CSMDX vs. SIVIX
CSMDX (Copeland SMID Cap Dividend Growth Fund) and SIVIX (State Street Institutional Small-Cap Equity Fund) are both Small Cap Blend Equities funds. Over the past 5 years, CSMDX returned 5.03%/yr vs 5.33%/yr for SIVIX. Their correlation of 0.94 means they have usually moved in the same direction. CSMDX charges 0.95%/yr vs 0.75%/yr for SIVIX.
Performance
CSMDX vs. SIVIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CSMDX achieves a 12.84% return, which is significantly lower than SIVIX's 14.27% return.
CSMDX
- 1D
- -0.17%
- 1M
- -1.03%
- 6M
- 6.76%
- YTD
- 12.84%
- 1Y
- 16.52%
- 3Y*
- 6.50%
- 5Y*
- 5.03%
- 10Y*
- —
- ALL TIME*
- 8.55%
SIVIX
- 1D
- 0.48%
- 1M
- -0.71%
- 6M
- 9.51%
- YTD
- 14.27%
- 1Y
- 19.46%
- 3Y*
- 8.84%
- 5Y*
- 5.33%
- 10Y*
- 9.52%
- ALL TIME*
- 9.19%
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. SIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSMDX Copeland SMID Cap Dividend Growth Fund | 12.84% | 2.72% | 2.24% | 18.89% | -14.89% | 22.60% | 8.29% | 29.90% | -5.20% | 10.44% |
SIVIX State Street Institutional Small-Cap Equity Fund | 14.27% | 0.64% | 10.83% | 14.23% | -14.99% | 21.48% | 15.19% | 26.69% | -10.13% | 9.50% |
Correlation
The correlation between CSMDX and SIVIX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017 | 0.94 |
The correlation between CSMDX and SIVIX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CSMDX vs. SIVIX — Risk / Return Rank
CSMDX
SIVIX
CSMDX vs. SIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Copeland SMID Cap Dividend Growth Fund (CSMDX) and State Street Institutional Small-Cap Equity Fund (SIVIX). 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 | SIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.47 | +0.11 |
| Martin ratioReturn relative to average drawdown | 4.87 | 4.70 | +0.17 |
Loading charts...
Drawdowns
CSMDX vs. SIVIX - Drawdown Comparison
The maximum CSMDX drawdown since its inception was -37.28%, smaller than the maximum SIVIX drawdown of -56.52%. Use the drawdown chart below to compare losses from any high point for CSMDX and SIVIX.
Loading charts...
Drawdown Indicators
| CSMDX | SIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.28% | -56.52% | +19.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -10.92% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -24.60% | -25.67% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -26.51% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.92% | — |
Current DrawdownCurrent decline from peak | -1.60% | -1.18% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -8.78% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.42% | -0.45% |
Volatility
CSMDX vs. SIVIX - Volatility Comparison
Copeland SMID Cap Dividend Growth Fund (CSMDX) and State Street Institutional Small-Cap Equity Fund (SIVIX) have volatilities of 3.30% and 3.45%, 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.
Loading charts...
Volatility by Period
| CSMDX | SIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 3.45% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 11.63% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 16.88% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 20.24% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 21.05% | -1.98% |
CSMDX vs. SIVIX - Expense Ratio Comparison
CSMDX has a 0.95% expense ratio, which is higher than SIVIX's 0.75% expense ratio.
Dividends
CSMDX vs. SIVIX - Dividend Comparison
CSMDX's dividend yield for the trailing twelve months is around 2.78%, less than SIVIX's 15.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSMDX Copeland SMID Cap Dividend Growth Fund | 2.78% | 3.14% | 1.33% | 0.81% | 4.07% | 6.67% | 0.38% | 2.61% | 4.40% | 0.13% | 0.00% | 0.00% |
SIVIX State Street Institutional Small-Cap Equity Fund | 15.39% | 17.59% | 10.99% | 7.77% | 4.87% | 16.56% | 3.16% | 6.27% | 19.92% | 9.35% | 3.38% | 13.07% |
Frequently Asked Questions
With a correlation of 0.93, CSMDX and SIVIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SIVIX has higher volatility (3.45%) compared to CSMDX (3.30%). In terms of maximum drawdown, CSMDX dropped -37.28% vs SIVIX's -56.52%.
CSMDX currently has the higher Sharpe Ratio (1.01 vs 0.95), 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.
Find the right allocation for CSMDX and SIVIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer