PCFIX vs. DHSIX

Last updated Aug 1, 2026

PCFIX (PIMCO RAE PLUS Small Fund) and DHSIX (Diamond Hill Small Cap Fund Class I) are both Small Cap Value Equities funds. Over the past 10 years, PCFIX returned 13.24%/yr vs 10.95%/yr for DHSIX. Their correlation of 0.90 means they have usually moved in the same direction. PCFIX charges 0.85%/yr vs 0.97%/yr for DHSIX.

Performance

PCFIX vs. DHSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE PLUS Small Fund (PCFIX) and Diamond Hill Small Cap Fund Class I (DHSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCFIX achieves a 19.54% return, which is significantly lower than DHSIX's 28.15% return. Over the past 10 years, PCFIX has outperformed DHSIX with an annualized return of 13.24%, while DHSIX has yielded a comparatively lower 10.95% annualized return.

PCFIX

• 1D: 0.38%
• 1M: -0.10%
• 6M: 15.72%
• YTD: 19.54%
• 1Y: 37.01%
• 3Y*: 18.29%
• 5Y*: 10.98%
• 10Y*: 13.24%
• ALL TIME*: 14.98%

DHSIX

• 1D: 0.47%
• 1M: -0.22%
• 6M: 20.16%
• YTD: 28.15%
• 1Y: 43.01%
• 3Y*: 19.62%
• 5Y*: 13.77%
• 10Y*: 10.95%
• ALL TIME*: 8.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DHSIX Diamond Hill Small Cap Fund Class I	$0.00	$0.00	$0.00
PCFIX PIMCO RAE PLUS Small Fund	$0.00	$0.00	$0.00

PCFIX vs. DHSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCFIX PIMCO RAE PLUS Small Fund	19.54%	6.78%	20.88%	18.04%	-12.46%	39.43%	9.77%	21.53%	-12.19%	12.90%
DHSIX Diamond Hill Small Cap Fund Class I	28.15%	11.83%	13.10%	24.25%	-14.85%	32.69%	-0.27%	21.83%	-15.00%	10.89%

Correlation

The correlation between PCFIX and DHSIX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Oct 3, 2011	0.90

The correlation between PCFIX and DHSIX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

PCFIX vs. DHSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PCFIX

PCFIX Risk / Return Rank: 84
PCFIX Sharpe Ratio Rank: 80
PCFIX Sortino Ratio Rank: 80
PCFIX Omega Ratio Rank: 75
PCFIX Calmar Ratio Rank: 93
PCFIX Martin Ratio Rank: 90

DHSIX

DHSIX Risk / Return Rank: 83
DHSIX Sharpe Ratio Rank: 80
DHSIX Sortino Ratio Rank: 81
DHSIX Omega Ratio Rank: 75
DHSIX Calmar Ratio Rank: 91
DHSIX Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PCFIX vs. DHSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE PLUS Small Fund (PCFIX) and Diamond Hill Small Cap Fund Class I (DHSIX). 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.

	PCFIX	DHSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.94	-0.02
Sortino ratio: Return per unit of downside risk	2.78	2.87	-0.09
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	3.82	3.52	+0.30
Martin ratio: Return relative to average drawdown	12.52	11.51	+1.02

PCFIX vs. DHSIX - Sharpe Ratio Comparison

The current PCFIX Sharpe Ratio is 1.92, which is comparable to the DHSIX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of PCFIX and DHSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PCFIX vs. DHSIX - Drawdown Comparison

The maximum PCFIX drawdown since its inception was -52.02%, roughly equal to the maximum DHSIX drawdown of -52.83%. Use the drawdown chart below to compare losses from any high point for PCFIX and DHSIX.

Drawdown Indicators

	PCFIX	DHSIX	Difference
Max Drawdown Largest peak-to-trough decline	-52.02%	-52.83%	+0.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-10.97%	+2.10%
Max Drawdown (3Y) Largest decline over 3 years	-28.08%	-28.33%	+0.25%
Max Drawdown (5Y) Largest decline over 5 years	-28.76%	-28.33%	-0.43%
Max Drawdown (10Y) Largest decline over 10 years	-52.02%	-45.96%	-6.06%
Current Drawdown Current decline from peak	-1.78%	-1.37%	-0.41%
Average Drawdown Average peak-to-trough decline	-7.78%	-8.32%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	3.37%	-0.65%

Volatility

PCFIX vs. DHSIX - Volatility Comparison

The current volatility for PIMCO RAE PLUS Small Fund (PCFIX) is 3.86%, while Diamond Hill Small Cap Fund Class I (DHSIX) has a volatility of 5.76%. This indicates that PCFIX experiences smaller price fluctuations and is considered to be less risky than DHSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCFIX	DHSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	5.76%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	12.54%	14.13%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	19.89%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.88%	21.48%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.82%	22.25%	+2.57%

PCFIX vs. DHSIX - Expense Ratio Comparison

PCFIX has a 0.85% expense ratio, which is lower than DHSIX's 0.97% expense ratio.

Dividends

PCFIX vs. DHSIX - Dividend Comparison

PCFIX's dividend yield for the trailing twelve months is around 4.02%, less than DHSIX's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHSIX Diamond Hill Small Cap Fund Class I	4.48%	5.74%	15.81%	30.09%	18.06%	17.39%	0.61%	7.13%	10.46%	6.90%	2.68%	1.95%
PCFIX PIMCO RAE PLUS Small Fund	4.02%	2.24%	6.12%	2.12%	13.29%	224.73%	18.00%	2.63%	12.78%	9.33%	0.00%	26.50%

Frequently Asked Questions

Can I hold both PCFIX and DHSIX in my portfolio?

PCFIX and DHSIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCFIX or DHSIX?

DHSIX has higher volatility (5.76%) compared to PCFIX (3.86%). In terms of maximum drawdown, PCFIX dropped -52.02% vs DHSIX's -52.83%.

Which has better risk-adjusted returns?

DHSIX currently has the higher Sharpe Ratio (1.94 vs 1.92), 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.