- ISIN
- US7429352997
- CUSIP
- 742935299
- Issuer
- Hodges
- Inception Date
- Dec 18, 2007
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HDPSX Performance Chart
Hodges Small Cap Fund (HDPSX) is up 33.3% since the beginning of the year. HDPSX is currently trading at $27 per share. Investors who bought $1,000 worth of HDPSX shares 5 years ago would now be looking at an investment worth $2,278.
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Returns By Period
Hodges Small Cap Fund (HDPSX) has returned 33.25% so far this year and 52.22% over the past 12 months. Looking at the last ten years, HDPSX has achieved an annualized return of 15.95%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Hodges Small Cap Fund
- 1D
- 1.82%
- 1M
- 4.72%
- YTD
- 33.25%
- 6M
- 29.58%
- 1Y
- 52.22%
- 3Y*
- 33.44%
- 5Y*
- 17.90%
- 10Y*
- 15.95%
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%
HDPSX Monthly Returns History
Based on dividend-adjusted daily data since Dec 20, 2007, HDPSX's average daily return is +0.06%, while the average monthly return is +1.26%. At this rate, an investment would double in approximately 4.6 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2009 with a return of +24.2%, while the worst month was Mar 2020 at -28.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HDPSX closed higher 53% of trading days. The best single day was Dec 11, 2024 with a return of +16.7%, while the worst single day was Mar 16, 2020 at -15.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.35% | 3.78% | -4.50% | 16.01% | 5.48% | 3.31% | 33.25% | ||||||
| 2025 | 2.72% | -6.31% | -8.77% | -3.91% | 3.62% | 5.84% | 3.87% | 7.84% | 0.23% | -2.07% | 2.86% | -1.49% | 3.07% |
| 2024 | -3.21% | 8.77% | 5.58% | -6.15% | 4.53% | -1.61% | 8.47% | -0.56% | 0.91% | 1.33% | 11.08% | 24.00% | 62.98% |
| 2023 | 12.86% | -3.15% | -4.11% | -0.89% | -3.95% | 12.23% | 4.55% | -3.51% | -5.96% | -7.01% | 5.87% | 9.83% | 14.88% |
| 2022 | -8.72% | 2.96% | 2.15% | -6.51% | 4.71% | -15.41% | 15.84% | -3.42% | -12.39% | 15.41% | 6.20% | -8.67% | -12.78% |
| 2021 | 7.31% | 12.52% | 6.98% | 4.07% | 1.90% | 2.24% | -5.07% | 0.81% | -2.21% | 4.95% | -6.13% | 5.01% | 35.60% |
Benchmark Metrics
Hodges Small Cap Fund has an annualized alpha of 2.84%, beta of 1.21, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since December 20, 2007.
- This fund captured 134.14% of S&P 500 Index gains and 116.60% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.84% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.84%
- Beta
- 1.21
- R²
- 0.73
- Upside Capture
- 134.14%
- Downside Capture
- 116.60%
Expense Ratio
HDPSX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HDPSX ranks 80 for risk / return — better than 80% 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 Hodges Small Cap Fund (HDPSX) 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.
| HDPSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 2.78 | +2.22 |
| Martin ratioReturn relative to average drawdown | 15.11 | 12.44 | +2.67 |
Dividends
Dividend History
Hodges Small Cap Fund provided a 5.73% dividend yield over the last twelve months, with an annual payout of $1.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.54 | $1.54 | $9.43 | $1.00 | $1.18 | $4.34 | $0.00 | $1.38 | $0.72 | $2.82 | $0.07 | $0.06 |
Dividend yield | 5.73% | 7.64% | 44.97% | 5.01% | 6.46% | 19.53% | 0.00% | 8.25% | 4.66% | 14.53% | 0.32% | 0.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Hodges Small Cap 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 | $1.54 | $1.54 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $9.43 | $9.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $1.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.34 | $4.34 |
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 Hodges Small Cap 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 Hodges Small Cap Fund was 65.86%, occurring on Mar 9, 2009. Recovery took 424 trading sessions.
The current Hodges Small Cap Fund drawdown is 0.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -65.86%Mar 2009 | 8mo 22d | 1y 8mo | 2y 4moJun 2008 - Nov 2010 |
COVID crash2020 | -58.96%Mar 2020 | 1y 6mo | 9mo 4d | 2y 3moSep 2018 - Dec 2020 |
2016 bear market2016 | -29.61%Feb 2016 | 7mo 22d | 10mo | 1y 5moJun 2015 - Dec 2016 |
2025 selloff2025 | -28.83%Apr 2025 | 2mo 16d | 7mo 29d | 10mo 15dJan 2025 - Dec 2025 |
Bear market2022 | -28.12%Sep 2022 | 10mo 20d | 1y 5mo | 2y 4moNov 2021 - Mar 2024 |
Drawdown Indicators
| HDPSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.86% | -56.78% | -9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -9.10% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -28.83% | -18.90% | -9.93% |
Max Drawdown (5Y)Largest decline over 5 years | -28.83% | -25.43% | -3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -58.96% | -33.92% | -25.04% |
Current DrawdownCurrent decline from peak | -0.33% | -1.80% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -10.71% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.03% | +1.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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