DHLAX vs. VOO
Compare and contrast key facts about Diamond Hill Large Cap Fund (DHLAX) and Vanguard S&P 500 ETF (VOO).
DHLAX is managed by Diamond Hill. It was launched on Jun 29, 2001. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
DHLAX vs. VOO - Performance Comparison
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DHLAX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, DHLAX achieves a -4.09% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, DHLAX has underperformed VOO with an annualized return of 10.19%, while VOO has yielded a comparatively higher 14.05% 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%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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DHLAX vs. VOO - Expense Ratio Comparison
DHLAX has a 0.96% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
DHLAX vs. VOO — Risk / Return Rank
DHLAX
VOO
DHLAX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund (DHLAX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.98 | -0.93 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.50 | -1.30 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.23 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.53 | -1.60 |
Martin ratioReturn relative to average drawdown | -0.22 | 7.29 | -7.51 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.98 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.70 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.78 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.83 | -0.38 |
Correlation
The correlation between DHLAX and VOO is 0.89, 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. VOO - Dividend Comparison
DHLAX's dividend yield for the trailing twelve months is around 6.31%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
DHLAX vs. VOO - Drawdown Comparison
The maximum DHLAX drawdown since its inception was -52.68%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DHLAX and VOO.
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Drawdown Indicators
| DHLAX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.68% | -33.99% | -18.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -11.98% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -24.52% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -33.99% | -4.93% |
Current DrawdownCurrent decline from peak | -8.27% | -6.29% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -3.72% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.52% | +0.95% |
Volatility
DHLAX vs. VOO - Volatility Comparison
The current volatility for Diamond Hill Large Cap Fund (DHLAX) is 3.20%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that DHLAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHLAX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 5.29% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 9.44% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 18.10% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 16.82% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 17.99% | +0.33% |