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Driehaus Small Cap Growth Fund (DVSMX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US2620287498
CUSIP
262028749
Issuer
Driehaus
Inception Date
Aug 21, 2017
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

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Driehaus 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.


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S&P 500 Index

Returns By Period

Driehaus Small Cap Growth Fund (DVSMX) has returned -5.77% so far this year and 31.71% over the past 12 months.


Driehaus Small Cap Growth Fund

1D
-3.09%
1M
-12.22%
YTD
-5.77%
6M
-0.69%
1Y
31.71%
3Y*
17.02%
5Y*
3.56%
10Y*

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 9, 2018, DVSMX's average daily return is +0.07%, while the average monthly return is +1.32%. At this rate, your investment would double in approximately 4.4 years.

Historically, 62% of months were positive and 38% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20266.34%0.95%-12.22%-5.77%
20251.62%-9.19%-9.56%1.57%4.17%7.41%2.90%5.19%7.82%7.14%-0.26%-1.38%16.66%
20243.74%11.25%2.86%-6.49%6.40%0.84%0.83%2.02%3.64%-0.65%11.69%-9.55%27.44%
20236.00%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%
20216.31%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 1.91%, beta of 1.19, and R² of 0.62 versus S&P 500 Index. Calculated based on daily prices since May 10, 2018.

  • This fund captured 125.42% of S&P 500 Index gains and 115.00% of its losses — amplifying both gains and losses, but participating more in upside than downside.

Alpha
1.91%
Beta
1.19
0.62
Upside Capture
125.42%
Downside Capture
115.00%

Expense Ratio

DVSMX has a high expense ratio of 0.99%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

DVSMX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


DVSMX Risk / Return Rank: 5757
Overall Rank
DVSMX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
DVSMX Sortino Ratio Rank: 5555
Sortino Ratio Rank
DVSMX Omega Ratio Rank: 4646
Omega Ratio Rank
DVSMX Calmar Ratio Rank: 6767
Calmar Ratio Rank
DVSMX Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

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


DVSMXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.06

0.90

+0.16

Sortino ratio

Return per unit of downside risk

1.52

1.39

+0.14

Omega ratio

Gain probability vs. loss probability

1.20

1.21

-0.01

Calmar ratio

Return relative to maximum drawdown

1.58

1.40

+0.18

Martin ratio

Return relative to average drawdown

5.67

6.61

-0.94

Explore DVSMX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Driehaus Small Cap Growth Fund provided a 0.22% dividend yield over the last twelve months, with an annual payout of $0.06 per share.


0.00%5.00%10.00%15.00%$0.00$1.00$2.00$3.00$4.0020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$0.06$0.06$0.25$0.07$0.33$4.18$1.55$0.97$0.33

Dividend yield

0.22%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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$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 15.39%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-47.64%Dec 17, 2021125Jun 16, 2022835Oct 15, 2025960
-39.75%Feb 20, 202020Mar 18, 202064Jun 18, 202084
-30.77%Sep 17, 201869Dec 24, 2018120Jun 18, 2019189
-16.46%Feb 16, 202161May 12, 2021118Oct 28, 2021179
-15.39%Jan 23, 202646Mar 30, 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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