KCLIX vs. DHEIX
KCLIX (Knights of Columbus Limited Duration Fund) and DHEIX (Diamond Hill Short Duration Securitized Bond Fund Class I) are both Short-Term Bond funds. Over the past 5 years, KCLIX returned 2.18%/yr vs 4.56%/yr for DHEIX. A 0.59 correlation means they provide meaningful diversification when combined. KCLIX charges 0.71%/yr vs 0.53%/yr for DHEIX.
Performance
KCLIX vs. DHEIX - Performance Comparison
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Returns By Period
In the year-to-date period, KCLIX achieves a 0.91% return, which is significantly lower than DHEIX's 1.88% return.
KCLIX
- 1D
- 0.10%
- 1M
- 0.31%
- YTD
- 0.91%
- 6M
- 1.00%
- 1Y
- 3.65%
- 3Y*
- 4.64%
- 5Y*
- 2.18%
- 10Y*
- 2.12%
DHEIX
- 1D
- 0.10%
- 1M
- 0.36%
- YTD
- 1.88%
- 6M
- 2.09%
- 1Y
- 4.98%
- 3Y*
- 7.78%
- 5Y*
- 4.56%
- 10Y*
- —
KCLIX vs. DHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KCLIX Knights of Columbus Limited Duration Fund | 0.91% | 5.25% | 4.44% | 4.86% | -3.81% | -0.33% | 3.17% | 4.39% | 1.13% | 1.37% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 1.88% | 6.06% | 9.33% | 8.91% | -3.38% | 2.74% | 3.09% | 4.85% | 3.18% | 4.23% |
Correlation
The correlation between KCLIX and DHEIX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.59 |
The correlation between KCLIX and DHEIX shifts across timeframes, from 0.50 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KCLIX vs. DHEIX — Risk / Return Rank
KCLIX
DHEIX
KCLIX vs. DHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Knights of Columbus Limited Duration Fund (KCLIX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). 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.
| KCLIX | DHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 2.61 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 10.22 | -5.73 |
| Martin ratioReturn relative to average drawdown | 20.31 | 45.25 | -24.93 |
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Drawdowns
KCLIX vs. DHEIX - Drawdown Comparison
The maximum KCLIX drawdown since its inception was -5.82%, smaller than the maximum DHEIX drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for KCLIX and DHEIX.
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Drawdown Indicators
| KCLIX | DHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.82% | -12.33% | +6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.81% | -0.50% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -0.81% | -0.50% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -5.62% | -4.87% | -0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -5.82% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.10% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.76% | -0.75% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.11% | +0.07% |
Volatility
KCLIX vs. DHEIX - Volatility Comparison
Knights of Columbus Limited Duration Fund (KCLIX) has a higher volatility of 0.49% compared to Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) at 0.41%. This indicates that KCLIX's price experiences larger fluctuations and is considered to be riskier than DHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCLIX | DHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.41% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 0.76% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 1.07% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.84% | 1.54% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.68% | 2.26% | -0.58% |
KCLIX vs. DHEIX - Expense Ratio Comparison
KCLIX has a 0.71% expense ratio, which is higher than DHEIX's 0.53% expense ratio.
Dividends
KCLIX vs. DHEIX - Dividend Comparison
KCLIX's dividend yield for the trailing twelve months is around 4.11%, less than DHEIX's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 5.91% | 5.51% | 6.21% | 5.52% | 3.72% | 2.62% | 3.22% | 4.05% | 3.74% | 3.45% | 0.00% |
KCLIX Knights of Columbus Limited Duration Fund | 4.11% | 4.10% | 4.15% | 2.84% | 1.38% | 1.08% | 1.80% | 2.47% | 2.25% | 1.78% | 1.21% |
Frequently Asked Questions
KCLIX and DHEIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KCLIX has higher volatility (0.49%) compared to DHEIX (0.41%). In terms of maximum drawdown, KCLIX dropped -5.82% vs DHEIX's -12.33%.
DHEIX currently has the higher Sharpe Ratio (4.76 vs 2.82), 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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