Driehaus Small Cap Growth Fund (DVSMX)
The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of issuers. Under normal market conditions, it invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in the equity securities of U.S. small-capitalization ("small cap") companies. The fund may invest in companies with limited or no operating histories.
Fund Info
US2620287498
262028749
Aug 21, 2017
$10,000
Small-Cap
Growth
Expense Ratio
DVSMX has a high expense ratio of 0.99%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Driehaus Small Cap Growth Fund (DVSMX) returned -11.70% year-to-date (YTD) and -4.72% over the past 12 months.
DVSMX
-11.70%
3.90%
-20.13%
-4.72%
8.48%
10.88%
N/A
^GSPC (Benchmark)
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of DVSMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.62% | -9.19% | -9.56% | 1.57% | 4.17% | -11.70% | |||||||
| 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% | -1.07% | 20.16% |
| 2020 | -0.00% | -5.08% | -19.19% | 17.05% | 15.43% | 6.21% | 5.97% | 6.41% | 1.00% | 1.61% | 16.50% | 10.48% | 63.96% |
| 2019 | 12.44% | 9.53% | 0.21% | 2.57% | -2.64% | 8.77% | 3.58% | -2.22% | -8.21% | 4.89% | 3.81% | 3.40% | 40.28% |
| 2018 | 3.36% | 0.25% | 2.41% | -0.16% | 10.88% | 2.64% | 0.07% | 12.70% | -0.51% | -14.31% | 0.07% | -11.02% | 3.23% |
| 2017 | 4.60% | 4.88% | 3.19% | 3.62% | 0.76% | 18.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DVSMX is 5, meaning it’s performing worse than 95% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Driehaus Small Cap Growth Fund (DVSMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Driehaus Small Cap Growth Fund provided a 1.23% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.07 | $0.33 | $4.52 | $1.55 | $0.97 | $0.33 | $0.20 |
Dividend yield | 1.23% | 1.08% | 0.38% | 2.14% | 19.04% | 6.55% | 6.34% | 2.86% | 1.70% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 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 | $4.52 | $4.52 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.55 | $1.55 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2018 | $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 |
| 2017 | $0.20 | $0.20 |
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 44.86%, occurring on Jun 16, 2022. Recovery took 620 trading sessions.
The current Driehaus Small Cap Growth Fund drawdown is 20.93%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.86% | Nov 9, 2021 | 152 | Jun 16, 2022 | 620 | Dec 4, 2024 | 772 |
| -39.75% | Feb 20, 2020 | 20 | Mar 18, 2020 | 64 | Jun 18, 2020 | 84 |
| -34.77% | Dec 5, 2024 | 84 | Apr 8, 2025 | — | — | — |
| -30.77% | Sep 17, 2018 | 69 | Dec 24, 2018 | 120 | Jun 18, 2019 | 189 |
| -16.46% | Feb 16, 2021 | 61 | May 12, 2021 | 118 | Oct 28, 2021 | 179 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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