Driehaus Event Driven Fund (DEVDX)

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The chart shows the growth of an initial investment of $10,000 in Driehaus Event Driven Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Driehaus Event Driven Fund (DEVDX) has returned -1.35% so far this year and 8.81% over the past 12 months. Over the last ten years, DEVDX has returned 6.56% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 2, 2014, DEVDX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, your investment would double in approximately 14.8 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +6.9%, while the worst month was Mar 2020 at -13.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, DEVDX closed higher 49% of trading days. The best single day was Dec 16, 2021 with a return of +12.3%, while the worst single day was Dec 17, 2021 at -11.5%.

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.

DEVDX has a high expense ratio of 1.66%, indicating above-average management fees.

DEVDX ranks 71 for risk / return — better than 71% 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.

The table below present risk-adjusted performance metrics for Driehaus Event Driven Fund (DEVDX) and compare them to a chosen benchmark (S&P 500 Index).

Driehaus Event Driven Fund provided a 16.48% dividend yield over the last twelve months, with an annual payout of $1.86 per share.

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.

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.

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.

The current Driehaus Event Driven Fund drawdown is 3.69%.

The chart below shows the rolling one-month volatility.