CIPIX vs. EEOFX
CIPIX (Champlain Mid Cap Fund Institutional Class) and EEOFX (Essex Environmental Opportunities Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, CIPIX returned -0.31%/yr vs 2.48%/yr for EEOFX. A 0.75 correlation means they provide meaningful diversification when combined. CIPIX charges 0.84%/yr vs 2.11%/yr for EEOFX.
Performance
CIPIX vs. EEOFX - Performance Comparison
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Returns By Period
In the year-to-date period, CIPIX achieves a -2.75% return, which is significantly lower than EEOFX's 26.50% return.
CIPIX
- 1D
- -0.59%
- 1M
- 0.20%
- YTD
- -2.75%
- 6M
- -4.23%
- 1Y
- -1.50%
- 3Y*
- 4.11%
- 5Y*
- -0.31%
- 10Y*
- 9.22%
EEOFX
- 1D
- 0.94%
- 1M
- 0.99%
- YTD
- 26.50%
- 6M
- 23.74%
- 1Y
- 50.87%
- 3Y*
- 14.08%
- 5Y*
- 2.48%
- 10Y*
- —
CIPIX vs. EEOFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIPIX Champlain Mid Cap Fund Institutional Class | -2.75% | 1.66% | 5.93% | 15.66% | -26.32% | 24.78% | 29.40% | 26.56% | 3.65% | 3.66% |
EEOFX Essex Environmental Opportunities Fund | 26.50% | 23.55% | 1.32% | -1.53% | -27.88% | 10.83% | 62.80% | 25.43% | -15.79% | 3.20% |
Correlation
The correlation between CIPIX and EEOFX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2017 | 0.75 |
Over the past year, the correlation between CIPIX and EEOFX has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
CIPIX vs. EEOFX — Risk / Return Rank
CIPIX
EEOFX
CIPIX vs. EEOFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Champlain Mid Cap Fund Institutional Class (CIPIX) and Essex Environmental Opportunities Fund (EEOFX). 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.
| CIPIX | EEOFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.36 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.93 | -3.97 |
| Martin ratioReturn relative to average drawdown | -0.11 | 12.15 | -12.25 |
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Drawdowns
CIPIX vs. EEOFX - Drawdown Comparison
The maximum CIPIX drawdown since its inception was -33.84%, smaller than the maximum EEOFX drawdown of -50.17%. Use the drawdown chart below to compare losses from any high point for CIPIX and EEOFX.
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Drawdown Indicators
| CIPIX | EEOFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -50.17% | +16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -13.49% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -31.32% | +8.62% |
Max Drawdown (5Y)Largest decline over 5 years | -33.02% | -50.17% | +17.15% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | — | — |
Current DrawdownCurrent decline from peak | -12.59% | -3.90% | -8.69% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -19.57% | +12.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 4.34% | +1.45% |
Volatility
CIPIX vs. EEOFX - Volatility Comparison
The current volatility for Champlain Mid Cap Fund Institutional Class (CIPIX) is 5.08%, while Essex Environmental Opportunities Fund (EEOFX) has a volatility of 10.55%. This indicates that CIPIX experiences smaller price fluctuations and is considered to be less risky than EEOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIPIX | EEOFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 10.55% | -5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 18.56% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 23.77% | -8.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 25.23% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 24.88% | -5.99% |
CIPIX vs. EEOFX - Expense Ratio Comparison
CIPIX has a 0.84% expense ratio, which is lower than EEOFX's 2.11% expense ratio.
Dividends
CIPIX vs. EEOFX - Dividend Comparison
CIPIX's dividend yield for the trailing twelve months is around 17.71%, more than EEOFX's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIPIX Champlain Mid Cap Fund Institutional Class | 17.71% | 17.23% | 7.33% | 0.31% | 1.39% | 9.92% | 4.49% | 4.01% | 6.57% | 0.14% | 4.28% | 8.40% |
EEOFX Essex Environmental Opportunities Fund | 0.05% | 0.06% | 0.00% | 0.00% | 0.01% | 6.63% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIPIX and EEOFX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEOFX has higher volatility (10.55%) compared to CIPIX (5.08%). In terms of maximum drawdown, CIPIX dropped -33.84% vs EEOFX's -50.17%.
EEOFX currently has the higher Sharpe Ratio (2.23 vs -0.04), 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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