LMIYX vs. HRSMX

Last updated Jun 26, 2026

LMIYX (Lord Abbett Micro Cap Growth Fund) and HRSMX (Hood River Small-Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, LMIYX returned 21.78%/yr vs 20.67%/yr for HRSMX. Their correlation of 0.90 suggests significant overlap in exposure. LMIYX charges 1.12%/yr vs 1.09%/yr for HRSMX.

Performance

LMIYX vs. HRSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Micro Cap Growth Fund (LMIYX) and Hood River Small-Cap Growth Fund (HRSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMIYX achieves a 29.81% return, which is significantly lower than HRSMX's 33.65% return. Over the past 10 years, LMIYX has outperformed HRSMX with an annualized return of 21.78%, while HRSMX has yielded a comparatively lower 20.67% annualized return.

LMIYX

• 1D: -0.22%
• 1M: 3.15%
• YTD: 29.81%
• 6M: 25.50%
• 1Y: 56.00%
• 3Y*: 21.24%
• 5Y*: 10.14%
• 10Y*: 21.78%

HRSMX

• 1D: -1.11%
• 1M: -1.52%
• YTD: 33.65%
• 6M: 30.02%
• 1Y: 70.65%
• 3Y*: 34.93%
• 5Y*: 14.81%
• 10Y*: 20.67%

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

LMIYX vs. HRSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMIYX Lord Abbett Micro Cap Growth Fund	29.81%	11.02%	27.28%	6.14%	-29.10%	32.54%	79.45%	34.34%	2.19%	38.54%
HRSMX Hood River Small-Cap Growth Fund	33.65%	23.85%	35.48%	21.52%	-27.99%	23.19%	60.80%	24.13%	-6.91%	20.60%

Correlation

The correlation between LMIYX and HRSMX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 6, 2003	0.90

The correlation between LMIYX and HRSMX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

LMIYX vs. HRSMX — Risk / Return Rank

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

LMIYX

LMIYX Risk / Return Rank: 75
LMIYX Sharpe Ratio Rank: 71
LMIYX Sortino Ratio Rank: 62
LMIYX Omega Ratio Rank: 55
LMIYX Calmar Ratio Rank: 94
LMIYX Martin Ratio Rank: 92

HRSMX

HRSMX Risk / Return Rank: 86
HRSMX Sharpe Ratio Rank: 87
HRSMX Sortino Ratio Rank: 77
HRSMX Omega Ratio Rank: 72
HRSMX Calmar Ratio Rank: 96
HRSMX Martin Ratio Rank: 97

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.

LMIYX vs. HRSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Micro Cap Growth Fund (LMIYX) and Hood River Small-Cap Growth Fund (HRSMX). 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.

	LMIYX	HRSMX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.48	-0.48
Sortino ratio: Return per unit of downside risk	2.66	3.10	-0.44
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	4.65	5.59	-0.95
Martin ratio: Return relative to average drawdown	15.93	22.45	-6.52

LMIYX vs. HRSMX - Sharpe Ratio Comparison

The current LMIYX Sharpe Ratio is 2.01, which is comparable to the HRSMX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of LMIYX and HRSMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LMIYX vs. HRSMX - Drawdown Comparison

The maximum LMIYX drawdown since its inception was -61.35%, smaller than the maximum HRSMX drawdown of -64.92%. Use the drawdown chart below to compare losses from any high point for LMIYX and HRSMX.

Drawdown Indicators

	LMIYX	HRSMX	Difference
Max Drawdown Largest peak-to-trough decline	-61.35%	-64.92%	+3.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-12.29%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-31.16%	-33.04%	+1.88%
Max Drawdown (5Y) Largest decline over 5 years	-42.86%	-38.49%	-4.37%
Max Drawdown (10Y) Largest decline over 10 years	-43.37%	-40.74%	-2.63%
Current Drawdown Current decline from peak	-1.72%	-3.07%	+1.35%
Average Drawdown Average peak-to-trough decline	-18.27%	-13.04%	-5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	3.06%	+0.37%

Volatility

LMIYX vs. HRSMX - Volatility Comparison

Lord Abbett Micro Cap Growth Fund (LMIYX) has a higher volatility of 9.97% compared to Hood River Small-Cap Growth Fund (HRSMX) at 9.06%. This indicates that LMIYX's price experiences larger fluctuations and is considered to be riskier than HRSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMIYX	HRSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.97%	9.06%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	21.68%	22.02%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	27.38%	27.72%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.38%	27.49%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.12%	26.06%	+3.06%

LMIYX vs. HRSMX - Expense Ratio Comparison

LMIYX has a 1.12% expense ratio, which is higher than HRSMX's 1.09% expense ratio.

Dividends

LMIYX vs. HRSMX - Dividend Comparison

LMIYX's dividend yield for the trailing twelve months is around 0.01%, less than HRSMX's 3.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRSMX Hood River Small-Cap Growth Fund	3.16%	4.23%	3.75%	0.00%	0.00%	19.96%	6.28%	0.00%	4.59%	6.74%	0.00%	5.73%
LMIYX Lord Abbett Micro Cap Growth Fund	0.01%	0.01%	0.00%	0.00%	0.00%	22.32%	23.16%	15.30%	37.13%	15.17%	0.00%	21.83%

Frequently Asked Questions

Can I hold both LMIYX and HRSMX in my portfolio?

With a correlation of 0.91, LMIYX and HRSMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LMIYX or HRSMX?

LMIYX has higher volatility (9.97%) compared to HRSMX (9.06%). In terms of maximum drawdown, LMIYX dropped -61.35% vs HRSMX's -64.92%.

Which has better risk-adjusted returns?

HRSMX currently has the higher Sharpe Ratio (2.48 vs 2.01), 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.