DHTAX vs. DHIAX
DHTAX (Diamond Hill All Cap Select Fund) and DHIAX (Diamond Hill International Fund) are both mutual funds - DHTAX is a Mid Cap Value Equities fund managed by Diamond Hill, while DHIAX is a Foreign Large Cap Equities fund managed by Diamond Hill. Over the past 5 years, DHTAX returned 10.31%/yr vs 8.09%/yr for DHIAX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. DHTAX charges 1.16%/yr vs 1.13%/yr for DHIAX.
Performance
DHTAX vs. DHIAX - Performance Comparison
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Returns By Period
In the year-to-date period, DHTAX achieves a 9.53% return, which is significantly lower than DHIAX's 10.59% return.
DHTAX
- 1D
- 1.05%
- 1M
- 2.79%
- 6M
- 6.96%
- YTD
- 9.53%
- 1Y
- 17.27%
- 3Y*
- 14.75%
- 5Y*
- 10.31%
- 10Y*
- 12.95%
- ALL TIME*
- 9.27%
DHIAX
- 1D
- 0.44%
- 1M
- 0.87%
- 6M
- 2.44%
- YTD
- 10.59%
- 1Y
- 22.82%
- 3Y*
- 15.01%
- 5Y*
- 8.09%
- 10Y*
- —
- ALL TIME*
- 9.65%
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 |
DHTAX vs. DHIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DHTAX Diamond Hill All Cap Select Fund | 9.53% | 13.28% | 12.75% | 30.19% | -17.47% | 32.89% | 14.30% | 11.55% |
DHIAX Diamond Hill International Fund | 10.59% | 27.86% | 3.55% | 17.88% | -13.82% | 12.41% | 6.48% | 7.92% |
Correlation
The correlation between DHTAX and DHIAX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2019 | 0.71 |
Over the past year, the correlation between DHTAX and DHIAX has dropped to 0.41 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
DHTAX vs. DHIAX — Risk / Return Rank
DHTAX
DHIAX
DHTAX vs. DHIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill All Cap Select Fund (DHTAX) 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.
| DHTAX | DHIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.42 | -0.11 |
| Martin ratioReturn relative to average drawdown | 5.80 | 8.49 | -2.69 |
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Drawdowns
DHTAX vs. DHIAX - Drawdown Comparison
The maximum DHTAX drawdown since its inception was -51.42%, which is greater than DHIAX's maximum drawdown of -36.15%. Use the drawdown chart below to compare losses from any high point for DHTAX and DHIAX.
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Drawdown Indicators
| DHTAX | DHIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.42% | -36.15% | -15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -10.02% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -14.51% | -6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -28.67% | +4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -44.28% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.20% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -6.95% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.85% | +0.26% |
Volatility
DHTAX vs. DHIAX - Volatility Comparison
Diamond Hill All Cap Select Fund (DHTAX) has a higher volatility of 4.29% compared to Diamond Hill International Fund (DHIAX) at 3.80%. This indicates that DHTAX's price experiences larger fluctuations and is considered to be riskier 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
| DHTAX | DHIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 3.80% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 12.73% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 14.71% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.89% | 15.43% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 17.76% | +4.20% |
DHTAX vs. DHIAX - Expense Ratio Comparison
DHTAX has a 1.16% expense ratio, which is higher than DHIAX's 1.13% expense ratio.
Dividends
DHTAX vs. DHIAX - Dividend Comparison
DHTAX's dividend yield for the trailing twelve months is around 7.49%, more than DHIAX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
DHTAX Diamond Hill All Cap Select Fund | 7.49% | 8.20% | 6.66% | 0.28% | 4.08% | 13.72% | 0.28% | 1.93% | 11.56% | 0.00% | 1.27% | 3.32% |
Frequently Asked Questions
DHTAX and DHIAX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHTAX has higher volatility (4.29%) compared to DHIAX (3.80%). In terms of maximum drawdown, DHTAX dropped -51.42% vs DHIAX's -36.15%.
DHIAX currently has the higher Sharpe Ratio (1.65 vs 1.23), 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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