MSMLX vs. DRESX
Compare and contrast key facts about Matthews Emerging Markets Small Companies Fund (MSMLX) and Driehaus Emerging Markets Small Cap Growth Fund (DRESX).
MSMLX is managed by Matthews. It was launched on Sep 14, 2008. DRESX is managed by Driehaus. It was launched on Aug 21, 2011.
Performance
MSMLX vs. DRESX - Performance Comparison
Loading graphics...
MSMLX vs. DRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSMLX Matthews Emerging Markets Small Companies Fund | -0.43% | 13.50% | -6.10% | 20.04% | -16.78% | 26.40% | 43.69% | 17.38% | -17.80% | 30.43% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 4.87% | 24.08% | 14.86% | 10.30% | -21.17% | 15.93% | 33.56% | 33.70% | -24.00% | 33.30% |
Returns By Period
In the year-to-date period, MSMLX achieves a -0.43% return, which is significantly lower than DRESX's 4.87% return. Over the past 10 years, MSMLX has underperformed DRESX with an annualized return of 9.25%, while DRESX has yielded a comparatively higher 9.96% annualized return.
MSMLX
- 1D
- -1.87%
- 1M
- -12.08%
- YTD
- -0.43%
- 6M
- -1.97%
- 1Y
- 15.42%
- 3Y*
- 6.49%
- 5Y*
- 5.95%
- 10Y*
- 9.25%
DRESX
- 1D
- -0.83%
- 1M
- -9.63%
- YTD
- 4.87%
- 6M
- 9.22%
- 1Y
- 36.60%
- 3Y*
- 16.63%
- 5Y*
- 8.16%
- 10Y*
- 9.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MSMLX vs. DRESX - Expense Ratio Comparison
MSMLX has a 1.37% expense ratio, which is higher than DRESX's 1.24% expense ratio.
Return for Risk
MSMLX vs. DRESX — Risk / Return Rank
MSMLX
DRESX
MSMLX vs. DRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Small Companies Fund (MSMLX) and Driehaus Emerging Markets Small Cap Growth Fund (DRESX). 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.
| MSMLX | DRESX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 2.39 | -1.55 |
Sortino ratioReturn per unit of downside risk | 1.20 | 3.15 | -1.95 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.44 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.42 | -2.55 |
Martin ratioReturn relative to average drawdown | 2.85 | 12.23 | -9.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MSMLX | DRESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 2.39 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.57 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.64 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.53 | +0.05 |
Correlation
The correlation between MSMLX and DRESX is 0.77, 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
MSMLX vs. DRESX - Dividend Comparison
MSMLX's dividend yield for the trailing twelve months is around 1.50%, less than DRESX's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSMLX Matthews Emerging Markets Small Companies Fund | 1.50% | 1.50% | 3.95% | 8.36% | 8.04% | 9.18% | 0.28% | 0.51% | 21.31% | 8.12% | 0.43% | 0.13% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 2.14% | 2.25% | 0.68% | 1.09% | 0.00% | 0.04% | 0.65% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MSMLX vs. DRESX - Drawdown Comparison
The maximum MSMLX drawdown since its inception was -36.40%, which is greater than DRESX's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for MSMLX and DRESX.
Loading graphics...
Drawdown Indicators
| MSMLX | DRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.40% | -33.38% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -10.16% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -28.00% | -25.88% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -33.38% | -0.95% |
Current DrawdownCurrent decline from peak | -12.89% | -10.16% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -9.99% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.84% | +1.09% |
Volatility
MSMLX vs. DRESX - Volatility Comparison
Matthews Emerging Markets Small Companies Fund (MSMLX) has a higher volatility of 8.16% compared to Driehaus Emerging Markets Small Cap Growth Fund (DRESX) at 6.63%. This indicates that MSMLX's price experiences larger fluctuations and is considered to be riskier than DRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MSMLX | DRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 6.63% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 11.15% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 15.26% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 14.42% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 15.67% | +1.16% |