- ISIN
- US12628J8817
- CUSIP
- 12628J881
- Issuer
- CRM
- Inception Date
- Aug 15, 2016
- Category
- Long-Short
- Min. Investment
- $10,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
CRIHX Performance Chart
CRM Long/Short Opportunities Fund (CRIHX) is up 13.9% since the beginning of the year. CRIHX is currently trading at $14 per share. Investors who bought $1,000 worth of CRIHX shares 5 years ago would now be looking at an investment worth $1,421.
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Returns By Period
CRM Long/Short Opportunities Fund (CRIHX) has returned 13.87% so far this year and 22.35% over the past 12 months.
CRM Long/Short Opportunities Fund
- 1D
- 2.26%
- 1M
- 4.56%
- YTD
- 13.87%
- 6M
- 12.80%
- 1Y
- 22.35%
- 3Y*
- 10.24%
- 5Y*
- 7.28%
- 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%
CRIHX Monthly Returns History
Based on dividend-adjusted daily data since Aug 22, 2016, CRIHX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Feb 2024 with a return of +8.1%, while the worst month was Oct 2018 at -6.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CRIHX closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +3.8%, while the worst single day was Mar 18, 2020 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.86% | 1.06% | -5.11% | 5.22% | 3.91% | 4.56% | 13.87% | ||||||
| 2025 | -0.39% | -4.60% | -4.98% | -1.46% | 2.70% | 2.12% | 0.00% | 3.16% | -0.32% | 0.32% | 1.61% | 0.63% | -1.55% |
| 2024 | 0.51% | 8.08% | 2.26% | -4.04% | 4.68% | -1.29% | 1.69% | 1.66% | 1.86% | -0.51% | 4.69% | -2.56% | 17.72% |
| 2023 | 0.79% | -0.09% | 0.78% | 1.99% | -0.34% | 2.89% | 0.41% | -0.25% | -3.38% | -1.37% | 2.34% | 2.29% | 6.06% |
| 2022 | -3.88% | 1.12% | -1.19% | -0.77% | 1.04% | -4.29% | 1.26% | 0.71% | -3.17% | 5.54% | 1.38% | -1.64% | -4.24% |
| 2021 | -4.08% | 4.53% | 1.56% | 2.65% | 0.67% | -4.05% | -0.09% | -0.60% | -0.69% | 4.89% | -1.50% | 2.96% | 5.91% |
Benchmark Metrics
CRM Long/Short Opportunities Fund has an annualized alpha of 0.66%, beta of 0.43, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since August 22, 2016.
- This fund participated in 52.48% of S&P 500 Index downside but only 42.55% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.43 may look defensive, but with R2 of 0.49 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 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.66%
- Beta
- 0.43
- R²
- 0.49
- Upside Capture
- 42.55%
- Downside Capture
- 52.48%
Expense Ratio
CRIHX has a high expense ratio of 1.60%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CRIHX ranks 39 for risk / return — below 39% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for CRM Long/Short Opportunities Fund (CRIHX) 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.
| CRIHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.78 | -0.31 |
| Martin ratioReturn relative to average drawdown | 7.57 | 12.44 | -4.86 |
Dividends
Dividend History
CRM Long/Short Opportunities Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $1.05 | $0.27 | $0.18 | $0.09 | $1.02 | $0.00 | $0.16 | $0.02 |
Dividend yield | 0.00% | 0.00% | 8.11% | 2.32% | 1.55% | 0.75% | 8.83% | 0.03% | 1.75% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for CRM Long/Short Opportunities 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 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.05 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
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 CRM Long/Short Opportunities 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 CRM Long/Short Opportunities Fund was 21.33%, occurring on Mar 18, 2020. Recovery took 53 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.33%Mar 2020 | 1y 7mo | 2mo 17d | 1y 10moJul 2018 - Jun 2020 |
2025 selloff2025 | -15.87%Apr 2025 | 3mo 22d | 9mo 12d | 1y 29dDec 2024 - Jan 2026 |
Bear market2022 | -10.95%Jul 2022 | 8mo 6d | 1y 3d | 1y 8moNov 2021 - Jul 2023 |
2021 pullback2021 | -9.83%Jan 2021 | 14d | 1mo 14d | 1mo 28dJan 2021 - Mar 2021 |
2021 pullback2021 | -9.74%Jul 2021 | 2mo 10d | 3mo 19d | 5mo 29dMay 2021 - Nov 2021 |
Drawdown Indicators
| CRIHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.33% | -56.78% | +35.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | -9.10% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.87% | -18.90% | +3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -25.43% | +9.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -10.71% | +6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.03% | +0.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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