DHSCX vs. IJR
DHSCX (Diamond Hill Small Cap Fund) and IJR (iShares Core S&P Small-Cap ETF) are both funds - DHSCX is a Small Cap Value Equities fund managed by Diamond Hill, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Over the past 10 years, DHSCX returned 10.63%/yr vs 10.86%/yr for IJR. Their correlation of 0.92 means they have usually moved in the same direction. DHSCX charges 1.26%/yr vs 0.06%/yr for IJR.
Performance
DHSCX vs. IJR - Performance Comparison
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Returns By Period
In the year-to-date period, DHSCX achieves a 27.91% return, which is significantly higher than IJR's 21.59% return. Both investments have delivered pretty close results over the past 10 years, with DHSCX having a 10.63% annualized return and IJR not far ahead at 10.86%.
DHSCX
- 1D
- 0.45%
- 1M
- -0.26%
- 6M
- 19.95%
- YTD
- 27.91%
- 1Y
- 42.53%
- 3Y*
- 19.29%
- 5Y*
- 13.45%
- 10Y*
- 10.63%
- ALL TIME*
- 10.18%
IJR
- 1D
- -0.03%
- 1M
- -0.70%
- 6M
- 15.04%
- YTD
- 21.59%
- 1Y
- 35.87%
- 3Y*
- 13.39%
- 5Y*
- 7.39%
- 10Y*
- 10.86%
- ALL TIME*
- 10.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $499.82M | $465.35M | $539.29M |
DHSCX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHSCX Diamond Hill Small Cap Fund | 27.91% | 11.48% | 12.75% | 23.99% | -15.11% | 32.30% | -0.54% | 21.45% | -15.23% | 10.56% |
IJR iShares Core S&P Small-Cap ETF | 21.59% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Correlation
The correlation between DHSCX and IJR is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2000 | 0.92 |
The correlation between DHSCX and IJR has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
DHSCX vs. IJR — Risk / Return Rank
DHSCX
IJR
DHSCX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Small Cap Fund (DHSCX) and iShares Core S&P Small-Cap ETF (IJR). 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.
| DHSCX | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 3.89 | -0.42 |
| Martin ratioReturn relative to average drawdown | 11.34 | 13.29 | -1.95 |
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Drawdowns
DHSCX vs. IJR - Drawdown Comparison
The maximum DHSCX drawdown since its inception was -53.15%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for DHSCX and IJR.
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Drawdown Indicators
| DHSCX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.15% | -58.15% | +5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -8.68% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -28.41% | -28.02% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -28.41% | -28.02% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -46.19% | -44.36% | -1.83% |
Current DrawdownCurrent decline from peak | -1.40% | -1.92% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -9.23% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.54% | +0.84% |
Volatility
DHSCX vs. IJR - Volatility Comparison
Diamond Hill Small Cap Fund (DHSCX) has a higher volatility of 5.78% compared to iShares Core S&P Small-Cap ETF (IJR) at 3.40%. This indicates that DHSCX's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHSCX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 3.40% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 11.62% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.87% | 17.33% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 21.25% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 22.85% | -0.61% |
DHSCX vs. IJR - Expense Ratio Comparison
DHSCX has a 1.26% expense ratio, which is higher than IJR's 0.06% expense ratio.
Dividends
DHSCX vs. IJR - Dividend Comparison
DHSCX's dividend yield for the trailing twelve months is around 4.54%, more than IJR's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHSCX Diamond Hill Small Cap Fund | 4.54% | 5.80% | 16.10% | 30.73% | 18.17% | 17.43% | 0.32% | 6.94% | 10.29% | 6.68% | 2.50% | 1.63% |
IJR iShares Core S&P Small-Cap ETF | 1.13% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Frequently Asked Questions
With a correlation of 0.91, DHSCX and IJR 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.
DHSCX has higher volatility (5.78%) compared to IJR (3.40%). In terms of maximum drawdown, DHSCX dropped -53.15% vs IJR's -58.15%.
IJR currently has the higher Sharpe Ratio (1.95 vs 1.92), 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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