CAMSX vs. ARSTX

Last updated Aug 1, 2026

CAMSX (Cambiar Small Cap Fund) and ARSTX (Nuveen Small Cap Select Fund) are both Small Cap Blend Equities funds. Over the past 10 years, CAMSX returned 9.14%/yr vs 11.83%/yr for ARSTX. Their correlation of 0.93 means they have usually moved in the same direction. CAMSX charges 1.10%/yr vs 0.99%/yr for ARSTX.

Performance

CAMSX vs. ARSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambiar Small Cap Fund (CAMSX) and Nuveen Small Cap Select Fund (ARSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAMSX achieves a 19.93% return, which is significantly higher than ARSTX's 13.81% return. Over the past 10 years, CAMSX has underperformed ARSTX with an annualized return of 9.14%, while ARSTX has yielded a comparatively higher 11.83% annualized return.

CAMSX

• 1D: 0.00%
• 1M: -0.21%
• 6M: 14.01%
• YTD: 19.93%
• 1Y: 29.89%
• 3Y*: 11.96%
• 5Y*: 7.48%
• 10Y*: 9.14%
• ALL TIME*: 9.06%

ARSTX

• 1D: 1.33%
• 1M: -1.51%
• 6M: 10.31%
• YTD: 13.81%
• 1Y: 25.89%
• 3Y*: 14.19%
• 5Y*: 8.82%
• 10Y*: 11.83%
• ALL TIME*: 10.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARSTX Nuveen Small Cap Select Fund	$0.00	$0.00	$0.00
CAMSX Cambiar Small Cap Fund	$0.00	$0.00	$0.00

CAMSX vs. ARSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAMSX Cambiar Small Cap Fund	19.93%	8.91%	6.01%	12.12%	-8.70%	17.24%	9.52%	29.01%	-12.51%	4.01%
ARSTX Nuveen Small Cap Select Fund	13.81%	7.78%	16.94%	17.69%	-19.84%	35.98%	18.68%	29.05%	-11.48%	10.13%

Correlation

The correlation between CAMSX and ARSTX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Aug 31, 2004	0.93

The correlation between CAMSX and ARSTX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

CAMSX vs. ARSTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CAMSX

CAMSX Risk / Return Rank: 68
CAMSX Sharpe Ratio Rank: 67
CAMSX Sortino Ratio Rank: 67
CAMSX Omega Ratio Rank: 63
CAMSX Calmar Ratio Rank: 78
CAMSX Martin Ratio Rank: 66

ARSTX

ARSTX Risk / Return Rank: 58
ARSTX Sharpe Ratio Rank: 51
ARSTX Sortino Ratio Rank: 57
ARSTX Omega Ratio Rank: 45
ARSTX Calmar Ratio Rank: 71
ARSTX Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CAMSX vs. ARSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambiar Small Cap Fund (CAMSX) and Nuveen Small Cap Select Fund (ARSTX). 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.

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.

	CAMSX	ARSTX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.38	+0.22
Sortino ratio: Return per unit of downside risk	2.30	2.09	+0.21
Omega ratio: Gain probability vs. loss probability	1.28	1.24	+0.04
Calmar ratio: Return relative to maximum drawdown	2.56	2.35	+0.21
Martin ratio: Return relative to average drawdown	8.28	8.44	-0.16

CAMSX vs. ARSTX - Sharpe Ratio Comparison

The current CAMSX Sharpe Ratio is 1.60, which is comparable to the ARSTX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of CAMSX and ARSTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAMSX vs. ARSTX - Drawdown Comparison

The maximum CAMSX drawdown since its inception was -58.43%, roughly equal to the maximum ARSTX drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for CAMSX and ARSTX.

Drawdown Indicators

	CAMSX	ARSTX	Difference
Max Drawdown Largest peak-to-trough decline	-58.43%	-56.51%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-10.39%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-22.14%	-27.97%	+5.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.14%	-27.97%	+5.83%
Max Drawdown (10Y) Largest decline over 10 years	-41.99%	-43.11%	+1.12%
Current Drawdown Current decline from peak	-1.54%	-2.76%	+1.22%
Average Drawdown Average peak-to-trough decline	-8.78%	-8.84%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	2.88%	+0.35%

Volatility

CAMSX vs. ARSTX - Volatility Comparison

The current volatility for Cambiar Small Cap Fund (CAMSX) is 3.43%, while Nuveen Small Cap Select Fund (ARSTX) has a volatility of 3.81%. This indicates that CAMSX experiences smaller price fluctuations and is considered to be less risky than ARSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAMSX	ARSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	3.81%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	12.04%	12.83%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	17.75%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	22.46%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	23.14%	-2.50%

CAMSX vs. ARSTX - Expense Ratio Comparison

CAMSX has a 1.10% expense ratio, which is higher than ARSTX's 0.99% expense ratio.

Dividends

CAMSX vs. ARSTX - Dividend Comparison

CAMSX's dividend yield for the trailing twelve months is around 8.84%, more than ARSTX's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARSTX Nuveen Small Cap Select Fund	2.22%	2.53%	2.42%	0.00%	0.40%	21.05%	1.25%	0.37%	21.67%	10.31%	8.92%	20.02%
CAMSX Cambiar Small Cap Fund	8.84%	10.60%	3.52%	1.35%	0.48%	32.84%	0.34%	4.82%	24.24%	4.61%	0.00%	8.66%

Frequently Asked Questions

Can I hold both CAMSX and ARSTX in my portfolio?

CAMSX and ARSTX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAMSX or ARSTX?

ARSTX has higher volatility (3.81%) compared to CAMSX (3.43%). In terms of maximum drawdown, CAMSX dropped -58.43% vs ARSTX's -56.51%.

Which has better risk-adjusted returns?

CAMSX currently has the higher Sharpe Ratio (1.60 vs 1.38), 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.