DHLRX vs. DHMAX
Compare and contrast key facts about Diamond Hill Large Cap Fund Class I (DHLRX) and Diamond Hill Small-Mid Cap Fund (DHMAX).
DHLRX is an actively managed fund by Diamond Hill. It was launched on Jan 31, 2005. DHMAX is managed by Diamond Hill. It was launched on Dec 30, 2005.
Performance
DHLRX vs. DHMAX - Performance Comparison
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DHLRX vs. DHMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DHMAX Diamond Hill Small-Mid Cap Fund | -2.73% | 15.26% | 7.77% | 11.15% | -13.88% | 30.75% | 1.03% | 27.39% | -12.85% | 5.47% |
Returns By Period
In the year-to-date period, DHLRX achieves a -2.43% return, which is significantly higher than DHMAX's -2.73% return. Over the past 10 years, DHLRX has outperformed DHMAX with an annualized return of 9.68%, while DHMAX has yielded a comparatively lower 7.44% annualized return.
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%
DHMAX
- 1D
- 2.56%
- 1M
- -7.68%
- YTD
- -2.73%
- 6M
- 3.90%
- 1Y
- 16.70%
- 3Y*
- 9.34%
- 5Y*
- 5.45%
- 10Y*
- 7.44%
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DHLRX vs. DHMAX - Expense Ratio Comparison
DHLRX has a 0.67% expense ratio, which is lower than DHMAX's 1.21% expense ratio.
Return for Risk
DHLRX vs. DHMAX — Risk / Return Rank
DHLRX
DHMAX
DHLRX vs. DHMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund Class I (DHLRX) and Diamond Hill Small-Mid Cap Fund (DHMAX). 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.
| DHLRX | DHMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.10 | 0.80 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.27 | 1.33 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.39 | -1.14 |
Martin ratioReturn relative to average drawdown | 0.84 | 4.73 | -3.90 |
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
| DHLRX | DHMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.80 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.28 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.35 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.34 | +0.11 |
Correlation
The correlation between DHLRX and DHMAX 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.
Dividends
DHLRX vs. DHMAX - Dividend Comparison
DHLRX's dividend yield for the trailing twelve months is around 6.50%, less than DHMAX's 12.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DHMAX Diamond Hill Small-Mid Cap Fund | 12.63% | 12.28% | 7.75% | 1.00% | 5.01% | 5.55% | 0.49% | 4.81% | 4.51% | 0.45% | 1.74% | 1.20% |
Drawdowns
DHLRX vs. DHMAX - Drawdown Comparison
The maximum DHLRX drawdown since its inception was -52.38%, smaller than the maximum DHMAX drawdown of -57.04%. Use the drawdown chart below to compare losses from any high point for DHLRX and DHMAX.
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Drawdown Indicators
| DHLRX | DHMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.38% | -57.04% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -13.01% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -23.02% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -45.46% | +6.58% |
Current DrawdownCurrent decline from peak | -6.70% | -8.45% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -7.42% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 3.81% | -0.33% |
Volatility
DHLRX vs. DHMAX - Volatility Comparison
The current volatility for Diamond Hill Large Cap Fund Class I (DHLRX) is 3.82%, while Diamond Hill Small-Mid Cap Fund (DHMAX) has a volatility of 5.44%. This indicates that DHLRX experiences smaller price fluctuations and is considered to be less risky than DHMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHLRX | DHMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 5.44% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 12.95% | -4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 21.31% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 19.64% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 21.14% | -3.05% |