DHLX vs. VLUE

Last updated Apr 2, 2026

Compare and contrast key facts about Diamond Hill Large Cap Concentrated ETF (DHLX) and iShares Edge MSCI USA Value Factor ETF (VLUE).

DHLX and VLUE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DHLX is a passively managed fund by Diamond Hill that tracks the performance of the Actively Managed. It was launched on Feb 26, 2021. VLUE is a passively managed fund by iShares that tracks the performance of the MSCI USA Value Weighted Index. It was launched on Apr 16, 2013. Both DHLX and VLUE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DHLX vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Diamond Hill Large Cap Concentrated ETF (DHLX) and iShares Edge MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

DHLX vs. VLUE - Yearly Performance Comparison

	2026 (YTD)	2025
DHLX Diamond Hill Large Cap Concentrated ETF	-2.84%	1.24%
VLUE iShares Edge MSCI USA Value Factor ETF	6.67%	10.17%

Returns By Period

In the year-to-date period, DHLX achieves a -2.84% return, which is significantly lower than VLUE's 6.67% return.

DHLX

• 1D: 0.31%
• 1M: -6.17%
• YTD: -2.84%
• 6M: -1.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VLUE

• 1D: 0.32%
• 1M: -0.85%
• YTD: 6.67%
• 6M: 15.58%
• 1Y: 38.49%
• 3Y*: 18.92%
• 5Y*: 9.91%
• 10Y*: 11.92%

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

DHLX vs. VLUE - Expense Ratio Comparison

DHLX has a 0.55% expense ratio, which is higher than VLUE's 0.15% expense ratio.

DHLX

Diamond Hill Large Cap Concentrated ETF

VLUE

iShares Edge MSCI USA Value Factor ETF

Return for Risk

DHLX vs. VLUE — Risk / Return Rank

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

VLUE

VLUE Risk / Return Rank: 89
VLUE Sharpe Ratio Rank: 88
VLUE Sortino Ratio Rank: 89
VLUE Omega Ratio Rank: 88
VLUE Calmar Ratio Rank: 87
VLUE Martin Ratio Rank: 90

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. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Concentrated ETF (DHLX) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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.

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

Sharpe Ratios by Period

	DHLX	VLUE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	0.62	-0.90

Correlation

The correlation between DHLX and VLUE is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DHLX vs. VLUE - Dividend Comparison

DHLX's dividend yield for the trailing twelve months is around 0.42%, less than VLUE's 1.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHLX Diamond Hill Large Cap Concentrated ETF	0.42%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VLUE iShares Edge MSCI USA Value Factor ETF	1.96%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%

Drawdowns

DHLX vs. VLUE - Drawdown Comparison

The maximum DHLX drawdown since its inception was -8.40%, smaller than the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for DHLX and VLUE.

Drawdown Indicators

	DHLX	VLUE	Difference
Max Drawdown Largest peak-to-trough decline	-8.40%	-39.47%	+31.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.47%	—
Current Drawdown Current decline from peak	-6.64%	-4.61%	-2.03%
Average Drawdown Average peak-to-trough decline	-1.91%	-6.08%	+4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.97%	—

Volatility

Volatility by Period

	DHLX	VLUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	19.61%	-7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.68%	17.36%	-5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.68%	19.62%	-7.94%