CCASX vs. ASVIX
CCASX (Conestoga Small Cap) and ASVIX (American Century Small Cap Value Fund) are both mutual funds - CCASX is a Small Cap Growth Equities fund managed by Conestoga Capital Advisors, while ASVIX is a Small Cap Value Equities fund managed by American Century. Over the past 10 years, CCASX returned 8.70%/yr vs 10.48%/yr for ASVIX. Their correlation of 0.85 means they have usually moved in the same direction. CCASX charges 1.10%/yr vs 1.09%/yr for ASVIX.
Performance
CCASX vs. ASVIX - Performance Comparison
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Returns By Period
In the year-to-date period, CCASX achieves a 2.41% return, which is significantly lower than ASVIX's 21.83% return. Over the past 10 years, CCASX has underperformed ASVIX with an annualized return of 8.70%, while ASVIX has yielded a comparatively higher 10.48% annualized return.
CCASX
- 1D
- 1.82%
- 1M
- -4.79%
- 6M
- 0.77%
- YTD
- 2.41%
- 1Y
- 0.70%
- 3Y*
- 0.51%
- 5Y*
- -1.65%
- 10Y*
- 8.70%
- ALL TIME*
- 9.39%
ASVIX
- 1D
- -0.19%
- 1M
- 1.70%
- 6M
- 15.19%
- YTD
- 21.83%
- 1Y
- 26.94%
- 3Y*
- 8.85%
- 5Y*
- 5.82%
- 10Y*
- 10.48%
- ALL TIME*
- 10.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
CCASX Conestoga Small Cap | $0.00 | $0.00 | $0.00 |
CCASX vs. ASVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 2.41% | -11.00% | 8.74% | 22.13% | -28.32% | 16.02% | 30.34% | 25.18% | 0.60% | 28.42% |
ASVIX American Century Small Cap Value Fund | 21.83% | -3.39% | 7.12% | 16.09% | -14.48% | 37.20% | 8.94% | 33.51% | -16.99% | 10.31% |
Correlation
The correlation between CCASX and ASVIX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2002 | 0.85 |
The correlation between CCASX and ASVIX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
CCASX vs. ASVIX — Risk / Return Rank
CCASX
ASVIX
CCASX vs. ASVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Small Cap (CCASX) and American Century Small Cap Value Fund (ASVIX). 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.
| CCASX | ASVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.24 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.91 | -2.06 |
| Martin ratioReturn relative to average drawdown | -0.40 | 5.30 | -5.70 |
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Drawdowns
CCASX vs. ASVIX - Drawdown Comparison
The maximum CCASX drawdown since its inception was -48.00%, smaller than the maximum ASVIX drawdown of -55.10%. Use the drawdown chart below to compare losses from any high point for CCASX and ASVIX.
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Drawdown Indicators
| CCASX | ASVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.00% | -55.10% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -12.23% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -27.74% | -27.25% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -38.14% | -27.25% | -10.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -43.50% | +5.36% |
Current DrawdownCurrent decline from peak | -17.74% | -1.46% | -16.28% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -7.89% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 4.40% | +1.28% |
Volatility
CCASX vs. ASVIX - Volatility Comparison
Conestoga Small Cap (CCASX) has a higher volatility of 4.87% compared to American Century Small Cap Value Fund (ASVIX) at 4.00%. This indicates that CCASX's price experiences larger fluctuations and is considered to be riskier than ASVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCASX | ASVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 4.00% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.95% | 11.42% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 17.64% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 21.79% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 23.23% | -1.72% |
CCASX vs. ASVIX - Expense Ratio Comparison
CCASX has a 1.10% expense ratio, which is higher than ASVIX's 1.09% expense ratio.
Dividends
CCASX vs. ASVIX - Dividend Comparison
CCASX's dividend yield for the trailing twelve months is around 5.45%, less than ASVIX's 11.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASVIX American Century Small Cap Value Fund | 11.26% | 14.08% | 6.96% | 1.00% | 3.86% | 7.32% | 0.35% | 2.41% | 20.02% | 14.39% | 5.29% | 14.05% |
CCASX Conestoga Small Cap | 5.45% | 5.58% | 0.00% | 0.86% | 4.12% | 5.27% | 0.00% | 2.14% | 1.46% | 5.63% | 1.18% | 1.88% |
Frequently Asked Questions
CCASX and ASVIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCASX has higher volatility (4.87%) compared to ASVIX (4.00%). In terms of maximum drawdown, CCASX dropped -48.00% vs ASVIX's -55.10%.
ASVIX currently has the higher Sharpe Ratio (1.33 vs -0.12), 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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