CRIHX vs. CRMSX

Last updated Jun 5, 2026

CRIHX (CRM Long/Short Opportunities Fund) and CRMSX (CRM Small Cap Value Fund) are both mutual funds - CRIHX is a Long-Short fund managed by CRM, while CRMSX is a Small Cap Blend Equities fund managed by CRM. Over the past 5 years, CRIHX returned 5.80%/yr vs 6.42%/yr for CRMSX. A 0.74 correlation means they provide meaningful diversification when combined. CRIHX charges 1.60%/yr vs 1.17%/yr for CRMSX.

Performance

CRIHX vs. CRMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CRM Long/Short Opportunities Fund (CRIHX) and CRM Small Cap Value Fund (CRMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRIHX achieves a 10.40% return, which is significantly lower than CRMSX's 14.32% return.

CRIHX

• 1D: -0.92%
• 1M: 5.10%
• YTD: 10.40%
• 6M: 10.49%
• 1Y: 18.13%
• 3Y*: 9.17%
• 5Y*: 5.80%
• 10Y*: —

CRMSX

• 1D: -1.48%
• 1M: 4.88%
• YTD: 14.32%
• 6M: 14.23%
• 1Y: 29.60%
• 3Y*: 15.21%
• 5Y*: 6.42%
• 10Y*: 8.71%

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

CRIHX vs. CRMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRIHX CRM Long/Short Opportunities Fund	10.40%	-1.55%	17.72%	6.06%	-4.24%	5.91%	20.44%	12.95%	-8.43%	4.49%
CRMSX CRM Small Cap Value Fund	14.32%	2.61%	17.86%	9.71%	-6.05%	16.50%	-3.28%	25.82%	-15.48%	14.13%

Correlation

The correlation between CRIHX and CRMSX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Aug 23, 2016	0.74

The correlation between CRIHX and CRMSX shifts across timeframes, from 0.74 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CRIHX vs. CRMSX — Risk / Return Rank

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

CRIHX

CRIHX Risk / Return Rank: 25
CRIHX Sharpe Ratio Rank: 23
CRIHX Sortino Ratio Rank: 25
CRIHX Omega Ratio Rank: 23
CRIHX Calmar Ratio Rank: 30
CRIHX Martin Ratio Rank: 26

CRMSX

CRMSX Risk / Return Rank: 31
CRMSX Sharpe Ratio Rank: 29
CRMSX Sortino Ratio Rank: 31
CRMSX Omega Ratio Rank: 27
CRMSX Calmar Ratio Rank: 35
CRMSX Martin Ratio Rank: 34

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.

CRIHX vs. CRMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CRM Long/Short Opportunities Fund (CRIHX) and CRM Small Cap Value Fund (CRMSX). 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.

	CRIHX	CRMSX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.53	-0.18
Sortino ratio: Return per unit of downside risk	2.08	2.26	-0.18
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	2.00	2.18	-0.19
Martin ratio: Return relative to average drawdown	6.10	7.47	-1.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRIHX vs. CRMSX - Sharpe Ratio Comparison

The current CRIHX Sharpe Ratio is 1.35, which is comparable to the CRMSX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of CRIHX and CRMSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRIHX	CRMSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.53	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.32	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.46	+0.08

Drawdowns

CRIHX vs. CRMSX - Drawdown Comparison

The maximum CRIHX drawdown since its inception was -21.33%, smaller than the maximum CRMSX drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for CRIHX and CRMSX.

Drawdown Indicators

	CRIHX	CRMSX	Difference
Max Drawdown Largest peak-to-trough decline	-21.33%	-55.09%	+33.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	-13.29%	+4.22%
Max Drawdown (3Y) Largest decline over 3 years	-15.87%	-26.73%	+10.86%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-26.73%	+10.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.66%	—
Current Drawdown Current decline from peak	-0.92%	-1.48%	+0.56%
Average Drawdown Average peak-to-trough decline	-4.13%	-10.07%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	3.88%	-0.92%

Volatility

CRIHX vs. CRMSX - Volatility Comparison

CRM Long/Short Opportunities Fund (CRIHX) and CRM Small Cap Value Fund (CRMSX) have volatilities of 5.84% and 6.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRIHX	CRMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	6.07%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	13.97%	-4.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	19.02%	-5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.23%	20.29%	-9.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.13%	22.80%	-11.67%

CRIHX vs. CRMSX - Expense Ratio Comparison

CRIHX has a 1.60% expense ratio, which is higher than CRMSX's 1.17% expense ratio.

Dividends

CRIHX vs. CRMSX - Dividend Comparison

CRIHX has not paid dividends to shareholders, while CRMSX's dividend yield for the trailing twelve months is around 9.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRIHX CRM Long/Short Opportunities Fund	0.00%	0.00%	8.11%	2.32%	1.55%	0.75%	8.83%	0.03%	1.75%	0.24%	0.00%	0.00%
CRMSX CRM Small Cap Value Fund	9.37%	10.71%	10.29%	4.44%	16.87%	12.53%	0.46%	7.17%	12.30%	16.69%	7.54%	23.38%

Frequently Asked Questions

Can I hold both CRIHX and CRMSX in my portfolio?

CRIHX and CRMSX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRIHX or CRMSX?

CRMSX has higher volatility (6.07%) compared to CRIHX (5.84%). In terms of maximum drawdown, CRIHX dropped -21.33% vs CRMSX's -55.09%.

Which has better risk-adjusted returns?

CRMSX currently has the higher Sharpe Ratio (1.53 vs 1.35), 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.