DLDFX vs. DHEAX

Last updated Apr 1, 2026

Compare and contrast key facts about Destinations Low Duration Fixed Income Fund (DLDFX) and Diamond Hill Short Duration Securitized Bond Fund (DHEAX).

DLDFX is managed by Destinations Funds. It was launched on Mar 20, 2017. DHEAX is managed by Diamond Hill. It was launched on Jul 5, 2016.

Performance

DLDFX vs. DHEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Destinations Low Duration Fixed Income Fund (DLDFX) and Diamond Hill Short Duration Securitized Bond Fund (DHEAX). The values are adjusted to include any dividend payments, if applicable.

DLDFX vs. DHEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DLDFX Destinations Low Duration Fixed Income Fund	1.24%	4.91%	6.09%	7.11%	-2.59%	5.41%	1.52%	1.16%
DHEAX Diamond Hill Short Duration Securitized Bond Fund	0.75%	5.70%	9.15%	8.38%	-3.57%	2.42%	2.87%	2.05%

Returns By Period

In the year-to-date period, DLDFX achieves a 1.24% return, which is significantly higher than DHEAX's 0.75% return.

DLDFX

• 1D: 0.04%
• 1M: -0.28%
• YTD: 1.24%
• 6M: 2.37%
• 1Y: 5.86%
• 3Y*: 5.82%
• 5Y*: 3.89%
• 10Y*: —

DHEAX

• 1D: 0.11%
• 1M: -0.29%
• YTD: 0.75%
• 6M: 1.62%
• 1Y: 4.87%
• 3Y*: 7.37%
• 5Y*: 4.17%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DLDFX vs. DHEAX - Expense Ratio Comparison

DLDFX has a 0.93% expense ratio, which is higher than DHEAX's 0.83% expense ratio.

DLDFX

Destinations Low Duration Fixed Income Fund

DHEAX

Diamond Hill Short Duration Securitized Bond Fund

Return for Risk

DLDFX vs. DHEAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DLDFX

DLDFX Risk / Return Rank: 98
DLDFX Sharpe Ratio Rank: 98
DLDFX Sortino Ratio Rank: 98
DLDFX Omega Ratio Rank: 98
DLDFX Calmar Ratio Rank: 98
DLDFX Martin Ratio Rank: 98

DHEAX

DHEAX Risk / Return Rank: 99
DHEAX Sharpe Ratio Rank: 100
DHEAX Sortino Ratio Rank: 99
DHEAX Omega Ratio Rank: 99
DHEAX Calmar Ratio Rank: 99
DHEAX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DLDFX vs. DHEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destinations Low Duration Fixed Income Fund (DLDFX) and Diamond Hill Short Duration Securitized Bond Fund (DHEAX). 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.

	DLDFX	DHEAX	Difference
Sharpe ratio Return per unit of total volatility	3.11	4.13	-1.02
Sortino ratio Return per unit of downside risk	5.29	6.62	-1.33
Omega ratio Gain probability vs. loss probability	1.99	2.22	-0.23
Calmar ratio Return relative to maximum drawdown	4.37	10.12	-5.75
Martin ratio Return relative to average drawdown	22.98	38.95	-15.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DLDFX vs. DHEAX - Sharpe Ratio Comparison

The current DLDFX Sharpe Ratio is 3.11, which is comparable to the DHEAX Sharpe Ratio of 4.13. The chart below compares the historical Sharpe Ratios of DLDFX and DHEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DLDFX	DHEAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	4.13	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.20	2.77	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	1.73	1.73	0.00

Correlation

The correlation between DLDFX and DHEAX is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DLDFX vs. DHEAX - Dividend Comparison

DLDFX's dividend yield for the trailing twelve months is around 5.50%, less than DHEAX's 5.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLDFX Destinations Low Duration Fixed Income Fund	5.50%	5.29%	5.64%	4.77%	4.54%	3.74%	3.86%	2.18%	0.00%	0.00%
DHEAX Diamond Hill Short Duration Securitized Bond Fund	5.72%	5.27%	5.94%	5.25%	3.41%	2.31%	2.92%	3.76%	3.45%	3.20%

Drawdowns

DLDFX vs. DHEAX - Drawdown Comparison

The maximum DLDFX drawdown since its inception was -8.64%, smaller than the maximum DHEAX drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for DLDFX and DHEAX.

Drawdown Indicators

	DLDFX	DHEAX	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-12.34%	+3.70%
Max Drawdown (1Y) Largest decline over 1 year	-1.08%	-0.50%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-3.88%	-5.06%	+1.18%
Current Drawdown Current decline from peak	-0.49%	-0.29%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.72%	-0.82%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.13%	+0.12%

Volatility

DLDFX vs. DHEAX - Volatility Comparison

Destinations Low Duration Fixed Income Fund (DLDFX) has a higher volatility of 0.47% compared to Diamond Hill Short Duration Securitized Bond Fund (DHEAX) at 0.42%. This indicates that DLDFX's price experiences larger fluctuations and is considered to be riskier than DHEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLDFX	DHEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	0.42%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	1.28%	0.79%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	1.91%	1.19%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.79%	1.51%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.09%	2.29%	-0.20%