Correlation
The correlation between DHTAX and SPY is 0.87, 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. SPY
Compare and contrast key facts about Diamond Hill All Cap Select Fund (DHTAX) and SPDR S&P 500 ETF (SPY).
DHTAX is managed by Diamond Hill. It was launched on Dec 30, 2005. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHTAX or SPY.
Performance
DHTAX vs. SPY - Performance Comparison
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Key characteristics
DHTAX:
0.15
SPY:
0.70
DHTAX:
0.39
SPY:
1.02
DHTAX:
1.05
SPY:
1.15
DHTAX:
0.17
SPY:
0.68
DHTAX:
0.50
SPY:
2.57
DHTAX:
7.05%
SPY:
4.93%
DHTAX:
22.48%
SPY:
20.42%
DHTAX:
-51.42%
SPY:
-55.19%
DHTAX:
-8.82%
SPY:
-3.55%
Returns By Period
In the year-to-date period, DHTAX achieves a -2.09% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, DHTAX has underperformed SPY with an annualized return of 9.32%, while SPY has yielded a comparatively higher 12.73% annualized return.
DHTAX
-2.09%
5.71%
-7.82%
3.38%
9.56%
17.61%
9.32%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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DHTAX vs. SPY - Expense Ratio Comparison
DHTAX has a 1.16% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DHTAX vs. SPY — Risk-Adjusted Performance Rank
DHTAX
SPY
DHTAX vs. SPY - 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 500 ETF (SPY). 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. SPY - Dividend Comparison
DHTAX's dividend yield for the trailing twelve months is around 6.80%, more than SPY's 1.22% 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% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DHTAX vs. SPY - Drawdown Comparison
The maximum DHTAX drawdown since its inception was -51.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DHTAX and SPY.
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Volatility
DHTAX vs. SPY - Volatility Comparison
Diamond Hill All Cap Select Fund (DHTAX) has a higher volatility of 7.00% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that DHTAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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