CSMDX vs. CDGRX
CSMDX (Copeland SMID Cap Dividend Growth Fund) and CDGRX (Copeland Dividend Growth Fund) are both mutual funds - CSMDX is a Small Cap Blend Equities fund managed by Copeland Funds, while CDGRX is a Diversified Portfolio fund managed by Copeland Funds. Over the past 5 years, CSMDX returned 5.09%/yr vs 6.93%/yr for CDGRX. Their correlation of 0.90 means they have usually moved in the same direction. CSMDX charges 0.95%/yr vs 1.20%/yr for CDGRX.
Performance
CSMDX vs. CDGRX - Performance Comparison
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Returns By Period
In the year-to-date period, CSMDX achieves a 13.17% return, which is significantly higher than CDGRX's 6.72% return.
CSMDX
- 1D
- 0.29%
- 1M
- -0.75%
- 6M
- 6.67%
- YTD
- 13.17%
- 1Y
- 16.86%
- 3Y*
- 6.84%
- 5Y*
- 5.09%
- 10Y*
- —
- ALL TIME*
- 8.58%
CDGRX
- 1D
- 0.23%
- 1M
- 1.40%
- 6M
- 3.17%
- YTD
- 6.72%
- 1Y
- 12.80%
- 3Y*
- 9.61%
- 5Y*
- 6.93%
- 10Y*
- 11.16%
- ALL TIME*
- 10.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CSMDX vs. CDGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSMDX Copeland SMID Cap Dividend Growth Fund | 13.17% | 2.72% | 2.24% | 18.89% | -14.89% | 22.60% | 8.29% | 29.90% | -5.20% | 10.44% |
CDGRX Copeland Dividend Growth Fund | 6.72% | 8.70% | 9.79% | 18.80% | -14.83% | 26.29% | 3.69% | 42.03% | 0.22% | 12.51% |
Correlation
The correlation between CSMDX and CDGRX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017 | 0.90 |
The correlation between CSMDX and CDGRX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
CSMDX vs. CDGRX — Risk / Return Rank
CSMDX
CDGRX
CSMDX vs. CDGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Copeland SMID Cap Dividend Growth Fund (CSMDX) and Copeland Dividend Growth Fund (CDGRX). 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.
| CSMDX | CDGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.43 | +0.30 |
| Martin ratioReturn relative to average drawdown | 5.33 | 5.99 | -0.66 |
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Drawdowns
CSMDX vs. CDGRX - Drawdown Comparison
The maximum CSMDX drawdown since its inception was -37.28%, roughly equal to the maximum CDGRX drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for CSMDX and CDGRX.
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Drawdown Indicators
| CSMDX | CDGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.28% | -36.25% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -8.37% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -24.60% | -19.94% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -22.21% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.25% | — |
Current DrawdownCurrent decline from peak | -1.31% | 0.00% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -5.19% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.99% | +0.98% |
Volatility
CSMDX vs. CDGRX - Volatility Comparison
Copeland SMID Cap Dividend Growth Fund (CSMDX) has a higher volatility of 3.31% compared to Copeland Dividend Growth Fund (CDGRX) at 2.59%. This indicates that CSMDX's price experiences larger fluctuations and is considered to be riskier than CDGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSMDX | CDGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.59% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 9.18% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 12.10% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 16.52% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 18.84% | +0.23% |
CSMDX vs. CDGRX - Expense Ratio Comparison
CSMDX has a 0.95% expense ratio, which is lower than CDGRX's 1.20% expense ratio.
Dividends
CSMDX vs. CDGRX - Dividend Comparison
CSMDX's dividend yield for the trailing twelve months is around 2.77%, less than CDGRX's 8.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDGRX Copeland Dividend Growth Fund | 8.76% | 9.35% | 13.93% | 3.68% | 7.00% | 11.95% | 0.00% | 41.54% | 8.40% | 4.22% | 3.79% | 12.12% |
CSMDX Copeland SMID Cap Dividend Growth Fund | 2.77% | 3.14% | 1.33% | 0.81% | 4.07% | 6.67% | 0.38% | 2.61% | 4.40% | 0.13% | 0.00% | 0.00% |
Frequently Asked Questions
CSMDX and CDGRX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSMDX has higher volatility (3.31%) compared to CDGRX (2.59%). In terms of maximum drawdown, CSMDX dropped -37.28% vs CDGRX's -36.25%.
CSMDX currently has the higher Sharpe Ratio (1.11 vs 0.99), 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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