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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Meridian Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Meridian Growth Fund (MERDX) has returned -10.55% so far this year and -8.85% over the past 12 months. Over the last ten years, MERDX has returned 5.88% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Meridian Growth Fund
- 1D
- -1.13%
- 1M
- -9.36%
- YTD
- -10.55%
- 6M
- -10.85%
- 1Y
- -8.85%
- 3Y*
- -2.55%
- 5Y*
- -5.02%
- 10Y*
- 5.88%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 31, 1984, MERDX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, your investment would double in approximately 7.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +18.8%, while the worst month was Oct 1987 at -28.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MERDX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.1%, while the worst single day was Sep 23, 1998 at -22.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.06% | -1.25% | -9.36% | -10.55% | |||||||||
| 2025 | 6.22% | -9.27% | -4.54% | -3.38% | 4.80% | 2.81% | -2.30% | 2.94% | -2.34% | -2.22% | 2.33% | -0.39% | -6.25% |
| 2024 | -3.07% | 4.70% | 0.75% | -5.97% | 4.98% | -0.58% | 3.11% | 3.44% | 0.11% | -3.35% | 9.22% | -5.92% | 6.42% |
| 2023 | 11.28% | -1.27% | 1.20% | -1.51% | -0.77% | 6.01% | 2.25% | -6.75% | -5.52% | -7.63% | 8.64% | 10.71% | 15.29% |
| 2022 | -8.71% | -0.32% | 0.44% | -9.96% | -4.58% | -9.49% | 9.57% | -3.68% | -9.91% | 6.66% | 2.67% | -4.22% | -29.13% |
| 2021 | 1.71% | 4.61% | 2.51% | 3.95% | -1.01% | 2.97% | 0.87% | 0.50% | -3.45% | 3.61% | -0.84% | -0.54% | 15.58% |
Benchmark Metrics
Meridian Growth Fund has an annualized alpha of 0.73%, beta of 0.84, and R² of 0.64 versus S&P 500 Index. Calculated based on daily prices since August 01, 1984.
- This fund participated in 98.86% of S&P 500 Index downside but only 93.45% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- 0.73%
- Beta
- 0.84
- R²
- 0.64
- Upside Capture
- 93.45%
- Downside Capture
- 98.86%
Expense Ratio
MERDX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MERDX ranks 2 for risk / return — in the bottom 2% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Meridian Growth Fund (MERDX) and compare them to a chosen benchmark (S&P 500 Index).
| MERDX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.48 | 0.90 | -1.37 |
Sortino ratioReturn per unit of downside risk | -0.56 | 1.39 | -1.94 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.21 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | 1.40 | -1.88 |
Martin ratioReturn relative to average drawdown | -1.37 | 6.61 | -7.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MERDX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Meridian Growth Fund provided a 10.09% dividend yield over the last twelve months, with an annual payout of $2.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.82 | $2.82 | $0.09 | $0.00 | $4.10 | $7.40 | $0.42 | $3.55 | $5.45 | $2.94 | $0.20 | $3.74 |
Dividend yield | 10.09% | 9.03% | 0.24% | 0.00% | 13.80% | 15.49% | 0.88% | 9.15% | 16.44% | 7.07% | 0.57% | 12.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Meridian 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 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.82 | $2.82 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 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 | $4.10 | $4.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.40 | $7.40 |
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 Meridian 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 Meridian Growth Fund was 48.45%, occurring on Nov 20, 2008. Recovery took 463 trading sessions.
The current Meridian Growth Fund drawdown is 32.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.45% | Oct 15, 2007 | 280 | Nov 20, 2008 | 463 | Sep 24, 2010 | 743 |
| -47.14% | Apr 22, 1998 | 119 | Oct 8, 1998 | 903 | May 15, 2002 | 1022 |
| -44.09% | Aug 27, 1987 | 42 | Oct 26, 1987 | 467 | Aug 30, 1989 | 509 |
| -40.64% | Jan 17, 2020 | 42 | Mar 18, 2020 | 99 | Aug 7, 2020 | 141 |
| -37.93% | Nov 17, 2021 | 229 | Oct 14, 2022 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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