- Issuer
- Advisors Capital
- Inception Date
- Mar 18, 2021
- Category
- Small Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ACSMX Performance Chart
Advisors Capital Small/Mid Cap Fund (ACSMX) is down 2.7% since the beginning of the year. ACSMX is currently trading at $11 per share. Investors who bought $1,000 worth of ACSMX shares 5 years ago would now be looking at an investment worth $1,061.
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Returns By Period
Advisors Capital Small/Mid Cap Fund (ACSMX) has returned -2.74% so far this year and 2.42% over the past 12 months.
Advisors Capital Small/Mid Cap Fund
- 1D
- 1.57%
- 1M
- 3.58%
- YTD
- -2.74%
- 6M
- -5.09%
- 1Y
- 2.42%
- 3Y*
- 8.80%
- 5Y*
- 1.19%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ACSMX Monthly Returns History
Based on dividend-adjusted daily data since Mar 22, 2021, ACSMX's average daily return is +0.02%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 47% of months were positive and 53% were negative. The best month was Jan 2023 with a return of +11.4%, while the worst month was Apr 2022 at -10.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ACSMX closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +8.9%, while the worst single day was Apr 3, 2025 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.35% | -1.86% | -6.33% | 6.27% | -2.63% | 2.61% | -2.74% | ||||||
| 2025 | 6.03% | -4.46% | -5.68% | -2.43% | 3.48% | 7.31% | 1.52% | 3.27% | -1.54% | -3.56% | 2.43% | -0.62% | 4.92% |
| 2024 | -1.39% | 2.71% | 2.64% | -5.56% | 3.27% | -0.95% | 10.22% | -0.58% | 3.01% | 0.94% | 9.25% | -7.78% | 15.29% |
| 2023 | 11.39% | 0.00% | -2.23% | -1.08% | -4.13% | 9.51% | 6.02% | -2.84% | -3.82% | -7.59% | 8.09% | 9.36% | 22.38% |
| 2022 | -9.53% | -3.93% | -0.86% | -10.63% | 0.36% | -6.53% | 9.57% | -4.01% | -8.98% | 7.03% | 2.15% | -5.56% | -28.60% |
| 2021 | -1.00% | 6.36% | -1.33% | 0.67% | 2.96% | 0.09% | -2.87% | 5.92% | -5.59% | 2.10% | 6.89% |
Benchmark Metrics
Advisors Capital Small/Mid Cap Fund has an annualized alpha of -9.79%, beta of 1.02, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since March 22, 2021.
- This fund participated in 116.81% of S&P 500 Index downside but only 71.88% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -9.79% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.02 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -9.79%
- Beta
- 1.02
- R²
- 0.68
- Upside Capture
- 71.88%
- Downside Capture
- 116.81%
Expense Ratio
ACSMX has a high expense ratio of 1.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ACSMX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Advisors Capital Small/Mid Cap Fund (ACSMX) and compare them to S&P 500 Index.
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.
| ACSMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.78 | -2.61 |
| Martin ratioReturn relative to average drawdown | 0.40 | 12.44 | -12.04 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Advisors Capital Small/Mid Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Advisors Capital Small/Mid Cap Fund was 35.01%, occurring on Jun 16, 2022. Recovery took 603 trading sessions.
The current Advisors Capital Small/Mid Cap Fund drawdown is 8.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -35.01%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -21.82%Apr 2025 | 4mo 13d | 5mo | 9mo 13dNov 2024 - Sep 2025 |
2026 correction2026 | -16.04%Mar 2026 | 6mo 16d | — | 9mo 14dSep 2025 - now |
2021 pullback2021 | -6.79%May 2021 | 12d | 1mo 13d | 1mo 25dApr 2021 - Jun 2021 |
2021 pullback2021 | -5.89%Oct 2021 | 27d | 25d | 1mo 22dSep 2021 - Oct 2021 |
Drawdown Indicators
| ACSMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.01% | -56.78% | +21.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.04% | -9.10% | -6.94% |
Max Drawdown (3Y)Largest decline over 3 years | -21.82% | -18.90% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -35.01% | -25.43% | -9.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.10% | -1.80% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -10.71% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.04% | 2.03% | +5.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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