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Launched

Diamond Hill Large Cap Concentrated ETF

DHLXNYSE ArcaC

$13.79+0.07 (+0.51%)

As of Oct 13, 2026, 3:59 PM

C40/ 100

Rank 43 of 66 in US Active Value

C40/100Rank 43 of 66inUS Active Value
Intraday session: up, 26 prints from 13.72 to 13.79. Range 13.75 to 13.81. Use the arrow keys to read each point.13.7413.7613.8210 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$68M
1Y total return
+8.3%
Yield · Last 12 months
Data unavailable
Holdings
23
Avg volume · 30D
0M sh
NAV per share
$13.62
52W range
low $12.54high $14.04
Launched

The ETF.net DHLX Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
US Active Value⁠
Rank
43 of 66
Six-pillar profile for DHLX. Scores out of 100: Cost 47, Risk 37, Mission not scored, Tradability 34, Holdings 30, Durability 48. Strongest: Durability (48). Weakest: Holdings (30). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C47 out of 100
    Rank 33 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 45 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D34 out of 100
    Rank 53 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D30 out of 100
    Rank 57 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 40 of 66

Our read on DHLX

ETF.net Research

CTwenty-ish US large caps, picked one at a time. Diamond Hill's ETF runs a concentrated value book measured against the Russell 1000 Value Index, which means it deliberately looks nothing like that index.

Stated mandate

The ETF seeks long-term capital appreciation. Under normal conditions, it invests at least 80% of net assets in U.S. equity securities of large-cap companies the adviser believes are undervalued, in a concentrated portfolio of approximately 20–30 securities.

Why people hold it

  1. 01A genuinely concentrated book: roughly 20 to 30 US large caps the adviser judges undervalued, with at least 80% of assets in that mandate. No closet indexing here.diamond-hill.com
  2. 02Runs Diamond Hill's house intrinsic-value process: model years of a business's future cash flows, estimate what it is worth, then buy at a discount to that number.jpmorgan.comsec.gov
  3. 03At 0.55% a year it undercuts several active rivals benchmarked to the same index (BUSA, OAKM, PZLV) and sits at the median for its active value cohort.
  4. 04Pays distributions quarterly, and the mandate is US equity only, so there is no currency layer or foreign withholding in the mix.

Worth knowing

  1. 01Systematic value peers cost a fraction of this: AVLV 0.15%, DFLV 0.21%, WTV 0.12%. The stock picking has to carry that fee gap.
  2. 02Concentration cuts both ways. In a non-diversified book of 20 to 30 names, one company's stumble lands with real weight.diamond-hill.com
  3. 03Launched in September 2025, so the ETF's own record is short, the asset base is small and trading is moderate rather than deep.

DHLX Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
23
Top-10 weight
59%
Largest holding
MSFT8.7%

Geography

  • United States91.50%
  • Taiwan (Province of China)4.69%
  • Ireland3.81%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSFTMicrosoft Corp8.65%11,065$6M815
002COPConocophillips7.33%37,388$5M433
003BRK.BBerkshire Hath-B6.89%9,146$5M365
004AMZNAmazon.com Inc6.66%17,374$5M736
005METAMeta Platforms-A5.66%5,393$4M704
006TMOThermo Fisher5.64%5,867$4M375
007LHLabcorp Holdings4.71%10,327$3M275
008TSMTaiwan Semic-Adr4.69%7,075$3M277
009GOOGLAlphabet Inc-A4.55%8,863$3M709
010UNPUnion Pac Corp4.49%11,039$3M406
011JPMJPMorgan Chase4.46%9,160$3M481
012VVisa Inc-Class A4.36%7,741$3M558
013WMWaste Management4.32%14,143$3M321
014SYYSysco Corp3.98%34,818$3M327
015AONAon Plc-Class A3.81%9,539$3M288

Showing 1–15 of 23 holdings

DHLX Performance

Launched Feb 26, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
DHLX$10,830
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. DHLX $10,830. SPY $12,044. Use the arrow keys to read each point.$9,547$10,896$12,245Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DHLX. Periods over one year show the average yearly return.
PeriodDHLX
Year to date+4.4%
1 month+1.2%
3 months+3.4%
1 year+8.3%
3 yearsHistory unavailableper year—
5 yearsHistory unavailableper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DHLX
YearReturn barDHLX
2026 YTD+4.4%
2025+1.2%

History from Sep 29, 2025

DHLX in the news

Filtered to DHLX · US Active Value

DHLX Dividends

Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.02; Mar 30, 2026 $0.03; Jun 29, 2026 $0.03; Sep 29, 2026 $0.04. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Oct 2, 2026$0.04
Jun 29, 2026Jul 2, 2026$0.03
Mar 30, 2026Apr 2, 2026$0.03
Dec 30, 2025Jan 5, 2026$0.02

DHLX Risk

How much the fund’s monthly returns vary, scaled to a year.
12.3%
Annualised · 12 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.01
vs 3-month T-bills · 12 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.4%
12 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.68
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DHLX Cost

Expense ratio0.55%
  • The middle half of US Active Value funds
  • Median 0.55%

32 of the 66 US Active Value funds charge less.

DHLX costs $55.00 a year on $10,000. The median US Active Value fund costs $55.00.

Other funds in US Active Value

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