DHRAX vs. DHIAX
DHRAX (Diamond Hill Core Bond Fund) and DHIAX (Diamond Hill International Fund) are both mutual funds - DHRAX is a Intermediate Core Bond fund managed by Diamond Hill, while DHIAX is a Foreign Large Cap Equities fund managed by Diamond Hill. Over the past 5 years, DHRAX returned 0.27%/yr vs 8.16%/yr for DHIAX. Their 0.07 correlation means their historical movements had little consistent relationship. DHRAX charges 0.76%/yr vs 1.13%/yr for DHIAX.
Performance
DHRAX vs. DHIAX - Performance Comparison
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Returns By Period
In the year-to-date period, DHRAX achieves a -0.09% return, which is significantly lower than DHIAX's 10.54% return.
DHRAX
- 1D
- 0.03%
- 1M
- -0.85%
- 6M
- -0.43%
- YTD
- -0.09%
- 1Y
- 2.10%
- 3Y*
- 4.36%
- 5Y*
- 0.27%
- 10Y*
- —
- ALL TIME*
- 2.21%
DHIAX
- 1D
- 2.08%
- 1M
- 0.83%
- 6M
- 3.87%
- YTD
- 10.54%
- 1Y
- 24.10%
- 3Y*
- 14.00%
- 5Y*
- 8.16%
- 10Y*
- —
- ALL TIME*
- 9.66%
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 |
DHRAX vs. DHIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DHRAX Diamond Hill Core Bond Fund | -0.09% | 6.55% | 3.18% | 6.20% | -12.05% | -1.24% | 7.60% | 1.85% |
DHIAX Diamond Hill International Fund | 10.54% | 27.86% | 3.55% | 17.88% | -13.82% | 12.41% | 6.48% | 7.92% |
Correlation
The correlation between DHRAX and DHIAX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2019 | 0.07 |
Over the past year, DHRAX and DHIAX have become more correlated (0.38) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
DHRAX vs. DHIAX — Risk / Return Rank
DHRAX
DHIAX
DHRAX vs. DHIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Core Bond Fund (DHRAX) 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.
| DHRAX | DHIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.25 | -1.18 |
| Martin ratioReturn relative to average drawdown | 2.71 | 7.90 | -5.19 |
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Drawdowns
DHRAX vs. DHIAX - Drawdown Comparison
The maximum DHRAX drawdown since its inception was -16.15%, smaller than the maximum DHIAX drawdown of -36.15%. Use the drawdown chart below to compare losses from any high point for DHRAX and DHIAX.
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Drawdown Indicators
| DHRAX | DHIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -36.15% | +20.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -10.02% | +7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.59% | -14.51% | +9.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | -28.67% | +12.52% |
Current DrawdownCurrent decline from peak | -2.03% | -1.24% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -6.96% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.85% | -1.78% |
Volatility
DHRAX vs. DHIAX - Volatility Comparison
The current volatility for Diamond Hill Core Bond Fund (DHRAX) is 0.85%, while Diamond Hill International Fund (DHIAX) has a volatility of 4.25%. This indicates that DHRAX 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
| DHRAX | DHIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 4.25% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 12.81% | -10.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 14.76% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 15.43% | -9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 17.77% | -13.13% |
DHRAX vs. DHIAX - Expense Ratio Comparison
DHRAX has a 0.76% expense ratio, which is lower than DHIAX's 1.13% expense ratio.
Dividends
DHRAX vs. DHIAX - Dividend Comparison
DHRAX's dividend yield for the trailing twelve months is around 4.51%, more than DHIAX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DHIAX Diamond Hill International Fund | 4.08% | 4.51% | 1.26% | 0.92% | 1.14% | 3.71% | 0.89% | 0.34% | 0.00% | 0.00% |
DHRAX Diamond Hill Core Bond Fund | 4.51% | 4.02% | 4.72% | 4.05% | 2.63% | 1.99% | 2.05% | 2.49% | 2.69% | 2.24% |
Frequently Asked Questions
DHRAX and DHIAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHIAX has higher volatility (4.25%) compared to DHRAX (0.85%). In terms of maximum drawdown, DHRAX dropped -16.15% vs DHIAX's -36.15%.
DHIAX currently has the higher Sharpe Ratio (1.53 vs 0.84), 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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