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 8.93%/yr vs 10.71%/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 4.87% return, which is significantly lower than IJR's 21.20% return. Over the past 10 years, CCASX has underperformed IJR with an annualized return of 8.93%, while IJR has yielded a comparatively higher 10.71% 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%
IJR
- 1D
- -0.39%
- 1M
- 1.22%
- 6M
- 15.11%
- YTD
- 21.20%
- 1Y
- 30.19%
- 3Y*
- 14.45%
- 5Y*
- 7.62%
- 10Y*
- 10.71%
CCASX vs. IJR - 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% |
IJR iShares Core S&P Small-Cap ETF | 21.20% | 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 | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 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.
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 | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.49 | -3.57 |
| Martin ratioReturn relative to average drawdown | -0.21 | 11.70 | -11.91 |
Loading charts...
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 | -15.77% | -2.24% | -13.53% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -9.25% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 2.59% | +3.01% |
Volatility
CCASX vs. IJR - Volatility Comparison
Conestoga Small Cap (CCASX) has a higher volatility of 5.65% compared to iShares Core S&P Small-Cap ETF (IJR) at 4.59%. 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 | 5.65% | 4.59% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.96% | 12.00% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 17.56% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 21.35% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 22.85% | -1.37% |
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 5.32%, more than IJR's 1.13% 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% |
IJR iShares Core S&P Small-Cap ETF | 1.13% | 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 (5.65%) compared to IJR (4.59%). In terms of maximum drawdown, CCASX dropped -48.00% vs IJR's -58.15%.
IJR currently has the higher Sharpe Ratio (1.73 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.
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