CRMSX vs. CRMEX

Last updated Jun 4, 2026

CRMSX (CRM Small Cap Value Fund) and CRMEX (CRM All Cap Value Fund) are both mutual funds - CRMSX is a Small Cap Blend Equities fund managed by CRM, while CRMEX is a Mid Cap Blend Equities fund managed by CRM. Over the past 10 years, CRMSX returned 8.87%/yr vs 10.16%/yr for CRMEX. Their correlation of 0.92 suggests significant overlap in exposure. CRMSX charges 1.17%/yr vs 1.34%/yr for CRMEX.

Performance

CRMSX vs. CRMEX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with CRMSX having a 16.04% return and CRMEX slightly higher at 16.69%. Over the past 10 years, CRMSX has underperformed CRMEX with an annualized return of 8.87%, while CRMEX has yielded a comparatively higher 10.16% annualized return.

CRMSX

• 1D: 2.21%
• 1M: 8.33%
• YTD: 16.04%
• 6M: 15.50%
• 1Y: 30.82%
• 3Y*: 15.78%
• 5Y*: 6.78%
• 10Y*: 8.87%

CRMEX

• 1D: 2.40%
• 1M: 5.46%
• YTD: 16.69%
• 6M: 18.57%
• 1Y: 39.53%
• 3Y*: 17.68%
• 5Y*: 7.98%
• 10Y*: 10.16%

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

CRMSX vs. CRMEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRMSX CRM Small Cap Value Fund	16.04%	2.61%	17.86%	9.71%	-6.05%	16.50%	-3.28%	25.82%	-15.48%	14.13%
CRMEX CRM All Cap Value Fund	16.69%	11.04%	15.55%	5.43%	-9.73%	21.44%	14.59%	22.36%	-13.87%	18.55%

Correlation

The correlation between CRMSX and CRMEX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 27, 2006	0.92

The correlation between CRMSX and CRMEX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

CRMSX vs. CRMEX — Risk / Return Rank

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

CRMSX

CRMSX Risk / Return Rank: 37
CRMSX Sharpe Ratio Rank: 35
CRMSX Sortino Ratio Rank: 36
CRMSX Omega Ratio Rank: 33
CRMSX Calmar Ratio Rank: 42
CRMSX Martin Ratio Rank: 39

CRMEX

CRMEX Risk / Return Rank: 59
CRMEX Sharpe Ratio Rank: 55
CRMEX Sortino Ratio Rank: 51
CRMEX Omega Ratio Rank: 48
CRMEX Calmar Ratio Rank: 76
CRMEX Martin Ratio Rank: 64

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.

CRMSX vs. CRMEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CRM Small Cap Value Fund (CRMSX) and CRM All Cap Value Fund (CRMEX). 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.

	CRMSX	CRMEX	Difference
Sharpe ratio Return per unit of total volatility	1.73	2.17	-0.44
Sortino ratio Return per unit of downside risk	2.52	3.02	-0.50
Omega ratio Gain probability vs. loss probability	1.30	1.38	-0.08
Calmar ratio Return relative to maximum drawdown	2.46	3.44	-0.97
Martin ratio Return relative to average drawdown	8.43	12.54	-4.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRMSX vs. CRMEX - Sharpe Ratio Comparison

The current CRMSX Sharpe Ratio is 1.73, which is comparable to the CRMEX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of CRMSX and CRMEX, 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

	CRMSX	CRMEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.17	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.39	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.50	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.37	+0.10

Drawdowns

CRMSX vs. CRMEX - Drawdown Comparison

The maximum CRMSX drawdown since its inception was -55.09%, roughly equal to the maximum CRMEX drawdown of -53.72%. Use the drawdown chart below to compare losses from any high point for CRMSX and CRMEX.

Drawdown Indicators

	CRMSX	CRMEX	Difference
Max Drawdown Largest peak-to-trough decline	-55.09%	-53.72%	-1.37%
Max Drawdown (1Y) Largest decline over 1 year	-13.29%	-12.20%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-26.73%	-25.73%	-1.00%
Max Drawdown (5Y) Largest decline over 5 years	-26.73%	-25.73%	-1.00%
Max Drawdown (10Y) Largest decline over 10 years	-47.66%	-42.66%	-5.00%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.07%	-9.06%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	3.34%	+0.54%

Volatility

CRMSX vs. CRMEX - Volatility Comparison

The current volatility for CRM Small Cap Value Fund (CRMSX) is 6.11%, while CRM All Cap Value Fund (CRMEX) has a volatility of 6.61%. This indicates that CRMSX experiences smaller price fluctuations and is considered to be less risky than CRMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRMSX	CRMEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	6.61%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	15.00%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	18.97%	19.33%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.28%	20.32%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.80%	20.57%	+2.23%

CRMSX vs. CRMEX - Expense Ratio Comparison

CRMSX has a 1.17% expense ratio, which is lower than CRMEX's 1.34% expense ratio.

Dividends

CRMSX vs. CRMEX - Dividend Comparison

CRMSX's dividend yield for the trailing twelve months is around 9.23%, more than CRMEX's 8.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRMEX CRM All Cap Value Fund	8.13%	9.49%	11.02%	1.92%	7.25%	22.91%	2.70%	6.13%	26.31%	16.83%	4.64%	29.97%
CRMSX CRM Small Cap Value Fund	9.23%	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 CRMSX and CRMEX in my portfolio?

With a correlation of 0.91, CRMSX and CRMEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CRMSX or CRMEX?

CRMEX has higher volatility (6.61%) compared to CRMSX (6.11%). In terms of maximum drawdown, CRMSX dropped -55.09% vs CRMEX's -53.72%.

Which has better risk-adjusted returns?

CRMEX currently has the higher Sharpe Ratio (2.17 vs 1.73), 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.