CCALX vs. HRSMX
CCALX (Conestoga Small Cap Fund Institutional Class) and HRSMX (Hood River Small-Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, CCALX returned 9.10%/yr vs 18.25%/yr for HRSMX. Their correlation of 0.86 means they have usually moved in the same direction. CCALX charges 0.90%/yr vs 1.09%/yr for HRSMX.
Performance
CCALX vs. HRSMX - Performance Comparison
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Returns By Period
In the year-to-date period, CCALX achieves a 3.27% return, which is significantly lower than HRSMX's 19.18% return. Over the past 10 years, CCALX has underperformed HRSMX with an annualized return of 9.10%, while HRSMX has yielded a comparatively higher 18.25% annualized return.
CCALX
- 1D
- 0.73%
- 1M
- -4.09%
- 6M
- 0.68%
- YTD
- 3.27%
- 1Y
- 1.61%
- 3Y*
- 0.90%
- 5Y*
- -1.32%
- 10Y*
- 9.10%
- ALL TIME*
- 9.08%
HRSMX
- 1D
- -1.18%
- 1M
- -9.70%
- 6M
- 8.79%
- YTD
- 19.18%
- 1Y
- 46.99%
- 3Y*
- 27.12%
- 5Y*
- 13.16%
- 10Y*
- 18.25%
- ALL TIME*
- 13.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CCALX vs. HRSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCALX Conestoga Small Cap Fund Institutional Class | 3.27% | -10.83% | 8.96% | 22.36% | -28.16% | 16.25% | 30.59% | 25.42% | 0.79% | 28.72% |
HRSMX Hood River Small-Cap Growth Fund | 19.18% | 23.85% | 35.48% | 21.52% | -27.99% | 23.19% | 60.80% | 24.13% | -6.91% | 20.60% |
Correlation
The correlation between CCALX and HRSMX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2014 | 0.86 |
The correlation between CCALX and HRSMX shifts across timeframes, from 0.66 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CCALX vs. HRSMX — Risk / Return Rank
CCALX
HRSMX
CCALX vs. HRSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Small Cap Fund Institutional Class (CCALX) and Hood River Small-Cap Growth Fund (HRSMX). 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.
| CCALX | HRSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 2.79 | -2.74 |
| Martin ratioReturn relative to average drawdown | 0.13 | 10.90 | -10.78 |
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Drawdowns
CCALX vs. HRSMX - Drawdown Comparison
The maximum CCALX drawdown since its inception was -38.06%, smaller than the maximum HRSMX drawdown of -64.92%. Use the drawdown chart below to compare losses from any high point for CCALX and HRSMX.
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Drawdown Indicators
| CCALX | HRSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.06% | -64.92% | +26.86% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -15.78% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -27.69% | -33.04% | +5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -38.06% | -38.49% | +0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.06% | -40.74% | +2.68% |
Current DrawdownCurrent decline from peak | -16.37% | -13.57% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -13.02% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 4.03% | +1.61% |
Volatility
CCALX vs. HRSMX - Volatility Comparison
The current volatility for Conestoga Small Cap Fund Institutional Class (CCALX) is 4.91%, while Hood River Small-Cap Growth Fund (HRSMX) has a volatility of 9.06%. This indicates that CCALX experiences smaller price fluctuations and is considered to be less risky than HRSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCALX | HRSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 9.06% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 23.37% | -9.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 28.87% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.89% | 27.66% | -5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.50% | 26.16% | -4.66% |
CCALX vs. HRSMX - Expense Ratio Comparison
CCALX has a 0.90% expense ratio, which is lower than HRSMX's 1.09% expense ratio.
Dividends
CCALX vs. HRSMX - Dividend Comparison
CCALX's dividend yield for the trailing twelve months is around 5.26%, more than HRSMX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCALX Conestoga Small Cap Fund Institutional Class | 5.26% | 5.43% | 0.00% | 0.84% | 4.04% | 5.18% | 0.00% | 2.11% | 1.45% | 5.59% | 1.18% | 1.87% |
HRSMX Hood River Small-Cap Growth Fund | 3.55% | 4.23% | 3.75% | 0.00% | 0.00% | 19.96% | 6.28% | 0.00% | 4.59% | 6.74% | 0.00% | 5.73% |
Frequently Asked Questions
CCALX and HRSMX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRSMX has higher volatility (9.06%) compared to CCALX (4.91%). In terms of maximum drawdown, CCALX dropped -38.06% vs HRSMX's -64.92%.
HRSMX currently has the higher Sharpe Ratio (1.52 vs 0.04), 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.
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