DHLYX vs. DHIAX
DHLYX (Diamond Hill Large Cap Fund Class Y) and DHIAX (Diamond Hill International Fund) are both mutual funds - DHLYX is a Large Cap Value Equities fund actively managed by Diamond Hill, while DHIAX is a Foreign Large Cap Equities fund managed by Diamond Hill. Over the past 5 years, DHLYX returned 5.73%/yr vs 7.63%/yr for DHIAX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. DHLYX charges 0.56%/yr vs 1.13%/yr for DHIAX.
Performance
DHLYX vs. DHIAX - Performance Comparison
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Returns By Period
In the year-to-date period, DHLYX achieves a 5.33% return, which is significantly lower than DHIAX's 8.82% 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%
DHIAX
- 1D
- 0.18%
- 1M
- -2.07%
- 6M
- 0.89%
- YTD
- 8.82%
- 1Y
- 19.28%
- 3Y*
- 13.36%
- 5Y*
- 7.63%
- 10Y*
- —
- ALL TIME*
- 9.42%
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. DHIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DHLYX Diamond Hill Large Cap Fund Class Y | 5.33% | 5.76% | 12.20% | 13.83% | -13.27% | 25.88% | 9.05% | 8.36% |
DHIAX Diamond Hill International Fund | 8.82% | 27.86% | 3.55% | 17.88% | -13.82% | 12.41% | 6.48% | 7.92% |
Correlation
The correlation between DHLYX and DHIAX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2019 | 0.72 |
Over the past year, the correlation between DHLYX and DHIAX has dropped to 0.42 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
DHLYX vs. DHIAX — Risk / Return Rank
DHLYX
DHIAX
DHLYX vs. DHIAX - 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 International Fund (DHIAX). 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 | DHIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.89 | -1.13 |
| Martin ratioReturn relative to average drawdown | 1.94 | 6.63 | -4.69 |
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Drawdowns
DHLYX vs. DHIAX - Drawdown Comparison
The maximum DHLYX drawdown since its inception was -38.87%, which is greater than DHIAX's maximum drawdown of -36.15%. Use the drawdown chart below to compare losses from any high point for DHLYX and DHIAX.
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Drawdown Indicators
| DHLYX | DHIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.87% | -36.15% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -10.02% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -14.51% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -28.67% | +5.57% |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -2.78% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -6.96% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.86% | +0.41% |
Volatility
DHLYX vs. DHIAX - Volatility Comparison
The current volatility for Diamond Hill Large Cap Fund Class Y (DHLYX) is 3.48%, while Diamond Hill International Fund (DHIAX) has a volatility of 3.70%. This indicates that DHLYX experiences smaller price fluctuations and is considered to be less risky than DHIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHLYX | DHIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.70% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 12.76% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 14.67% | -3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 15.40% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 17.76% | +0.22% |
DHLYX vs. DHIAX - Expense Ratio Comparison
DHLYX has a 0.56% expense ratio, which is lower than DHIAX's 1.13% expense ratio.
Dividends
DHLYX vs. DHIAX - Dividend Comparison
DHLYX's dividend yield for the trailing twelve months is around 6.17%, more than DHIAX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHIAX Diamond Hill International Fund | 4.15% | 4.51% | 1.26% | 0.92% | 1.14% | 3.71% | 0.89% | 0.34% | 0.00% | 0.00% | 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 DHIAX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHIAX has higher volatility (3.70%) compared to DHLYX (3.48%). In terms of maximum drawdown, DHLYX dropped -38.87% vs DHIAX's -36.15%.
DHIAX currently has the higher Sharpe Ratio (1.30 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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