Share Price Chart
Loading graphics...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Davidson Multi-Cap Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Loading graphics...
Returns By Period
Davidson Multi-Cap Equity Fund (DFMAX) has returned -5.22% so far this year and 10.30% over the past 12 months. Over the last decade, DFMAX has posted an annualized return of 12.59%, slightly higher than the S&P 500 Index benchmark’s 12.16%.
Davidson Multi-Cap Equity Fund
- 1D
- 0.09%
- 1M
- -7.27%
- YTD
- -5.22%
- 6M
- -3.96%
- 1Y
- 10.30%
- 3Y*
- 11.15%
- 5Y*
- 8.62%
- 10Y*
- 12.59%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Aug 11, 2008, DFMAX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, your investment would double in approximately 6.2 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.2%, while the worst month was Oct 2008 at -18.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DFMAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.36% | 0.84% | -7.27% | -5.22% | |||||||||
| 2025 | 4.13% | -2.03% | -6.00% | -0.70% | 5.17% | 5.30% | 1.28% | 1.07% | 2.04% | 1.28% | 0.34% | -0.29% | 11.60% |
| 2024 | 1.15% | 4.05% | 4.02% | -4.18% | 2.97% | 1.60% | 0.90% | 2.72% | 1.25% | -1.74% | 6.17% | -2.39% | 17.28% |
| 2023 | 7.36% | -2.36% | 1.26% | 0.77% | -2.15% | 6.40% | 2.59% | -2.22% | -3.90% | -2.07% | 6.56% | 4.88% | 17.50% |
| 2022 | -4.71% | -1.37% | 3.04% | -7.44% | 0.78% | -6.90% | 9.29% | -4.33% | -8.34% | 8.00% | 5.17% | -4.98% | -13.02% |
| 2021 | -0.40% | 3.32% | 4.96% | 5.25% | 2.02% | 1.58% | 2.35% | 2.20% | -5.30% | 6.56% | -1.73% | 5.42% | 28.82% |
Benchmark Metrics
Davidson Multi-Cap Equity Fund has an annualized alpha of 1.13%, beta of 0.98, and R² of 0.96 versus S&P 500 Index. Calculated based on daily prices since August 12, 2008.
- With beta of 0.98 and R² of 0.96, 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
- 1.13%
- Beta
- 0.98
- R²
- 0.96
- Upside Capture
- 100.73%
- Downside Capture
- 96.45%
Expense Ratio
DFMAX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DFMAX ranks 25 for risk / return — below 25% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Davidson Multi-Cap Equity Fund (DFMAX) and compare them to a chosen benchmark (S&P 500 Index).
| DFMAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.90 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.39 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.40 | -0.68 |
Martin ratioReturn relative to average drawdown | 3.43 | 6.61 | -3.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore DFMAX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Davidson Multi-Cap Equity Fund provided a 7.93% dividend yield over the last twelve months, with an annual payout of $2.66 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.66 | $2.66 | $0.52 | $0.63 | $2.96 | $2.91 | $3.30 | $3.51 | $2.47 | $0.73 | $0.92 | $0.89 |
Dividend yield | 7.93% | 7.51% | 1.51% | 2.12% | 11.53% | 8.85% | 11.84% | 13.72% | 11.41% | 2.90% | 4.01% | 4.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Davidson Multi-Cap Equity 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 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.66 | $2.66 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.96 | $2.96 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.91 | $2.91 |
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.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the Davidson Multi-Cap Equity 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 Davidson Multi-Cap Equity Fund was 47.78%, occurring on Mar 9, 2009. Recovery took 421 trading sessions.
The current Davidson Multi-Cap Equity Fund drawdown is 7.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.78% | Aug 18, 2008 | 140 | Mar 9, 2009 | 421 | Nov 5, 2010 | 561 |
| -32.36% | Feb 18, 2020 | 25 | Mar 23, 2020 | 97 | Aug 10, 2020 | 122 |
| -21.69% | May 2, 2011 | 108 | Oct 3, 2011 | 111 | Mar 13, 2012 | 219 |
| -19.77% | Dec 30, 2021 | 191 | Sep 30, 2022 | 302 | Dec 13, 2023 | 493 |
| -19.23% | Sep 24, 2018 | 64 | Dec 24, 2018 | 82 | Apr 24, 2019 | 146 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...