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 8.96%/yr vs 11.12%/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 3.67% return, which is significantly lower than VB's 15.87% return. Over the past 10 years, CCASX has underperformed VB with an annualized return of 8.96%, while VB has yielded a comparatively higher 11.12% annualized return.
CCASX
- 1D
- -1.15%
- 1M
- 1.01%
- 6M
- -1.98%
- YTD
- 3.67%
- 1Y
- -0.56%
- 3Y*
- 1.02%
- 5Y*
- -0.49%
- 10Y*
- 8.96%
VB
- 1D
- 0.24%
- 1M
- 0.47%
- 6M
- 9.68%
- YTD
- 15.87%
- 1Y
- 23.75%
- 3Y*
- 15.10%
- 5Y*
- 7.99%
- 10Y*
- 11.12%
CCASX vs. VB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 3.67% | -11.00% | 8.74% | 22.13% | -28.32% | 16.02% | 30.34% | 25.18% | 0.60% | 28.42% |
VB Vanguard Small-Cap ETF | 15.87% | 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 0.86, 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 | 0.86 |
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 0.86 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 | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.66 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.10 | 9.71 | -9.81 |
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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 | -16.74% | -2.06% | -14.68% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -8.40% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 2.46% | +3.10% |
Volatility
CCASX vs. VB - Volatility Comparison
Conestoga Small Cap (CCASX) has a higher volatility of 5.44% compared to Vanguard Small-Cap ETF (VB) at 3.50%. This indicates that CCASX's price experiences larger fluctuations and is considered to be riskier than VB based on this measure. 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 | 5.44% | 3.50% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 12.06% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 16.56% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 20.75% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 21.37% | +0.12% |
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 5.38%, more than VB's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 5.38% | 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 | 1.21% | 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 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCASX has higher volatility (5.44%) compared to VB (3.50%). In terms of maximum drawdown, CCASX dropped -48.00% vs VB's -59.56%.
VB currently has the higher Sharpe Ratio (1.44 vs -0.03), 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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