DHIL vs. SPY
Compare and contrast key facts about Diamond Hill Investment Group, Inc. (DHIL) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHIL or SPY.
Key characteristics
DHIL | SPY | |
---|---|---|
YTD Return | -8.22% | 5.60% |
1Y Return | -1.73% | 23.55% |
3Y Return (Ann) | -1.16% | 7.83% |
5Y Return (Ann) | 5.30% | 13.05% |
10Y Return (Ann) | 6.58% | 12.30% |
Sharpe Ratio | -0.14 | 1.91 |
Daily Std Dev | 23.85% | 11.63% |
Max Drawdown | -95.98% | -55.19% |
Current Drawdown | -29.37% | -4.36% |
Correlation
The correlation between DHIL and SPY is 0.28, 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.
Performance
DHIL vs. SPY - Performance Comparison
In the year-to-date period, DHIL achieves a -8.22% return, which is significantly lower than SPY's 5.60% return. Over the past 10 years, DHIL has underperformed SPY with an annualized return of 6.58%, while SPY has yielded a comparatively higher 12.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
DHIL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Investment Group, Inc. (DHIL) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DHIL vs. SPY - Dividend Comparison
DHIL's dividend yield for the trailing twelve months is around 3.99%, more than SPY's 1.34% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Diamond Hill Investment Group, Inc. | 3.99% | 3.62% | 3.24% | 2.08% | 8.04% | 6.41% | 5.35% | 3.39% | 2.85% | 2.65% | 2.90% | 2.54% |
SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DHIL vs. SPY - Drawdown Comparison
The maximum DHIL drawdown since its inception was -95.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DHIL and SPY. For additional features, visit the drawdowns tool.
Volatility
DHIL vs. SPY - Volatility Comparison
The current volatility for Diamond Hill Investment Group, Inc. (DHIL) is 3.66%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.88%. This indicates that DHIL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.