- ISIN
- US4697853079
- CUSIP
- 469785307
- Issuer
- Jacob
- Inception Date
- Dec 31, 1997
- Category
- Small Cap Growth Equities
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
JMIGX Performance Chart
Jacob Discovery Fund (JMIGX) is down 3.0% since the beginning of the year. JMIGX is currently trading at $34 per share. Investors who bought $1,000 worth of JMIGX shares 5 years ago would now be looking at an investment worth $781.
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Returns By Period
Jacob Discovery Fund (JMIGX) has returned -2.96% so far this year and 43.99% over the past 12 months. Over the last ten years, JMIGX has had an annualized return of 13.25%, just under the S&P 500 Index benchmark’s 13.88%.
Jacob Discovery Fund
- 1D
- 1.37%
- 1M
- -2.12%
- YTD
- -2.96%
- 6M
- -2.60%
- 1Y
- 43.99%
- 3Y*
- 9.97%
- 5Y*
- -4.83%
- 10Y*
- 13.25%
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%
JMIGX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1997, JMIGX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jun 2000 with a return of +25.0%, while the worst month was Oct 2008 at -22.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, JMIGX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Dec 14, 2007 at -17.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.08% | -3.25% | -7.21% | 13.47% | 2.43% | -5.01% | -2.96% | ||||||
| 2025 | 0.23% | -1.72% | -10.57% | -1.32% | 1.21% | 5.81% | 11.22% | 13.10% | 4.30% | 4.31% | 3.36% | 0.78% | 32.71% |
| 2024 | -1.58% | 3.68% | 4.16% | -10.41% | 8.21% | -4.20% | 7.46% | -4.63% | -0.16% | 1.28% | 10.73% | -2.31% | 10.64% |
| 2023 | 9.42% | -1.75% | -1.78% | -3.29% | 4.33% | 5.58% | -0.62% | -10.48% | -9.54% | -7.96% | 7.92% | 16.07% | 4.38% |
| 2022 | -14.56% | 0.27% | -2.34% | -19.95% | -5.60% | -7.73% | 3.73% | 2.47% | -9.27% | 5.36% | -1.62% | 0.09% | -41.64% |
| 2021 | 13.46% | 15.82% | 4.13% | -3.03% | -3.51% | 0.91% | -7.54% | 9.13% | -6.78% | 5.21% | -4.75% | -5.90% | 14.60% |
Benchmark Metrics
Jacob Discovery Fund has an annualized alpha of 1.65%, beta of 0.95, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since December 31, 1997.
- This fund captured 127.81% of S&P 500 Index gains and 123.37% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 0.95 and R2 of 0.53, 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
- 1.65%
- Beta
- 0.95
- R²
- 0.53
- Upside Capture
- 127.81%
- Downside Capture
- 123.37%
Expense Ratio
JMIGX has a high expense ratio of 1.75%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
JMIGX ranks 35 for risk / return — below 35% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Jacob Discovery Fund (JMIGX) 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.
| JMIGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.78 | -0.44 |
| Martin ratioReturn relative to average drawdown | 6.90 | 12.44 | -5.54 |
Dividends
Dividend History
Jacob Discovery Fund provided a 0.52% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.00 | $0.00 | $0.00 | $0.91 | $2.24 | $0.00 | $0.00 | $0.00 | $0.00 | $3.29 |
Dividend yield | 0.52% | 0.50% | 0.00% | 0.00% | 0.00% | 2.30% | 6.37% | 0.00% | 0.00% | 0.00% | 0.00% | 27.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Jacob Discovery 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 | $0.18 | $0.18 |
| 2024 | $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 |
| 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 | $0.91 | $0.91 |
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 Jacob Discovery 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 Jacob Discovery Fund was 70.25%, occurring on Mar 5, 2009. Recovery took 1220 trading sessions.
The current Jacob Discovery Fund drawdown is 30.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -70.25%Mar 2009 | 8y 5mo | 4y 10mo | 13y 3moOct 2000 - Jan 2014 |
2023 bear market2023 | -61.67%Nov 2023 | 2y 7mo | — | 5y 3moMar 2021 - now |
COVID crash2020 | -42.44%Mar 2020 | 26d | 2mo 22d | 3mo 18dFeb 2020 - Jun 2020 |
2016 bear market2016 | -38.71%Feb 2016 | 7mo 22d | 2y 3mo | 2y 11moJun 2015 - May 2018 |
1998 bear market1998 | -30.62%Oct 1998 | 2mo 20d | 3mo 26d | 6mo 16dJul 1998 - Feb 1999 |
Drawdown Indicators
| JMIGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.25% | -56.78% | -13.47% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -9.10% | -8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -29.40% | -18.90% | -10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -59.40% | -25.43% | -33.97% |
Max Drawdown (10Y)Largest decline over 10 years | -61.67% | -33.92% | -27.75% |
Current DrawdownCurrent decline from peak | -30.82% | -1.80% | -29.02% |
Average DrawdownAverage peak-to-trough decline | -26.87% | -10.71% | -16.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.02% | 2.03% | +3.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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