Adirondack Small Cap Fund (ADKSX)
The fund seeks to achieve its objective by investing in a diversified portfolio of undervalued common stocks of small capitalization companies as determined by the fund's investment advisor. Small capitalization companies are defined by the investment advisor as issuers that, have a market capitalization that is within or below the range of companies in the Russell 2000 Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in common stocks of small capitalization companies. The fund may invest up to 15% of its total assets in sponsored ADRs issued by foreign companies.
Fund Info
| ISIN | US00688P1030 |
|---|---|
| CUSIP | 00688P103 |
| Issuer | Adirondack Funds |
| Inception Date | Apr 6, 2005 |
| Category | Small Cap Value Equities |
| Min. Investment | $3,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Value |
Expense Ratio
The Adirondack Small Cap Fund has a high expense ratio of 1.43%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: ADKSX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Adirondack Small 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.
Returns By Period
Adirondack Small Cap Fund had a return of -1.17% year-to-date (YTD) and 13.38% in the last 12 months. Over the past 10 years, Adirondack Small Cap Fund had an annualized return of 5.43%, while the S&P 500 had an annualized return of 10.22%, indicating that Adirondack Small Cap Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.17% | 4.14% |
| 1 month | -1.73% | -4.93% |
| 6 months | 12.75% | 17.59% |
| 1 year | 13.38% | 20.28% |
| 5 years (annualized) | 8.51% | 11.33% |
| 10 years (annualized) | 5.43% | 10.22% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.66% | 2.82% | 4.12% | |||||||||
| 2023 | -2.74% | -4.47% | 5.20% | 9.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Adirondack Small Cap Fund(ADKSX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Adirondack Small Cap Fund (ADKSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Adirondack Small Cap Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.05 | $2.33 | $2.26 | $0.71 | $0.66 | $1.48 | $0.95 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.28% | 15.62% | 10.09% | 3.18% | 3.45% | 6.97% | 4.23% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.33 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.26 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 |
| 2013 | $0.95 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 4.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -61.46% | Jul 20, 2007 | 412 | Mar 9, 2009 | 270 | Apr 5, 2010 | 682 |
| -54.81% | Sep 4, 2018 | 390 | Mar 23, 2020 | 222 | Feb 8, 2021 | 612 |
| -25.84% | May 2, 2011 | 108 | Oct 3, 2011 | 313 | Jan 2, 2013 | 421 |
| -22.81% | Nov 8, 2021 | 222 | Sep 26, 2022 | 81 | Jan 23, 2023 | 303 |
| -21.65% | Apr 16, 2015 | 209 | Feb 11, 2016 | 190 | Nov 11, 2016 | 399 |
Volatility
Volatility Chart
The current Adirondack Small Cap Fund volatility is 4.73%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.