DIAMX vs. FLSPX
Compare and contrast key facts about Diamond Hill Long-Short Fund (DIAMX) and Meeder Spectrum Fund (FLSPX).
DIAMX is managed by Diamond Hill. It was launched on Jun 29, 2000. FLSPX is managed by Meeder Funds. It was launched on Jan 1, 2015.
Performance
DIAMX vs. FLSPX - Performance Comparison
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DIAMX vs. FLSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIAMX Diamond Hill Long-Short Fund | -6.15% | 18.76% | 9.93% | 12.14% | -8.75% | 19.04% | -0.56% | 22.80% | -7.32% | 5.65% |
FLSPX Meeder Spectrum Fund | -3.90% | 16.15% | 27.96% | 14.00% | -11.49% | 20.56% | -0.23% | 13.03% | -3.96% | 19.30% |
Returns By Period
In the year-to-date period, DIAMX achieves a -6.15% return, which is significantly lower than FLSPX's -3.90% return. Over the past 10 years, DIAMX has underperformed FLSPX with an annualized return of 6.91%, while FLSPX has yielded a comparatively higher 9.18% annualized return.
DIAMX
- 1D
- 0.24%
- 1M
- -5.62%
- YTD
- -6.15%
- 6M
- -1.36%
- 1Y
- 8.51%
- 3Y*
- 10.97%
- 5Y*
- 6.54%
- 10Y*
- 6.91%
FLSPX
- 1D
- -0.21%
- 1M
- -7.98%
- YTD
- -3.90%
- 6M
- -0.48%
- 1Y
- 16.95%
- 3Y*
- 16.58%
- 5Y*
- 10.35%
- 10Y*
- 9.18%
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DIAMX vs. FLSPX - Expense Ratio Comparison
DIAMX has a 1.36% expense ratio, which is lower than FLSPX's 1.52% expense ratio.
Return for Risk
DIAMX vs. FLSPX — Risk / Return Rank
DIAMX
FLSPX
DIAMX vs. FLSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Long-Short Fund (DIAMX) and Meeder Spectrum Fund (FLSPX). 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.
| DIAMX | FLSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.15 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.64 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.60 | -0.49 |
Martin ratioReturn relative to average drawdown | 4.12 | 6.54 | -2.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIAMX | FLSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.15 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.78 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.68 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.63 | -0.16 |
Correlation
The correlation between DIAMX and FLSPX is 0.77, 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.
Dividends
DIAMX vs. FLSPX - Dividend Comparison
DIAMX's dividend yield for the trailing twelve months is around 1.48%, less than FLSPX's 4.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIAMX Diamond Hill Long-Short Fund | 1.48% | 1.39% | 9.52% | 4.03% | 5.07% | 10.81% | 0.97% | 6.32% | 4.94% | 2.15% | 3.42% | 0.48% |
FLSPX Meeder Spectrum Fund | 4.71% | 4.32% | 17.39% | 8.41% | 2.81% | 5.55% | 0.09% | 0.96% | 1.26% | 6.78% | 2.52% | 1.55% |
Drawdowns
DIAMX vs. FLSPX - Drawdown Comparison
The maximum DIAMX drawdown since its inception was -40.92%, which is greater than FLSPX's maximum drawdown of -27.07%. Use the drawdown chart below to compare losses from any high point for DIAMX and FLSPX.
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Drawdown Indicators
| DIAMX | FLSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.92% | -27.07% | -13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -9.46% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.96% | -20.01% | +3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -31.57% | -27.07% | -4.50% |
Current DrawdownCurrent decline from peak | -6.79% | -8.73% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -5.76% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.31% | -0.42% |
Volatility
DIAMX vs. FLSPX - Volatility Comparison
The current volatility for Diamond Hill Long-Short Fund (DIAMX) is 2.22%, while Meeder Spectrum Fund (FLSPX) has a volatility of 4.71%. This indicates that DIAMX experiences smaller price fluctuations and is considered to be less risky than FLSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIAMX | FLSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 4.71% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.86% | 9.45% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 14.99% | -4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.54% | 13.36% | -2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.94% | 13.59% | -0.65% |