Diamond Hill Correlations
DHIYX Fund | USD 18.09 0.09 0.50% |
The current 90-days correlation between Diamond Hill Interna and Fisher Large Cap is -0.09 (i.e., Good diversification). The correlation of Diamond Hill is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Diamond Hill Correlation With Market
Weak diversification
The correlation between Diamond Hill International and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diamond Hill International and DJI in the same portfolio, assuming nothing else is changed.
Diamond |
Moving together with Diamond Mutual Fund
1.0 | DHIAX | Diamond Hill Interna | PairCorr |
1.0 | DHIIX | Diamond Hill Interna | PairCorr |
0.62 | DHLSX | Diamond Hill Long | PairCorr |
0.63 | DIAMX | Diamond Hill Long | PairCorr |
0.61 | DIAYX | Diamond Hill Long | PairCorr |
0.96 | VGTSX | Vanguard Total Inter | PairCorr |
0.96 | VTIAX | Vanguard Total Inter | PairCorr |
0.96 | VTSNX | Vanguard Total Inter | PairCorr |
0.96 | VTPSX | Vanguard Total Inter | PairCorr |
0.96 | VTISX | Vanguard Total Inter | PairCorr |
0.92 | VTMGX | Vanguard Developed | PairCorr |
0.97 | VDVIX | Vanguard Developed | PairCorr |
0.92 | VTMNX | Vanguard Developed | PairCorr |
0.97 | VDIPX | Vanguard Developed | PairCorr |
0.93 | FSPSX | Fidelity International | PairCorr |
Moving against Diamond Mutual Fund
0.57 | DHLRX | Diamond Hill Large | PairCorr |
0.56 | DHLAX | Diamond Hill Large | PairCorr |
0.56 | DHLYX | Diamond Hill Large | PairCorr |
0.55 | DHEIX | Diamond Hill Short | PairCorr |
0.55 | DHEAX | Diamond Hill Short | PairCorr |
0.52 | DHFAX | Diamond Hill Large | PairCorr |
0.52 | DHFYX | Diamond Hill Large | PairCorr |
0.52 | DHFIX | Diamond Hill Large | PairCorr |
0.5 | DHEYX | Diamond Hill Short | PairCorr |
0.5 | DHLTX | Diamond Hill All | PairCorr |
0.49 | DHMIX | Diamond Hill Small | PairCorr |
0.49 | DHMYX | Diamond Hill Small | PairCorr |
0.48 | DHMAX | Diamond Hill Small | PairCorr |
0.42 | DHPAX | Diamond Hill Mid | PairCorr |
0.42 | DHPYX | Diamond Hill Mid | PairCorr |
0.55 | DHSCX | Diamond Hill Small | PairCorr |
0.54 | DHSYX | Diamond Hill Small | PairCorr |
0.54 | DHSIX | Diamond Hill Small | PairCorr |
0.5 | DHTYX | Diamond Hill All | PairCorr |
0.48 | DHTAX | Diamond Hill Select | PairCorr |
0.76 | KMKCX | Kinetics Market Oppo | PairCorr |
0.76 | KMKAX | Kinetics Market Oppo | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Diamond Mutual Fund performing well and Diamond Hill Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Diamond Hill's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
ILESX | 0.55 | 0.20 | 0.13 | 5.45 | 0.39 | 1.34 | 4.75 | |||
DOXGX | 0.49 | 0.00 | (0.04) | 0.00 | 0.34 | 0.94 | 4.22 | |||
JDVNX | 0.54 | 0.12 | 0.03 | 1.51 | 0.29 | 1.19 | 5.12 | |||
PLAAX | 0.58 | 0.11 | 0.08 | 0.27 | 0.55 | 1.45 | 4.19 | |||
UPAAX | 1.18 | 0.12 | 0.14 | 0.19 | 1.07 | 2.67 | 7.75 | |||
TFCCX | 0.45 | 0.01 | (0.05) | 0.12 | 0.29 | 0.83 | 3.59 | |||
TRBCX | 0.65 | 0.14 | 0.11 | 0.31 | 0.60 | 1.66 | 4.86 |