DHIAX vs. DHEIX
DHIAX (Diamond Hill International Fund) and DHEIX (Diamond Hill Short Duration Securitized Bond Fund Class I) are both mutual funds - DHIAX is a Foreign Large Cap Equities fund managed by Diamond Hill, while DHEIX is a Short-Term Bond fund tracking the Bloomberg US 1-3 Yr. Gov./Credit Index. Over the past 5 years, DHIAX returned 8.16%/yr vs 4.62%/yr for DHEIX. Their 0.11 correlation means their historical movements had little consistent relationship. DHIAX charges 1.13%/yr vs 0.53%/yr for DHEIX.
Performance
DHIAX vs. DHEIX - Performance Comparison
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Returns By Period
In the year-to-date period, DHIAX achieves a 10.54% return, which is significantly higher than DHEIX's 2.50% return.
DHIAX
- 1D
- 2.08%
- 1M
- 0.83%
- 6M
- 3.87%
- YTD
- 10.54%
- 1Y
- 24.10%
- 3Y*
- 14.00%
- 5Y*
- 8.16%
- 10Y*
- —
- ALL TIME*
- 9.66%
DHEIX
- 1D
- 0.05%
- 1M
- 0.35%
- 6M
- 2.02%
- YTD
- 2.50%
- 1Y
- 4.48%
- 3Y*
- 7.52%
- 5Y*
- 4.62%
- 10Y*
- —
- ALL TIME*
- 4.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DHIAX vs. DHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DHIAX Diamond Hill International Fund | 10.54% | 27.86% | 3.55% | 17.88% | -13.82% | 12.41% | 6.48% | 7.92% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 2.50% | 6.06% | 9.33% | 8.91% | -3.38% | 2.74% | 3.09% | 1.61% |
Correlation
The correlation between DHIAX and DHEIX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2019 | 0.11 |
The correlation between DHIAX and DHEIX shifts across timeframes, from 0.11 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DHIAX vs. DHEIX — Risk / Return Rank
DHIAX
DHEIX
DHIAX vs. DHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill International Fund (DHIAX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DHIAX | DHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -5.82 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 2.56 | -1.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 9.84 | -7.59 |
| Martin ratioReturn relative to average drawdown | 7.90 | 43.17 | -35.27 |
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Drawdowns
DHIAX vs. DHEIX - Drawdown Comparison
The maximum DHIAX drawdown since its inception was -36.15%, which is greater than DHEIX's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for DHIAX and DHEIX.
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Drawdown Indicators
| DHIAX | DHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.15% | -12.33% | -23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -0.50% | -9.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.51% | -0.50% | -14.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.67% | -4.87% | -23.80% |
Current DrawdownCurrent decline from peak | -1.24% | 0.00% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -0.74% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 0.11% | +2.74% |
Volatility
DHIAX vs. DHEIX - Volatility Comparison
Diamond Hill International Fund (DHIAX) has a higher volatility of 4.25% compared to Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) at 0.28%. This indicates that DHIAX's price experiences larger fluctuations and is considered to be riskier than DHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHIAX | DHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 0.28% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 0.79% | +12.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.76% | 1.07% | +13.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 1.54% | +13.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 2.25% | +15.52% |
DHIAX vs. DHEIX - Expense Ratio Comparison
DHIAX has a 1.13% expense ratio, which is higher than DHEIX's 0.53% expense ratio.
Dividends
DHIAX vs. DHEIX - Dividend Comparison
DHIAX's dividend yield for the trailing twelve months is around 4.08%, less than DHEIX's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 5.94% | 5.51% | 6.21% | 5.52% | 3.72% | 2.62% | 3.22% | 4.05% | 3.74% | 3.45% |
DHIAX Diamond Hill International Fund | 4.08% | 4.51% | 1.26% | 0.92% | 1.14% | 3.71% | 0.89% | 0.34% | 0.00% | 0.00% |
Frequently Asked Questions
DHIAX and DHEIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHIAX has higher volatility (4.25%) compared to DHEIX (0.28%). In terms of maximum drawdown, DHIAX dropped -36.15% vs DHEIX's -12.33%.
DHEIX currently has the higher Sharpe Ratio (4.60 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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