DHLX vs. BGIG

Last updated Jun 23, 2026

DHLX (Diamond Hill Large Cap Concentrated ETF) and BGIG (Bahl & Gaynor Income Growth ETF) are both Large Cap Value Equities funds. DHLX is passively managed, while BGIG is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. DHLX charges 0.55%/yr vs 0.45%/yr for BGIG.

Performance

DHLX vs. BGIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Diamond Hill Large Cap Concentrated ETF (DHLX) and Bahl & Gaynor Income Growth ETF (BGIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DHLX achieves a -2.01% return, which is significantly lower than BGIG's 10.40% return.

DHLX

• 1D: -0.15%
• 1M: -1.89%
• YTD: -2.01%
• 6M: -2.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BGIG

• 1D: 0.41%
• 1M: 0.23%
• YTD: 10.40%
• 6M: 10.18%
• 1Y: 21.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DHLX vs. BGIG - Yearly Performance Comparison

	2026 (YTD)	2025
DHLX Diamond Hill Large Cap Concentrated ETF	-2.01%	1.22%
BGIG Bahl & Gaynor Income Growth ETF	10.40%	1.63%

Correlation

The correlation between DHLX and BGIG is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.61

Return for Risk

DHLX vs. BGIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DHLX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BGIG

BGIG Risk / Return Rank: 76
BGIG Sharpe Ratio Rank: 76
BGIG Sortino Ratio Rank: 79
BGIG Omega Ratio Rank: 74
BGIG Calmar Ratio Rank: 74
BGIG Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DHLX vs. BGIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Concentrated ETF (DHLX) and Bahl & Gaynor Income Growth ETF (BGIG). 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.

	DHLX	BGIG	Difference
Sharpe ratio: Return per unit of total volatility	—	2.34	—
Sortino ratio: Return per unit of downside risk	—	3.34	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.65	—
Martin ratio: Return relative to average drawdown	—	14.09	—

Drawdowns

DHLX vs. BGIG - Drawdown Comparison

The maximum DHLX drawdown since its inception was -8.40%, smaller than the maximum BGIG drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for DHLX and BGIG.

Drawdown Indicators

	DHLX	BGIG	Difference
Max Drawdown Largest peak-to-trough decline	-8.40%	-13.24%	+4.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.81%	—
Current Drawdown Current decline from peak	-5.84%	-0.39%	-5.45%
Average Drawdown Average peak-to-trough decline	-2.55%	-1.75%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.50%	—

Volatility

Volatility by Period

	DHLX	BGIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.32%	9.07%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.32%	11.91%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.32%	11.91%	-0.59%

DHLX vs. BGIG - Expense Ratio Comparison

DHLX has a 0.55% expense ratio, which is higher than BGIG's 0.45% expense ratio.

Dividends

DHLX vs. BGIG - Dividend Comparison

DHLX's dividend yield for the trailing twelve months is around 0.41%, less than BGIG's 1.74% yield.

Position	TTM	2025	2024	2023
BGIG Bahl & Gaynor Income Growth ETF	1.74%	1.89%	2.02%	0.78%
DHLX Diamond Hill Large Cap Concentrated ETF	0.41%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DHLX and BGIG in my portfolio?

DHLX and BGIG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DHLX or BGIG?

On fees, BGIG is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DHLX or BGIG?

BGIG is cheaper with a 0.45% expense ratio, compared with 0.55% for DHLX.

Which ETF pays a higher dividend yield, DHLX or BGIG?

BGIG has the higher dividend yield at 1.74%, compared with 0.41% for DHLX.

What is the main difference between DHLX and BGIG?

They also come from different issuers: Diamond Hill and Bahl & Gaynor. Their fees differ too: 0.55% for DHLX and 0.45% for BGIG.