CMCMX vs. VLEOX
Compare and contrast key facts about Conestoga Micro Cap Fund (CMCMX) and Value Line Small Cap Opportunities Fund (VLEOX).
CMCMX is managed by Conestoga Capital Advisors. It was launched on Dec 17, 2021. VLEOX is managed by Value Line. It was launched on Jun 23, 1993.
Performance
CMCMX vs. VLEOX - Performance Comparison
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CMCMX vs. VLEOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CMCMX Conestoga Micro Cap Fund | -10.23% | 16.41% | 13.03% | -2.75% | 3.42% |
VLEOX Value Line Small Cap Opportunities Fund | -1.31% | 6.27% | 14.23% | 22.01% | 3.26% |
Returns By Period
In the year-to-date period, CMCMX achieves a -10.23% return, which is significantly lower than VLEOX's -1.31% return.
CMCMX
- 1D
- -0.84%
- 1M
- -8.94%
- YTD
- -10.23%
- 6M
- -11.85%
- 1Y
- 13.92%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
VLEOX
- 1D
- -1.31%
- 1M
- -9.46%
- YTD
- -1.31%
- 6M
- 0.46%
- 1Y
- 13.46%
- 3Y*
- 10.24%
- 5Y*
- 5.21%
- 10Y*
- 10.66%
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CMCMX vs. VLEOX - Expense Ratio Comparison
CMCMX has a 1.50% expense ratio, which is higher than VLEOX's 1.16% expense ratio.
Return for Risk
CMCMX vs. VLEOX — Risk / Return Rank
CMCMX
VLEOX
CMCMX vs. VLEOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Micro Cap Fund (CMCMX) and Value Line Small Cap Opportunities Fund (VLEOX). 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.
| CMCMX | VLEOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.69 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.00 | 1.16 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.04 | -0.40 |
Martin ratioReturn relative to average drawdown | 1.97 | 3.84 | -1.87 |
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
| CMCMX | VLEOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.69 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.53 | -0.35 |
Correlation
The correlation between CMCMX and VLEOX is 0.82, 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
CMCMX vs. VLEOX - Dividend Comparison
CMCMX's dividend yield for the trailing twelve months is around 1.15%, less than VLEOX's 6.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMCMX Conestoga Micro Cap Fund | 1.15% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VLEOX Value Line Small Cap Opportunities Fund | 6.48% | 6.40% | 0.09% | 0.82% | 2.76% | 6.00% | 8.02% | 23.60% | 15.87% | 3.64% | 5.40% | 14.55% |
Drawdowns
CMCMX vs. VLEOX - Drawdown Comparison
The maximum CMCMX drawdown since its inception was -35.11%, smaller than the maximum VLEOX drawdown of -55.86%. Use the drawdown chart below to compare losses from any high point for CMCMX and VLEOX.
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Drawdown Indicators
| CMCMX | VLEOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.11% | -55.86% | +20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -10.86% | -5.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.30% | — |
Current DrawdownCurrent decline from peak | -16.58% | -10.58% | -6.00% |
Average DrawdownAverage peak-to-trough decline | -12.10% | -9.52% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 2.96% | +2.50% |
Volatility
CMCMX vs. VLEOX - Volatility Comparison
Conestoga Micro Cap Fund (CMCMX) has a higher volatility of 7.70% compared to Value Line Small Cap Opportunities Fund (VLEOX) at 6.26%. This indicates that CMCMX's price experiences larger fluctuations and is considered to be riskier than VLEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMCMX | VLEOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 6.26% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 11.83% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.34% | 19.58% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 19.24% | +6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 19.93% | +5.56% |