CIPMX vs. CIPSX

Last updated Jun 4, 2026

CIPMX (Champlain Mid Cap Fund) and CIPSX (Champlain Small Company Fund) are both mutual funds - CIPMX is a Mid Cap Growth Equities fund managed by Champlain Funds, while CIPSX is a Small Cap Growth Equities fund managed by Champlain Funds. Over the past 10 years, CIPMX returned 9.76%/yr vs 7.18%/yr for CIPSX. Their correlation of 0.91 suggests significant overlap in exposure. CIPMX charges 1.09%/yr vs 1.26%/yr for CIPSX.

Performance

CIPMX vs. CIPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Champlain Mid Cap Fund (CIPMX) and Champlain Small Company Fund (CIPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIPMX achieves a 0.20% return, which is significantly lower than CIPSX's 3.44% return. Over the past 10 years, CIPMX has outperformed CIPSX with an annualized return of 9.76%, while CIPSX has yielded a comparatively lower 7.18% annualized return.

CIPMX

• 1D: -0.35%
• 1M: 7.54%
• YTD: 0.20%
• 6M: -0.23%
• 1Y: 0.33%
• 3Y*: 8.12%
• 5Y*: 2.38%
• 10Y*: 9.76%

CIPSX

• 1D: 0.69%
• 1M: 5.25%
• YTD: 3.44%
• 6M: -16.12%
• 1Y: -19.45%
• 3Y*: 1.70%
• 5Y*: -1.43%
• 10Y*: 7.18%

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

CIPMX vs. CIPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIPMX Champlain Mid Cap Fund	0.20%	1.44%	13.94%	15.40%	-26.53%	24.48%	29.03%	26.27%	3.41%	13.62%
CIPSX Champlain Small Company Fund	3.44%	-22.88%	23.09%	14.01%	-20.83%	12.37%	24.14%	25.02%	-3.35%	10.56%

Correlation

The correlation between CIPMX and CIPSX 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	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jul 2, 2008	0.91

The correlation between CIPMX and CIPSX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

CIPMX vs. CIPSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CIPMX

CIPMX Risk / Return Rank: 3
CIPMX Sharpe Ratio Rank: 3
CIPMX Sortino Ratio Rank: 3
CIPMX Omega Ratio Rank: 3
CIPMX Calmar Ratio Rank: 3
CIPMX Martin Ratio Rank: 3

CIPSX

CIPSX Risk / Return Rank: 1
CIPSX Sharpe Ratio Rank: 1
CIPSX Sortino Ratio Rank: 1
CIPSX Omega Ratio Rank: 1
CIPSX Calmar Ratio Rank: 1
CIPSX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CIPMX vs. CIPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Champlain Mid Cap Fund (CIPMX) and Champlain Small Company Fund (CIPSX). 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.

	CIPMX	CIPSX	Difference
Sharpe ratio: Return per unit of total volatility	0.05	-0.71	+0.76
Sortino ratio: Return per unit of downside risk	0.18	-0.74	+0.92
Omega ratio: Gain probability vs. loss probability	1.02	0.87	+0.15
Calmar ratio: Return relative to maximum drawdown	0.06	-0.58	+0.64
Martin ratio: Return relative to average drawdown	0.14	-1.10	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIPMX vs. CIPSX - Sharpe Ratio Comparison

The current CIPMX Sharpe Ratio is 0.05, which is higher than the CIPSX Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of CIPMX and CIPSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CIPMX	CIPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	-0.71	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	-0.06	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.33	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.39	+0.11

Drawdowns

CIPMX vs. CIPSX - Drawdown Comparison

The maximum CIPMX drawdown since its inception was -45.33%, roughly equal to the maximum CIPSX drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for CIPMX and CIPSX.

Drawdown Indicators

	CIPMX	CIPSX	Difference
Max Drawdown Largest peak-to-trough decline	-45.33%	-46.42%	+1.09%
Max Drawdown (1Y) Largest decline over 1 year	-14.68%	-31.56%	+16.88%
Max Drawdown (3Y) Largest decline over 3 years	-20.11%	-33.27%	+13.16%
Max Drawdown (5Y) Largest decline over 5 years	-33.20%	-34.62%	+1.42%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	-36.09%	+2.25%
Current Drawdown Current decline from peak	-3.86%	-23.28%	+19.42%
Average Drawdown Average peak-to-trough decline	-7.96%	-8.45%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.67%	16.65%	-10.98%

Volatility

CIPMX vs. CIPSX - Volatility Comparison

Champlain Mid Cap Fund (CIPMX) and Champlain Small Company Fund (CIPSX) have volatilities of 4.01% and 4.02%, 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.

Volatility by Period

	CIPMX	CIPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	4.02%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	24.17%	-13.18%
Volatility (1Y) Calculated over the trailing 1-year period	14.76%	25.98%	-11.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	22.53%	-3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	21.82%	-2.95%

CIPMX vs. CIPSX - Expense Ratio Comparison

CIPMX has a 1.09% expense ratio, which is lower than CIPSX's 1.26% expense ratio.

Dividends

CIPMX vs. CIPSX - Dividend Comparison

CIPMX's dividend yield for the trailing twelve months is around 18.14%, while CIPSX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIPMX Champlain Mid Cap Fund	18.14%	18.17%	15.31%	0.30%	1.44%	10.24%	4.62%	4.06%	6.70%	0.00%	4.28%	8.32%
CIPSX Champlain Small Company Fund	0.00%	0.00%	16.74%	6.39%	0.36%	4.45%	6.11%	7.96%	13.29%	9.78%	2.72%	2.67%

Frequently Asked Questions

Can I hold both CIPMX and CIPSX in my portfolio?

CIPMX and CIPSX 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.

Which is riskier, CIPMX or CIPSX?

CIPSX has higher volatility (4.02%) compared to CIPMX (4.01%). In terms of maximum drawdown, CIPMX dropped -45.33% vs CIPSX's -46.42%.

Which has better risk-adjusted returns?

CIPMX currently has the higher Sharpe Ratio (0.05 vs -0.71), 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.