CCASX vs. COP
CCASX (Conestoga Small Cap) is Small Cap Growth Equities fund managed by Conestoga Capital Advisors, while COP (ConocoPhillips Company) is a stock. Over the past 10 years, CCASX returned 8.93%/yr vs 13.61%/yr for COP. At a 0.40 correlation, their price movements are largely independent.
Performance
CCASX vs. COP - Performance Comparison
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Returns By Period
In the year-to-date period, CCASX achieves a 4.87% return, which is significantly lower than COP's 22.39% return. Over the past 10 years, CCASX has underperformed COP with an annualized return of 8.93%, while COP has yielded a comparatively higher 13.61% annualized return.
CCASX
- 1D
- -0.06%
- 1M
- 2.19%
- 6M
- -1.14%
- YTD
- 4.87%
- 1Y
- 0.58%
- 3Y*
- 1.83%
- 5Y*
- -0.76%
- 10Y*
- 8.93%
COP
- 1D
- 3.49%
- 1M
- -3.53%
- 6M
- 19.97%
- YTD
- 22.39%
- 1Y
- 21.94%
- 3Y*
- 4.96%
- 5Y*
- 18.56%
- 10Y*
- 13.61%
CCASX vs. COP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 4.87% | -11.00% | 8.74% | 22.13% | -28.32% | 16.02% | 30.34% | 25.18% | 0.60% | 28.42% |
COP ConocoPhillips Company | 22.39% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
Correlation
The correlation between CCASX and COP is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2002 | 0.40 |
The correlation between CCASX and COP shifts across timeframes, from -0.10 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CCASX vs. COP — Risk / Return Rank
CCASX
COP
CCASX vs. COP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Small Cap (CCASX) and ConocoPhillips Company (COP). 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 | COP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.14 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.99 | -1.07 |
| Martin ratioReturn relative to average drawdown | -0.21 | 2.61 | -2.82 |
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Drawdowns
CCASX vs. COP - Drawdown Comparison
The maximum CCASX drawdown since its inception was -48.00%, smaller than the maximum COP drawdown of -84.55%. Use the drawdown chart below to compare losses from any high point for CCASX and COP.
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Drawdown Indicators
| CCASX | COP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.00% | -84.55% | +36.55% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -22.28% | +7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -27.74% | -36.19% | +8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -38.14% | -36.19% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -70.66% | +32.52% |
Current DrawdownCurrent decline from peak | -15.77% | -15.03% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -25.48% | +16.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 8.44% | -2.84% |
Volatility
CCASX vs. COP - Volatility Comparison
The current volatility for Conestoga Small Cap (CCASX) is 5.65%, while ConocoPhillips Company (COP) has a volatility of 10.52%. This indicates that CCASX experiences smaller price fluctuations and is considered to be less risky than COP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCASX | COP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 10.52% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.96% | 22.60% | -8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 29.78% | -10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 32.79% | -10.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 37.57% | -16.09% |
Dividends
CCASX vs. COP - Dividend Comparison
CCASX's dividend yield for the trailing twelve months is around 5.32%, more than COP's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 5.32% | 5.58% | 0.00% | 0.86% | 4.12% | 5.27% | 0.00% | 2.14% | 1.46% | 5.63% | 1.18% | 1.88% |
COP ConocoPhillips Company | 2.92% | 3.40% | 3.35% | 3.37% | 4.23% | 2.70% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% |
Frequently Asked Questions
CCASX and COP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COP has higher volatility (10.52%) compared to CCASX (5.65%). In terms of maximum drawdown, CCASX dropped -48.00% vs COP's -84.55%.
COP currently has the higher Sharpe Ratio (0.74 vs -0.06), 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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