DIAMX vs. TQQQ

In the year-to-date period, DIAMX achieves a 2.53% return, which is significantly higher than TQQQ's -24.67% return. Over the past 10 years, DIAMX has underperformed TQQQ with an annualized return of 1.59%, while TQQQ has yielded a comparatively higher 30.09% annualized return.

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DIAMX has a 1.36% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Long-Short Fund (DIAMX) and ProShares UltraPro QQQ (TQQQ). 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.

The current DIAMX Sharpe Ratio is -0.15, which is lower than the TQQQ Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of DIAMX and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

DIAMX's dividend yield for the trailing twelve months is around 2.16%, more than TQQQ's 1.66% yield.

The maximum DIAMX drawdown since its inception was -41.19%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DIAMX and TQQQ. For additional features, visit the drawdowns tool.

The current volatility for Diamond Hill Long-Short Fund (DIAMX) is 7.97%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 48.30%. This indicates that DIAMX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.