- Issuer
- Hood River Capital
- Category
- Diversified Portfolio
- Distribution Policy
- Accumulating
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
HRNOX Performance Chart
Hood River New Opportunities Fund Institutional Class (HRNOX) is up 32.0% since the beginning of the year. HRNOX is currently trading at $24 per share.
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Returns By Period
Hood River New Opportunities Fund Institutional Class (HRNOX) has returned 31.99% so far this year and 79.20% over the past 12 months.
Hood River New Opportunities Fund Institutional Class
- 1D
- 3.33%
- 1M
- 4.29%
- YTD
- 31.99%
- 6M
- 29.03%
- 1Y
- 79.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
HRNOX Monthly Returns History
Based on dividend-adjusted daily data since Aug 7, 2024, HRNOX's average daily return is +0.20%, while the average monthly return is +4.04%. At this rate, an investment would double in approximately 1.5 years.
Historically, 83% of months were positive and 17% were negative. The best month was Apr 2026 with a return of +16.1%, while the worst month was Mar 2025 at -10.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 2 months.
On a daily basis, HRNOX closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +11.1%, while the worst single day was Apr 3, 2025 at -7.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.65% | 2.17% | -5.28% | 16.08% | 10.37% | 0.77% | 31.99% | ||||||
| 2025 | 3.80% | -8.49% | -10.47% | 0.45% | 10.67% | 11.00% | 3.55% | 7.48% | 7.80% | 5.55% | 1.20% | 0.96% | 35.76% |
| 2024 | 12.46% | 8.24% | 1.23% | 14.89% | -7.25% | 31.31% |
Benchmark Metrics
Hood River New Opportunities Fund Institutional Class has an annualized alpha of 21.89%, beta of 1.48, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since August 07, 2024.
- This fund captured 272.76% of S&P 500 Index gains and 137.47% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 21.89% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 21.89%
- Beta
- 1.48
- R²
- 0.70
- Upside Capture
- 272.76%
- Downside Capture
- 137.47%
Expense Ratio
HRNOX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HRNOX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hood River New Opportunities Fund Institutional Class (HRNOX) 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.
| HRNOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.97 | 2.78 | +3.18 |
| Martin ratioReturn relative to average drawdown | 24.54 | 12.44 | +12.10 |
Dividends
Dividend History
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 Hood River New Opportunities Fund Institutional Class. 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 Hood River New Opportunities Fund Institutional Class was 31.44%, occurring on Apr 8, 2025. Recovery took 78 trading sessions.
The current Hood River New Opportunities Fund Institutional Class drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -31.44%Apr 2025 | 4mo 4d | 3mo 24d | 7mo 28dDec 2024 - Jul 2025 |
2026 correction2026 | -13.39%Mar 2026 | 2mo 1d | 15d | 2mo 16dJan 2026 - Apr 2026 |
2025 pullback2025 | -9.93%Nov 2025 | 23d | 8d | 1mo 1dOct 2025 - Nov 2025 |
2026 pullback2026 | -7.87%Jun 2026 | 12d | — | 25d 19hMay 2026 - now |
2025 pullback2025 | -7.55%Dec 2025 | 5d | 19d | 24dDec 2025 - Jan 2026 |
Drawdown Indicators
| HRNOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.44% | -56.78% | +25.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -9.10% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.08% | -1.80% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -10.71% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.03% | +1.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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