DHPAX vs. FLMVX
DHPAX (Diamond Hill Mid Cap Fund) and FLMVX (JPMorgan Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, DHPAX returned 8.12%/yr vs 10.61%/yr for FLMVX. Their correlation of 0.94 means they have usually moved in the same direction. DHPAX charges 1.07%/yr vs 0.75%/yr for FLMVX.
Performance
DHPAX vs. FLMVX - Performance Comparison
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Returns By Period
In the year-to-date period, DHPAX achieves a 8.39% return, which is significantly lower than FLMVX's 14.54% return. Over the past 10 years, DHPAX has underperformed FLMVX with an annualized return of 8.12%, while FLMVX has yielded a comparatively higher 10.61% annualized return.
DHPAX
- 1D
- 1.17%
- 1M
- 1.23%
- 6M
- 5.35%
- YTD
- 8.39%
- 1Y
- 14.39%
- 3Y*
- 12.98%
- 5Y*
- 7.03%
- 10Y*
- 8.12%
- ALL TIME*
- 7.87%
FLMVX
- 1D
- 0.88%
- 1M
- 2.15%
- 6M
- 9.83%
- YTD
- 14.54%
- 1Y
- 17.92%
- 3Y*
- 17.59%
- 5Y*
- 10.97%
- 10Y*
- 10.61%
- ALL TIME*
- 11.98%
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 |
DHPAX vs. FLMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHPAX Diamond Hill Mid Cap Fund | 8.39% | 12.95% | 10.48% | 9.19% | -13.67% | 30.87% | -2.01% | 25.38% | -10.58% | 10.13% |
FLMVX JPMorgan Mid Cap Value Fund | 14.54% | 5.17% | 27.75% | 11.38% | -8.11% | 29.89% | 0.36% | 26.67% | -11.66% | 13.67% |
Correlation
The correlation between DHPAX and FLMVX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.95 |
The correlation between DHPAX and FLMVX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
DHPAX vs. FLMVX — Risk / Return Rank
DHPAX
FLMVX
DHPAX vs. FLMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Mid Cap Fund (DHPAX) and JPMorgan Mid Cap Value Fund (FLMVX). 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.
| DHPAX | FLMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.70 | -1.17 |
| Martin ratioReturn relative to average drawdown | 4.81 | 9.35 | -4.53 |
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Drawdowns
DHPAX vs. FLMVX - Drawdown Comparison
The maximum DHPAX drawdown since its inception was -46.59%, smaller than the maximum FLMVX drawdown of -54.72%. Use the drawdown chart below to compare losses from any high point for DHPAX and FLMVX.
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Drawdown Indicators
| DHPAX | FLMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.59% | -54.72% | +8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -7.19% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.45% | -15.91% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -25.59% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -46.59% | -43.06% | -3.53% |
Current DrawdownCurrent decline from peak | -0.52% | -0.52% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -6.42% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.07% | +1.11% |
Volatility
DHPAX vs. FLMVX - Volatility Comparison
Diamond Hill Mid Cap Fund (DHPAX) and JPMorgan Mid Cap Value Fund (FLMVX) have volatilities of 3.49% and 3.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHPAX | FLMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.64% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 8.71% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 12.08% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 19.25% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 20.40% | +0.33% |
DHPAX vs. FLMVX - Expense Ratio Comparison
DHPAX has a 1.07% expense ratio, which is higher than FLMVX's 0.75% expense ratio.
Dividends
DHPAX vs. FLMVX - Dividend Comparison
DHPAX's dividend yield for the trailing twelve months is around 16.68%, less than FLMVX's 18.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHPAX Diamond Hill Mid Cap Fund | 16.68% | 18.08% | 8.84% | 2.20% | 4.96% | 0.30% | 0.53% | 1.79% | 2.84% | 1.49% | 0.63% | 0.35% |
FLMVX JPMorgan Mid Cap Value Fund | 18.48% | 21.16% | 23.25% | 6.10% | 11.73% | 14.98% | 7.73% | 5.20% | 8.30% | 2.71% | 7.04% | 6.69% |
Frequently Asked Questions
With a correlation of 0.90, DHPAX and FLMVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FLMVX has higher volatility (3.64%) compared to DHPAX (3.49%). In terms of maximum drawdown, DHPAX dropped -46.59% vs FLMVX's -54.72%.
FLMVX currently has the higher Sharpe Ratio (1.61 vs 1.11), 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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