- ISIN
- US2620288140
- CUSIP
- 262028814
- Issuer
- Driehaus
- Inception Date
- Aug 22, 2013
- Category
- Event Driven
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
DEVDX Performance Chart
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Returns By Period
Driehaus Event Driven Fund
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
DEVDX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.11% | -0.50% | 0.27% | -1.35% | |||||||||
| 2025 | -0.72% | -1.20% | -2.03% | -0.58% | 0.33% | 2.66% | 1.21% | 0.80% | 1.74% | 0.55% | 2.94% | 0.25% | 5.99% |
| 2024 | -0.49% | 0.65% | 1.94% | -2.38% | -0.32% | -0.00% | 3.91% | -0.55% | 1.18% | -0.08% | 1.33% | -2.01% | 3.06% |
| 2023 | 3.05% | 0.82% | -1.55% | -0.08% | -0.08% | 0.75% | 0.74% | -0.57% | 2.22% | -0.56% | 1.54% | 3.04% | 9.59% |
| 2022 | -4.97% | 1.66% | 1.56% | -3.37% | -3.02% | -2.95% | 1.18% | -1.67% | -1.10% | 3.60% | 0.99% | -2.03% | -9.99% |
| 2021 | 2.66% | 0.21% | 0.21% | 1.53% | 0.34% | 1.03% | -1.42% | 0.96% | 0.27% | 0.75% | -1.41% | 1.97% | 7.24% |
Benchmark Metrics
Driehaus Event Driven Fund has an annualized alpha of 1.45%, beta of 0.28, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since January 03, 2014.
- This fund participated in 30.26% of S&P 500 Index downside but only 28.38% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.28 may look defensive, but with R2 of 0.27 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 0.27 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.45%
- Beta
- 0.28
- R²
- 0.27
- Upside Capture
- 28.38%
- Downside Capture
- 30.26%
Expense Ratio
DEVDX has a high expense ratio of 1.66%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Driehaus Event Driven Fund (DEVDX) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Driehaus Event Driven Fund provided a 16.48% dividend yield over the last twelve months, with an annual payout of $1.86 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.86 | $1.66 | $0.17 | $0.55 | $0.18 | $1.61 | $0.49 | $0.47 | $0.36 | $0.00 | $0.12 | $0.06 |
Dividend yield | 16.48% | 14.24% | 1.35% | 4.48% | 1.49% | 12.11% | 3.48% | 4.09% | 3.57% | 0.00% | 1.20% | 0.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Driehaus Event Driven 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 | $0.20 | $0.00 | $0.20 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $1.66 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 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 | $1.61 | $1.61 |
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 Driehaus Event Driven 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 Driehaus Event Driven Fund was 21.00%, occurring on Sep 26, 2022. The portfolio has not yet recovered.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -21.00%Sep 2022 | 9mo 13d | — | 4y 5moDec 2021 - now |
2016 bear market2016 | -20.21%Feb 2016 | 1y 7mo | 1y 11mo | 3y 6moJul 2014 - Jan 2018 |
COVID crash2020 | -18.45%Mar 2020 | 26d | 4mo 1d | 4mo 27dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -12.64%Dec 2018 | 6mo 6d | 2mo 3d | 8mo 9dJun 2018 - Feb 2019 |
2018 pullback2018 | -5.41%Apr 2018 | 21d | 2mo | 2mo 21dMar 2018 - Jun 2018 |
Drawdown Indicators
| DEVDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -0.74% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.72% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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