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Driehaus Event Driven Fund (DEVDX) Sharpe Ratio

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The investment seeks to provide positive returns over full-market cycles. The fund is actively managed by using techniques intended to provide positive returns over full-market cycles. In making investment decisions the fund's investment adviser, will employ event-driven strategies designed to exploit disparities or inefficiencies in U.S. and foreign (non-U.S.) equity and debt markets.

Sharpe ratio is not yet available for DEVDX. This metric requires at least 12 months of historical daily returns to calculate. Check back once this data is available.

How it compares to other similar mutual funds

The table compares Driehaus Event Driven Fund's Sharpe Ratio with other mutual funds in the Event Driven category across multiple time periods, showing how DEVDX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
HMEZXNexPoint Merger Arbitrage Fund4.56
VARBXVivaldi Merger Arbitrage Fund Class I3.82
MERIXThe Merger Fund Class I3.54
DAMDXDunham Monthly Distribution Fund3.50
ARBNXThe Arbitrage Fund Class Institutional3.49
ARBFXThe Arbitrage Fund3.33
MERFXThe Merger Fund3.19
AEDNXWater Island Event-Driven Fund2.83
EMAYXGabelli Enterprise Mergers and Acquisitions Fund2.45
WCFRXVirtus Westchester Credit Event Fund1.96
DEVDXDriehaus Event Driven Fund—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows DEVDX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when DEVDX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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