DHLYX vs. FALGX
DHLYX (Diamond Hill Large Cap Fund Class Y) and FALGX (Fidelity Advisor Large Cap Fund Class M) are both Large Cap Value Equities funds. Over the past 10 years, DHLYX returned 10.13%/yr vs 12.63%/yr for FALGX. Their correlation of 0.89 means they have usually moved in the same direction. DHLYX charges 0.56%/yr vs 1.05%/yr for FALGX.
Performance
DHLYX vs. FALGX - Performance Comparison
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Returns By Period
Over the past 10 years, DHLYX has underperformed FALGX with an annualized return of 10.13%, while FALGX has yielded a comparatively higher 12.63% annualized 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%
FALGX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 2.99%
- 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 |
DHLYX vs. FALGX - 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% |
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 DHLYX and FALGX is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
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 Dec 30, 2011 | 0.89 |
Over the past year, the correlation between DHLYX and FALGX has dropped to 0.19 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
DHLYX vs. FALGX — Risk / Return Rank
DHLYX
FALGX
DHLYX vs. FALGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund Class Y (DHLYX) 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.
| DHLYX | FALGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.52 | +0.24 |
| Martin ratioReturn relative to average drawdown | 1.94 | 0.78 | +1.16 |
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Drawdowns
DHLYX vs. FALGX - Drawdown Comparison
The maximum DHLYX drawdown since its inception was -38.87%, smaller than the maximum FALGX drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for DHLYX and FALGX.
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Drawdown Indicators
| DHLYX | FALGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.87% | -64.07% | +25.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -5.06% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -21.78% | +6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -21.78% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | -37.58% | -1.29% |
Current DrawdownCurrent decline from peak | -0.44% | -4.20% | +3.76% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -14.39% | +9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.14% | +0.13% |
Volatility
DHLYX vs. FALGX - Volatility Comparison
Diamond Hill Large Cap Fund Class Y (DHLYX) has a higher volatility of 3.48% compared to Fidelity Advisor Large Cap Fund Class M (FALGX) at 0.00%. This indicates that DHLYX'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
| DHLYX | FALGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 0.00% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 0.00% | +8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 7.26% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 16.49% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 18.53% | -0.55% |
DHLYX vs. FALGX - Expense Ratio Comparison
DHLYX has a 0.56% expense ratio, which is lower than FALGX's 1.05% expense ratio.
Dividends
DHLYX vs. FALGX - Dividend Comparison
DHLYX's dividend yield for the trailing twelve months is around 6.17%, more than FALGX's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
DHLYX and FALGX have a correlation of 0.19, 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 FALGX (0.00%). In terms of maximum drawdown, DHLYX dropped -38.87% vs FALGX's -64.07%.
DHLYX currently has the higher Sharpe Ratio (0.55 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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