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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Advisors Capital Small/Mid Cap Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Advisors Capital Small/Mid Cap Fund (ACSMX) has returned -11.14% so far this year and -2.43% over the past 12 months.
Advisors Capital Small/Mid Cap Fund
- 1D
- 0.00%
- 1M
- -9.13%
- YTD
- -11.14%
- 6M
- -12.76%
- 1Y
- -2.43%
- 3Y*
- 6.50%
- 5Y*
- 0.28%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Mar 22, 2021, ACSMX's average daily return is +8.08%, while the average monthly return is +0.15%. At this rate, your investment would double in approximately 38.5 years.
Historically, 48% of months were positive and 52% 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 48% of trading days. The best single day was Jan 29, 2025 with a return of +4,987.9%, while the worst single day was Jan 30, 2025 at -98.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.35% | -1.86% | -9.13% | -11.14% | |||||||||
| 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 42180105421.58%, beta of -2.52, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 23, 2021.
- This fund participated in 119.10% of S&P 500 Index downside but only 79.36% of its upside — more exposed to losses than it benefited from rallies.
- Beta of -2.52 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 42,180,105,421.58%
- Beta
- -2.52
- R²
- 0.00
- Upside Capture
- 79.36%
- Downside Capture
- 119.10%
Expense Ratio
ACSMX has a high expense ratio of 1.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ACSMX ranks 3 for risk / return — in the bottom 3% 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 a chosen benchmark (S&P 500 Index).
| ACSMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.11 | 0.90 | -1.00 |
Sortino ratioReturn per unit of downside risk | -0.01 | 1.39 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.21 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.40 | -1.67 |
Martin ratioReturn relative to average drawdown | -0.75 | 6.61 | -7.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore ACSMX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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 98.41%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Advisors Capital Small/Mid Cap Fund drawdown is 98.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -98.41% | Jan 30, 2025 | 48 | Apr 8, 2025 | — | — | — |
| -96.63% | Jan 23, 2025 | 1 | Jan 23, 2025 | 4 | Jan 29, 2025 | 5 |
| -35.01% | Nov 9, 2021 | 152 | Jun 16, 2022 | 603 | Nov 6, 2024 | 755 |
| -10.02% | Nov 26, 2024 | 31 | Jan 13, 2025 | 6 | Jan 22, 2025 | 37 |
| -6.79% | Apr 30, 2021 | 9 | May 12, 2021 | 30 | Jun 24, 2021 | 39 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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