- ISIN
- US5896191054
- CUSIP
- 589619105
- Issuer
- Meridian
- Inception Date
- Aug 1, 1984
- Category
- Small Cap Growth Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MERDX Performance Chart
Meridian Growth Fund (MERDX) is up 6.3% since the beginning of the year. MERDX is currently trading at $33 per share. Investors who bought $1,000 worth of MERDX shares 5 years ago would now be looking at an investment worth $901.
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Returns By Period
Meridian Growth Fund (MERDX) has returned 6.33% so far this year and 7.11% over the past 12 months. Over the last ten years, MERDX has returned 7.26% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Meridian Growth Fund
- 1D
- 2.31%
- 1M
- 2.47%
- YTD
- 6.33%
- 6M
- 3.49%
- 1Y
- 7.11%
- 3Y*
- 2.58%
- 5Y*
- -2.06%
- 10Y*
- 7.26%
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%
MERDX Monthly Returns History
Based on dividend-adjusted daily data since Jul 31, 1984, MERDX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 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% | -6.68% | 9.65% | 4.21% | 1.03% | 6.33% | ||||||
| 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 0.79%, beta of 0.84, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since July 31, 1984.
- This fund participated in 98.60% of S&P 500 Index downside but only 93.32% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.79%
- Beta
- 0.84
- R²
- 0.64
- Upside Capture
- 93.32%
- Downside Capture
- 98.60%
Expense Ratio
MERDX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MERDX ranks 6 for risk / return — in the bottom 6% 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 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.
| MERDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.37 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 2.78 | -2.28 |
| Martin ratioReturn relative to average drawdown | 1.36 | 12.44 | -11.08 |
Dividends
Dividend History
Meridian Growth Fund provided a 8.49% 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 | 8.49% | 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 | $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 19.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -48.45%Nov 2008 | 1y 1mo | 1y 10mo | 2y 11moOct 2007 - Sep 2010 |
1998 bear market1998 | -47.14%Oct 1998 | 5mo 19d | 3y 7mo | 4y 24dApr 1998 - May 2002 |
Black Monday1987 | -44.09%Oct 1987 | 2mo | 1y 10mo | 2y 4dAug 1987 - Aug 1989 |
COVID crash2020 | -40.64%Mar 2020 | 2mo 1d | 4mo 22d | 6mo 23dJan 2020 - Aug 2020 |
Bear market2022 | -37.93%Oct 2022 | 11mo 1d | — | 4y 7moNov 2021 - now |
Drawdown Indicators
| MERDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -56.78% | +8.33% |
Max Drawdown (1Y)Largest decline over 1 year | -14.50% | -9.10% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | -18.90% | -5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -37.93% | -25.43% | -12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.64% | -33.92% | -6.72% |
Current DrawdownCurrent decline from peak | -19.98% | -1.80% | -18.18% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -10.71% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 2.03% | +3.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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