- ISIN
- US92934R1243
- CUSIP
- 92934R124
- Issuer
- CRM
- Inception Date
- Sep 1, 2004
- Category
- Mid Cap Blend Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CRMAX Performance Chart
CRM Small/Mid Cap Value Fund (CRMAX) is up 23.2% since the beginning of the year. CRMAX is currently trading at $13 per share. Investors who bought $1,000 worth of CRMAX shares 5 years ago would now be looking at an investment worth $1,535.
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Returns By Period
CRM Small/Mid Cap Value Fund (CRMAX) has returned 23.20% so far this year and 43.35% over the past 12 months. Over the last ten years, CRMAX has returned 11.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
CRM Small/Mid Cap Value Fund
- 1D
- 2.73%
- 1M
- 7.95%
- YTD
- 23.20%
- 6M
- 20.60%
- 1Y
- 43.35%
- 3Y*
- 16.87%
- 5Y*
- 8.95%
- 10Y*
- 11.62%
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%
CRMAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 3, 2004, CRMAX's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +15.1%, while the worst month was Mar 2020 at -19.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CRMAX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.1%, while the worst single day was Mar 18, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.43% | 2.04% | -7.30% | 10.23% | 5.70% | 6.04% | 23.20% | ||||||
| 2025 | 1.39% | -5.37% | -7.80% | -3.55% | 4.33% | 3.11% | 3.32% | 4.87% | -1.67% | 1.13% | 4.58% | 0.46% | 3.89% |
| 2024 | -1.98% | 5.76% | 3.72% | -8.14% | 7.24% | -2.22% | 7.55% | 2.03% | 1.57% | -1.47% | 9.02% | -6.04% | 16.52% |
| 2023 | 7.12% | -1.71% | -3.48% | -1.40% | -5.08% | 9.09% | 4.12% | -2.73% | -7.16% | -5.63% | 9.17% | 8.22% | 8.77% |
| 2022 | -6.57% | 0.27% | 1.46% | -4.58% | 2.35% | -8.64% | 6.94% | -1.88% | -8.25% | 11.60% | 3.00% | -4.99% | -10.82% |
| 2021 | 0.88% | 6.70% | 5.40% | 4.91% | 3.94% | -1.16% | -1.82% | 1.46% | -3.40% | 4.67% | -2.33% | 5.13% | 26.46% |
Benchmark Metrics
CRM Small/Mid Cap Value Fund has an annualized alpha of 1.27%, beta of 0.98, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since September 03, 2004.
- This fund captured 107.04% of S&P 500 Index gains and 103.40% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 0.98 and R2 of 0.82, 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
- 1.27%
- Beta
- 0.98
- R²
- 0.82
- Upside Capture
- 107.04%
- Downside Capture
- 103.40%
Expense Ratio
CRMAX has a high expense ratio of 1.19%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CRMAX ranks 66 for risk / return — better than 66% 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 CRM Small/Mid Cap Value Fund (CRMAX) 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.
| CRMAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.78 | +0.63 |
| Martin ratioReturn relative to average drawdown | 11.99 | 12.44 | -0.45 |
Dividends
Dividend History
CRM Small/Mid Cap Value Fund provided a 4.25% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.56 | $1.63 | $0.07 | $0.63 | $4.14 | $0.74 | $0.32 | $1.75 | $3.59 | $0.30 | $1.47 |
Dividend yield | 4.25% | 5.23% | 15.07% | 0.64% | 6.41% | 35.31% | 5.86% | 2.68% | 18.13% | 29.30% | 2.13% | 12.11% |
Monthly Dividends
The table displays the monthly dividend distributions for CRM Small/Mid Cap Value 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 | $0.56 | $0.56 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.63 | $1.63 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.14 | $4.14 |
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 Small/Mid Cap Value 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 Small/Mid Cap Value Fund was 49.36%, occurring on Nov 20, 2008. Recovery took 532 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.36%Nov 2008 | 1y 4mo | 2y 1mo | 3y 5moJul 2007 - Jan 2011 |
COVID crash2020 | -41.56%Mar 2020 | 2mo 2d | 7mo 22d | 9mo 24dJan 2020 - Nov 2020 |
2011 bear market2011 | -28.00%Oct 2011 | 4mo 25d | 11mo 15d | 1y 4moMay 2011 - Sep 2012 |
2025 selloff2025 | -27.73%Apr 2025 | 4mo 13d | 8mo 7d | 1y 15dNov 2024 - Dec 2025 |
Rate-hike selloffLate 2018 | -24.39%Dec 2018 | 3mo 26d | 12mo | 1y 3moAug 2018 - Dec 2019 |
Drawdown Indicators
| CRMAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.36% | -56.78% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -9.10% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -27.73% | -18.90% | -8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.73% | -25.43% | -2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -33.92% | -7.64% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -10.71% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.03% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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