CCASX vs. AVUVX
CCASX (Conestoga Small Cap) and AVUVX (Avantis U.S. Small Cap Value Fund) are both mutual funds - CCASX is a Small Cap Growth Equities fund managed by Conestoga Capital Advisors, while AVUVX is a Small Cap Value Equities fund actively managed by Avantis. Over the past 5 years, CCASX returned -1.65%/yr vs 13.35%/yr for AVUVX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. CCASX charges 1.10%/yr vs 0.25%/yr for AVUVX.
Performance
CCASX vs. AVUVX - 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 AVUVX's 23.69% 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%
AVUVX
- 1D
- 0.05%
- 1M
- 1.47%
- 6M
- 15.69%
- YTD
- 23.69%
- 1Y
- 41.47%
- 3Y*
- 16.43%
- 5Y*
- 13.35%
- 10Y*
- —
- ALL TIME*
- 16.72%
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. AVUVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 2.41% | -11.00% | 8.74% | 22.13% | -28.32% | 16.02% | 30.34% | 2.48% |
AVUVX Avantis U.S. Small Cap Value Fund | 23.69% | 8.88% | 8.83% | 22.96% | -4.74% | 40.31% | 10.64% | 4.95% |
Correlation
The correlation between CCASX and AVUVX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.76 |
The correlation between CCASX and AVUVX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
CCASX vs. AVUVX — Risk / Return Rank
CCASX
AVUVX
CCASX vs. AVUVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Small Cap (CCASX) and Avantis U.S. Small Cap Value Fund (AVUVX). 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 | AVUVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.38 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 4.48 | -4.64 |
| Martin ratioReturn relative to average drawdown | -0.40 | 14.39 | -14.79 |
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Drawdowns
CCASX vs. AVUVX - Drawdown Comparison
The maximum CCASX drawdown since its inception was -48.00%, roughly equal to the maximum AVUVX drawdown of -50.24%. Use the drawdown chart below to compare losses from any high point for CCASX and AVUVX.
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Drawdown Indicators
| CCASX | AVUVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.00% | -50.24% | +2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -8.25% | -6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -27.74% | -28.81% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -38.14% | -28.81% | -9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | — | — |
Current DrawdownCurrent decline from peak | -17.74% | -0.74% | -17.00% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -7.57% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 2.58% | +3.10% |
Volatility
CCASX vs. AVUVX - Volatility Comparison
Conestoga Small Cap (CCASX) has a higher volatility of 4.87% compared to Avantis U.S. Small Cap Value Fund (AVUVX) at 2.83%. This indicates that CCASX's price experiences larger fluctuations and is considered to be riskier than AVUVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCASX | AVUVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 2.83% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.95% | 10.89% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 17.08% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 22.41% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 28.51% | -7.00% |
CCASX vs. AVUVX - Expense Ratio Comparison
CCASX has a 1.10% expense ratio, which is higher than AVUVX's 0.25% expense ratio.
Dividends
CCASX vs. AVUVX - Dividend Comparison
CCASX's dividend yield for the trailing twelve months is around 5.45%, less than AVUVX's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVUVX Avantis U.S. Small Cap Value Fund | 5.74% | 7.09% | 4.11% | 1.57% | 8.07% | 5.83% | 0.73% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
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 AVUVX have a correlation of 0.77, 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 AVUVX (2.83%). In terms of maximum drawdown, CCASX dropped -48.00% vs AVUVX's -50.24%.
AVUVX currently has the higher Sharpe Ratio (2.17 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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