- ISIN
- US92913L2887
- CUSIP
- 742935455
- Issuer
- TCM Funds
- Inception Date
- Oct 1, 2004
- Category
- Small Cap Growth Equities
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
TCMSX Performance Chart
Voya Small Cap Growth Fund (TCMSX) is up 23.1% since the beginning of the year. TCMSX is currently trading at $57 per share. Investors who bought $1,000 worth of TCMSX shares 5 years ago would now be looking at an investment worth $1,643.
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Returns By Period
Voya Small Cap Growth Fund (TCMSX) has returned 23.07% so far this year and 51.87% over the past 12 months. Looking at the last ten years, TCMSX has achieved an annualized return of 15.33%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Voya Small Cap Growth Fund
- 1D
- 2.95%
- 1M
- 6.92%
- YTD
- 23.07%
- 6M
- 19.72%
- 1Y
- 51.87%
- 3Y*
- 22.06%
- 5Y*
- 10.44%
- 10Y*
- 15.33%
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%
TCMSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2005, TCMSX's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +15.0%, while the worst month was Oct 2008 at -21.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TCMSX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -13.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.16% | -0.93% | -8.09% | 14.91% | 6.24% | 4.29% | 23.07% | ||||||
| 2025 | 3.16% | -10.63% | -3.65% | -2.87% | 4.61% | 6.19% | 2.49% | 7.35% | 3.55% | 2.53% | 2.44% | -0.31% | 14.32% |
| 2024 | -1.36% | 7.83% | 3.54% | -5.78% | 6.96% | 1.18% | 5.87% | -0.66% | 1.52% | 0.40% | 8.95% | -9.67% | 18.46% |
| 2023 | 10.17% | -1.35% | -1.96% | -1.20% | -1.21% | 8.00% | 3.54% | -1.51% | -6.10% | -7.06% | 9.96% | 9.45% | 20.32% |
| 2022 | -12.20% | 0.79% | 1.97% | -11.11% | -2.08% | -6.74% | 10.86% | -2.66% | -8.63% | 9.67% | 1.87% | -5.32% | -23.60% |
| 2021 | 3.28% | 6.06% | -1.32% | 3.98% | 0.08% | 1.08% | -0.66% | 4.14% | -3.33% | 3.87% | -2.29% | 2.65% | 18.45% |
Benchmark Metrics
Voya Small Cap Growth Fund has an annualized alpha of 2.36%, beta of 1.08, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since January 03, 2005.
- This fund captured 121.47% of S&P 500 Index gains and 109.70% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.36% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.08 and R2 of 0.77, 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
- 2.36%
- Beta
- 1.08
- R²
- 0.77
- Upside Capture
- 121.47%
- Downside Capture
- 109.70%
Expense Ratio
TCMSX has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TCMSX ranks 74 for risk / return — better than 74% 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 Voya Small Cap Growth Fund (TCMSX) 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.
| TCMSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.78 | +0.70 |
| Martin ratioReturn relative to average drawdown | 13.55 | 12.44 | +1.11 |
Dividends
Dividend History
Voya Small Cap Growth Fund provided a 4.53% dividend yield over the last twelve months, with an annual payout of $2.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.59 | $2.59 | $4.51 | $0.00 | $0.00 | $8.63 | $2.92 | $0.51 | $4.11 | $5.40 | $0.00 | $4.54 |
Dividend yield | 4.53% | 5.57% | 10.53% | 0.00% | 0.00% | 20.02% | 6.69% | 1.40% | 14.82% | 16.10% | 0.00% | 16.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Voya 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 | $2.59 | $2.59 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.51 | $4.51 |
| 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 | $8.63 | $8.63 |
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 Voya 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 Voya Small Cap Growth Fund was 55.98%, occurring on Nov 20, 2008. Recovery took 1120 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.98%Nov 2008 | 1y 1mo | 4y 5mo | 5y 7moOct 2007 - May 2013 |
COVID crash2020 | -39.29%Mar 2020 | 27d | 4mo 20d | 5mo 17dFeb 2020 - Aug 2020 |
Bear market2022 | -34.60%Jun 2022 | 7mo 9d | 2y 27d | 2y 8moNov 2021 - Jul 2024 |
2025 selloff2025 | -30.74%Apr 2025 | 4mo 13d | 6mo 1d | 10mo 14dNov 2024 - Oct 2025 |
Rate-hike selloffLate 2018 | -28.61%Dec 2018 | 3mo 21d | 7mo 8d | 10mo 29dSep 2018 - Jul 2019 |
Drawdown Indicators
| TCMSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.98% | -56.78% | +0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.86% | -9.10% | -7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -30.74% | -18.90% | -11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -25.43% | -9.17% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | -33.92% | -5.37% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -11.75% | -10.71% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 2.03% | +2.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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