ADKSX Performance — The Adirondack Small Cap Fund
Data updated: 2026-07-29
ADKSX returned +1.73% year to date and +22.07% over one year to Mar 2026. Annualised returns are +15.87% over 3 years and +11.20% over 5 years. The fund beat its US Small Value category average: $100 invested three years ago grew to $156, against $137 for the category, and to $122 over one year, against $118. Volatility over the past three years was 16.71% a year. In the 12 months to Mar 2026 the fund took in a net $6.2M, and assets reached $50.01M.
ADKSX Growth of $100
What $100 invested in The Adirondack Small Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | ADKSX | Category average |
|---|---|---|
| 1 year (Apr 2025 – Mar 2026) | $122 | $118 |
| 3 years (Apr 2023 – Mar 2026) | $156 | $137 |
| 5 years (Apr 2021 – Mar 2026) | $170 | $135 |
| Since data start (Jan 2020 – Mar 2026) | $211 | $172 |
ADKSX Trailing Returns
Total returns to Mar 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.73% |
| 1 year | +22.07% |
| 3 years (annualised) | +15.87% |
| 5 years (annualised) | +11.20% |
ADKSX Annual Returns
Calendar-year total returns of The Adirondack Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Mar) | +1.73% |
| 2025 | +12.69% |
| 2024 | +19.55% |
| 2023 | +16.61% |
| 2022 | −1.39% |
| 2021 | +27.07% |
| 2020 | +5.29% |
ADKSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.3% | +1.8% | −5.1% | — | — | — | — | — | — | — | — | — |
| 2025 | +0.9% | −3.0% | −4.1% | −4.7% | +4.0% | +5.3% | +2.0% | +7.7% | +1.1% | −0.2% | +3.0% | +0.8% |
| 2024 | −3.7% | +2.8% | +4.1% | −3.2% | +6.1% | −4.0% | +9.8% | −1.4% | +1.2% | −2.2% | +13.9% | −3.7% |
| 2023 | +10.2% | −1.3% | −5.5% | −2.3% | −2.9% | +6.7% | +6.8% | −1.6% | −2.7% | −4.5% | +5.2% | +9.2% |
| 2022 | −2.8% | +0.9% | +2.5% | −3.8% | +0.4% | −10.5% | +8.3% | −1.7% | −11.3% | +13.8% | +7.2% | −1.6% |
| 2021 | +4.5% | +5.9% | +6.4% | +2.9% | +4.7% | −1.0% | −2.1% | +2.5% | −2.5% | +4.3% | −5.5% | +4.9% |
| 2020 | −5.2% | −8.0% | −26.9% | +14.2% | +0.6% | +4.0% | +3.9% | +4.0% | −5.6% | +3.5% | +19.5% | +9.5% |
ADKSX Risk
Risk measures from monthly returns over Apr 2023 – Mar 2026.
- 3-year volatility (annualised): 16.71%
- 3-year Sharpe ratio: 0.68 (vs 4.5% risk-free rate)
- Best month: +13.85% (Nov 2024)
- Worst month: −5.08% (Mar 2026)
ADKSX Fund Flows
Monthly money in and out of The Adirondack Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: $6.2M
- 12-month gross sales (incl. reinvestments): $13.1M
- Sales ÷ redemptions: 1.89×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2026 | $699K | $849K | −$150K |
| Feb 2026 | $897K | $428K | $469K |
| Jan 2026 | $1.3M | $553K | $779K |
| Dec 2025 | $4.8M | $1.6M | $3.3M |
| Nov 2025 | $664K | $324K | $340K |
| Oct 2025 | $437K | $528K | −$92K |
| Sep 2025 | $828K | $554K | $274K |
| Aug 2025 | $625K | $261K | $365K |
| Jul 2025 | $247K | $481K | −$234K |
| Jun 2025 | $1.1M | $626K | $507K |
| May 2025 | $360K | $455K | −$95K |
| Apr 2025 | $1.0M | $297K | $749K |
ADKSX Assets Under Management
Net assets of The Adirondack Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-03-31 | $50.01M |
| 2025-12-31 | $48.11M |
| 2025-09-30 | $46.64M |
| 2025-06-30 | $41.61M |
| 2025-03-31 | $38.68M |
| 2024-12-31 | $41.12M |
| 2024-09-30 | $37.84M |
| 2024-06-30 | $34.89M |
| 2024-03-31 | $36.02M |
| 2023-12-31 | $36.06M |
| 2023-09-30 | $33.97M |
| 2023-06-30 | $34.15M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.