CIPMX vs. VSPMX

Last updated Apr 1, 2026

Compare and contrast key facts about Champlain Mid Cap Fund (CIPMX) and Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX).

CIPMX is managed by Champlain Funds. It was launched on Jun 30, 2008. VSPMX is managed by Vanguard. It was launched on Mar 28, 2011.

Performance

CIPMX vs. VSPMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Champlain Mid Cap Fund (CIPMX) and Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX). The values are adjusted to include any dividend payments, if applicable.

CIPMX vs. VSPMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIPMX Champlain Mid Cap Fund	-11.25%	1.44%	13.94%	15.40%	-26.53%	24.48%	29.03%	26.27%	3.41%	13.62%
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares	-0.37%	7.11%	12.83%	17.42%	-13.12%	24.66%	13.53%	26.12%	-11.14%	16.18%

Returns By Period

In the year-to-date period, CIPMX achieves a -11.25% return, which is significantly lower than VSPMX's -0.37% return. Over the past 10 years, CIPMX has underperformed VSPMX with an annualized return of 9.07%, while VSPMX has yielded a comparatively higher 10.11% annualized return.

CIPMX

• 1D: -0.11%
• 1M: -10.29%
• YTD: -11.25%
• 6M: -11.52%
• 1Y: -4.55%
• 3Y*: 3.95%
• 5Y*: 0.88%
• 10Y*: 9.07%

VSPMX

• 1D: -0.82%
• 1M: -8.03%
• YTD: -0.37%
• 6M: 1.27%
• 1Y: 14.05%
• 3Y*: 10.85%
• 5Y*: 6.18%
• 10Y*: 10.11%

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

CIPMX vs. VSPMX - Expense Ratio Comparison

CIPMX has a 1.09% expense ratio, which is higher than VSPMX's 0.08% expense ratio.

CIPMX

Champlain Mid Cap Fund

VSPMX

Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares

Return for Risk

CIPMX vs. VSPMX — Risk / Return Rank

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

CIPMX

CIPMX Risk / Return Rank: 2
CIPMX Sharpe Ratio Rank: 3
CIPMX Sortino Ratio Rank: 3
CIPMX Omega Ratio Rank: 3
CIPMX Calmar Ratio Rank: 2
CIPMX Martin Ratio Rank: 1

VSPMX

VSPMX Risk / Return Rank: 32
VSPMX Sharpe Ratio Rank: 30
VSPMX Sortino Ratio Rank: 33
VSPMX Omega Ratio Rank: 30
VSPMX Calmar Ratio Rank: 31
VSPMX Martin Ratio Rank: 36

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. VSPMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Champlain Mid Cap Fund (CIPMX) and Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX). 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	VSPMX	Difference
Sharpe ratio Return per unit of total volatility	-0.24	0.69	-0.93
Sortino ratio Return per unit of downside risk	-0.21	1.11	-1.32
Omega ratio Gain probability vs. loss probability	0.97	1.15	-0.18
Calmar ratio Return relative to maximum drawdown	-0.45	0.86	-1.31
Martin ratio Return relative to average drawdown	-1.49	3.77	-5.26
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. VSPMX - Sharpe Ratio Comparison

The current CIPMX Sharpe Ratio is -0.24, which is lower than the VSPMX Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of CIPMX and VSPMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CIPMX	VSPMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	0.69	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.32	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.48	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.58	-0.12

Correlation

The correlation between CIPMX and VSPMX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CIPMX vs. VSPMX - Dividend Comparison

CIPMX's dividend yield for the trailing twelve months is around 20.48%, more than VSPMX's 1.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIPMX Champlain Mid Cap Fund	20.48%	18.17%	15.31%	0.30%	1.44%	10.24%	4.62%	4.06%	6.70%	0.00%	4.28%	8.32%
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares	1.40%	1.07%	1.32%	1.26%	1.59%	1.15%	1.24%	1.49%	1.64%	1.27%	1.54%	1.52%

Drawdowns

CIPMX vs. VSPMX - Drawdown Comparison

The maximum CIPMX drawdown since its inception was -45.33%, which is greater than VSPMX's maximum drawdown of -42.04%. Use the drawdown chart below to compare losses from any high point for CIPMX and VSPMX.

Drawdown Indicators

	CIPMX	VSPMX	Difference
Max Drawdown Largest peak-to-trough decline	-45.33%	-42.04%	-3.29%
Max Drawdown (1Y) Largest decline over 1 year	-14.68%	-14.10%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-33.20%	-24.27%	-8.93%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	-42.04%	+8.20%
Current Drawdown Current decline from peak	-14.85%	-8.82%	-6.03%
Average Drawdown Average peak-to-trough decline	-7.95%	-5.13%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	3.24%	+1.17%

Volatility

CIPMX vs. VSPMX - Volatility Comparison

The current volatility for Champlain Mid Cap Fund (CIPMX) is 4.41%, while Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) has a volatility of 5.75%. This indicates that CIPMX experiences smaller price fluctuations and is considered to be less risky than VSPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIPMX	VSPMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	5.75%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	11.48%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	19.84%	20.83%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	19.62%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	20.97%	-2.15%