Correlation
The correlation between DHTAX and MDYG is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
DHTAX vs. MDYG
Compare and contrast key facts about Diamond Hill All Cap Select Fund (DHTAX) and SPDR S&P 400 Mid Cap Growth ETF (MDYG).
DHTAX is managed by Diamond Hill. It was launched on Dec 30, 2005. MDYG is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Nov 8, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHTAX or MDYG.
Performance
DHTAX vs. MDYG - Performance Comparison
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Key characteristics
DHTAX:
0.15
MDYG:
0.01
DHTAX:
0.39
MDYG:
0.15
DHTAX:
1.05
MDYG:
1.02
DHTAX:
0.17
MDYG:
-0.01
DHTAX:
0.50
MDYG:
-0.03
DHTAX:
7.05%
MDYG:
8.65%
DHTAX:
22.48%
MDYG:
23.14%
DHTAX:
-51.42%
MDYG:
-59.09%
DHTAX:
-8.82%
MDYG:
-10.94%
Returns By Period
In the year-to-date period, DHTAX achieves a -2.09% return, which is significantly higher than MDYG's -2.98% return. Over the past 10 years, DHTAX has outperformed MDYG with an annualized return of 9.32%, while MDYG has yielded a comparatively lower 8.58% annualized return.
DHTAX
-2.09%
5.71%
-7.82%
3.38%
9.56%
17.61%
9.32%
MDYG
-2.98%
6.25%
-10.40%
0.29%
8.57%
10.71%
8.58%
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DHTAX vs. MDYG - Expense Ratio Comparison
DHTAX has a 1.16% expense ratio, which is higher than MDYG's 0.15% expense ratio.
Risk-Adjusted Performance
DHTAX vs. MDYG — Risk-Adjusted Performance Rank
DHTAX
MDYG
DHTAX vs. MDYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill All Cap Select Fund (DHTAX) and SPDR S&P 400 Mid Cap Growth ETF (MDYG). 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.
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Dividends
DHTAX vs. MDYG - Dividend Comparison
DHTAX's dividend yield for the trailing twelve months is around 6.80%, more than MDYG's 0.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHTAX Diamond Hill All Cap Select Fund | 6.80% | 6.66% | 0.28% | 4.08% | 13.72% | 0.28% | 1.93% | 11.57% | 0.00% | 1.27% | 3.33% | 11.37% |
MDYG SPDR S&P 400 Mid Cap Growth ETF | 0.91% | 0.87% | 1.19% | 1.16% | 0.69% | 0.71% | 1.21% | 1.36% | 2.23% | 1.25% | 2.48% | 1.60% |
Drawdowns
DHTAX vs. MDYG - Drawdown Comparison
The maximum DHTAX drawdown since its inception was -51.42%, smaller than the maximum MDYG drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for DHTAX and MDYG.
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Volatility
DHTAX vs. MDYG - Volatility Comparison
Diamond Hill All Cap Select Fund (DHTAX) has a higher volatility of 7.00% compared to SPDR S&P 400 Mid Cap Growth ETF (MDYG) at 6.02%. This indicates that DHTAX's price experiences larger fluctuations and is considered to be riskier than MDYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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