- ISIN
- US74316J3187
- CUSIP
- 74316J318
- Issuer
- Hodges
- Inception Date
- Dec 26, 2013
- Category
- Small Cap Value Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HDSVX Performance Chart
Hodges Small Intrinsic Value Fund (HDSVX) is up 23.3% since the beginning of the year. HDSVX is currently trading at $23 per share. Investors who bought $1,000 worth of HDSVX shares 5 years ago would now be looking at an investment worth $1,522.
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Returns By Period
Hodges Small Intrinsic Value Fund (HDSVX) has returned 23.25% so far this year and 37.76% over the past 12 months. Over the last ten years, HDSVX has returned 11.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Hodges Small Intrinsic Value Fund
- 1D
- 1.20%
- 1M
- 5.28%
- YTD
- 23.25%
- 6M
- 20.64%
- 1Y
- 37.76%
- 3Y*
- 13.83%
- 5Y*
- 8.77%
- 10Y*
- 11.28%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
HDSVX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 2013, HDSVX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2020 with a return of +24.9%, while the worst month was Mar 2020 at -33.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HDSVX closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +11.2%, while the worst single day was Mar 16, 2020 at -17.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.02% | 0.97% | -4.30% | 12.91% | 2.48% | 3.98% | 23.25% | ||||||
| 2025 | 1.49% | -5.82% | -7.86% | -5.68% | 4.62% | 3.62% | 3.55% | 8.45% | -0.63% | -3.13% | 2.24% | -0.25% | -0.73% |
| 2024 | -5.14% | 7.19% | 3.92% | -6.86% | 3.57% | -3.35% | 8.20% | -3.40% | 0.97% | -3.74% | 9.49% | -1.63% | 7.82% |
| 2023 | 9.62% | -1.19% | -3.78% | -2.62% | -2.45% | 10.66% | 4.76% | -3.79% | -3.88% | -6.78% | 5.33% | 13.53% | 18.32% |
| 2022 | -5.17% | 2.12% | 3.15% | -4.41% | 6.21% | -12.50% | 9.50% | -2.41% | -11.02% | 9.54% | 4.06% | -6.30% | -9.87% |
| 2021 | 4.35% | 13.92% | 7.57% | 2.60% | 4.22% | -1.62% | -2.30% | 0.95% | -1.95% | 6.01% | -1.07% | 5.53% | 43.97% |
Benchmark Metrics
Hodges Small Intrinsic Value Fund has an annualized alpha of -1.88%, beta of 1.09, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since December 31, 2013.
- This fund participated in 119.92% of S&P 500 Index downside but only 108.28% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.09 and R2 of 0.63, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.88%
- Beta
- 1.09
- R²
- 0.63
- Upside Capture
- 108.28%
- Downside Capture
- 119.92%
Expense Ratio
HDSVX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HDSVX ranks 53 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hodges Small Intrinsic Value Fund (HDSVX) 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.
| HDSVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.46 | +0.82 |
| Martin ratioReturn relative to average drawdown | 9.07 | 10.92 | -1.85 |
Dividends
Dividend History
Hodges Small Intrinsic Value Fund provided a 0.89% dividend yield over the last twelve months, with an annual payout of $0.20 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.20 | $1.79 | $0.01 | $0.47 | $1.13 | $0.00 | $0.00 | $0.97 | $0.41 | $0.00 | $0.09 |
Dividend yield | 0.89% | 1.09% | 9.55% | 0.06% | 2.93% | 6.17% | 0.00% | 0.02% | 9.82% | 2.93% | 0.00% | 0.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Hodges Small Intrinsic Value 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 | $0.20 | $0.20 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.79 | $1.79 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
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 Intrinsic Value 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 Intrinsic Value Fund was 58.65%, occurring on Mar 18, 2020. Recovery took 202 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -58.65%Mar 2020 | 1y 6mo | 9mo 23d | 2y 4moSep 2018 - Jan 2021 |
2025 selloff2025 | -28.24%Apr 2025 | 3mo 26d | 9mo 12d | 1y 1moDec 2024 - Jan 2026 |
2016 bear market2016 | -27.72%Feb 2016 | 7mo 22d | 9mo 18d | 1y 5moJun 2015 - Nov 2016 |
Bear market2022 | -20.14%Sep 2022 | 3mo 20d | 1y 2mo | 1y 6moJun 2022 - Dec 2023 |
2014 correction2014 | -12.77%Oct 2014 | 1mo 10d | 2mo 17d | 3mo 27dSep 2014 - Dec 2014 |
Drawdown Indicators
| HDSVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.65% | -56.78% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -9.10% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -18.90% | -9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -28.24% | -25.43% | -2.81% |
Max Drawdown (10Y)Largest decline over 10 years | -58.65% | -33.92% | -24.73% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -10.71% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.04% | +2.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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