ILCG vs. DHEAX
ILCG (iShares Morningstar Growth ETF) and DHEAX (Diamond Hill Short Duration Securitized Bond Fund) are both funds - ILCG is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Broad Growth Index Gross, while DHEAX is a Short-Term Bond fund managed by Diamond Hill. Over the past 5 years, ILCG returned 13.61%/yr vs 4.24%/yr for DHEAX. At a 0.01 correlation, their price movements are largely independent. ILCG charges 0.04%/yr vs 0.83%/yr for DHEAX.
Performance
ILCG vs. DHEAX - Performance Comparison
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Returns By Period
In the year-to-date period, ILCG achieves a 9.97% return, which is significantly higher than DHEAX's 1.75% return.
ILCG
- 1D
- 0.32%
- 1M
- -1.30%
- YTD
- 9.97%
- 6M
- 11.01%
- 1Y
- 22.69%
- 3Y*
- 24.07%
- 5Y*
- 13.61%
- 10Y*
- 17.85%
DHEAX
- 1D
- 0.10%
- 1M
- 0.43%
- YTD
- 1.75%
- 6M
- 1.83%
- 1Y
- 4.80%
- 3Y*
- 7.45%
- 5Y*
- 4.24%
- 10Y*
- —
ILCG vs. DHEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILCG iShares Morningstar Growth ETF | 9.97% | 16.71% | 32.82% | 40.41% | -31.75% | 24.33% | 38.56% | 33.22% | 2.06% | 30.57% |
DHEAX Diamond Hill Short Duration Securitized Bond Fund | 1.75% | 5.70% | 9.15% | 8.38% | -3.57% | 2.42% | 2.87% | 4.44% | 2.88% | 3.97% |
Correlation
The correlation between ILCG and DHEAX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.01 |
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Return for Risk
ILCG vs. DHEAX — Risk / Return Rank
ILCG
DHEAX
ILCG vs. DHEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Growth ETF (ILCG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ILCG | DHEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -5.75 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 2.48 | -1.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 9.84 | -8.38 |
| Martin ratioReturn relative to average drawdown | 5.04 | 43.14 | -38.10 |
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Drawdowns
ILCG vs. DHEAX - Drawdown Comparison
The maximum ILCG drawdown since its inception was -52.98%, which is greater than DHEAX's maximum drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for ILCG and DHEAX.
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Drawdown Indicators
| ILCG | DHEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.98% | -12.34% | -40.64% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -0.50% | -15.15% |
Max Drawdown (3Y)Largest decline over 3 years | -23.10% | -0.50% | -22.60% |
Max Drawdown (5Y)Largest decline over 5 years | -35.38% | -5.06% | -30.32% |
Max Drawdown (10Y)Largest decline over 10 years | -35.38% | — | — |
Current DrawdownCurrent decline from peak | -4.92% | 0.00% | -4.92% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -0.80% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 0.11% | +4.40% |
Volatility
ILCG vs. DHEAX - Volatility Comparison
iShares Morningstar Growth ETF (ILCG) has a higher volatility of 6.77% compared to Diamond Hill Short Duration Securitized Bond Fund (DHEAX) at 0.18%. This indicates that ILCG'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.
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Volatility by Period
| ILCG | DHEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 0.18% | +6.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 0.73% | +13.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 1.10% | +16.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 1.52% | +20.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 2.26% | +19.33% |
ILCG vs. DHEAX - Expense Ratio Comparison
ILCG has a 0.04% expense ratio, which is lower than DHEAX's 0.83% expense ratio.
Dividends
ILCG vs. DHEAX - Dividend Comparison
ILCG's dividend yield for the trailing twelve months is around 0.42%, less than DHEAX's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHEAX Diamond Hill Short Duration Securitized Bond Fund | 5.63% | 5.27% | 5.94% | 5.25% | 3.41% | 2.31% | 2.92% | 3.76% | 3.45% | 3.20% | 0.00% | 0.00% |
ILCG iShares Morningstar Growth ETF | 0.42% | 0.47% | 0.50% | 0.69% | 0.75% | 0.34% | 0.28% | 0.54% | 0.81% | 0.89% | 0.95% | 0.99% |
Frequently Asked Questions
ILCG and DHEAX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ILCG has higher volatility (6.77%) compared to DHEAX (0.18%). In terms of maximum drawdown, ILCG dropped -52.98% vs DHEAX's -12.34%.
DHEAX currently has the higher Sharpe Ratio (4.47 vs 1.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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