- ISIN
- US2070197049
- CUSIP
- 207019704
- Inception Date
- Aug 14, 2014
- Region
- North America (U.S.)
- Category
- Small Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Min. Investment
- $250,000
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
CCALX Performance Chart
Conestoga Small Cap Fund Institutional Class (CCALX) is up 1.8% since the beginning of the year. CCALX is currently trading at $68 per share. Investors who bought $1,000 worth of CCALX shares 5 years ago would now be looking at an investment worth $985.
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Returns By Period
Conestoga Small Cap Fund Institutional Class (CCALX) has returned 1.83% so far this year and -2.89% over the past 12 months. Over the last ten years, CCALX has returned 9.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Conestoga Small Cap Fund Institutional Class
- 1D
- -0.17%
- 1M
- 2.50%
- YTD
- 1.83%
- 6M
- 0.26%
- 1Y
- -2.89%
- 3Y*
- 2.24%
- 5Y*
- -0.30%
- 10Y*
- 9.37%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
CCALX Monthly Returns History
Based on dividend-adjusted daily data since Aug 14, 2014, CCALX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2024 with a return of +13.0%, while the worst month was Mar 2020 at -14.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CCALX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +8.9%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.65% | 0.95% | -8.07% | 5.66% | 1.37% | 0.78% | 1.83% | ||||||
| 2025 | 1.67% | -7.30% | -6.53% | 0.13% | 5.19% | -0.52% | -0.95% | 2.66% | -3.10% | 0.57% | -0.48% | -2.04% | -10.83% |
| 2024 | -3.26% | 4.69% | 2.31% | -6.36% | 1.50% | -0.74% | 8.16% | 0.56% | 0.92% | -3.16% | 12.97% | -7.17% | 8.96% |
| 2023 | 10.95% | -0.58% | 1.97% | -1.42% | -1.27% | 7.73% | 1.18% | -2.03% | -5.79% | -6.75% | 8.12% | 10.18% | 22.36% |
| 2022 | -13.86% | -1.88% | 0.23% | -11.48% | -2.49% | -2.96% | 8.61% | -4.05% | -8.11% | 7.43% | 4.48% | -5.83% | -28.16% |
| 2021 | 0.89% | 4.27% | -2.11% | 4.73% | -4.47% | 3.39% | 2.85% | 2.84% | -1.66% | 5.37% | -1.70% | 1.29% | 16.25% |
Benchmark Metrics
Conestoga Small Cap Fund Institutional Class has an annualized alpha of -2.15%, beta of 1.00, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since August 15, 2014.
- This fund participated in 104.84% of S&P 500 Index downside but only 91.68% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.15% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.00 and R2 of 0.71, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.15%
- Beta
- 1.00
- R²
- 0.71
- Upside Capture
- 91.68%
- Downside Capture
- 104.84%
Expense Ratio
CCALX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CCALX ranks 2 for risk / return — in the bottom 2% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Conestoga Small Cap Fund Institutional Class (CCALX) and compare them to S&P 500 Index.
| CCALX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.41 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.93 | -3.13 |
| Martin ratioReturn relative to average drawdown | -0.53 | 13.52 | -14.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Conestoga Small Cap Fund Institutional Class provided a 5.33% dividend yield over the last twelve months, with an annual payout of $3.65 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.65 | $3.65 | $0.00 | $0.61 | $2.43 | $4.50 | $0.00 | $1.27 | $0.71 | $2.76 | $0.48 | $0.67 |
Dividend yield | 5.33% | 5.43% | 0.00% | 0.84% | 4.04% | 5.18% | 0.00% | 2.11% | 1.45% | 5.59% | 1.18% | 1.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Conestoga Small Cap Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.65 | $3.65 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.43 | $2.43 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.50 | $4.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Conestoga Small Cap Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Conestoga Small Cap Fund Institutional Class was 38.06%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current Conestoga Small Cap Fund Institutional Class drawdown is 17.54%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -38.06%Jun 2022 | 7mo 8d | — | 4y 6moNov 2021 - now |
COVID crash2020 | -32.18%Mar 2020 | 1mo 2d | 4mo 8d | 5mo 10dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -26.07%Dec 2018 | 3mo 8d | 12mo 1d | 1y 3moSep 2018 - Dec 2019 |
2016 bear market2016 | -20.42%Feb 2016 | 2mo 11d | 5mo 1d | 7mo 12dDec 2015 - Jul 2016 |
2015 correction2015 | -12.37%Sep 2015 | 2mo 8d | 1mo 27d | 4mo 5dJul 2015 - Nov 2015 |
Drawdown Indicators
| CCALX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.06% | -56.78% | +18.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -9.10% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -27.69% | -18.90% | -8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -38.06% | -25.43% | -12.63% |
Max Drawdown (10Y)Largest decline over 10 years | -38.06% | -33.92% | -4.14% |
Current DrawdownCurrent decline from peak | -17.54% | -0.74% | -16.80% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -10.72% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 1.97% | +3.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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