BESIX vs. DRESX
BESIX (William Blair Emerging Markets Small Cap Growth Fund) and DRESX (Driehaus Emerging Markets Small Cap Growth Fund) are both Emerging Markets Equities funds. Over the past 10 years, BESIX returned 7.78%/yr vs 9.10%/yr for DRESX. Their correlation of 0.82 means they have usually moved in the same direction. BESIX charges 1.30%/yr vs 1.24%/yr for DRESX.
Performance
BESIX vs. DRESX - Performance Comparison
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Returns By Period
In the year-to-date period, BESIX achieves a 8.74% return, which is significantly higher than DRESX's 4.11% return. Over the past 10 years, BESIX has underperformed DRESX with an annualized return of 7.78%, while DRESX has yielded a comparatively higher 9.10% annualized return.
BESIX
- 1D
- 0.95%
- 1M
- -10.40%
- 6M
- 1.75%
- YTD
- 8.74%
- 1Y
- 21.86%
- 3Y*
- 12.86%
- 5Y*
- 4.29%
- 10Y*
- 7.78%
- ALL TIME*
- 9.26%
DRESX
- 1D
- 1.44%
- 1M
- -8.67%
- 6M
- -3.73%
- YTD
- 4.11%
- 1Y
- 17.57%
- 3Y*
- 13.48%
- 5Y*
- 5.49%
- 10Y*
- 9.10%
- ALL TIME*
- 7.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BESIX vs. DRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BESIX William Blair Emerging Markets Small Cap Growth Fund | 8.74% | 13.93% | 8.37% | 22.25% | -27.95% | 15.52% | 32.60% | 20.58% | -23.29% | 40.54% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 4.11% | 24.08% | 14.86% | 10.30% | -21.17% | 15.93% | 33.56% | 33.70% | -24.00% | 33.30% |
Correlation
The correlation between BESIX and DRESX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2011 | 0.82 |
The correlation between BESIX and DRESX has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
BESIX vs. DRESX — Risk / Return Rank
BESIX
DRESX
BESIX vs. DRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for William Blair Emerging Markets Small Cap Growth Fund (BESIX) and Driehaus Emerging Markets Small Cap Growth Fund (DRESX). 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.
| BESIX | DRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.85 | +0.55 |
| Martin ratioReturn relative to average drawdown | 4.47 | 3.08 | +1.39 |
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Drawdowns
BESIX vs. DRESX - Drawdown Comparison
The maximum BESIX drawdown since its inception was -38.05%, which is greater than DRESX's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for BESIX and DRESX.
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Drawdown Indicators
| BESIX | DRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -33.38% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.50% | -20.40% | +5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -21.34% | -20.40% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -25.88% | -5.53% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -33.38% | -4.67% |
Current DrawdownCurrent decline from peak | -13.15% | -17.88% | +4.73% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -9.92% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 5.63% | -1.08% |
Volatility
BESIX vs. DRESX - Volatility Comparison
The current volatility for William Blair Emerging Markets Small Cap Growth Fund (BESIX) is 6.80%, while Driehaus Emerging Markets Small Cap Growth Fund (DRESX) has a volatility of 7.46%. This indicates that BESIX experiences smaller price fluctuations and is considered to be less risky than DRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BESIX | DRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 7.46% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 16.69% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 18.55% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 15.42% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 16.23% | +0.25% |
BESIX vs. DRESX - Expense Ratio Comparison
BESIX has a 1.30% expense ratio, which is higher than DRESX's 1.24% expense ratio.
Dividends
BESIX vs. DRESX - Dividend Comparison
BESIX's dividend yield for the trailing twelve months is around 8.77%, more than DRESX's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BESIX William Blair Emerging Markets Small Cap Growth Fund | 8.77% | 9.53% | 0.00% | 0.26% | 4.84% | 8.51% | 0.04% | 0.16% | 2.32% | 3.17% | 2.67% | 4.17% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 2.16% | 2.25% | 0.68% | 1.09% | 0.00% | 0.04% | 0.65% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BESIX and DRESX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRESX has higher volatility (7.46%) compared to BESIX (6.80%). In terms of maximum drawdown, BESIX dropped -38.05% vs DRESX's -33.38%.
BESIX currently has the higher Sharpe Ratio (1.00 vs 0.94), 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.
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