CCASX vs. IJR
CCASX (Conestoga Small Cap) and IJR (iShares Core S&P Small-Cap ETF) are both funds - CCASX is a Small Cap Growth Equities fund managed by Conestoga Capital Advisors, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Over the past 10 years, CCASX returned 9.17%/yr vs 10.66%/yr for IJR. Their correlation of 0.88 suggests significant overlap in exposure. CCASX charges 1.10%/yr vs 0.06%/yr for IJR.
Performance
CCASX vs. IJR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CCASX achieves a 1.93% return, which is significantly lower than IJR's 15.38% return. Over the past 10 years, CCASX has underperformed IJR with an annualized return of 9.17%, while IJR has yielded a comparatively higher 10.66% annualized return.
CCASX
- 1D
- 0.35%
- 1M
- 2.66%
- YTD
- 1.93%
- 6M
- 0.36%
- 1Y
- -2.91%
- 3Y*
- 2.10%
- 5Y*
- -0.32%
- 10Y*
- 9.17%
IJR
- 1D
- -0.89%
- 1M
- 1.67%
- YTD
- 15.38%
- 6M
- 14.25%
- 1Y
- 31.54%
- 3Y*
- 14.39%
- 5Y*
- 5.64%
- 10Y*
- 10.66%
CCASX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 1.93% | -11.00% | 8.74% | 22.13% | -28.32% | 16.02% | 30.34% | 25.18% | 0.60% | 28.42% |
IJR iShares Core S&P Small-Cap ETF | 15.38% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Correlation
The correlation between CCASX and IJR is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2002 | 0.88 |
The correlation between CCASX and IJR has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CCASX vs. IJR — Risk / Return Rank
CCASX
IJR
CCASX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Small Cap (CCASX) and iShares Core S&P Small-Cap ETF (IJR). 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.
| CCASX | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 3.65 | -3.73 |
| Martin ratioReturn relative to average drawdown | -0.23 | 12.14 | -12.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CCASX | IJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 1.81 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.26 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.47 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.43 | +0.01 |
Drawdowns
CCASX vs. IJR - Drawdown Comparison
The maximum CCASX drawdown since its inception was -48.00%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for CCASX and IJR.
Loading charts...
Drawdown Indicators
| CCASX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.00% | -58.15% | +10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -8.68% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -27.74% | -28.02% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -38.14% | -28.02% | -10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -44.36% | +6.22% |
Current DrawdownCurrent decline from peak | -18.14% | -0.91% | -17.23% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -9.28% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 2.60% | +2.92% |
Volatility
CCASX vs. IJR - Volatility Comparison
Conestoga Small Cap (CCASX) has a higher volatility of 4.88% compared to iShares Core S&P Small-Cap ETF (IJR) at 4.45%. This indicates that CCASX's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CCASX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.45% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 11.65% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.72% | 17.54% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.77% | 21.41% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 22.91% | -1.40% |
CCASX vs. IJR - Expense Ratio Comparison
CCASX has a 1.10% expense ratio, which is higher than IJR's 0.06% expense ratio.
Dividends
CCASX vs. IJR - Dividend Comparison
CCASX's dividend yield for the trailing twelve months is around 5.48%, more than IJR's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 5.48% | 5.58% | 0.00% | 0.86% | 4.12% | 5.27% | 0.00% | 2.14% | 1.46% | 5.63% | 1.18% | 1.88% |
IJR iShares Core S&P Small-Cap ETF | 1.15% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Frequently Asked Questions
CCASX and IJR have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCASX has higher volatility (4.88%) compared to IJR (4.45%). In terms of maximum drawdown, CCASX dropped -48.00% vs IJR's -58.15%.
IJR currently has the higher Sharpe Ratio (1.81 vs -0.07), 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.
Find the right allocation for CCASX and IJR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer