- ISIN
- US56170L2088
- CUSIP
- 56170L208
- Inception Date
- Jan 2, 2003
- Category
- Small Cap Growth Equities
- Min. Investment
- $25,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
HRSMX Performance Chart
Hood River Small-Cap Growth Fund (HRSMX) is up 37.4% since the beginning of the year. HRSMX is currently trading at $122 per share. Investors who bought $1,000 worth of HRSMX shares 5 years ago would now be looking at an investment worth $2,152.
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Returns By Period
Hood River Small-Cap Growth Fund (HRSMX) has returned 37.43% so far this year and 78.19% over the past 12 months. Looking at the last ten years, HRSMX has achieved an annualized return of 20.62%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Hood River Small-Cap Growth Fund
- 1D
- 2.12%
- 1M
- 2.98%
- YTD
- 37.43%
- 6M
- 33.05%
- 1Y
- 78.19%
- 3Y*
- 35.45%
- 5Y*
- 16.56%
- 10Y*
- 20.62%
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%
HRSMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 6, 2003, HRSMX's average daily return is +0.06%, while the average monthly return is +1.29%. At this rate, an investment would double in approximately 4.5 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +18.5%, while the worst month was Oct 2008 at -17.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HRSMX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.4%, while the worst single day was Dec 13, 2007 at -16.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.91% | 3.06% | -5.24% | 18.47% | 8.82% | 1.16% | 37.43% | ||||||
| 2025 | 2.57% | -9.15% | -8.95% | -1.17% | 8.03% | 9.41% | 3.60% | 5.61% | 8.48% | 5.41% | 0.03% | -0.14% | 23.85% |
| 2024 | -1.60% | 9.75% | 5.59% | -5.74% | 7.60% | 1.26% | 4.40% | 3.44% | 3.84% | -0.43% | 14.19% | -9.27% | 35.48% |
| 2023 | 8.90% | -1.69% | -0.76% | -1.49% | 1.59% | 8.03% | 4.10% | -5.15% | -7.30% | -6.98% | 12.80% | 10.16% | 21.52% |
| 2022 | -14.31% | 0.88% | 2.55% | -12.81% | -1.10% | -9.19% | 12.82% | 1.51% | -9.07% | 8.69% | -1.69% | -6.80% | -27.99% |
| 2021 | 3.54% | 9.25% | -1.57% | 5.68% | -0.32% | 2.69% | -3.54% | 4.90% | -3.14% | 6.82% | -4.56% | 2.37% | 23.19% |
Benchmark Metrics
Hood River Small-Cap Growth Fund has an annualized alpha of 4.24%, beta of 1.12, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since January 06, 2003.
- This fund captured 140.22% of S&P 500 Index gains and 117.32% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 4.24% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.12 and R2 of 0.74, 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
- 4.24%
- Beta
- 1.12
- R²
- 0.74
- Upside Capture
- 140.22%
- Downside Capture
- 117.32%
Expense Ratio
HRSMX has a high expense ratio of 1.09%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HRSMX ranks 88 for risk / return — in the top 88% 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 Small-Cap Growth Fund (HRSMX) 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.
| HRSMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 6.40 | 2.78 | +3.61 |
| Martin ratioReturn relative to average drawdown | 25.75 | 12.44 | +13.31 |
Dividends
Dividend History
Hood River Small-Cap Growth Fund provided a 3.08% dividend yield over the last twelve months, with an annual payout of $3.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.74 | $3.74 | $2.79 | $0.00 | $0.00 | $12.96 | $3.96 | $0.00 | $1.55 | $2.55 | $0.00 | $1.69 |
Dividend yield | 3.08% | 4.23% | 3.75% | 0.00% | 0.00% | 19.96% | 6.28% | 0.00% | 4.59% | 6.74% | 0.00% | 5.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Hood River 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $3.74 | $3.74 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.79 | $2.79 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.96 | $12.96 |
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 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 Hood River Small-Cap Growth Fund was 64.92%, occurring on Mar 9, 2009. Recovery took 992 trading sessions.
The current Hood River Small-Cap Growth Fund drawdown is 0.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -64.92%Mar 2009 | 1y 5mo | 3y 11mo | 5y 4moOct 2007 - Feb 2013 |
COVID crash2020 | -40.74%Mar 2020 | 26d | 3mo 16d | 4mo 12dFeb 2020 - Jul 2020 |
Bear market2022 | -38.49%Jun 2022 | 7mo 9d | 2y 1mo | 2y 8moNov 2021 - Jul 2024 |
2025 selloff2025 | -33.04%Apr 2025 | 4mo 7d | 5mo 5d | 9mo 12dDec 2024 - Sep 2025 |
Rate-hike selloffLate 2018 | -30.76%Dec 2018 | 3mo 20d | 1y 1mo | 1y 5moSep 2018 - Feb 2020 |
Drawdown Indicators
| HRSMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.92% | -56.78% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -9.10% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -33.04% | -18.90% | -14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -25.43% | -13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -40.74% | -33.92% | -6.82% |
Current DrawdownCurrent decline from peak | -0.16% | -1.80% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -10.71% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.03% | +1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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