CILGX vs. CISMX

Last updated Aug 1, 2026

CILGX (Clarkston Fund) and CISMX (Clarkston Partners Fund) are both mutual funds - CILGX is a Large Cap Value Equities fund managed by Clarkston Funds, while CISMX is a Mid Cap Value Equities fund managed by Clarkston Funds. Over the past 5 years, CILGX returned 4.89%/yr vs 1.64%/yr for CISMX. Their correlation of 0.92 means they have usually moved in the same direction. CILGX charges 0.70%/yr vs 1.00%/yr for CISMX.

Performance

CILGX vs. CISMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clarkston Fund (CILGX) and Clarkston Partners Fund (CISMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CILGX achieves a 4.23% return, which is significantly lower than CISMX's 9.60% return.

CILGX

• 1D: -2.90%
• 1M: 3.01%
• 6M: 3.45%
• YTD: 4.23%
• 1Y: 14.28%
• 3Y*: 7.21%
• 5Y*: 4.89%
• 10Y*: —
• ALL TIME*: 8.33%

CISMX

• 1D: -2.88%
• 1M: 0.58%
• 6M: 6.31%
• YTD: 9.60%
• 1Y: 12.37%
• 3Y*: 1.88%
• 5Y*: 1.64%
• 10Y*: 6.79%
• ALL TIME*: 7.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CILGX Clarkston Fund	$0.00	$0.00	$0.00
CISMX Clarkston Partners Fund	$0.00	$0.00	$0.00

CILGX vs. CISMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CILGX Clarkston Fund	4.23%	8.29%	6.79%	17.86%	-8.60%	10.90%	16.93%	27.46%	-8.39%	9.33%
CISMX Clarkston Partners Fund	9.60%	-8.37%	4.49%	6.41%	-0.40%	7.94%	17.42%	23.98%	-7.25%	12.84%

Correlation

The correlation between CILGX and CISMX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.92

The correlation between CILGX and CISMX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

CILGX vs. CISMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CILGX

CILGX Risk / Return Rank: 14
CILGX Sharpe Ratio Rank: 13
CILGX Sortino Ratio Rank: 14
CILGX Omega Ratio Rank: 14
CILGX Calmar Ratio Rank: 15
CILGX Martin Ratio Rank: 12

CISMX

CISMX Risk / Return Rank: 15
CISMX Sharpe Ratio Rank: 13
CISMX Sortino Ratio Rank: 15
CISMX Omega Ratio Rank: 13
CISMX Calmar Ratio Rank: 19
CISMX Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CILGX vs. CISMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clarkston Fund (CILGX) and Clarkston Partners Fund (CISMX). 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.

	CILGX	CISMX	Difference
Sharpe ratio: Return per unit of total volatility	0.54	0.51	+0.02
Sortino ratio: Return per unit of downside risk	0.93	0.89	+0.04
Omega ratio: Gain probability vs. loss probability	1.11	1.10	+0.01
Calmar ratio: Return relative to maximum drawdown	0.79	0.93	-0.14
Martin ratio: Return relative to average drawdown	1.74	2.02	-0.28

CILGX vs. CISMX - Sharpe Ratio Comparison

The current CILGX Sharpe Ratio is 0.54, which is comparable to the CISMX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of CILGX and CISMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CILGX vs. CISMX - Drawdown Comparison

The maximum CILGX drawdown since its inception was -33.57%, roughly equal to the maximum CISMX drawdown of -33.80%. Use the drawdown chart below to compare losses from any high point for CILGX and CISMX.

Drawdown Indicators

	CILGX	CISMX	Difference
Max Drawdown Largest peak-to-trough decline	-33.57%	-33.80%	+0.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.30%	-10.54%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-15.60%	-21.19%	+5.59%
Max Drawdown (5Y) Largest decline over 5 years	-20.37%	-21.19%	+0.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.80%	—
Current Drawdown Current decline from peak	-2.90%	-6.19%	+3.29%
Average Drawdown Average peak-to-trough decline	-5.83%	-6.75%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	4.82%	+0.77%

Volatility

CILGX vs. CISMX - Volatility Comparison

Clarkston Fund (CILGX) has a higher volatility of 9.77% compared to Clarkston Partners Fund (CISMX) at 8.99%. This indicates that CILGX's price experiences larger fluctuations and is considered to be riskier than CISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CILGX	CISMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.77%	8.99%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	15.08%	15.21%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	19.00%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	17.89%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	18.45%	-0.31%

CILGX vs. CISMX - Expense Ratio Comparison

CILGX has a 0.70% expense ratio, which is lower than CISMX's 1.00% expense ratio.

Dividends

CILGX vs. CISMX - Dividend Comparison

CILGX's dividend yield for the trailing twelve months is around 3.93%, less than CISMX's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CILGX Clarkston Fund	3.93%	4.09%	0.88%	3.44%	5.14%	3.16%	5.87%	5.93%	4.77%	0.00%	0.00%	0.00%
CISMX Clarkston Partners Fund	4.25%	4.65%	1.05%	3.76%	16.95%	0.81%	3.73%	3.79%	7.15%	1.30%	1.17%	0.09%

Frequently Asked Questions

Can I hold both CILGX and CISMX in my portfolio?

With a correlation of 0.92, CILGX and CISMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CILGX or CISMX?

CILGX has higher volatility (9.77%) compared to CISMX (8.99%). In terms of maximum drawdown, CILGX dropped -33.57% vs CISMX's -33.80%.

Which has better risk-adjusted returns?

CILGX currently has the higher Sharpe Ratio (0.54 vs 0.51), 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.