DMCRX vs. PFFV

Last updated Apr 2, 2026

Compare and contrast key facts about Driehaus Micro Cap Growth Fund (DMCRX) and Global X Variable Rate Preferred ETF (PFFV).

DMCRX is managed by Driehaus. It was launched on Nov 18, 2013. PFFV is a passively managed fund by Global X that tracks the performance of the ICE U.S. Variable Rate Preferred Securities Index. It was launched on Jun 22, 2020.

Performance

DMCRX vs. PFFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Driehaus Micro Cap Growth Fund (DMCRX) and Global X Variable Rate Preferred ETF (PFFV). The values are adjusted to include any dividend payments, if applicable.

DMCRX vs. PFFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DMCRX Driehaus Micro Cap Growth Fund	2.25%	31.17%	30.58%	11.47%	-33.54%	22.23%	63.13%
PFFV Global X Variable Rate Preferred ETF	-0.11%	2.08%	9.45%	10.64%	-13.81%	6.35%	13.36%

Returns By Period

In the year-to-date period, DMCRX achieves a 2.25% return, which is significantly higher than PFFV's -0.11% return.

DMCRX

• 1D: 5.47%
• 1M: -7.35%
• YTD: 2.25%
• 6M: 10.59%
• 1Y: 65.25%
• 3Y*: 24.24%
• 5Y*: 6.42%
• 10Y*: 20.60%

PFFV

• 1D: 0.47%
• 1M: -2.18%
• YTD: -0.11%
• 6M: -1.41%
• 1Y: 0.93%
• 3Y*: 6.36%
• 5Y*: 2.10%
• 10Y*: —

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

DMCRX vs. PFFV - Expense Ratio Comparison

DMCRX has a 1.38% expense ratio, which is higher than PFFV's 0.25% expense ratio.

DMCRX

Driehaus Micro Cap Growth Fund

PFFV

Global X Variable Rate Preferred ETF

Return for Risk

DMCRX vs. PFFV — Risk / Return Rank

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

DMCRX

DMCRX Risk / Return Rank: 91
DMCRX Sharpe Ratio Rank: 92
DMCRX Sortino Ratio Rank: 90
DMCRX Omega Ratio Rank: 82
DMCRX Calmar Ratio Rank: 96
DMCRX Martin Ratio Rank: 94

PFFV

PFFV Risk / Return Rank: 14
PFFV Sharpe Ratio Rank: 15
PFFV Sortino Ratio Rank: 13
PFFV Omega Ratio Rank: 14
PFFV Calmar Ratio Rank: 14
PFFV Martin Ratio Rank: 14

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.

DMCRX vs. PFFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Driehaus Micro Cap Growth Fund (DMCRX) and Global X Variable Rate Preferred ETF (PFFV). 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.

	DMCRX	PFFV	Difference
Sharpe ratio Return per unit of total volatility	2.06	0.17	+1.90
Sortino ratio Return per unit of downside risk	2.60	0.26	+2.35
Omega ratio Gain probability vs. loss probability	1.34	1.04	+0.30
Calmar ratio Return relative to maximum drawdown	3.73	0.09	+3.63
Martin ratio Return relative to average drawdown	12.46	0.29	+12.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DMCRX vs. PFFV - Sharpe Ratio Comparison

The current DMCRX Sharpe Ratio is 2.06, which is higher than the PFFV Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of DMCRX and PFFV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DMCRX	PFFV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	0.17	+1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.24	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.50	+0.03

Correlation

The correlation between DMCRX and PFFV is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DMCRX vs. PFFV - Dividend Comparison

DMCRX's dividend yield for the trailing twelve months is around 13.42%, more than PFFV's 8.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DMCRX Driehaus Micro Cap Growth Fund	13.42%	13.72%	3.86%	0.87%	8.20%	48.23%	19.79%	14.70%	33.22%	8.91%	0.00%	4.20%
PFFV Global X Variable Rate Preferred ETF	8.33%	8.26%	7.33%	7.17%	6.60%	5.23%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DMCRX vs. PFFV - Drawdown Comparison

The maximum DMCRX drawdown since its inception was -59.16%, which is greater than PFFV's maximum drawdown of -18.96%. Use the drawdown chart below to compare losses from any high point for DMCRX and PFFV.

Drawdown Indicators

	DMCRX	PFFV	Difference
Max Drawdown Largest peak-to-trough decline	-59.16%	-18.96%	-40.20%
Max Drawdown (1Y) Largest decline over 1 year	-15.46%	-4.35%	-11.11%
Max Drawdown (5Y) Largest decline over 5 years	-59.16%	-18.96%	-40.20%
Max Drawdown (10Y) Largest decline over 10 years	-59.16%	—	—
Current Drawdown Current decline from peak	-10.79%	-2.77%	-8.02%
Average Drawdown Average peak-to-trough decline	-20.35%	-4.29%	-16.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	1.40%	+3.22%

Volatility

DMCRX vs. PFFV - Volatility Comparison

Driehaus Micro Cap Growth Fund (DMCRX) has a higher volatility of 12.40% compared to Global X Variable Rate Preferred ETF (PFFV) at 1.59%. This indicates that DMCRX's price experiences larger fluctuations and is considered to be riskier than PFFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMCRX	PFFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.40%	1.59%	+10.81%
Volatility (6M) Calculated over the trailing 6-month period	23.15%	2.93%	+20.22%
Volatility (1Y) Calculated over the trailing 1-year period	31.42%	5.64%	+25.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.55%	8.85%	+30.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.88%	8.79%	+25.09%