CIPSX vs. SPY
Compare and contrast key facts about Champlain Small Company Fund (CIPSX) and State Street SPDR S&P 500 ETF (SPY).
CIPSX is managed by Champlain Funds. It was launched on Nov 30, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
CIPSX vs. SPY - Performance Comparison
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CIPSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIPSX Champlain Small Company Fund | -8.01% | -22.88% | 23.09% | 14.01% | -20.83% | 12.37% | 24.14% | 25.02% | -3.35% | 10.56% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CIPSX achieves a -8.01% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, CIPSX has underperformed SPY with an annualized return of 6.70%, while SPY has yielded a comparatively higher 14.06% annualized return.
CIPSX
- 1D
- 2.24%
- 1M
- -9.04%
- YTD
- -8.01%
- 6M
- -26.19%
- 1Y
- -24.46%
- 3Y*
- -1.55%
- 5Y*
- -3.53%
- 10Y*
- 6.70%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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CIPSX vs. SPY - Expense Ratio Comparison
CIPSX has a 1.26% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
CIPSX vs. SPY — Risk / Return Rank
CIPSX
SPY
CIPSX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Champlain Small Company Fund (CIPSX) and State Street SPDR S&P 500 ETF (SPY). 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.
| CIPSX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.82 | 0.96 | -1.78 |
Sortino ratioReturn per unit of downside risk | -0.94 | 1.49 | -2.44 |
Omega ratioGain probability vs. loss probability | 0.84 | 1.23 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | -0.81 | 1.53 | -2.35 |
Martin ratioReturn relative to average drawdown | -1.92 | 7.27 | -9.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIPSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | 0.96 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.70 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.79 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.56 | -0.20 |
Correlation
The correlation between CIPSX and SPY is 0.84, 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
CIPSX vs. SPY - Dividend Comparison
CIPSX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CIPSX vs. SPY - Drawdown Comparison
The maximum CIPSX drawdown since its inception was -46.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CIPSX and SPY.
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Drawdown Indicators
| CIPSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.42% | -55.19% | +8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -31.56% | -12.05% | -19.51% |
Max Drawdown (5Y)Largest decline over 5 years | -34.62% | -24.50% | -10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.09% | -33.72% | -2.37% |
Current DrawdownCurrent decline from peak | -31.78% | -5.53% | -26.25% |
Average DrawdownAverage peak-to-trough decline | -8.31% | -9.09% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.38% | 2.54% | +10.84% |
Volatility
CIPSX vs. SPY - Volatility Comparison
Champlain Small Company Fund (CIPSX) has a higher volatility of 5.75% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that CIPSX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIPSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 5.35% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 24.47% | 9.50% | +14.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 19.06% | +10.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 17.06% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 17.92% | +3.88% |