- ISIN
- US2620288306
- CUSIP
- 262028830
- Issuer
- Driehaus
- Inception Date
- Aug 21, 2011
- Category
- Emerging Markets Diversified
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
DRESX Performance Chart
Driehaus Emerging Markets Small Cap Growth Fund (DRESX) is up 20.5% since the beginning of the year. DRESX is currently trading at $32 per share. Investors who bought $1,000 worth of DRESX shares 5 years ago would now be looking at an investment worth $1,549.
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Returns By Period
Driehaus Emerging Markets Small Cap Growth Fund (DRESX) has returned 20.46% so far this year and 40.82% over the past 12 months. Over the last ten years, DRESX has returned 11.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Driehaus Emerging Markets Small Cap Growth Fund
- 1D
- 0.86%
- 1M
- 0.38%
- YTD
- 20.46%
- 6M
- 21.61%
- 1Y
- 40.82%
- 3Y*
- 20.59%
- 5Y*
- 9.15%
- 10Y*
- 11.48%
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%
DRESX Monthly Returns History
Based on dividend-adjusted daily data since Aug 26, 2011, DRESX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +15.2%, while the worst month was Mar 2020 at -19.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 9 months.
On a daily basis, DRESX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +7.2%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.86% | 6.60% | -8.36% | 15.16% | -1.58% | -0.06% | 20.46% | ||||||
| 2025 | -3.69% | -2.68% | 1.62% | 2.42% | 6.14% | 6.77% | -0.38% | 5.44% | 2.58% | 4.84% | -1.81% | 1.17% | 24.08% |
| 2024 | 1.21% | 3.53% | 2.36% | 0.78% | 4.04% | 4.30% | -0.31% | 1.75% | 1.41% | -3.53% | -0.41% | -0.93% | 14.86% |
| 2023 | 7.97% | -4.14% | 0.39% | -0.72% | -1.72% | 5.43% | 5.96% | -5.52% | -2.36% | -5.33% | 8.87% | 2.43% | 10.30% |
| 2022 | -6.69% | -1.65% | -0.99% | -5.03% | -1.00% | -5.72% | 1.68% | 0.17% | -8.05% | 0.18% | 6.34% | -1.91% | -21.17% |
| 2021 | 1.05% | 3.94% | -3.09% | 4.89% | 3.24% | 5.61% | -1.62% | -0.41% | -1.79% | 0.70% | 0.42% | 2.36% | 15.93% |
Benchmark Metrics
Driehaus Emerging Markets Small Cap Growth Fund has an annualized alpha of 1.59%, beta of 0.56, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since August 26, 2011.
- This fund participated in 78.81% of S&P 500 Index downside but only 66.63% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 may look defensive, but with R2 of 0.41 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 0.41 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.59%
- Beta
- 0.56
- R²
- 0.41
- Upside Capture
- 66.63%
- Downside Capture
- 78.81%
Expense Ratio
DRESX has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DRESX ranks 74 for risk / return — better than 74% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Driehaus Emerging Markets Small Cap Growth Fund (DRESX) 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.
| DRESX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.78 | +0.86 |
| Martin ratioReturn relative to average drawdown | 11.43 | 12.44 | -1.01 |
Dividends
Dividend History
Driehaus Emerging Markets Small Cap Growth Fund provided a 1.87% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.59 | $0.15 | $0.21 | $0.00 | $0.01 | $0.12 | $0.06 |
Dividend yield | 1.87% | 2.25% | 0.68% | 1.09% | 0.00% | 0.04% | 0.65% | 0.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Driehaus Emerging Markets Small 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 | $0.59 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
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 Emerging Markets Small 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 Emerging Markets Small Cap Growth Fund was 33.38%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.
The current Driehaus Emerging Markets Small Cap Growth Fund drawdown is 4.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.38%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -29.90%Dec 2018 | 10mo 29d | 1y 29d | 1y 11moJan 2018 - Jan 2020 |
2016 bear market2016 | -29.56%Dec 2016 | 1y 8mo | 1y 1mo | 2y 9moApr 2015 - Jan 2018 |
Bear market2022 | -25.88%Oct 2022 | 11mo 11d | 1y 8mo | 2y 7moNov 2021 - Jun 2024 |
2025 selloff2025 | -17.65%Apr 2025 | 6mo 15d | 1mo 28d | 8mo 13dSep 2024 - Jun 2025 |
Drawdown Indicators
| DRESX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.38% | -56.78% | +23.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -9.10% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | -18.90% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -25.43% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.38% | -33.92% | +0.54% |
Current DrawdownCurrent decline from peak | -4.98% | -1.80% | -3.18% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -10.71% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.03% | +1.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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