DHLYX vs. DHEIX
DHLYX (Diamond Hill Large Cap Fund Class Y) and DHEIX (Diamond Hill Short Duration Securitized Bond Fund Class I) are both mutual funds - DHLYX is a Large Cap Value Equities fund actively managed by Diamond Hill, while DHEIX is a Short-Term Bond fund tracking the Bloomberg US 1-3 Yr. Gov./Credit Index. DHLYX is actively managed, while DHEIX is passively managed. Over the past 5 years, DHLYX returned 5.73%/yr vs 4.61%/yr for DHEIX. Their 0.00 correlation means their historical movements had little consistent relationship. DHLYX charges 0.56%/yr vs 0.53%/yr for DHEIX.
Performance
DHLYX vs. DHEIX - Performance Comparison
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Returns By Period
In the year-to-date period, DHLYX achieves a 5.33% return, which is significantly higher than DHEIX's 2.45% return.
DHLYX
- 1D
- -0.44%
- 1M
- 3.87%
- 6M
- 4.32%
- YTD
- 5.33%
- 1Y
- 6.29%
- 3Y*
- 9.50%
- 5Y*
- 5.73%
- 10Y*
- 10.13%
- ALL TIME*
- 11.02%
DHEIX
- 1D
- 0.10%
- 1M
- 0.30%
- 6M
- 2.04%
- YTD
- 2.45%
- 1Y
- 4.77%
- 3Y*
- 7.54%
- 5Y*
- 4.61%
- 10Y*
- —
- ALL TIME*
- 4.28%
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 |
DHLYX vs. DHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHLYX Diamond Hill Large Cap Fund Class Y | 5.33% | 5.76% | 12.20% | 13.83% | -13.27% | 25.88% | 9.05% | 32.39% | -9.54% | 20.40% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 2.45% | 6.06% | 9.33% | 8.91% | -3.38% | 2.74% | 3.09% | 4.85% | 3.18% | 4.23% |
Correlation
The correlation between DHLYX and DHEIX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.00 |
Over the past year, DHLYX and DHEIX have become more correlated (0.21) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
DHLYX vs. DHEIX — Risk / Return Rank
DHLYX
DHEIX
DHLYX vs. DHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund Class Y (DHLYX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). 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.
| DHLYX | DHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -6.96 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 2.52 | -1.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 9.80 | -9.04 |
| Martin ratioReturn relative to average drawdown | 1.94 | 42.95 | -41.01 |
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Drawdowns
DHLYX vs. DHEIX - Drawdown Comparison
The maximum DHLYX drawdown since its inception was -38.87%, which is greater than DHEIX's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for DHLYX and DHEIX.
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Drawdown Indicators
| DHLYX | DHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.87% | -12.33% | -26.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -0.50% | -7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -0.50% | -15.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -4.87% | -18.23% |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | 0.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -0.74% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 0.11% | +3.16% |
Volatility
DHLYX vs. DHEIX - Volatility Comparison
Diamond Hill Large Cap Fund Class Y (DHLYX) has a higher volatility of 3.48% compared to Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) at 0.30%. This indicates that DHLYX's price experiences larger fluctuations and is considered to be riskier than DHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHLYX | DHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 0.30% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 0.80% | +7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 1.07% | +10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 1.54% | +14.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 2.25% | +15.73% |
DHLYX vs. DHEIX - Expense Ratio Comparison
DHLYX has a 0.56% expense ratio, which is higher than DHEIX's 0.53% expense ratio.
Dividends
DHLYX vs. DHEIX - Dividend Comparison
DHLYX's dividend yield for the trailing twelve months is around 6.17%, more than DHEIX's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 6.00% | 5.51% | 6.21% | 5.52% | 3.72% | 2.62% | 3.22% | 4.05% | 3.74% | 3.45% | 0.00% | 0.00% |
DHLYX Diamond Hill Large Cap Fund Class Y | 6.17% | 6.50% | 10.75% | 3.89% | 6.75% | 7.63% | 3.57% | 4.86% | 4.74% | 4.87% | 6.65% | 5.18% |
Frequently Asked Questions
DHLYX and DHEIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHLYX has higher volatility (3.48%) compared to DHEIX (0.30%). In terms of maximum drawdown, DHLYX dropped -38.87% vs DHEIX's -12.33%.
DHEIX currently has the higher Sharpe Ratio (4.56 vs 0.55), 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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