DHRAX vs. KCCIX

Last updated Jun 5, 2026

DHRAX (Diamond Hill Core Bond Fund) and KCCIX (Knights of Columbus Core Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, DHRAX returned 0.65%/yr vs -0.24%/yr for KCCIX. Their correlation of 0.94 suggests significant overlap in exposure. DHRAX charges 0.76%/yr vs 0.71%/yr for KCCIX.

Performance

DHRAX vs. KCCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Diamond Hill Core Bond Fund (DHRAX) and Knights of Columbus Core Bond Fund (KCCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DHRAX achieves a 0.37% return, which is significantly lower than KCCIX's 0.43% return.

DHRAX

• 1D: -0.11%
• 1M: 0.16%
• YTD: 0.37%
• 6M: 0.30%
• 1Y: 4.35%
• 3Y*: 4.48%
• 5Y*: 0.65%
• 10Y*: —

KCCIX

• 1D: -0.11%
• 1M: 0.23%
• YTD: 0.43%
• 6M: 0.43%
• 1Y: 4.69%
• 3Y*: 3.90%
• 5Y*: -0.24%
• 10Y*: 1.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DHRAX vs. KCCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DHRAX Diamond Hill Core Bond Fund	0.37%	6.55%	3.18%	6.20%	-12.05%	-1.24%	7.60%	7.63%	1.28%	3.75%
KCCIX Knights of Columbus Core Bond Fund	0.43%	6.94%	1.50%	4.99%	-14.30%	-0.58%	7.21%	9.78%	-0.72%	4.55%

Correlation

The correlation between DHRAX and KCCIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.94

The correlation between DHRAX and KCCIX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

DHRAX vs. KCCIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DHRAX

DHRAX Risk / Return Rank: 26
DHRAX Sharpe Ratio Rank: 26
DHRAX Sortino Ratio Rank: 28
DHRAX Omega Ratio Rank: 26
DHRAX Calmar Ratio Rank: 26
DHRAX Martin Ratio Rank: 23

KCCIX

KCCIX Risk / Return Rank: 28
KCCIX Sharpe Ratio Rank: 26
KCCIX Sortino Ratio Rank: 27
KCCIX Omega Ratio Rank: 26
KCCIX Calmar Ratio Rank: 32
KCCIX Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DHRAX vs. KCCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Core Bond Fund (DHRAX) and Knights of Columbus Core Bond Fund (KCCIX). 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.

	DHRAX	KCCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.44	-0.01
Sortino ratio: Return per unit of downside risk	2.18	2.14	+0.04
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	1.87	2.06	-0.18
Martin ratio: Return relative to average drawdown	5.72	6.13	-0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DHRAX vs. KCCIX - Sharpe Ratio Comparison

The current DHRAX Sharpe Ratio is 1.43, which is comparable to the KCCIX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of DHRAX and KCCIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DHRAX	KCCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.44	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	-0.04	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.43	+0.07

Drawdowns

DHRAX vs. KCCIX - Drawdown Comparison

The maximum DHRAX drawdown since its inception was -16.15%, smaller than the maximum KCCIX drawdown of -18.52%. Use the drawdown chart below to compare losses from any high point for DHRAX and KCCIX.

Drawdown Indicators

	DHRAX	KCCIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.15%	-18.52%	+2.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-2.59%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-5.63%	-5.84%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	-16.15%	-18.52%	+2.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.52%	—
Current Drawdown Current decline from peak	-1.58%	-3.12%	+1.54%
Average Drawdown Average peak-to-trough decline	-3.70%	-4.80%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.87%	+0.01%

Volatility

DHRAX vs. KCCIX - Volatility Comparison

Diamond Hill Core Bond Fund (DHRAX) and Knights of Columbus Core Bond Fund (KCCIX) have volatilities of 1.15% and 1.18%, 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.

Volatility by Period

	DHRAX	KCCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	1.18%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.50%	2.66%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	3.69%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.50%	5.55%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.66%	4.69%	-0.03%

DHRAX vs. KCCIX - Expense Ratio Comparison

DHRAX has a 0.76% expense ratio, which is higher than KCCIX's 0.71% expense ratio.

Dividends

DHRAX vs. KCCIX - Dividend Comparison

DHRAX's dividend yield for the trailing twelve months is around 4.43%, more than KCCIX's 4.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DHRAX Diamond Hill Core Bond Fund	4.43%	4.02%	4.72%	4.05%	2.63%	1.99%	2.05%	2.49%	2.69%	2.24%	0.00%
KCCIX Knights of Columbus Core Bond Fund	4.03%	3.95%	3.73%	3.23%	2.80%	2.19%	3.19%	2.97%	2.96%	2.63%	2.41%

Frequently Asked Questions

Can I hold both DHRAX and KCCIX in my portfolio?

With a correlation of 0.94, DHRAX and KCCIX 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.

Which is riskier, DHRAX or KCCIX?

KCCIX has higher volatility (1.18%) compared to DHRAX (1.15%). In terms of maximum drawdown, DHRAX dropped -16.15% vs KCCIX's -18.52%.

Which has better risk-adjusted returns?

KCCIX currently has the higher Sharpe Ratio (1.44 vs 1.43), 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.