- ISIN
- US00688P1030
- CUSIP
- 00688P103
- Issuer
- Adirondack Funds
- Inception Date
- Apr 6, 2005
- Category
- Small Cap Value Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
ADKSX Performance Chart
Adirondack Small Cap Fund (ADKSX) is up 13.5% since the beginning of the year. ADKSX is currently trading at $37 per share. Investors who bought $1,000 worth of ADKSX shares 5 years ago would now be looking at an investment worth $1,747.
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Returns By Period
Adirondack Small Cap Fund (ADKSX) has returned 13.47% so far this year and 37.24% over the past 12 months. Over the last ten years, ADKSX has returned 10.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Adirondack Small Cap Fund
- 1D
- -0.45%
- 1M
- 1.63%
- YTD
- 13.47%
- 6M
- 14.61%
- 1Y
- 37.24%
- 3Y*
- 20.59%
- 5Y*
- 11.80%
- 10Y*
- 10.58%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
ADKSX Monthly Returns History
Based on dividend-adjusted daily data since Apr 8, 2005, ADKSX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +21.8%, while the worst month was Mar 2020 at -26.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ADKSX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.27% | 1.81% | -5.08% | 9.67% | 2.17% | -0.45% | 13.47% | ||||||
| 2025 | 0.88% | -2.97% | -4.06% | -4.67% | 3.95% | 5.29% | 1.97% | 7.74% | 1.11% | -0.23% | 3.00% | 0.66% | 12.58% |
| 2024 | -3.66% | 2.82% | 4.12% | -3.18% | 6.12% | -3.95% | 9.79% | -1.39% | 1.16% | -2.20% | 13.85% | -3.68% | 19.55% |
| 2023 | 10.21% | -1.32% | -5.54% | -2.27% | -2.89% | 6.73% | 6.77% | -1.62% | -2.74% | -4.47% | 5.20% | 9.15% | 16.59% |
| 2022 | -2.82% | 0.94% | 2.52% | -3.80% | 0.45% | -10.50% | 8.28% | -1.66% | -11.34% | 13.79% | 7.25% | -1.60% | -1.39% |
| 2021 | 3.72% | 5.86% | 6.43% | 2.95% | 4.73% | -1.00% | -2.11% | 2.51% | -2.54% | 4.31% | -5.55% | 4.92% | 26.11% |
Benchmark Metrics
Adirondack Small Cap Fund has an annualized alpha of 1.37%, beta of 0.96, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since April 11, 2005.
- This fund captured 108.58% of S&P 500 Index gains and 106.28% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 0.96 and R2 of 0.73, 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
- 1.37%
- Beta
- 0.96
- R²
- 0.73
- Upside Capture
- 108.58%
- Downside Capture
- 106.28%
Expense Ratio
ADKSX has a high expense ratio of 1.43%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ADKSX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Adirondack Small Cap Fund (ADKSX) and compare them to S&P 500 Index.
| ADKSX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.44 | 2.39 | +0.06 |
Sortino ratioReturn per unit of downside risk | 3.46 | 3.25 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.04 | 3.11 | +0.92 |
Martin ratioReturn relative to average drawdown | 14.78 | 14.38 | +0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Adirondack Small Cap Fund provided a 7.22% dividend yield over the last twelve months, with an annual payout of $2.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.71 | $2.71 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.05 | $2.33 | $2.26 | $0.71 | $0.66 |
Dividend yield | 7.22% | 8.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.28% | 15.62% | 10.09% | 3.18% | 3.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Adirondack Small Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.71 | $2.71 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 Adirondack Small 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 Adirondack Small Cap Fund was 61.46%, occurring on Mar 9, 2009. Recovery took 270 trading sessions.
The current Adirondack Small Cap Fund drawdown is 1.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.46%Mar 2009 | 1y 7mo | 1y 27d | 2y 8moJul 2007 - Apr 2010 |
COVID crash2020 | -54.81%Mar 2020 | 1y 6mo | 10mo 22d | 2y 5moSep 2018 - Feb 2021 |
2011 bear market2011 | -25.84%Oct 2011 | 5mo 4d | 1y 3mo | 1y 8moMay 2011 - Jan 2013 |
Bear market2022 | -22.81%Sep 2022 | 10mo 22d | 3mo 29d | 1y 2moNov 2021 - Jan 2023 |
2025 selloff2025 | -22.08%Apr 2025 | 3mo 27d | 4mo 16d | 8mo 13dDec 2024 - Aug 2025 |
Drawdown Indicators
| ADKSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.46% | -56.78% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -9.10% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.08% | -18.90% | -3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.81% | -25.43% | +2.62% |
Max Drawdown (10Y)Largest decline over 10 years | -54.81% | -33.92% | -20.89% |
Current DrawdownCurrent decline from peak | -1.58% | 0.00% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -10.72% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.97% | +0.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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