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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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.86%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%
20240.51%8.08%2.26%-4.04%4.68%-1.29%1.69%1.66%1.86%-0.51%4.69%-2.56%17.72%
20230.79%-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
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.


CRIHX Risk / Return Rank: 3939
Overall Rank
CRIHX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
CRIHX Sortino Ratio Rank: 4141
Sortino Ratio Rank
CRIHX Omega Ratio Rank: 3535
Omega Ratio Rank
CRIHX Calmar Ratio Rank: 4646
Calmar Ratio Rank
CRIHX Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


CRIHXBenchmarkDifference
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.


0.00%2.00%4.00%6.00%8.00%$0.00$0.20$0.40$0.60$0.80$1.00201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM202520242023202220212020201920182017
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 7mo2mo 17d
1y 10moJul 2018 - Jun 2020
2025 selloff2025
-15.87%Apr 2025
3mo 22d9mo 12d
1y 29dDec 2024 - Jan 2026
Bear market2022
-10.95%Jul 2022
8mo 6d1y 3d
1y 8moNov 2021 - Jul 2023
2021 pullback2021
-9.83%Jan 2021
14d1mo 14d
1mo 28dJan 2021 - Mar 2021
2021 pullback2021
-9.74%Jul 2021
2mo 10d3mo 19d
5mo 29dMay 2021 - Nov 2021

Drawdown Indicators


CRIHXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

0.00%

-1.80%

+1.80%

Average Drawdown

Average peak-to-trough decline

-4.11%

-10.71%

+6.60%

Ulcer Index

Depth 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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Portfolio Analyzer

Build a portfolio with CRIHX

Add CRM Long/Short Opportunities Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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