DHLAX vs. DHLRX
Compare and contrast key facts about Diamond Hill Large Cap Fund (DHLAX) and Diamond Hill Large Cap Fund Class I (DHLRX).
DHLAX is managed by Diamond Hill. It was launched on Jun 29, 2001. DHLRX is an actively managed fund by Diamond Hill. It was launched on Jan 31, 2005.
Performance
DHLAX vs. DHLRX - Performance Comparison
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DHLAX vs. DHLRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHLAX Diamond Hill Large Cap Fund | -2.50% | 5.34% | 22.53% | 13.36% | -13.67% | 25.40% | 8.63% | 31.84% | -9.89% | 19.93% |
DHLRX Diamond Hill Large Cap Fund Class I | -2.43% | 5.67% | 12.05% | 13.71% | -13.38% | 25.74% | 8.95% | 32.22% | -9.65% | 20.29% |
Returns By Period
The year-to-date returns for both investments are quite close, with DHLAX having a -2.50% return and DHLRX slightly higher at -2.43%. Over the past 10 years, DHLAX has outperformed DHLRX with an annualized return of 10.37%, while DHLRX has yielded a comparatively lower 9.68% annualized return.
DHLAX
- 1D
- 1.66%
- 1M
- -6.08%
- YTD
- -2.50%
- 6M
- -1.21%
- 1Y
- 1.48%
- 3Y*
- 12.87%
- 5Y*
- 6.75%
- 10Y*
- 10.37%
DHLRX
- 1D
- 1.66%
- 1M
- -6.06%
- YTD
- -2.43%
- 6M
- -1.07%
- 1Y
- 1.77%
- 3Y*
- 9.80%
- 5Y*
- 5.12%
- 10Y*
- 9.68%
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DHLAX vs. DHLRX - Expense Ratio Comparison
DHLAX has a 0.96% expense ratio, which is higher than DHLRX's 0.67% expense ratio.
Return for Risk
DHLAX vs. DHLRX — Risk / Return Rank
DHLAX
DHLRX
DHLAX vs. DHLRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund (DHLAX) and Diamond Hill Large Cap Fund Class I (DHLRX). 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.
| DHLAX | DHLRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 0.10 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.24 | 0.27 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.22 | 0.25 | -0.03 |
Martin ratioReturn relative to average drawdown | 0.74 | 0.84 | -0.10 |
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
| DHLAX | DHLRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.10 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.32 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.54 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.46 | 0.00 |
Correlation
The correlation between DHLAX and DHLRX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DHLAX vs. DHLRX - Dividend Comparison
DHLAX's dividend yield for the trailing twelve months is around 6.21%, less than DHLRX's 6.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHLAX Diamond Hill Large Cap Fund | 6.21% | 6.05% | 19.46% | 3.07% | 6.34% | 7.28% | 3.01% | 4.50% | 4.28% | 4.53% | 6.30% | 4.79% |
DHLRX Diamond Hill Large Cap Fund Class I | 6.50% | 6.34% | 10.64% | 3.77% | 6.60% | 7.53% | 3.47% | 4.75% | 4.59% | 4.80% | 6.54% | 5.06% |
Drawdowns
DHLAX vs. DHLRX - Drawdown Comparison
The maximum DHLAX drawdown since its inception was -52.68%, roughly equal to the maximum DHLRX drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for DHLAX and DHLRX.
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Drawdown Indicators
| DHLAX | DHLRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.68% | -52.38% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -11.84% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -23.17% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -38.88% | -0.04% |
Current DrawdownCurrent decline from peak | -6.75% | -6.70% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -6.91% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.48% | +0.01% |
Volatility
DHLAX vs. DHLRX - Volatility Comparison
Diamond Hill Large Cap Fund (DHLAX) and Diamond Hill Large Cap Fund Class I (DHLRX) have volatilities of 3.79% and 3.82%, 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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Volatility by Period
| DHLAX | DHLRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.82% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 8.63% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 16.51% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 15.89% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 18.09% | +0.24% |