DEVDX vs. DMAGX

Last updated Jun 24, 2026

DEVDX (Driehaus Event Driven Fund) and DMAGX (Driehaus Emerging Markets Opportunities Fund) are both mutual funds - DEVDX is a Event Driven fund managed by Driehaus, while DMAGX is a Emerging Markets Diversified fund managed by Driehaus. At a 0.44 correlation, their price movements are largely independent. DEVDX charges 1.66%/yr vs 0.99%/yr for DMAGX.

Performance

DEVDX vs. DMAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Driehaus Event Driven Fund (DEVDX) and Driehaus Emerging Markets Opportunities Fund (DMAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DEVDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMAGX

• 1D: 0.15%
• 1M: 3.79%
• YTD: 21.30%
• 6M: 20.23%
• 1Y: 36.96%
• 3Y*: 26.99%
• 5Y*: 11.12%
• 10Y*: —

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

DEVDX vs. DMAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEVDX Driehaus Event Driven Fund	-1.35%	5.99%	3.06%	9.59%	-9.99%	7.24%	24.78%	20.49%	-4.06%	2.76%
DMAGX Driehaus Emerging Markets Opportunities Fund	21.30%	22.77%	26.16%	19.48%	-18.85%	-1.84%	30.20%	21.64%	-13.22%	21.16%

Correlation

The correlation between DEVDX and DMAGX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Apr 7, 2017	0.44

The correlation between DEVDX and DMAGX shifts across timeframes, from 0.28 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DEVDX vs. DMAGX — Risk / Return Rank

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

DEVDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DMAGX

DMAGX Risk / Return Rank: 79
DMAGX Sharpe Ratio Rank: 79
DMAGX Sortino Ratio Rank: 71
DMAGX Omega Ratio Rank: 73
DMAGX Calmar Ratio Rank: 84
DMAGX Martin Ratio Rank: 86

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.

DEVDX vs. DMAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Driehaus Event Driven Fund (DEVDX) and Driehaus Emerging Markets Opportunities Fund (DMAGX). 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.

	DEVDX	DMAGX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.40	—
Sortino ratio: Return per unit of downside risk	—	3.20	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	3.77	—
Martin ratio: Return relative to average drawdown	—	15.02	—

Drawdowns

Drawdown Indicators

	DEVDX	DMAGX	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.21%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.38%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-9.77%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.55%	—

Volatility

Volatility by Period

	DEVDX	DMAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.02%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.39%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.56%	—

DEVDX vs. DMAGX - Expense Ratio Comparison

DEVDX has a 1.66% expense ratio, which is higher than DMAGX's 0.99% expense ratio.

Dividends

DEVDX vs. DMAGX - Dividend Comparison

DEVDX's dividend yield for the trailing twelve months is around 16.48%, more than DMAGX's 11.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEVDX Driehaus Event Driven Fund	16.48%	14.24%	1.35%	4.48%	1.49%	12.11%	3.48%	4.09%	3.57%	0.00%	1.20%	0.66%
DMAGX Driehaus Emerging Markets Opportunities Fund	11.54%	13.99%	8.34%	1.45%	2.08%	4.57%	2.34%	1.15%	0.84%	4.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEVDX and DMAGX in my portfolio?

DEVDX and DMAGX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.