Driehaus Emerging Markets Small Cap Growth Fund (DRESX)

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The chart shows the growth of an initial investment of $10,000 in Driehaus Emerging Markets Small Cap Growth 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 Emerging Markets Small Cap Growth Fund (DRESX) has returned 4.87% so far this year and 36.60% over the past 12 months. Over the last ten years, DRESX has returned 9.96% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Aug 26, 2011, DRESX's average daily return is +0.03%, while the average monthly return is +0.72%. At this rate, your investment would double in approximately 8.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +14.7%, 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%.

Driehaus Emerging Markets Small Cap Growth Fund has an annualized alpha of 1.43%, beta of 0.55, and R² of 0.41 versus S&P 500 Index. Calculated based on daily prices since August 29, 2011.

• This fund participated in 78.90% of S&P 500 Index downside but only 66.48% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.55 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.

DRESX has a high expense ratio of 1.24%, indicating above-average management fees.

DRESX ranks 94 for risk / return — in the top 94% 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.

The table below present risk-adjusted performance metrics for Driehaus Emerging Markets Small Cap Growth Fund (DRESX) and compare them to a chosen benchmark (S&P 500 Index).

Driehaus Emerging Markets Small Cap Growth Fund provided a 2.14% dividend yield over the last twelve months, with an annual payout of $0.59 per share.

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.

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 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 10.16%.

The chart below shows the rolling one-month volatility.