DHLAX vs. IJR
Compare and contrast key facts about Diamond Hill Large Cap Fund (DHLAX) and iShares Core S&P Small-Cap ETF (IJR).
DHLAX is managed by Diamond Hill. It was launched on Jun 29, 2001. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000.
Performance
DHLAX vs. IJR - Performance Comparison
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DHLAX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHLAX Diamond Hill Large Cap Fund | -4.09% | 5.34% | 22.53% | 13.36% | -13.67% | 25.40% | 8.63% | 31.84% | -9.89% | 19.93% |
IJR iShares Core S&P Small-Cap ETF | 3.60% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Returns By Period
In the year-to-date period, DHLAX achieves a -4.09% return, which is significantly lower than IJR's 3.60% return. Both investments have delivered pretty close results over the past 10 years, with DHLAX having a 10.19% annualized return and IJR not far behind at 9.83%.
DHLAX
- 1D
- 0.10%
- 1M
- -7.94%
- YTD
- -4.09%
- 6M
- -2.82%
- 1Y
- -0.23%
- 3Y*
- 12.26%
- 5Y*
- 6.56%
- 10Y*
- 10.19%
IJR
- 1D
- 2.85%
- 1M
- -4.00%
- YTD
- 3.60%
- 6M
- 5.26%
- 1Y
- 20.51%
- 3Y*
- 10.49%
- 5Y*
- 4.08%
- 10Y*
- 9.83%
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DHLAX vs. IJR - Expense Ratio Comparison
DHLAX has a 0.96% expense ratio, which is higher than IJR's 0.06% expense ratio.
Return for Risk
DHLAX vs. IJR — Risk / Return Rank
DHLAX
IJR
DHLAX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund (DHLAX) and iShares Core S&P Small-Cap ETF (IJR). 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 | IJR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.91 | -0.85 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.41 | -1.22 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.43 | -1.49 |
Martin ratioReturn relative to average drawdown | -0.22 | 5.77 | -5.99 |
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 | IJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.91 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.19 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.43 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.42 | +0.03 |
Correlation
The correlation between DHLAX and IJR is 0.85, 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. IJR - Dividend Comparison
DHLAX's dividend yield for the trailing twelve months is around 6.31%, more than IJR's 1.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHLAX Diamond Hill Large Cap Fund | 6.31% | 6.05% | 19.46% | 3.07% | 6.34% | 7.28% | 3.01% | 4.50% | 4.28% | 4.53% | 6.30% | 4.79% |
IJR iShares Core S&P Small-Cap ETF | 1.29% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Drawdowns
DHLAX vs. IJR - Drawdown Comparison
The maximum DHLAX drawdown since its inception was -52.68%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for DHLAX and IJR.
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Drawdown Indicators
| DHLAX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.68% | -58.15% | +5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -14.85% | +3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -28.02% | +4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -44.36% | +5.44% |
Current DrawdownCurrent decline from peak | -8.27% | -5.73% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -9.34% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.66% | -0.19% |
Volatility
DHLAX vs. IJR - Volatility Comparison
The current volatility for Diamond Hill Large Cap Fund (DHLAX) is 3.20%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 6.27%. This indicates that DHLAX experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHLAX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 6.27% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 12.98% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 22.66% | -6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 21.52% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 22.91% | -4.59% |