HRSMX vs. FGROX
Compare and contrast key facts about Hood River Small-Cap Growth Fund (HRSMX) and Emerald Growth Fund Institutional Class (FGROX).
HRSMX is managed by Hood River Capital Management. It was launched on Jan 2, 2003. FGROX is a passively managed fund by Emerald that tracks the performance of the Russell 2000 Growth Index. It was launched on Oct 21, 2008.
Performance
HRSMX vs. FGROX - Performance Comparison
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Returns By Period
In the year-to-date period, HRSMX achieves a 8.09% return, which is significantly higher than FGROX's 0.73% return. Over the past 10 years, HRSMX has outperformed FGROX with an annualized return of 17.95%, while FGROX has yielded a comparatively lower 13.43% annualized return.
HRSMX
- 1D
- 1.39%
- 1M
- -1.88%
- YTD
- 8.09%
- 6M
- 11.18%
- 1Y
- 77.73%
- 3Y*
- 27.64%
- 5Y*
- 11.47%
- 10Y*
- 17.95%
FGROX
- 1D
- 0.63%
- 1M
- -3.96%
- YTD
- 0.73%
- 6M
- 5.28%
- 1Y
- 68.85%
- 3Y*
- 22.14%
- 5Y*
- 7.08%
- 10Y*
- 13.43%
HRSMX vs. FGROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRSMX Hood River Small-Cap Growth Fund | 8.09% | 23.85% | 35.48% | 21.52% | -27.99% | 23.19% | 60.80% | 24.13% | -6.91% | 20.60% |
FGROX Emerald Growth Fund Institutional Class | 0.73% | 31.85% | 20.04% | 19.04% | -24.42% | 3.91% | 38.92% | 28.71% | -11.85% | 28.11% |
Correlation
The correlation between HRSMX and FGROX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
HRSMX vs. FGROX - Expense Ratio Comparison
HRSMX has a 1.09% expense ratio, which is higher than FGROX's 0.78% expense ratio.
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Return for Risk
HRSMX vs. FGROX — Risk / Return Rank
HRSMX
FGROX
HRSMX vs. FGROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hood River Small-Cap Growth Fund (HRSMX) and Emerald Growth Fund Institutional Class (FGROX). 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.
| HRSMX | FGROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.66 | +0.15 |
Sortino ratioReturn per unit of downside risk | 2.40 | 2.25 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.91 | 3.35 | +0.55 |
Martin ratioReturn relative to average drawdown | 15.45 | 12.87 | +2.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HRSMX | FGROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.66 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.28 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.54 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.46 | +0.07 |
Drawdowns
HRSMX vs. FGROX - Drawdown Comparison
The maximum HRSMX drawdown since its inception was -64.92%, which is greater than FGROX's maximum drawdown of -41.48%. Use the drawdown chart below to compare losses from any high point for HRSMX and FGROX.
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Drawdown Indicators
| HRSMX | FGROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.92% | -41.48% | -23.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -14.36% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -38.52% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.74% | -41.48% | +0.74% |
Current DrawdownCurrent decline from peak | -4.83% | -8.37% | +3.54% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -10.33% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 4.01% | -0.25% |
Volatility
HRSMX vs. FGROX - Volatility Comparison
Hood River Small-Cap Growth Fund (HRSMX) has a higher volatility of 12.06% compared to Emerald Growth Fund Institutional Class (FGROX) at 11.07%. This indicates that HRSMX's price experiences larger fluctuations and is considered to be riskier than FGROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRSMX | FGROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 11.07% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 20.15% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.19% | 29.18% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.17% | 25.35% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.82% | 25.03% | +0.79% |
Dividends
HRSMX vs. FGROX - Dividend Comparison
HRSMX's dividend yield for the trailing twelve months is around 3.91%, less than FGROX's 11.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRSMX Hood River Small-Cap Growth Fund | 3.91% | 4.23% | 3.75% | 0.00% | 0.00% | 19.96% | 6.28% | 0.00% | 4.59% | 6.74% | 0.00% | 5.73% |
FGROX Emerald Growth Fund Institutional Class | 11.31% | 11.39% | 13.92% | 5.91% | 8.13% | 17.87% | 8.04% | 1.38% | 11.36% | 0.00% | 0.00% | 0.00% |