DHLAX vs. FSMDX
Compare and contrast key facts about Diamond Hill Large Cap Fund (DHLAX) and Fidelity Mid Cap Index Fund (FSMDX).
DHLAX is managed by Diamond Hill. It was launched on Jun 29, 2001. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHLAX or FSMDX.
Correlation
The correlation between DHLAX and FSMDX is 0.91, 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.
Performance
DHLAX vs. FSMDX - Performance Comparison
Key characteristics
DHLAX:
0.20
FSMDX:
1.29
DHLAX:
0.33
FSMDX:
1.83
DHLAX:
1.05
FSMDX:
1.23
DHLAX:
0.18
FSMDX:
1.62
DHLAX:
0.68
FSMDX:
5.88
DHLAX:
4.12%
FSMDX:
2.91%
DHLAX:
14.35%
FSMDX:
13.26%
DHLAX:
-54.91%
FSMDX:
-40.35%
DHLAX:
-14.61%
FSMDX:
-7.99%
Returns By Period
In the year-to-date period, DHLAX achieves a 0.25% return, which is significantly lower than FSMDX's 1.30% return. Over the past 10 years, DHLAX has underperformed FSMDX with an annualized return of 4.54%, while FSMDX has yielded a comparatively higher 8.51% annualized return.
DHLAX
0.25%
-13.19%
-3.67%
2.41%
2.88%
4.54%
FSMDX
1.30%
-7.34%
9.19%
16.80%
8.88%
8.51%
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DHLAX vs. FSMDX - Expense Ratio Comparison
DHLAX has a 0.96% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
DHLAX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund (DHLAX) and Fidelity Mid Cap Index Fund (FSMDX). 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
DHLAX vs. FSMDX - Dividend Comparison
DHLAX has not paid dividends to shareholders, while FSMDX's dividend yield for the trailing twelve months is around 0.04%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHLAX Diamond Hill Large Cap Fund | 0.00% | 0.00% | 0.74% | 1.16% | 0.60% | 0.61% | 0.91% | 1.14% | 0.77% | 1.04% | 0.82% | 0.85% |
FSMDX Fidelity Mid Cap Index Fund | 0.04% | 0.04% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% |
Drawdowns
DHLAX vs. FSMDX - Drawdown Comparison
The maximum DHLAX drawdown since its inception was -54.91%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for DHLAX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
DHLAX vs. FSMDX - Volatility Comparison
Diamond Hill Large Cap Fund (DHLAX) has a higher volatility of 9.46% compared to Fidelity Mid Cap Index Fund (FSMDX) at 4.37%. This indicates that DHLAX's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.