- ISIN
- US2620287498
- CUSIP
- 262028749
- Issuer
- Driehaus
- Inception Date
- Aug 21, 2017
- 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
DVSMX Performance Chart
Driehaus Small Cap Growth Fund (DVSMX) is up 13.4% since the beginning of the year. DVSMX is currently trading at $30 per share. Investors who bought $1,000 worth of DVSMX shares 5 years ago would now be looking at an investment worth $1,389.
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Returns By Period
Driehaus Small Cap Growth Fund (DVSMX) has returned 13.42% so far this year and 37.86% over the past 12 months.
Driehaus Small Cap Growth Fund
- 1D
- 2.58%
- 1M
- -5.20%
- 6M
- 6.66%
- YTD
- 13.42%
- 1Y
- 37.86%
- 3Y*
- 19.25%
- 5Y*
- 6.79%
- 10Y*
- —
- ALL TIME*
- 15.56%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DVSMX Monthly Returns History
Based on dividend-adjusted daily data since May 9, 2018, DVSMX's average daily return is +0.08%, while the average monthly return is +1.47%. At this rate, an investment would double in approximately 4.0 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +17.1%, while the worst month was Jan 2022 at -19.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DVSMX closed higher 54% of trading days. The best single day was Dec 16, 2021 with a return of +17.7%, while the worst single day was Dec 17, 2021 at -19.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.34% | 0.95% | -7.30% | 13.45% | 5.28% | 5.21% | -9.30% | 13.42% | |||||
| 2025 | 1.62% | -9.19% | -9.56% | 1.57% | 4.17% | 7.41% | 2.90% | 5.19% | 7.82% | 7.14% | -0.26% | -1.38% | 16.66% |
| 2024 | 3.74% | 11.25% | 2.86% | -6.49% | 6.40% | 0.84% | 0.83% | 2.02% | 3.64% | -0.65% | 11.69% | -9.55% | 27.44% |
| 2023 | 6.00% | 0.18% | -2.09% | -0.06% | 0.94% | 8.39% | 4.01% | -1.65% | -6.33% | -8.26% | 8.15% | 10.03% | 18.93% |
| 2022 | -19.40% | 1.15% | -1.14% | -11.85% | -2.78% | -8.29% | 9.50% | 1.52% | -7.41% | 9.30% | -0.06% | -7.48% | -34.12% |
| 2021 | 6.31% | 6.49% | -3.63% | 3.26% | -2.56% | 4.36% | -1.66% | 3.46% | -1.20% | 8.53% | -2.81% | -2.52% | 18.41% |
Benchmark Metrics
Driehaus Small Cap Growth Fund has an annualized alpha of 1.61%, beta of 1.20, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since May 09, 2018.
- This fund captured 124.95% of S&P 500 Index gains and 115.54% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 1.61%
- Beta
- 1.20
- R²
- 0.62
- Upside Capture
- 124.95%
- Downside Capture
- 115.54%
Expense Ratio
DVSMX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DVSMX ranks 46 for risk / return — above 46% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Driehaus Small Cap Growth Fund (DVSMX) 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.
| DVSMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.00 | +0.30 |
| Martin ratioReturn relative to average drawdown | 7.84 | 8.49 | -0.65 |
Dividends
Dividend History
Driehaus Small Cap Growth Fund provided a 0.19% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.06 | $0.06 | $0.25 | $0.07 | $0.33 | $4.18 | $1.55 | $0.97 | $0.33 |
Dividend yield | 0.19% | 0.21% | 1.08% | 0.38% | 2.15% | 17.58% | 6.55% | 6.34% | 2.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Driehaus 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 | $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 | $0.06 | $0.06 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.18 | $4.18 |
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 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 Small Cap Growth Fund was 47.64%, occurring on Jun 16, 2022. Recovery took 835 trading sessions.
The current Driehaus Small Cap Growth Fund drawdown is 9.30%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-47.64%Jun 2022 | 6mo 1d | 3y 4mo | 3y 10moDec 2021 - Oct 2025 | Bear market2022 |
-39.75%Mar 2020 | 27d | 3mo 2d | 3mo 29dFeb 2020 - Jun 2020 | COVID crash2020 |
-30.77%Dec 2018 | 3mo 8d | 5mo 26d | 9mo 4dSep 2018 - Jun 2019 | Rate-hike selloffLate 2018 |
-16.46%May 2021 | 2mo 25d | 5mo 19d | 8mo 14dFeb 2021 - Oct 2021 | — |
-15.39%Mar 2026 | 2mo 6d | 18d | 2mo 24dJan 2026 - Apr 2026 | — |
Drawdown Indicators
| DVSMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.64% | -56.78% | +9.14% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -9.10% | -6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -34.77% | -18.90% | -15.87% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -25.43% | -22.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.30% | -1.58% | -7.72% |
Average DrawdownAverage peak-to-trough decline | -16.97% | -10.70% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 2.14% | +2.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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