- ISIN
- US2620287985
- CUSIP
- 262028798
- Issuer
- Driehaus
- Inception Date
- Nov 18, 2013
- Category
- Small Cap Growth Equities
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
DMCRX Performance Chart
Driehaus Micro Cap Growth Fund (DMCRX) is up 27.1% since the beginning of the year. DMCRX is currently trading at $20 per share. Investors who bought $1,000 worth of DMCRX shares 5 years ago would now be looking at an investment worth $1,718.
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Returns By Period
Driehaus Micro Cap Growth Fund (DMCRX) has returned 27.07% so far this year and 80.24% over the past 12 months. Looking at the last ten years, DMCRX has achieved an annualized return of 22.64%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Driehaus Micro Cap Growth Fund
- 1D
- 2.52%
- 1M
- 3.30%
- YTD
- 27.07%
- 6M
- 23.23%
- 1Y
- 80.24%
- 3Y*
- 30.15%
- 5Y*
- 11.43%
- 10Y*
- 22.64%
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%
DMCRX Monthly Returns History
Based on dividend-adjusted daily data since Nov 20, 2013, DMCRX's average daily return is +0.08%, while the average monthly return is +1.69%. At this rate, an investment would double in approximately 3.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +21.8%, while the worst month was Mar 2020 at -21.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 8 months.
On a daily basis, DMCRX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.8%, while the worst single day was Mar 16, 2020 at -14.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.61% | 2.30% | -5.37% | 15.99% | 5.47% | 1.60% | 27.07% | ||||||
| 2025 | -1.50% | -7.85% | -9.94% | 1.75% | 7.58% | 7.93% | 3.26% | 7.26% | 12.26% | 11.46% | -3.53% | 1.62% | 31.17% |
| 2024 | 0.72% | 8.68% | 4.20% | -6.48% | 9.12% | -1.86% | 3.94% | 1.21% | 2.92% | 0.36% | 14.59% | -8.20% | 30.58% |
| 2023 | 7.26% | -1.11% | -4.03% | -0.39% | 2.06% | 7.50% | 3.49% | -4.41% | -6.69% | -9.11% | 8.53% | 10.04% | 11.47% |
| 2022 | -20.51% | -0.08% | -0.46% | -12.16% | -4.23% | -8.20% | 11.63% | 4.49% | -7.05% | 9.62% | -2.87% | -5.70% | -33.54% |
| 2021 | 9.20% | 8.06% | -4.54% | 2.31% | -0.22% | 5.13% | -4.76% | 4.21% | -2.92% | 7.94% | -1.87% | -0.96% | 22.23% |
Benchmark Metrics
Driehaus Micro Cap Growth Fund has an annualized alpha of 5.44%, beta of 1.22, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since November 20, 2013.
- This fund captured 135.00% of S&P 500 Index gains and 106.56% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 5.44% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 5.44%
- Beta
- 1.22
- R²
- 0.61
- Upside Capture
- 135.00%
- Downside Capture
- 106.56%
Expense Ratio
DMCRX has a high expense ratio of 1.38%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DMCRX ranks 83 for risk / return — in the top 83% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Driehaus Micro Cap Growth Fund (DMCRX) 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.
| DMCRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.21 | 2.78 | +2.42 |
| Martin ratioReturn relative to average drawdown | 18.08 | 12.44 | +5.64 |
Dividends
Dividend History
Driehaus Micro Cap Growth Fund provided a 10.80% dividend yield over the last twelve months, with an annual payout of $2.20 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.20 | $2.20 | $0.54 | $0.10 | $0.82 | $7.88 | $3.96 | $1.90 | $3.69 | $1.29 | $0.00 | $0.45 |
Dividend yield | 10.80% | 13.72% | 3.86% | 0.87% | 8.20% | 48.23% | 19.79% | 14.70% | 33.22% | 8.91% | 0.00% | 4.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Driehaus Micro Cap Growth 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 | $2.20 | $2.20 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.88 | $7.88 |
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 Micro Cap Growth 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 Micro Cap Growth Fund was 46.68%, occurring on Jun 16, 2022. Recovery took 816 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -46.68%Jun 2022 | 7mo 1d | 3y 3mo | 3y 10moNov 2021 - Sep 2025 |
COVID crash2020 | -44.37%Mar 2020 | 26d | 2mo 19d | 3mo 15dFeb 2020 - Jun 2020 |
2016 bear market2016 | -37.61%Feb 2016 | 6mo 27d | 1y 3mo | 1y 10moJul 2015 - Jun 2017 |
Rate-hike selloffLate 2018 | -33.74%Dec 2018 | 3mo 14d | 1y 21d | 1y 4moSep 2018 - Jan 2020 |
2014 bear market2014 | -24.96%Oct 2014 | 6mo 28d | 5mo 4d | 12mo 2dMar 2014 - Mar 2015 |
Drawdown Indicators
| DMCRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.68% | -56.78% | +10.10% |
Max Drawdown (1Y)Largest decline over 1 year | -15.46% | -9.10% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -18.90% | -16.02% |
Max Drawdown (5Y)Largest decline over 5 years | -46.68% | -25.43% | -21.25% |
Max Drawdown (10Y)Largest decline over 10 years | -46.68% | -33.92% | -12.76% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -14.80% | -10.71% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 2.03% | +2.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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