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Conestoga Small Cap Fund Institutional Class (CCALX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

Conestoga Small Cap Fund Institutional Class seeks long-term growth of capital by investing primarily in small-capitalization companies. The fund uses a fundamental, bottom-up approach to identify companies with sustainable earnings growth, high returns on equity, low debt, and capable management teams.

Looking to diversify beyond CCALX? The mutual funds below have the lowest correlation with CCALX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CCALX.

Best Diversifiers for CCALX

0 mutual funds have low correlation with CCALX (below 0.3), 0 of which are negatively correlated. The least correlated is Oberweis Micro Cap Fund (OBMCX) (Small Cap Growth Equities) with a 1Y correlation of 0.68, down from 0.83 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
OBMCX
Oberweis Micro Cap Fund0.680.790.83
86
Small Cap Growth EquitiesCCALX vs OBMCX
NEAGX
Needham Aggressive Growth Fund0.700.760.80
92
Small Cap Growth EquitiesCCALX vs NEAGX
NEAIX
Needham Aggressive Growth Fund Institutional Class0.700.760.80
92
Small Cap Growth EquitiesCCALX vs NEAIX
NESIX
Needham Small Cap Growth Fund Institutional0.710.780.81
94
Small Cap Growth EquitiesCCALX vs NESIX
NESGX
Needham Small Cap Growth Fund0.710.780.81
94
Small Cap Growth EquitiesCCALX vs NESGX
See all 6 diversifiers for CCALX

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