CCASX vs. LKSCX
CCASX (Conestoga Small Cap) and LKSCX (LKCM Small Cap Equity Fund) are both Small Cap Growth Equities funds. Over the past 10 years, CCASX returned 8.70%/yr vs 11.23%/yr for LKSCX. Their correlation of 0.90 means they have usually moved in the same direction. CCASX charges 1.10%/yr vs 1.03%/yr for LKSCX.
Performance
CCASX vs. LKSCX - 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 LKSCX's 6.49% return. Over the past 10 years, CCASX has underperformed LKSCX with an annualized return of 8.70%, while LKSCX has yielded a comparatively higher 11.23% 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%
LKSCX
- 1D
- 0.73%
- 1M
- -2.27%
- 6M
- 3.65%
- YTD
- 6.49%
- 1Y
- 17.88%
- 3Y*
- 13.16%
- 5Y*
- 6.08%
- 10Y*
- 11.23%
- ALL TIME*
- 10.20%
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 |
| $0.00 | $0.00 | $0.00 |
CCASX vs. LKSCX - 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% |
LKSCX LKCM Small Cap Equity Fund | 6.49% | 13.22% | 15.35% | 22.57% | -22.14% | 14.54% | 34.70% | 22.68% | -5.67% | 17.08% |
Correlation
The correlation between CCASX and LKSCX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2002 | 0.90 |
The correlation between CCASX and LKSCX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
CCASX vs. LKSCX — Risk / Return Rank
CCASX
LKSCX
CCASX vs. LKSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Small Cap (CCASX) and LKCM Small Cap Equity Fund (LKSCX). 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 | LKSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.61 | -1.76 |
| Martin ratioReturn relative to average drawdown | -0.40 | 5.55 | -5.95 |
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Drawdowns
CCASX vs. LKSCX - Drawdown Comparison
The maximum CCASX drawdown since its inception was -48.00%, smaller than the maximum LKSCX drawdown of -59.07%. Use the drawdown chart below to compare losses from any high point for CCASX and LKSCX.
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Drawdown Indicators
| CCASX | LKSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.00% | -59.07% | +11.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -9.90% | -4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -27.74% | -24.21% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -38.14% | -33.84% | -4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -43.65% | +5.51% |
Current DrawdownCurrent decline from peak | -17.74% | -3.76% | -13.98% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -9.36% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 2.86% | +2.82% |
Volatility
CCASX vs. LKSCX - Volatility Comparison
Conestoga Small Cap (CCASX) has a higher volatility of 4.87% compared to LKCM Small Cap Equity Fund (LKSCX) at 3.87%. This indicates that CCASX's price experiences larger fluctuations and is considered to be riskier than LKSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCASX | LKSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 3.87% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.95% | 12.09% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 16.92% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 21.37% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 23.05% | -1.54% |
CCASX vs. LKSCX - Expense Ratio Comparison
CCASX has a 1.10% expense ratio, which is higher than LKSCX's 1.03% expense ratio.
Dividends
CCASX vs. LKSCX - Dividend Comparison
CCASX's dividend yield for the trailing twelve months is around 5.45%, less than LKSCX's 8.43% 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% |
LKSCX LKCM Small Cap Equity Fund | 8.43% | 8.98% | 7.27% | 2.77% | 2.43% | 15.70% | 3.86% | 5.24% | 20.61% | 19.58% | 15.37% | 14.66% |
Frequently Asked Questions
CCASX and LKSCX have a correlation of 0.83, 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 LKSCX (3.87%). In terms of maximum drawdown, CCASX dropped -48.00% vs LKSCX's -59.07%.
LKSCX currently has the higher Sharpe Ratio (0.94 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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