DHLRX vs. FALGX
DHLRX (Diamond Hill Large Cap Fund Class I) and FALGX (Fidelity Advisor Large Cap Fund Class M) are both Large Cap Value Equities funds. Over the past 10 years, DHLRX returned 10.14%/yr vs 12.63%/yr for FALGX. Their correlation of 0.90 means they have usually moved in the same direction. DHLRX charges 0.67%/yr vs 1.05%/yr for FALGX.
Performance
DHLRX vs. FALGX - Performance Comparison
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Returns By Period
Over the past 10 years, DHLRX has underperformed FALGX with an annualized return of 10.14%, while FALGX has yielded a comparatively higher 12.63% annualized return.
DHLRX
- 1D
- 1.35%
- 1M
- 4.04%
- 6M
- 5.47%
- YTD
- 7.60%
- 1Y
- 11.08%
- 3Y*
- 10.58%
- 5Y*
- 6.25%
- 10Y*
- 10.14%
- ALL TIME*
- 8.99%
FALGX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 3.51%
- 3Y*
- 13.76%
- 5Y*
- 10.77%
- 10Y*
- 12.63%
- ALL TIME*
- 8.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DHLRX vs. FALGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHLRX Diamond Hill Large Cap Fund Class I | 7.60% | 5.67% | 12.05% | 13.71% | -13.38% | 25.74% | 8.95% | 32.22% | -9.65% | 20.29% |
FALGX Fidelity Advisor Large Cap Fund Class M | 0.00% | 19.09% | 18.68% | 22.88% | -8.40% | 25.20% | 8.27% | 31.01% | -8.88% | 16.83% |
Correlation
The correlation between DHLRX and FALGX is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2005 | 0.90 |
Over the past year, the correlation between DHLRX and FALGX has dropped to 0.18 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
DHLRX vs. FALGX — Risk / Return Rank
DHLRX
FALGX
DHLRX vs. FALGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund Class I (DHLRX) and Fidelity Advisor Large Cap Fund Class M (FALGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DHLRX | FALGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.11 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.52 | +0.89 |
| Martin ratioReturn relative to average drawdown | 3.59 | 0.78 | +2.82 |
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Drawdowns
DHLRX vs. FALGX - Drawdown Comparison
The maximum DHLRX drawdown since its inception was -52.38%, smaller than the maximum FALGX drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for DHLRX and FALGX.
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Drawdown Indicators
| DHLRX | FALGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.38% | -64.07% | +11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -5.06% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -21.78% | +6.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -21.78% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -37.58% | -1.30% |
Current DrawdownCurrent decline from peak | 0.00% | -4.20% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -14.39% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.14% | +0.13% |
Volatility
DHLRX vs. FALGX - Volatility Comparison
Diamond Hill Large Cap Fund Class I (DHLRX) has a higher volatility of 3.39% compared to Fidelity Advisor Large Cap Fund Class M (FALGX) at 0.00%. This indicates that DHLRX's price experiences larger fluctuations and is considered to be riskier than FALGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHLRX | FALGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 0.00% | +3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 0.00% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 7.26% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 16.49% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 18.53% | -0.53% |
DHLRX vs. FALGX - Expense Ratio Comparison
DHLRX has a 0.67% expense ratio, which is lower than FALGX's 1.05% expense ratio.
Dividends
DHLRX vs. FALGX - Dividend Comparison
DHLRX's dividend yield for the trailing twelve months is around 5.89%, more than FALGX's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHLRX Diamond Hill Large Cap Fund Class I | 5.89% | 6.34% | 10.64% | 3.77% | 6.60% | 7.53% | 3.47% | 4.75% | 4.59% | 4.80% | 6.54% | 5.06% |
FALGX Fidelity Advisor Large Cap Fund Class M | 5.76% | 5.76% | 0.00% | 3.20% | 1.91% | 6.44% | 5.25% | 8.39% | 16.99% | 6.42% | 1.85% | 2.74% |
Frequently Asked Questions
DHLRX and FALGX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHLRX has higher volatility (3.39%) compared to FALGX (0.00%). In terms of maximum drawdown, DHLRX dropped -52.38% vs FALGX's -64.07%.
DHLRX currently has the higher Sharpe Ratio (1.03 vs 0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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