- ISIN
- US5896198406
- CUSIP
- 589619840
- Issuer
- Meridian
- Inception Date
- Dec 16, 2013
- Category
- Small Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MISGX Performance Chart
Meridian Small Cap Growth Fund (MISGX) is up 5.8% since the beginning of the year. MISGX is currently trading at $13 per share. Investors who bought $1,000 worth of MISGX shares 5 years ago would now be looking at an investment worth $962.
Loading charts...
Compare this symbol against anything
Returns By Period
Meridian Small Cap Growth Fund (MISGX) has returned 5.83% so far this year and 13.63% over the past 12 months. Over the last ten years, MISGX has returned 8.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Meridian Small Cap Growth Fund
- 1D
- 1.26%
- 1M
- -4.52%
- 6M
- 6.36%
- YTD
- 5.83%
- 1Y
- 13.63%
- 3Y*
- 5.22%
- 5Y*
- -0.78%
- 10Y*
- 8.38%
- ALL TIME*
- 8.72%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MISGX Monthly Returns History
Based on dividend-adjusted daily data since Dec 17, 2013, MISGX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +20.1%, while the worst month was Mar 2020 at -22.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MISGX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.49% | -0.66% | -7.32% | 9.42% | 3.61% | 7.20% | -4.94% | 5.83% | |||||
| 2025 | 6.09% | -11.35% | -6.64% | -2.40% | 5.97% | 3.40% | -2.08% | 6.22% | 0.15% | 0.38% | -0.31% | 0.84% | -1.28% |
| 2024 | -2.64% | 5.59% | 3.21% | -6.61% | 3.75% | -0.48% | 3.63% | 2.65% | -0.15% | -1.97% | 9.14% | -2.03% | 13.89% |
| 2023 | 10.16% | -0.43% | -2.49% | -1.32% | 0.53% | 5.41% | 4.12% | -7.27% | -7.06% | -8.15% | 10.31% | 12.12% | 14.02% |
| 2022 | -9.14% | -2.04% | 2.01% | -8.64% | -5.14% | -8.01% | 7.42% | -2.62% | -7.50% | 9.88% | 1.12% | -3.16% | -24.63% |
| 2021 | 1.55% | 6.33% | -0.14% | 3.56% | -0.45% | 3.90% | -0.09% | 1.94% | -2.92% | 1.66% | -4.89% | -1.69% | 8.55% |
Benchmark Metrics
Meridian Small Cap Growth Fund has an annualized alpha of -1.90%, beta of 0.93, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since December 17, 2013.
- This fund participated in 110.31% of S&P 500 Index downside but only 93.65% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.93 and R2 of 0.63, 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
- -1.90%
- Beta
- 0.93
- R²
- 0.63
- Upside Capture
- 93.65%
- Downside Capture
- 110.31%
Expense Ratio
MISGX has a high expense ratio of 1.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MISGX ranks 17 for risk / return — above 17% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Meridian Small Cap Growth Fund (MISGX) 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.
| MISGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.00 | -1.07 |
| Martin ratioReturn relative to average drawdown | 2.80 | 8.49 | -5.69 |
Dividends
Dividend History
Meridian Small Cap Growth Fund provided a 7.45% dividend yield over the last twelve months, with an annual payout of $0.96 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.96 | $0.50 | $0.00 | $1.53 | $5.36 | $0.39 | $0.93 | $1.78 | $0.67 | $0.00 | $0.18 |
Dividend yield | 7.45% | 7.89% | 3.76% | 0.00% | 14.39% | 33.08% | 1.96% | 5.78% | 12.50% | 4.18% | 0.00% | 1.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Meridian 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 | $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 | $0.96 | $0.96 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 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 | $1.53 | $1.53 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.36 | $5.36 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Meridian 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 Meridian Small Cap Growth Fund was 41.11%, occurring on Mar 18, 2020. Recovery took 139 trading sessions.
The current Meridian Small Cap Growth Fund drawdown is 7.57%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-41.11%Mar 2020 | 1y 6mo | 6mo 21d | 2y 1moSep 2018 - Oct 2020 | COVID crash2020 |
-37.70%Oct 2023 | 1y 11mo | — | 4y 9moNov 2021 - now | — |
-27.11%Feb 2016 | 7mo 22d | 7mo 14d | 1y 3moJun 2015 - Sep 2016 | — |
-9.34%Mar 2021 | 1mo 6d | 3mo 2d | 4mo 8dFeb 2021 - Jun 2021 | — |
-8.17%Nov 2016 | 1mo 11d | 8d | 1mo 19dSep 2016 - Nov 2016 | — |
Drawdown Indicators
| MISGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.11% | -56.78% | +15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -9.10% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -27.23% | -18.90% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -37.70% | -25.43% | -12.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | -33.92% | -7.19% |
Current DrawdownCurrent decline from peak | -7.57% | -1.58% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -10.70% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 2.14% | +2.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MISGX
Add Meridian Small Cap Growth Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MISGX