Diamond Hill Correlations
| DHLYX Fund | USD 32.49 0.18 0.55% |
The current 90-days correlation between Diamond Hill Large and Diamond Hill Large is 1.0 (i.e., No risk reduction). 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
Poor diversification
The correlation between Diamond Hill Large and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diamond Hill Large and DJI in the same portfolio, assuming nothing else is changed.
Diamond |
Moving together with Diamond Mutual Fund
| 0.75 | DHFIX | Diamond Hill Large | PairCorr |
| 1.0 | DHLAX | Diamond Hill Large | PairCorr |
| 0.67 | DHLTX | Diamond Hill All | PairCorr |
| 0.85 | DHLSX | Diamond Hill Long | PairCorr |
| 1.0 | DHLRX | Diamond Hill Large | PairCorr |
| 0.83 | DHPAX | Diamond Hill Mid | PairCorr |
| 0.84 | DHPYX | Diamond Hill Mid | PairCorr |
| 0.67 | DHTAX | Diamond Hill Select | PairCorr |
| 0.85 | DIAMX | Diamond Hill Long | PairCorr |
| 0.95 | VVIAX | Vanguard Value Index | PairCorr |
| 0.91 | DOXGX | Dodge Cox Stock | PairCorr |
| 0.86 | AFMFX | American Mutual | PairCorr |
| 0.86 | FFMMX | American Funds American | PairCorr |
| 0.86 | FFFMX | American Funds American | PairCorr |
| 0.86 | AMRMX | American Mutual | PairCorr |
| 0.86 | AMFFX | American Mutual | PairCorr |
| 0.86 | AMFCX | American Mutual | PairCorr |
| 0.88 | DODGX | Dodge Stock Fund | PairCorr |
| 0.95 | VIVAX | Vanguard Value Index | PairCorr |
| 0.78 | RXRPX | American Funds Retirement | PairCorr |
| 0.8 | RNCIX | Rivernorth E Opportunity | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DHLRX | 0.67 | 0.01 | 0.00 | (0.06) | 0.00 | 1.25 | 3.88 | |||
| DHLAX | 0.67 | 0.00 | 0.00 | (0.06) | 0.00 | 1.26 | 3.89 | |||
| LGRRX | 1.24 | (0.18) | 0.00 | (0.24) | 0.00 | 1.79 | 10.41 | |||
| LGRNX | 1.22 | (0.17) | 0.00 | (0.23) | 0.00 | 1.80 | 9.83 | |||
| LGRCX | 1.26 | (0.20) | 0.00 | (0.26) | 0.00 | 1.82 | 11.61 |