% return.

DHEIX

• 1D: 0.13%
• 1M: -0.27%
• YTD: 0.82%
• 6M: 1.75%
• 1Y: 5.26%
• 3Y*: 7.69%
• 5Y*: 4.48%
• 10Y*: —

DLDFX

• 1D: 0.04%
• 1M: -0.28%
• YTD: 1.24%
• 6M: 2.37%
• 1Y: 5.86%
• 3Y*: 5.82%
• 5Y*: 3.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DHEIX vs. DLDFX - Expense Ratio Comparison

DHEIX has a 0.53% expense ratio, which is lower than DLDFX's 0.93% expense ratio.

DLDFX

Destinations Low Duration Fixed Income Fund

DHEIX

Diamond Hill Short Duration Securitized Bond Fund Class I

Return for Risk

DHEIX vs. DLDFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DHEIX

DHEIX Risk / Return Rank: 99
DHEIX Sharpe Ratio Rank: 100
DHEIX Sortino Ratio Rank: 99
DHEIX Omega Ratio Rank: 99
DHEIX Calmar Ratio Rank: 99
DHEIX Martin Ratio Rank: 99

DLDFX

DLDFX Risk / Return Rank: 98
DLDFX Sharpe Ratio Rank: 98
DLDFX Sortino Ratio Rank: 98
DLDFX Omega Ratio Rank: 98
DLDFX Calmar Ratio Rank: 98
DLDFX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DHEIX vs. DLDFX - 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 Destinations Low Duration Fixed Income Fund (DLDFX). 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	DLDFX	Difference
Sharpe ratio Return per unit of total volatility	4.60	3.11	+1.49
Sortino ratio Return per unit of downside risk	8.07	5.29	+2.78
Omega ratio Gain probability vs. loss probability	2.53	1.99	+0.54
Calmar ratio Return relative to maximum drawdown	10.74	4.37	+6.37
Martin ratio Return relative to average drawdown	40.46	22.98	+17.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DHEIX vs. DLDFX - Sharpe Ratio Comparison

The current DHEIX Sharpe Ratio is 4.60, which is higher than the DLDFX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of DHEIX and DLDFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DHEIX	DLDFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.60	3.11	+1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.96	2.20	+0.76
Sharpe Ratio (All Time) Calculated using the full available price history	1.87	1.73	+0.13

Correlation

The correlation between DHEIX and DLDFX is 0.37, 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. DLDFX - Dividend Comparison

DHEIX's dividend yield for the trailing twelve months is around 5.98%, more than DLDFX's 5.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
DLDFX Destinations Low Duration Fixed Income Fund	5.50%	5.29%	5.64%	4.77%	4.54%	3.74%	3.86%	2.18%	0.00%	0.00%

Drawdowns

DHEIX vs. DLDFX - Drawdown Comparison

The maximum DHEIX drawdown since its inception was -12.33%, which is greater than DLDFX's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for DHEIX and DLDFX.

Drawdown Indicators

	DHEIX	DLDFX	Difference
Max Drawdown Largest peak-to-trough decline	-12.33%	-8.64%	-3.69%
Max Drawdown (1Y) Largest decline over 1 year	-0.50%	-1.08%	+0.58%
Max Drawdown (5Y) Largest decline over 5 years	-4.87%	-3.88%	-0.99%
Current Drawdown Current decline from peak	-0.27%	-0.49%	+0.22%
Average Drawdown Average peak-to-trough decline	-0.77%	-0.72%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.25%	-0.12%

Volatility

DHEIX vs. DLDFX - Volatility Comparison

The current volatility for Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) is 0.38%, while Destinations Low Duration Fixed Income Fund (DLDFX) has a volatility of 0.47%. This indicates that DHEIX experiences smaller price fluctuations and is considered to be less risky than DLDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DHEIX	DLDFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	0.47%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	0.73%	1.28%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	1.15%	1.91%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.52%	1.79%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.28%	2.09%	+0.19%