DHPAX vs. DHSCX
Compare and contrast key facts about Diamond Hill Mid Cap Fund (DHPAX) and Diamond Hill Small Cap Fund (DHSCX).
DHPAX is managed by Diamond Hill. It was launched on Dec 31, 2013. DHSCX is managed by Diamond Hill. It was launched on Dec 29, 2000.
Performance
DHPAX vs. DHSCX - Performance Comparison
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DHPAX vs. DHSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHPAX Diamond Hill Mid Cap Fund | -5.01% | 12.95% | 10.48% | 9.19% | -13.67% | 30.87% | -2.01% | 25.38% | -10.58% | 10.13% |
DHSCX Diamond Hill Small Cap Fund | 0.74% | 11.48% | 12.75% | 23.99% | -15.11% | 32.30% | -0.54% | 21.45% | -15.23% | 10.56% |
Returns By Period
In the year-to-date period, DHPAX achieves a -5.01% return, which is significantly lower than DHSCX's 0.74% return. Over the past 10 years, DHPAX has underperformed DHSCX with an annualized return of 7.31%, while DHSCX has yielded a comparatively higher 8.55% annualized return.
DHPAX
- 1D
- -0.72%
- 1M
- -10.02%
- YTD
- -5.01%
- 6M
- -2.05%
- 1Y
- 8.40%
- 3Y*
- 9.73%
- 5Y*
- 5.19%
- 10Y*
- 7.31%
DHSCX
- 1D
- -0.08%
- 1M
- -7.21%
- YTD
- 0.74%
- 6M
- 5.52%
- 1Y
- 27.11%
- 3Y*
- 13.91%
- 5Y*
- 8.76%
- 10Y*
- 8.55%
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DHPAX vs. DHSCX - Expense Ratio Comparison
DHPAX has a 1.07% expense ratio, which is lower than DHSCX's 1.26% expense ratio.
Return for Risk
DHPAX vs. DHSCX — Risk / Return Rank
DHPAX
DHSCX
DHPAX vs. DHSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Mid Cap Fund (DHPAX) and Diamond Hill Small Cap Fund (DHSCX). 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.
| DHPAX | DHSCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 1.17 | -0.65 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.79 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.91 | -1.27 |
Martin ratioReturn relative to average drawdown | 2.49 | 6.37 | -3.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DHPAX | DHSCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.17 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.41 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.39 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.45 | -0.10 |
Correlation
The correlation between DHPAX and DHSCX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DHPAX vs. DHSCX - Dividend Comparison
DHPAX's dividend yield for the trailing twelve months is around 19.03%, more than DHSCX's 5.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHPAX Diamond Hill Mid Cap Fund | 19.03% | 18.08% | 8.84% | 2.20% | 4.96% | 0.30% | 0.53% | 1.79% | 2.84% | 1.49% | 0.63% | 0.35% |
DHSCX Diamond Hill Small Cap Fund | 5.76% | 5.80% | 16.10% | 30.73% | 18.17% | 17.43% | 0.32% | 6.94% | 10.29% | 6.68% | 2.50% | 1.63% |
Drawdowns
DHPAX vs. DHSCX - Drawdown Comparison
The maximum DHPAX drawdown since its inception was -46.59%, smaller than the maximum DHSCX drawdown of -53.15%. Use the drawdown chart below to compare losses from any high point for DHPAX and DHSCX.
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Drawdown Indicators
| DHPAX | DHSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.59% | -53.15% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -12.92% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -28.41% | +4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -46.59% | -46.19% | -0.40% |
Current DrawdownCurrent decline from peak | -10.02% | -10.21% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -8.36% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.88% | -0.75% |
Volatility
DHPAX vs. DHSCX - Volatility Comparison
The current volatility for Diamond Hill Mid Cap Fund (DHPAX) is 4.42%, while Diamond Hill Small Cap Fund (DHSCX) has a volatility of 6.10%. This indicates that DHPAX experiences smaller price fluctuations and is considered to be less risky than DHSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHPAX | DHSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 6.10% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 13.96% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.25% | 23.79% | -5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 21.44% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 22.13% | -1.34% |