- ISIN
- US2070198781
- Inception Date
- Dec 17, 2021
- Category
- Small Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
CMCMX Performance Chart
Conestoga Micro Cap Fund (CMCMX) is up 7.0% since the beginning of the year. CMCMX is currently trading at $10 per share.
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Returns By Period
Conestoga Micro Cap Fund (CMCMX) has returned 6.96% so far this year and 20.88% over the past 12 months.
Conestoga Micro Cap Fund
- 1D
- -1.60%
- 1M
- 5.81%
- YTD
- 6.96%
- 6M
- 4.13%
- 1Y
- 20.88%
- 3Y*
- 11.33%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
CMCMX Monthly Returns History
Based on dividend-adjusted daily data since May 16, 2022, CMCMX's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2024 with a return of +15.6%, while the worst month was Oct 2023 at -10.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CMCMX closed higher 48% of trading days. The best single day was Nov 10, 2022 with a return of +9.0%, while the worst single day was Feb 13, 2024 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.31% | -2.69% | -6.18% | 6.94% | 4.40% | 3.58% | 6.96% | ||||||
| 2025 | 3.26% | -5.58% | -5.91% | 1.09% | 10.14% | 3.68% | -0.47% | 8.09% | 4.07% | -1.06% | -3.42% | 2.76% | 16.41% |
| 2024 | -4.82% | 6.10% | 3.51% | -5.42% | 1.00% | -4.11% | 11.09% | 1.46% | -4.46% | -1.10% | 15.56% | -4.09% | 13.03% |
| 2023 | 13.09% | -5.72% | -3.62% | -5.76% | 1.14% | 2.95% | 3.14% | -7.42% | -9.59% | -10.76% | 12.59% | 11.18% | -2.75% |
| 2022 | 2.71% | -1.66% | 10.72% | -2.29% | -8.08% | 10.50% | -3.59% | -3.33% | 3.42% |
Benchmark Metrics
Conestoga Micro Cap Fund has an annualized alpha of -6.99%, beta of 1.14, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since May 16, 2022.
- This fund participated in 113.52% of S&P 500 Index downside but only 84.60% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -6.99% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.14 and R2 of 0.57, 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
- -6.99%
- Beta
- 1.14
- R²
- 0.57
- Upside Capture
- 84.60%
- Downside Capture
- 113.52%
Expense Ratio
CMCMX has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CMCMX ranks 16 for risk / return — in the bottom 16% 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 Micro Cap Fund (CMCMX) and compare them to S&P 500 Index.
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.
| CMCMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.46 | -1.06 |
| Martin ratioReturn relative to average drawdown | 3.68 | 10.92 | -7.24 |
Dividends
Dividend History
Conestoga Micro Cap Fund provided a 0.97% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.10 | $0.10 |
Dividend yield | 0.97% | 1.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Conestoga Micro Cap Fund. 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 | $0.10 | $0.10 |
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 Micro Cap Fund. 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 Micro Cap Fund was 35.11%, occurring on Oct 27, 2023. Recovery took 420 trading sessions.
The current Conestoga Micro Cap Fund drawdown is 1.60%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -35.11%Oct 2023 | 8mo 26d | 1y 8mo | 2y 5moFeb 2023 - Jul 2025 |
Bear market2022 | -17.66%Oct 2022 | 1mo 29d | 3mo 21d | 5mo 20dAug 2022 - Feb 2023 |
2026 correction2026 | -16.58%Mar 2026 | 2mo 6d | 2mo 20d | 4mo 26dJan 2026 - Jun 2026 |
2025 correction2025 | -14.34%Nov 2025 | 24d | 1mo 26d | 2mo 20dOct 2025 - Jan 2026 |
Bear market2022 | -13.05%Jun 2022 | 8d | 22d | 1moJun 2022 - Jul 2022 |
Drawdown Indicators
| CMCMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.11% | -56.78% | +21.67% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -9.10% | -7.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.93% | -18.90% | -7.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.60% | -3.21% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -10.71% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 2.04% | +4.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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