DFDMX vs. DFDSX

Last updated Jun 4, 2026

DFDMX (DF Dent Midcap Growth Fund) and DFDSX (DF Dent Small Cap Growth Fund) are both mutual funds - DFDMX is a Mid Cap Growth Equities fund managed by DF Dent Funds, while DFDSX is a Small Cap Growth Equities fund managed by DF Dent Funds. Over the past 10 years, DFDMX returned 8.88%/yr vs 9.05%/yr for DFDSX. Their correlation of 0.92 suggests significant overlap in exposure. DFDMX charges 0.85%/yr vs 1.05%/yr for DFDSX.

Performance

DFDMX vs. DFDSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DF Dent Midcap Growth Fund (DFDMX) and DF Dent Small Cap Growth Fund (DFDSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFDMX achieves a -9.39% return, which is significantly lower than DFDSX's -0.71% return. Both investments have delivered pretty close results over the past 10 years, with DFDMX having a 8.88% annualized return and DFDSX not far ahead at 9.05%.

DFDMX

• 1D: -0.86%
• 1M: 1.42%
• YTD: -9.39%
• 6M: -10.62%
• 1Y: -8.97%
• 3Y*: 4.17%
• 5Y*: -1.11%
• 10Y*: 8.88%

DFDSX

• 1D: -0.08%
• 1M: 3.50%
• YTD: -0.71%
• 6M: -1.91%
• 1Y: 0.60%
• 3Y*: 6.27%
• 5Y*: 0.24%
• 10Y*: 9.05%

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

DFDMX vs. DFDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFDMX DF Dent Midcap Growth Fund	-9.39%	0.49%	11.15%	22.91%	-30.52%	12.26%	30.43%	40.14%	-0.24%	31.22%
DFDSX DF Dent Small Cap Growth Fund	-0.71%	-3.25%	10.91%	22.27%	-30.31%	14.54%	34.68%	36.34%	-1.61%	15.58%

Correlation

The correlation between DFDMX and DFDSX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013	0.92

The correlation between DFDMX and DFDSX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

DFDMX vs. DFDSX — Risk / Return Rank

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

DFDMX

DFDMX Risk / Return Rank: 1
DFDMX Sharpe Ratio Rank: 1
DFDMX Sortino Ratio Rank: 1
DFDMX Omega Ratio Rank: 1
DFDMX Calmar Ratio Rank: 1
DFDMX Martin Ratio Rank: 1

DFDSX

DFDSX Risk / Return Rank: 3
DFDSX Sharpe Ratio Rank: 3
DFDSX Sortino Ratio Rank: 3
DFDSX Omega Ratio Rank: 3
DFDSX Calmar Ratio Rank: 3
DFDSX Martin Ratio Rank: 3

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.

DFDMX vs. DFDSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DF Dent Midcap Growth Fund (DFDMX) and DF Dent Small Cap Growth Fund (DFDSX). 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.

	DFDMX	DFDSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	0.13	-0.64
Sortino ratio: Return per unit of downside risk	-0.62	0.33	-0.95
Omega ratio: Gain probability vs. loss probability	0.93	1.04	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.36	0.14	-0.50
Martin ratio: Return relative to average drawdown	-0.76	0.35	-1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFDMX vs. DFDSX - Sharpe Ratio Comparison

The current DFDMX Sharpe Ratio is -0.51, which is lower than the DFDSX Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of DFDMX and DFDSX, 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

	DFDMX	DFDSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	0.13	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.01	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.42	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.40	+0.10

Drawdowns

DFDMX vs. DFDSX - Drawdown Comparison

The maximum DFDMX drawdown since its inception was -40.46%, which is greater than DFDSX's maximum drawdown of -37.88%. Use the drawdown chart below to compare losses from any high point for DFDMX and DFDSX.

Drawdown Indicators

	DFDMX	DFDSX	Difference
Max Drawdown Largest peak-to-trough decline	-40.46%	-37.88%	-2.58%
Max Drawdown (1Y) Largest decline over 1 year	-22.32%	-17.07%	-5.25%
Max Drawdown (3Y) Largest decline over 3 years	-22.32%	-24.53%	+2.21%
Max Drawdown (5Y) Largest decline over 5 years	-40.46%	-37.88%	-2.58%
Max Drawdown (10Y) Largest decline over 10 years	-40.46%	-37.88%	-2.58%
Current Drawdown Current decline from peak	-17.52%	-13.65%	-3.87%
Average Drawdown Average peak-to-trough decline	-8.06%	-10.02%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.48%	6.89%	+3.59%

Volatility

DFDMX vs. DFDSX - Volatility Comparison

DF Dent Midcap Growth Fund (DFDMX) has a higher volatility of 4.77% compared to DF Dent Small Cap Growth Fund (DFDSX) at 4.20%. This indicates that DFDMX's price experiences larger fluctuations and is considered to be riskier than DFDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFDMX	DFDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	4.20%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	12.70%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	17.79%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.81%	22.12%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	21.69%	-1.24%

DFDMX vs. DFDSX - Expense Ratio Comparison

DFDMX has a 0.85% expense ratio, which is lower than DFDSX's 1.05% expense ratio.

Dividends

DFDMX vs. DFDSX - Dividend Comparison

Neither DFDMX nor DFDSX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFDMX DF Dent Midcap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	2.79%	0.30%	0.87%	3.52%	0.30%	0.09%	3.21%
DFDSX DF Dent Small Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	2.29%	2.06%	1.46%	7.54%	0.00%	0.00%	0.99%

Frequently Asked Questions

Can I hold both DFDMX and DFDSX in my portfolio?

DFDMX and DFDSX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFDMX or DFDSX?

DFDMX has higher volatility (4.77%) compared to DFDSX (4.20%). In terms of maximum drawdown, DFDMX dropped -40.46% vs DFDSX's -37.88%.

Which has better risk-adjusted returns?

DFDSX currently has the higher Sharpe Ratio (0.13 vs -0.51), 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.