FLSPX vs. DIAMX
Compare and contrast key facts about Meeder Spectrum Fund (FLSPX) and Diamond Hill Long-Short Fund (DIAMX).
FLSPX is managed by Meeder Funds. It was launched on Jan 1, 2015. DIAMX is managed by Diamond Hill. It was launched on Jun 29, 2000.
Performance
FLSPX vs. DIAMX - Performance Comparison
Loading graphics...
FLSPX vs. DIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLSPX Meeder Spectrum Fund | -3.90% | 16.15% | 27.96% | 14.00% | -11.49% | 20.56% | -0.23% | 13.03% | -3.96% | 19.30% |
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% |
Returns By Period
In the year-to-date period, FLSPX achieves a -3.90% return, which is significantly higher than DIAMX's -6.15% return. Over the past 10 years, FLSPX has outperformed DIAMX with an annualized return of 9.18%, while DIAMX has yielded a comparatively lower 6.91% annualized return.
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%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLSPX vs. DIAMX - Expense Ratio Comparison
FLSPX has a 1.52% expense ratio, which is higher than DIAMX's 1.36% expense ratio.
Return for Risk
FLSPX vs. DIAMX — Risk / Return Rank
FLSPX
DIAMX
FLSPX vs. DIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meeder Spectrum Fund (FLSPX) and Diamond Hill Long-Short Fund (DIAMX). 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.
| FLSPX | DIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.92 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.38 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.11 | +0.49 |
Martin ratioReturn relative to average drawdown | 6.54 | 4.12 | +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. | |||
Loading graphics...
Sharpe Ratios by Period
| FLSPX | DIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.92 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.62 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.54 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.47 | +0.16 |
Correlation
The correlation between FLSPX and DIAMX 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
FLSPX vs. DIAMX - Dividend Comparison
FLSPX's dividend yield for the trailing twelve months is around 4.71%, more than DIAMX's 1.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
FLSPX vs. DIAMX - Drawdown Comparison
The maximum FLSPX drawdown since its inception was -27.07%, smaller than the maximum DIAMX drawdown of -40.92%. Use the drawdown chart below to compare losses from any high point for FLSPX and DIAMX.
Loading graphics...
Drawdown Indicators
| FLSPX | DIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.07% | -40.92% | +13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -7.02% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -16.96% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -27.07% | -31.57% | +4.50% |
Current DrawdownCurrent decline from peak | -8.73% | -6.79% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -6.86% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.89% | +0.42% |
Volatility
FLSPX vs. DIAMX - Volatility Comparison
Meeder Spectrum Fund (FLSPX) has a higher volatility of 4.71% compared to Diamond Hill Long-Short Fund (DIAMX) at 2.22%. This indicates that FLSPX's price experiences larger fluctuations and is considered to be riskier than DIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FLSPX | DIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 2.22% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 4.86% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.99% | 10.20% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 10.54% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.59% | 12.94% | +0.65% |