ADKSX vs. JMCRX

Last updated Jun 26, 2026

ADKSX (Adirondack Small Cap Fund) and JMCRX (James Micro Cap Fund) are both Small Cap Value Equities funds. Over the past 10 years, ADKSX returned 11.28%/yr vs 9.89%/yr for JMCRX. Their correlation of 0.87 suggests significant overlap in exposure. ADKSX charges 1.43%/yr vs 1.51%/yr for JMCRX.

Performance

ADKSX vs. JMCRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adirondack Small Cap Fund (ADKSX) and James Micro Cap Fund (JMCRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADKSX achieves a 17.95% return, which is significantly lower than JMCRX's 19.11% return. Over the past 10 years, ADKSX has outperformed JMCRX with an annualized return of 11.28%, while JMCRX has yielded a comparatively lower 9.89% annualized return.

ADKSX

• 1D: 0.41%
• 1M: 2.31%
• YTD: 17.95%
• 6M: 16.44%
• 1Y: 38.07%
• 3Y*: 22.78%
• 5Y*: 12.63%
• 10Y*: 11.28%

JMCRX

• 1D: 0.95%
• 1M: 2.68%
• YTD: 19.11%
• 6M: 16.12%
• 1Y: 30.44%
• 3Y*: 17.29%
• 5Y*: 9.34%
• 10Y*: 9.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADKSX vs. JMCRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADKSX Adirondack Small Cap Fund	17.95%	12.58%	19.55%	16.59%	-1.39%	26.11%	6.10%	15.96%	-23.30%	10.62%
JMCRX James Micro Cap Fund	19.11%	4.37%	5.95%	31.72%	-17.33%	36.27%	-4.21%	30.55%	-16.62%	2.88%

Correlation

The correlation between ADKSX and JMCRX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 7, 2010	0.87

The correlation between ADKSX and JMCRX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

ADKSX vs. JMCRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADKSX

ADKSX Risk / Return Rank: 86
ADKSX Sharpe Ratio Rank: 86
ADKSX Sortino Ratio Rank: 85
ADKSX Omega Ratio Rank: 78
ADKSX Calmar Ratio Rank: 90
ADKSX Martin Ratio Rank: 89

JMCRX

JMCRX Risk / Return Rank: 52
JMCRX Sharpe Ratio Rank: 45
JMCRX Sortino Ratio Rank: 51
JMCRX Omega Ratio Rank: 40
JMCRX Calmar Ratio Rank: 78
JMCRX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADKSX vs. JMCRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adirondack Small Cap Fund (ADKSX) and James Micro Cap Fund (JMCRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ADKSX	JMCRX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	1.63	+0.79
Sortino ratio: Return per unit of downside risk	3.45	2.46	+1.00
Omega ratio: Gain probability vs. loss probability	1.42	1.28	+0.14
Calmar ratio: Return relative to maximum drawdown	4.02	3.06	+0.96
Martin ratio: Return relative to average drawdown	14.67	8.51	+6.16

ADKSX vs. JMCRX - Sharpe Ratio Comparison

The current ADKSX Sharpe Ratio is 2.43, which is higher than the JMCRX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of ADKSX and JMCRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADKSX vs. JMCRX - Drawdown Comparison

The maximum ADKSX drawdown since its inception was -61.46%, which is greater than JMCRX's maximum drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for ADKSX and JMCRX.

Drawdown Indicators

	ADKSX	JMCRX	Difference
Max Drawdown Largest peak-to-trough decline	-61.46%	-46.65%	-14.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-9.92%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-22.08%	-26.90%	+4.82%
Max Drawdown (5Y) Largest decline over 5 years	-22.81%	-26.90%	+4.09%
Max Drawdown (10Y) Largest decline over 10 years	-54.81%	-46.65%	-8.16%
Current Drawdown Current decline from peak	-0.38%	0.00%	-0.38%
Average Drawdown Average peak-to-trough decline	-9.10%	-7.40%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	3.56%	-1.02%

Volatility

ADKSX vs. JMCRX - Volatility Comparison

The current volatility for Adirondack Small Cap Fund (ADKSX) is 3.87%, while James Micro Cap Fund (JMCRX) has a volatility of 5.20%. This indicates that ADKSX experiences smaller price fluctuations and is considered to be less risky than JMCRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADKSX	JMCRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	5.20%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	13.04%	-2.76%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	18.66%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.80%	20.87%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.98%	21.69%	+0.29%

ADKSX vs. JMCRX - Expense Ratio Comparison

ADKSX has a 1.43% expense ratio, which is lower than JMCRX's 1.51% expense ratio.

Dividends

ADKSX vs. JMCRX - Dividend Comparison

ADKSX's dividend yield for the trailing twelve months is around 6.95%, more than JMCRX's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADKSX Adirondack Small Cap Fund	6.95%	8.20%	0.00%	0.00%	0.00%	0.00%	0.12%	0.28%	15.62%	10.09%	3.18%	3.45%
JMCRX James Micro Cap Fund	0.86%	1.02%	1.43%	0.63%	9.14%	3.84%	0.53%	6.35%	6.71%	7.80%	0.00%	0.09%

Frequently Asked Questions

Can I hold both ADKSX and JMCRX in my portfolio?

ADKSX and JMCRX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADKSX or JMCRX?

JMCRX has higher volatility (5.20%) compared to ADKSX (3.87%). In terms of maximum drawdown, ADKSX dropped -61.46% vs JMCRX's -46.65%.

Which has better risk-adjusted returns?

ADKSX currently has the higher Sharpe Ratio (2.43 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.