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 8.70%/yr vs 15.17%/yr for COP. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
CCASX vs. COP - 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 COP's 30.67% return. Over the past 10 years, CCASX has underperformed COP with an annualized return of 8.70%, while COP has yielded a comparatively higher 15.17% 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%
COP
- 1D
- 1.22%
- 1M
- 15.04%
- 6M
- 17.36%
- YTD
- 30.67%
- 1Y
- 34.19%
- 3Y*
- 4.04%
- 5Y*
- 20.62%
- 10Y*
- 15.17%
- ALL TIME*
- 7.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CCASX Conestoga Small Cap | $0.00 | $0.00 | $0.00 |
| $720.22M | $713.48M | $821.22M |
CCASX vs. COP - 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% |
COP ConocoPhillips Company | 30.67% | -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 -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2002 | 0.39 |
The correlation between CCASX and COP shifts across timeframes, from -0.15 (1 year) to 0.39 (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 | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.18 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.38 | -1.53 |
| Martin ratioReturn relative to average drawdown | -0.40 | 3.46 | -3.85 |
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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 | -17.74% | -9.29% | -8.45% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -25.46% | +16.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 8.87% | -3.19% |
Volatility
CCASX vs. COP - Volatility Comparison
The current volatility for Conestoga Small Cap (CCASX) is 4.87%, while ConocoPhillips Company (COP) has a volatility of 9.06%. 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 | 4.87% | 9.06% | -4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.95% | 22.54% | -8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 29.92% | -10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 32.69% | -10.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 37.58% | -16.07% |
Dividends
CCASX vs. COP - Dividend Comparison
CCASX's dividend yield for the trailing twelve months is around 5.45%, more than COP's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
COP ConocoPhillips Company | 2.74% | 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 -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COP has higher volatility (9.06%) compared to CCASX (4.87%). In terms of maximum drawdown, CCASX dropped -48.00% vs COP's -84.55%.
COP currently has the higher Sharpe Ratio (1.03 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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