DHMAX vs. FRNKX
DHMAX (Diamond Hill Small-Mid Cap Fund) and FRNKX (Frank Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, DHMAX returned 7.40%/yr vs 8.25%/yr for FRNKX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. DHMAX charges 1.21%/yr vs 1.37%/yr for FRNKX.
Performance
DHMAX vs. FRNKX - Performance Comparison
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Returns By Period
In the year-to-date period, DHMAX achieves a 9.78% return, which is significantly lower than FRNKX's 17.47% return. Over the past 10 years, DHMAX has underperformed FRNKX with an annualized return of 7.40%, while FRNKX has yielded a comparatively higher 8.25% annualized return.
DHMAX
- 1D
- 1.53%
- 1M
- 1.28%
- 6M
- 6.34%
- YTD
- 9.78%
- 1Y
- 14.13%
- 3Y*
- 10.17%
- 5Y*
- 6.16%
- 10Y*
- 7.40%
- ALL TIME*
- 7.72%
FRNKX
- 1D
- 0.86%
- 1M
- 2.63%
- 6M
- 14.67%
- YTD
- 17.47%
- 1Y
- 16.44%
- 3Y*
- 19.25%
- 5Y*
- 13.22%
- 10Y*
- 8.25%
- ALL TIME*
- 7.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
FRNKX Frank Value Fund | $0.00 | $0.00 | $0.00 |
DHMAX vs. FRNKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHMAX Diamond Hill Small-Mid Cap Fund | 9.78% | 8.26% | 7.77% | 11.15% | -13.88% | 30.75% | 1.03% | 27.39% | -12.85% | 5.47% |
FRNKX Frank Value Fund | 17.47% | 12.05% | 19.31% | 14.88% | 4.23% | 6.46% | 12.84% | 4.15% | -2.24% | -2.81% |
Correlation
The correlation between DHMAX and FRNKX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.75 |
The correlation between DHMAX and FRNKX shifts across timeframes, from 0.66 (10 years) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DHMAX vs. FRNKX — Risk / Return Rank
DHMAX
FRNKX
DHMAX vs. FRNKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Small-Mid Cap Fund (DHMAX) and Frank Value Fund (FRNKX). 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.
| DHMAX | FRNKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.75 | -1.36 |
| Martin ratioReturn relative to average drawdown | 4.07 | 7.04 | -2.97 |
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Drawdowns
DHMAX vs. FRNKX - Drawdown Comparison
The maximum DHMAX drawdown since its inception was -57.04%, smaller than the maximum FRNKX drawdown of -97.09%. Use the drawdown chart below to compare losses from any high point for DHMAX and FRNKX.
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Drawdown Indicators
| DHMAX | FRNKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.04% | -97.09% | +40.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -6.95% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -97.09% | +76.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -97.09% | +74.07% |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | -97.09% | +51.63% |
Current DrawdownCurrent decline from peak | -0.28% | -95.60% | +95.32% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -12.65% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.71% | +0.96% |
Volatility
DHMAX vs. FRNKX - Volatility Comparison
Diamond Hill Small-Mid Cap Fund (DHMAX) has a higher volatility of 4.08% compared to Frank Value Fund (FRNKX) at 3.66%. This indicates that DHMAX's price experiences larger fluctuations and is considered to be riskier than FRNKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHMAX | FRNKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.66% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 11.00% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 15.03% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 1,805.77% | -1,786.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 1,276.86% | -1,255.87% |
DHMAX vs. FRNKX - Expense Ratio Comparison
DHMAX has a 1.21% expense ratio, which is lower than FRNKX's 1.37% expense ratio.
Dividends
DHMAX vs. FRNKX - Dividend Comparison
DHMAX's dividend yield for the trailing twelve months is around 5.59%, less than FRNKX's 10.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHMAX Diamond Hill Small-Mid Cap Fund | 5.59% | 6.14% | 7.75% | 1.00% | 5.01% | 5.55% | 0.49% | 4.81% | 4.51% | 0.45% | 1.74% | 1.20% |
FRNKX Frank Value Fund | 10.20% | 11.98% | 4.63% | 10.14% | 8.10% | 4.93% | 0.00% | 0.23% | 3.23% | 0.00% | 3.00% | 7.64% |
Frequently Asked Questions
DHMAX and FRNKX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHMAX has higher volatility (4.08%) compared to FRNKX (3.66%). In terms of maximum drawdown, DHMAX dropped -57.04% vs FRNKX's -97.09%.
FRNKX currently has the higher Sharpe Ratio (1.27 vs 0.96), 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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