AUERX vs. CSMDX

Last updated Jun 4, 2026

AUERX (Auer Growth Fund) and CSMDX (Copeland SMID Cap Dividend Growth Fund) are both Small Cap Blend Equities funds. Over the past 5 years, AUERX returned 19.85%/yr vs 5.03%/yr for CSMDX. A 0.80 correlation means they provide meaningful diversification when combined. AUERX charges 2.37%/yr vs 0.95%/yr for CSMDX.

Performance

AUERX vs. CSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Auer Growth Fund (AUERX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUERX achieves a 17.42% return, which is significantly higher than CSMDX's 11.73% return.

AUERX

• 1D: 0.22%
• 1M: 6.88%
• YTD: 17.42%
• 6M: 17.32%
• 1Y: 49.63%
• 3Y*: 28.11%
• 5Y*: 19.85%
• 10Y*: 16.18%

CSMDX

• 1D: 0.53%
• 1M: 2.59%
• YTD: 11.73%
• 6M: 10.42%
• 1Y: 16.91%
• 3Y*: 8.52%
• 5Y*: 5.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUERX vs. CSMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUERX Auer Growth Fund	17.42%	30.10%	11.12%	21.42%	9.95%	45.11%	-1.85%	27.96%	-25.63%	25.73%
CSMDX Copeland SMID Cap Dividend Growth Fund	11.73%	2.72%	2.24%	18.89%	-14.89%	22.60%	8.29%	29.90%	-5.20%	10.44%

Correlation

The correlation between AUERX and CSMDX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Feb 28, 2017	0.80

The correlation between AUERX and CSMDX shifts across timeframes, from 0.68 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AUERX vs. CSMDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUERX

AUERX Risk / Return Rank: 90
AUERX Sharpe Ratio Rank: 93
AUERX Sortino Ratio Rank: 87
AUERX Omega Ratio Rank: 83
AUERX Calmar Ratio Rank: 92
AUERX Martin Ratio Rank: 95

CSMDX

CSMDX Risk / Return Rank: 23
CSMDX Sharpe Ratio Rank: 20
CSMDX Sortino Ratio Rank: 22
CSMDX Omega Ratio Rank: 19
CSMDX Calmar Ratio Rank: 29
CSMDX Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUERX vs. CSMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Auer Growth Fund (AUERX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). 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.

	AUERX	CSMDX	Difference
Sharpe ratio: Return per unit of total volatility	3.21	1.27	+1.93
Sortino ratio: Return per unit of downside risk	4.12	1.97	+2.15
Omega ratio: Gain probability vs. loss probability	1.55	1.22	+0.33
Calmar ratio: Return relative to maximum drawdown	5.09	2.00	+3.09
Martin ratio: Return relative to average drawdown	21.90	6.13	+15.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUERX vs. CSMDX - Sharpe Ratio Comparison

The current AUERX Sharpe Ratio is 3.21, which is higher than the CSMDX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of AUERX and CSMDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUERX	CSMDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	1.27	+1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.28	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.45	-0.24

Drawdowns

AUERX vs. CSMDX - Drawdown Comparison

The maximum AUERX drawdown since its inception was -67.23%, which is greater than CSMDX's maximum drawdown of -37.28%. Use the drawdown chart below to compare losses from any high point for AUERX and CSMDX.

Drawdown Indicators

	AUERX	CSMDX	Difference
Max Drawdown Largest peak-to-trough decline	-67.23%	-37.28%	-29.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-9.20%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-34.80%	-24.60%	-10.20%
Max Drawdown (5Y) Largest decline over 5 years	-34.80%	-24.60%	-10.20%
Max Drawdown (10Y) Largest decline over 10 years	-51.89%	—	—
Current Drawdown Current decline from peak	0.00%	-0.53%	+0.53%
Average Drawdown Average peak-to-trough decline	-24.88%	-5.77%	-19.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	3.00%	-0.67%

Volatility

AUERX vs. CSMDX - Volatility Comparison

Auer Growth Fund (AUERX) has a higher volatility of 5.19% compared to Copeland SMID Cap Dividend Growth Fund (CSMDX) at 3.70%. This indicates that AUERX's price experiences larger fluctuations and is considered to be riskier than CSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUERX	CSMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	3.70%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	10.24%	+1.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	14.46%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.84%	18.16%	+6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.38%	19.17%	+5.21%

AUERX vs. CSMDX - Expense Ratio Comparison

AUERX has a 2.37% expense ratio, which is higher than CSMDX's 0.95% expense ratio.

Dividends

AUERX vs. CSMDX - Dividend Comparison

AUERX's dividend yield for the trailing twelve months is around 9.70%, more than CSMDX's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUERX Auer Growth Fund	9.70%	11.39%	24.55%	4.54%	5.95%	0.00%	0.00%	0.00%	0.00%	0.00%
CSMDX Copeland SMID Cap Dividend Growth Fund	2.81%	3.14%	1.33%	0.81%	4.07%	6.67%	0.38%	2.61%	4.40%	0.13%

Frequently Asked Questions

Can I hold both AUERX and CSMDX in my portfolio?

AUERX and CSMDX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUERX or CSMDX?

AUERX has higher volatility (5.19%) compared to CSMDX (3.70%). In terms of maximum drawdown, AUERX dropped -67.23% vs CSMDX's -37.28%.

Which has better risk-adjusted returns?

AUERX currently has the higher Sharpe Ratio (3.21 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.