DHLAX vs. VINIX
Compare and contrast key facts about Diamond Hill Large Cap Fund (DHLAX) and Vanguard Institutional Index Fund Institutional Shares (VINIX).
DHLAX is managed by Diamond Hill. It was launched on Jun 29, 2001. VINIX is managed by Vanguard. It was launched on Jul 31, 1990.
Performance
DHLAX vs. VINIX - Performance Comparison
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DHLAX vs. VINIX - 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% |
VINIX Vanguard Institutional Index Fund Institutional Shares | -4.35% | 17.85% | 26.28% | 25.77% | -18.15% | 28.67% | 18.40% | 31.46% | -4.42% | 21.79% |
Returns By Period
In the year-to-date period, DHLAX achieves a -4.09% return, which is significantly higher than VINIX's -4.35% return. Over the past 10 years, DHLAX has underperformed VINIX with an annualized return of 10.19%, while VINIX has yielded a comparatively higher 14.13% annualized return.
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%
VINIX
- 1D
- 2.92%
- 1M
- -5.03%
- YTD
- -4.35%
- 6M
- -2.15%
- 1Y
- 17.32%
- 3Y*
- 18.69%
- 5Y*
- 11.91%
- 10Y*
- 14.13%
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DHLAX vs. VINIX - Expense Ratio Comparison
DHLAX has a 0.96% expense ratio, which is higher than VINIX's 0.04% expense ratio.
Return for Risk
DHLAX vs. VINIX — Risk / Return Rank
DHLAX
VINIX
DHLAX vs. VINIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund (DHLAX) and Vanguard Institutional Index Fund Institutional Shares (VINIX). 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 | VINIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.97 | -0.92 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.49 | -1.29 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.23 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.52 | -1.58 |
Martin ratioReturn relative to average drawdown | -0.22 | 7.30 | -7.52 |
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 | VINIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.97 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.71 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.79 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.59 | -0.14 |
Correlation
The correlation between DHLAX and VINIX is 0.90, 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. VINIX - Dividend Comparison
DHLAX's dividend yield for the trailing twelve months is around 6.31%, more than VINIX's 2.80% 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% |
VINIX Vanguard Institutional Index Fund Institutional Shares | 2.80% | 2.10% | 3.64% | 2.65% | 3.38% | 4.77% | 3.06% | 2.85% | 2.43% | 1.82% | 2.36% | 2.45% |
Drawdowns
DHLAX vs. VINIX - Drawdown Comparison
The maximum DHLAX drawdown since its inception was -52.68%, roughly equal to the maximum VINIX drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DHLAX and VINIX.
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Drawdown Indicators
| DHLAX | VINIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.68% | -55.19% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -12.12% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -24.51% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -33.79% | -5.13% |
Current DrawdownCurrent decline from peak | -8.27% | -6.24% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -8.56% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.52% | +0.95% |
Volatility
DHLAX vs. VINIX - Volatility Comparison
The current volatility for Diamond Hill Large Cap Fund (DHLAX) is 3.20%, while Vanguard Institutional Index Fund Institutional Shares (VINIX) has a volatility of 5.35%. This indicates that DHLAX experiences smaller price fluctuations and is considered to be less risky than VINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHLAX | VINIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 5.35% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 9.53% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 18.32% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 16.90% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 18.04% | +0.28% |