DMCRX vs. TCMSX

Last updated Apr 1, 2026

Compare and contrast key facts about Driehaus Micro Cap Growth Fund (DMCRX) and Voya Small Cap Growth Fund (TCMSX).

DMCRX is managed by Driehaus. It was launched on Nov 18, 2013. TCMSX is managed by TCM Funds. It was launched on Oct 1, 2004.

Performance

DMCRX vs. TCMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Driehaus Micro Cap Growth Fund (DMCRX) and Voya Small Cap Growth Fund (TCMSX). The values are adjusted to include any dividend payments, if applicable.

DMCRX vs. TCMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DMCRX Driehaus Micro Cap Growth Fund	-3.06%	31.17%	30.58%	11.47%	-33.54%	22.23%	86.43%	34.03%	2.52%	24.35%
TCMSX Voya Small Cap Growth Fund	-7.95%	14.32%	18.46%	20.32%	-23.60%	18.45%	27.99%	33.27%	-6.04%	24.78%

Returns By Period

In the year-to-date period, DMCRX achieves a -3.06% return, which is significantly higher than TCMSX's -7.95% return. Over the past 10 years, DMCRX has outperformed TCMSX with an annualized return of 19.96%, while TCMSX has yielded a comparatively lower 12.47% annualized return.

DMCRX

• 1D: -3.72%
• 1M: -10.28%
• YTD: -3.06%
• 6M: 5.92%
• 1Y: 55.58%
• 3Y*: 22.06%
• 5Y*: 5.94%
• 10Y*: 19.96%

TCMSX

• 1D: -2.51%
• 1M: -12.47%
• YTD: -7.95%
• 6M: -3.62%
• 1Y: 18.47%
• 3Y*: 12.07%
• 5Y*: 4.66%
• 10Y*: 12.47%

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

DMCRX vs. TCMSX - Expense Ratio Comparison

DMCRX has a 1.38% expense ratio, which is higher than TCMSX's 0.93% expense ratio.

DMCRX

Driehaus Micro Cap Growth Fund

TCMSX

Voya Small Cap Growth Fund

Return for Risk

DMCRX vs. TCMSX — Risk / Return Rank

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

DMCRX

DMCRX Risk / Return Rank: 86
DMCRX Sharpe Ratio Rank: 87
DMCRX Sortino Ratio Rank: 86
DMCRX Omega Ratio Rank: 77
DMCRX Calmar Ratio Rank: 93
DMCRX Martin Ratio Rank: 89

TCMSX

TCMSX Risk / Return Rank: 19
TCMSX Sharpe Ratio Rank: 26
TCMSX Sortino Ratio Rank: 29
TCMSX Omega Ratio Rank: 25
TCMSX Calmar Ratio Rank: 9
TCMSX Martin Ratio Rank: 8

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. TCMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Driehaus Micro Cap Growth Fund (DMCRX) and Voya Small Cap Growth Fund (TCMSX). 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	TCMSX	Difference
Sharpe ratio Return per unit of total volatility	1.73	0.62	+1.11
Sortino ratio Return per unit of downside risk	2.26	1.05	+1.21
Omega ratio Gain probability vs. loss probability	1.29	1.14	+0.15
Calmar ratio Return relative to maximum drawdown	2.97	0.14	+2.84
Martin ratio Return relative to average drawdown	9.91	0.40	+9.52
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. TCMSX - Sharpe Ratio Comparison

The current DMCRX Sharpe Ratio is 1.73, which is higher than the TCMSX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of DMCRX and TCMSX, 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	TCMSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	0.62	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.20	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.54	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.44	+0.08

Correlation

The correlation between DMCRX and TCMSX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DMCRX vs. TCMSX - Dividend Comparison

DMCRX's dividend yield for the trailing twelve months is around 14.15%, more than TCMSX's 6.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DMCRX Driehaus Micro Cap Growth Fund	14.15%	13.72%	3.86%	0.87%	8.20%	48.23%	19.79%	14.70%	33.22%	8.91%	0.00%	4.20%
TCMSX Voya Small Cap Growth Fund	6.05%	5.57%	10.53%	0.00%	0.00%	20.02%	6.69%	1.40%	14.82%	16.10%	0.00%	16.82%

Drawdowns

DMCRX vs. TCMSX - Drawdown Comparison

The maximum DMCRX drawdown since its inception was -59.16%, which is greater than TCMSX's maximum drawdown of -55.98%. Use the drawdown chart below to compare losses from any high point for DMCRX and TCMSX.

Drawdown Indicators

	DMCRX	TCMSX	Difference
Max Drawdown Largest peak-to-trough decline	-59.16%	-55.98%	-3.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.46%	-16.86%	+1.40%
Max Drawdown (5Y) Largest decline over 5 years	-59.16%	-34.60%	-24.56%
Max Drawdown (10Y) Largest decline over 10 years	-59.16%	-39.29%	-19.87%
Current Drawdown Current decline from peak	-15.41%	-16.86%	+1.45%
Average Drawdown Average peak-to-trough decline	-20.35%	-11.84%	-8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	8.44%	-3.59%

Volatility

DMCRX vs. TCMSX - Volatility Comparison

Driehaus Micro Cap Growth Fund (DMCRX) has a higher volatility of 11.21% compared to Voya Small Cap Growth Fund (TCMSX) at 8.89%. This indicates that DMCRX's price experiences larger fluctuations and is considered to be riskier than TCMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMCRX	TCMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	8.89%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	22.57%	16.86%	+5.71%
Volatility (1Y) Calculated over the trailing 1-year period	31.03%	28.47%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.50%	24.06%	+15.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.84%	23.42%	+10.42%