- ISIN
- US00774Q7262
- CUSIP
- 00774Q726
- Issuer
- Nicholas
- Inception Date
- Jan 16, 2019
- Category
- Small Cap Growth Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
NPSGX Performance Chart
Nicholas Partners Small Cap Growth Fund (NPSGX) is up 30.0% since the beginning of the year. NPSGX is currently trading at $23 per share. Investors who bought $1,000 worth of NPSGX shares 5 years ago would now be looking at an investment worth $1,587.
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Returns By Period
Nicholas Partners Small Cap Growth Fund (NPSGX) has returned 30.03% so far this year and 62.06% over the past 12 months.
Nicholas Partners Small Cap Growth Fund
- 1D
- 2.74%
- 1M
- 4.03%
- YTD
- 30.03%
- 6M
- 26.29%
- 1Y
- 62.06%
- 3Y*
- 25.64%
- 5Y*
- 9.68%
- 10Y*
- —
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%
NPSGX Monthly Returns History
Based on dividend-adjusted daily data since Jan 25, 2019, NPSGX's average daily return is +0.08%, while the average monthly return is +1.61%. At this rate, an investment would double in approximately 3.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +18.7%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NPSGX closed higher 53% of trading days. The best single day was Dec 6, 2021 with a return of +22.8%, while the worst single day was Dec 8, 2021 at -16.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.21% | 0.57% | -4.10% | 15.68% | 6.40% | 2.15% | 30.03% | ||||||
| 2025 | 2.58% | -6.88% | -8.91% | 0.87% | 3.02% | 7.80% | 4.98% | 5.85% | 4.89% | 5.38% | -1.42% | -0.12% | 17.88% |
| 2024 | 1.87% | 11.31% | 1.84% | -7.11% | 4.43% | -0.51% | 4.52% | 0.56% | 0.92% | -1.64% | 11.46% | -6.76% | 20.83% |
| 2023 | 5.70% | -0.41% | -2.46% | 1.09% | 1.42% | 8.05% | 3.80% | -3.44% | -6.52% | -7.70% | 9.58% | 11.39% | 20.05% |
| 2022 | -16.13% | 2.47% | 1.17% | -14.28% | -4.20% | -6.04% | 8.99% | 1.37% | -7.42% | 4.05% | 1.99% | -6.09% | -31.62% |
| 2021 | 0.21% | 7.84% | -6.18% | 5.01% | -1.61% | 4.44% | 0.00% | 2.54% | -1.86% | 5.19% | -4.57% | -0.01% | 10.52% |
Benchmark Metrics
Nicholas Partners Small Cap Growth Fund has an annualized alpha of 2.69%, beta of 1.15, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 25, 2019.
- This fund captured 117.33% of S&P 500 Index gains and 105.60% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.69% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.69%
- Beta
- 1.15
- R²
- 0.62
- Upside Capture
- 117.33%
- Downside Capture
- 105.60%
Expense Ratio
NPSGX has a high expense ratio of 1.13%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NPSGX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nicholas Partners Small Cap Growth Fund (NPSGX) 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.
| NPSGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 2.78 | +1.86 |
| Martin ratioReturn relative to average drawdown | 16.91 | 12.44 | +4.47 |
Dividends
Dividend History
Nicholas Partners Small Cap Growth Fund provided a 3.46% dividend yield over the last twelve months, with an annual payout of $0.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.81 | $0.93 | $0.00 | $0.00 | $3.60 | $1.78 | $0.39 |
Dividend yield | 3.46% | 4.50% | 5.89% | 0.00% | 0.00% | 21.28% | 9.50% | 3.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Nicholas Partners 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 | $0.81 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
| 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 | $3.60 | $3.60 |
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 Nicholas Partners 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 Nicholas Partners Small Cap Growth Fund was 46.95%, occurring on Jun 16, 2022. Recovery took 875 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -46.95%Jun 2022 | 6mo 10d | 3y 5mo | 4y 4dDec 2021 - Dec 2025 |
COVID crash2020 | -36.99%Mar 2020 | 27d | 2mo 5d | 3mo 2dFeb 2020 - May 2020 |
2021 correction2021 | -15.26%May 2021 | 2mo 25d | 3mo 23d | 6mo 18dFeb 2021 - Sep 2021 |
2026 correction2026 | -13.45%Mar 2026 | 2mo 9d | 14d | 2mo 23dJan 2026 - Apr 2026 |
2021 correction2021 | -12.72%Dec 2021 | 24d | 3d | 27dNov 2021 - Dec 2021 |
Drawdown Indicators
| NPSGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.95% | -56.78% | +9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -9.10% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -28.03% | -18.90% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -46.95% | -25.43% | -21.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -17.80% | -10.71% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.03% | +1.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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