CCASX vs. VB
CCASX (Conestoga Small Cap) and VB (Vanguard Small-Cap ETF) are both funds - CCASX is a Small Cap Growth Equities fund managed by Conestoga Capital Advisors, while VB is a Small Cap Blend Equities fund tracking the CRSP US Small Cap Index. Over the past 10 years, CCASX returned 9.52%/yr vs 11.70%/yr for VB. Their correlation of 0.91 suggests significant overlap in exposure. CCASX charges 1.10%/yr vs 0.05%/yr for VB.
Performance
CCASX vs. VB - Performance Comparison
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Returns By Period
In the year-to-date period, CCASX achieves a 3.54% return, which is significantly lower than VB's 14.80% return. Over the past 10 years, CCASX has underperformed VB with an annualized return of 9.52%, while VB has yielded a comparatively higher 11.70% annualized return.
CCASX
- 1D
- -0.88%
- 1M
- 2.92%
- YTD
- 3.54%
- 6M
- 1.29%
- 1Y
- 1.15%
- 3Y*
- 2.34%
- 5Y*
- -0.72%
- 10Y*
- 9.52%
VB
- 1D
- -0.76%
- 1M
- 2.05%
- YTD
- 14.80%
- 6M
- 12.69%
- 1Y
- 28.03%
- 3Y*
- 17.24%
- 5Y*
- 6.99%
- 10Y*
- 11.70%
CCASX vs. VB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 3.54% | -11.00% | 8.74% | 22.13% | -28.32% | 16.02% | 30.34% | 25.18% | 0.60% | 28.42% |
VB Vanguard Small-Cap ETF | 14.80% | 8.87% | 14.17% | 18.22% | -17.51% | 17.57% | 19.19% | 27.34% | -9.34% | 16.26% |
Correlation
The correlation between CCASX and VB is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.91 |
The correlation between CCASX and VB has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
CCASX vs. VB — Risk / Return Rank
CCASX
VB
CCASX vs. VB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Small Cap (CCASX) and Vanguard Small-Cap ETF (VB). 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 | VB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.29 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 3.14 | -2.92 |
| Martin ratioReturn relative to average drawdown | 0.55 | 11.50 | -10.95 |
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Drawdowns
CCASX vs. VB - Drawdown Comparison
The maximum CCASX drawdown since its inception was -48.00%, smaller than the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for CCASX and VB.
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Drawdown Indicators
| CCASX | VB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.00% | -59.56% | +11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -8.98% | -5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -27.74% | -25.36% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -38.14% | -28.15% | -9.99% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -42.05% | +3.91% |
Current DrawdownCurrent decline from peak | -16.84% | -1.15% | -15.69% |
Average DrawdownAverage peak-to-trough decline | -9.21% | -8.42% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 2.44% | +3.14% |
Volatility
CCASX vs. VB - Volatility Comparison
Conestoga Small Cap (CCASX) and Vanguard Small-Cap ETF (VB) have volatilities of 5.08% and 4.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCASX | VB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.99% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.89% | 12.24% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 16.65% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.83% | 20.79% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 21.42% | +0.10% |
CCASX vs. VB - Expense Ratio Comparison
CCASX has a 1.10% expense ratio, which is higher than VB's 0.05% expense ratio.
Dividends
CCASX vs. VB - Dividend Comparison
CCASX's dividend yield for the trailing twelve months is around 5.39%, more than VB's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 5.39% | 5.58% | 0.00% | 0.86% | 4.12% | 5.27% | 0.00% | 2.14% | 1.46% | 5.63% | 1.18% | 1.88% |
VB Vanguard Small-Cap ETF | 1.19% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
Frequently Asked Questions
CCASX and VB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCASX has higher volatility (5.08%) compared to VB (4.99%). In terms of maximum drawdown, CCASX dropped -48.00% vs VB's -59.56%.
VB currently has the higher Sharpe Ratio (1.69 vs 0.16), 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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