DMAGX vs. DEVDX

Last updated Jun 24, 2026

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

Performance

DMAGX vs. DEVDX - Performance Comparison

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

Returns By Period

DMAGX

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

DEVDX

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

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

DMAGX vs. DEVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Correlation

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

Return for Risk

DMAGX vs. DEVDX — Risk / Return Rank

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

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

DEVDX

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

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.

DMAGX vs. DEVDX - Risk-Adjusted Trends Comparison

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

	DMAGX	DEVDX	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

	DMAGX	DEVDX	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

	DMAGX	DEVDX	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%	—	—

DMAGX vs. DEVDX - Expense Ratio Comparison

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

Dividends

DMAGX vs. DEVDX - Dividend Comparison

DMAGX's dividend yield for the trailing twelve months is around 11.54%, less than DEVDX's 16.48% 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 DMAGX and DEVDX in my portfolio?

DMAGX and DEVDX 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.