Correlation
The correlation between DHTAX and VOE is 0.88, 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. VOE
Compare and contrast key facts about Diamond Hill All Cap Select Fund (DHTAX) and Vanguard Mid-Cap Value ETF (VOE).
DHTAX is managed by Diamond Hill. It was launched on Dec 30, 2005. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHTAX or VOE.
Performance
DHTAX vs. VOE - Performance Comparison
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Key characteristics
DHTAX:
0.15
VOE:
0.55
DHTAX:
0.39
VOE:
0.85
DHTAX:
1.05
VOE:
1.11
DHTAX:
0.17
VOE:
0.48
DHTAX:
0.50
VOE:
1.52
DHTAX:
7.05%
VOE:
5.80%
DHTAX:
22.48%
VOE:
16.87%
DHTAX:
-51.42%
VOE:
-61.54%
DHTAX:
-8.82%
VOE:
-7.22%
Returns By Period
In the year-to-date period, DHTAX achieves a -2.09% return, which is significantly lower than VOE's 0.43% return. Over the past 10 years, DHTAX has outperformed VOE with an annualized return of 9.32%, while VOE has yielded a comparatively lower 8.14% annualized return.
DHTAX
-2.09%
5.71%
-7.82%
3.38%
9.56%
17.61%
9.32%
VOE
0.43%
3.69%
-7.22%
9.20%
6.00%
13.67%
8.14%
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DHTAX vs. VOE - Expense Ratio Comparison
DHTAX has a 1.16% expense ratio, which is higher than VOE's 0.07% expense ratio.
Risk-Adjusted Performance
DHTAX vs. VOE — Risk-Adjusted Performance Rank
DHTAX
VOE
DHTAX vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill All Cap Select Fund (DHTAX) and Vanguard Mid-Cap Value ETF (VOE). 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. VOE - Dividend Comparison
DHTAX's dividend yield for the trailing twelve months is around 6.80%, more than VOE's 2.32% 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% |
VOE Vanguard Mid-Cap Value ETF | 2.32% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% |
Drawdowns
DHTAX vs. VOE - Drawdown Comparison
The maximum DHTAX drawdown since its inception was -51.42%, smaller than the maximum VOE drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for DHTAX and VOE.
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Volatility
DHTAX vs. VOE - Volatility Comparison
Diamond Hill All Cap Select Fund (DHTAX) has a higher volatility of 7.00% compared to Vanguard Mid-Cap Value ETF (VOE) at 4.49%. This indicates that DHTAX's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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