CAMSX vs. CAMOX

Last updated Jun 3, 2026

CAMSX (Cambiar Small Cap Fund) and CAMOX (Cambiar Opportunity Portfolio) are both mutual funds - CAMSX is a Small Cap Blend Equities fund managed by Cambiar Funds, while CAMOX is a Large Cap Value Equities fund managed by Cambiar Funds. Over the past 10 years, CAMSX returned 9.09%/yr vs 12.46%/yr for CAMOX. Their correlation of 0.87 suggests significant overlap in exposure. CAMSX charges 1.10%/yr vs 0.85%/yr for CAMOX.

Performance

CAMSX vs. CAMOX - Performance Comparison

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

Returns By Period

In the year-to-date period, CAMSX achieves a 15.24% return, which is significantly higher than CAMOX's 10.52% return. Over the past 10 years, CAMSX has underperformed CAMOX with an annualized return of 9.09%, while CAMOX has yielded a comparatively higher 12.46% annualized return.

CAMSX

• 1D: -0.59%
• 1M: 2.27%
• YTD: 15.24%
• 6M: 15.88%
• 1Y: 30.07%
• 3Y*: 12.21%
• 5Y*: 6.16%
• 10Y*: 9.09%

CAMOX

• 1D: -0.88%
• 1M: 0.90%
• YTD: 10.52%
• 6M: 13.20%
• 1Y: 24.95%
• 3Y*: 16.90%
• 5Y*: 9.88%
• 10Y*: 12.46%

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

CAMSX vs. CAMOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAMSX Cambiar Small Cap Fund	15.24%	8.91%	6.01%	12.12%	-8.70%	17.24%	9.52%	29.01%	-12.51%	4.01%
CAMOX Cambiar Opportunity Portfolio	10.52%	13.51%	14.39%	16.84%	-6.99%	20.87%	16.61%	32.89%	-13.45%	14.86%

Correlation

The correlation between CAMSX and CAMOX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 1, 2004	0.87

The correlation between CAMSX and CAMOX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.

Return for Risk

CAMSX vs. CAMOX — Risk / Return Rank

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

CAMSX

CAMSX Risk / Return Rank: 42
CAMSX Sharpe Ratio Rank: 39
CAMSX Sortino Ratio Rank: 38
CAMSX Omega Ratio Rank: 36
CAMSX Calmar Ratio Rank: 55
CAMSX Martin Ratio Rank: 42

CAMOX

CAMOX Risk / Return Rank: 44
CAMOX Sharpe Ratio Rank: 46
CAMOX Sortino Ratio Rank: 48
CAMOX Omega Ratio Rank: 43
CAMOX Calmar Ratio Rank: 38
CAMOX Martin Ratio Rank: 44

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.

CAMSX vs. CAMOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambiar Small Cap Fund (CAMSX) and Cambiar Opportunity Portfolio (CAMOX). 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.

	CAMSX	CAMOX	Difference
Sharpe ratio Return per unit of total volatility	1.82	2.00	-0.18
Sortino ratio Return per unit of downside risk	2.58	2.93	-0.35
Omega ratio Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio Return relative to maximum drawdown	2.84	2.35	+0.49
Martin ratio Return relative to average drawdown	9.10	9.32	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAMSX vs. CAMOX - Sharpe Ratio Comparison

The current CAMSX Sharpe Ratio is 1.82, which is comparable to the CAMOX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of CAMSX and CAMOX, 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

	CAMSX	CAMOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.00	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.64	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.71	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.48	-0.06

Drawdowns

CAMSX vs. CAMOX - Drawdown Comparison

The maximum CAMSX drawdown since its inception was -58.43%, roughly equal to the maximum CAMOX drawdown of -59.14%. Use the drawdown chart below to compare losses from any high point for CAMSX and CAMOX.

Drawdown Indicators

	CAMSX	CAMOX	Difference
Max Drawdown Largest peak-to-trough decline	-58.43%	-59.14%	+0.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-10.29%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-22.14%	-14.99%	-7.15%
Max Drawdown (5Y) Largest decline over 5 years	-22.14%	-18.61%	-3.53%
Max Drawdown (10Y) Largest decline over 10 years	-41.99%	-34.18%	-7.81%
Current Drawdown Current decline from peak	-1.70%	-1.27%	-0.43%
Average Drawdown Average peak-to-trough decline	-8.84%	-8.11%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.60%	+0.66%

Volatility

CAMSX vs. CAMOX - Volatility Comparison

Cambiar Small Cap Fund (CAMSX) has a higher volatility of 4.37% compared to Cambiar Opportunity Portfolio (CAMOX) at 3.42%. This indicates that CAMSX's price experiences larger fluctuations and is considered to be riskier than CAMOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAMSX	CAMOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	3.42%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	9.48%	+2.26%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	12.44%	+4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	15.47%	+3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	17.65%	+3.10%

CAMSX vs. CAMOX - Expense Ratio Comparison

CAMSX has a 1.10% expense ratio, which is higher than CAMOX's 0.85% expense ratio.

Dividends

CAMSX vs. CAMOX - Dividend Comparison

CAMSX's dividend yield for the trailing twelve months is around 9.20%, less than CAMOX's 20.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAMOX Cambiar Opportunity Portfolio	20.38%	22.53%	8.98%	9.06%	6.05%	7.62%	4.01%	9.56%	13.12%	13.91%	8.21%	13.23%
CAMSX Cambiar Small Cap Fund	9.20%	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 CAMOX in my portfolio?

CAMSX and CAMOX have a correlation of 0.79, 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 CAMOX?

CAMSX has higher volatility (4.37%) compared to CAMOX (3.42%). In terms of maximum drawdown, CAMSX dropped -58.43% vs CAMOX's -59.14%.

Which has better risk-adjusted returns?

CAMOX currently has the higher Sharpe Ratio (2.00 vs 1.82), 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.