CTIGX vs. CCSMX
CTIGX (Calamos Timpani SMID Growth Fund) and CCSMX (Conestoga SMid Cap Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, CTIGX returned 7.63%/yr vs -2.97%/yr for CCSMX. Their correlation of 0.81 means they have usually moved in the same direction. Both charge a 1.10% expense ratio.
Performance
CTIGX vs. CCSMX - Performance Comparison
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Returns By Period
In the year-to-date period, CTIGX achieves a 13.49% return, which is significantly higher than CCSMX's -7.13% return.
CTIGX
- 1D
- -0.20%
- 1M
- -9.27%
- 6M
- 11.44%
- YTD
- 13.49%
- 1Y
- 33.39%
- 3Y*
- 25.23%
- 5Y*
- 7.63%
- 10Y*
- —
- ALL TIME*
- 13.22%
CCSMX
- 1D
- 0.74%
- 1M
- -3.57%
- 6M
- -7.52%
- YTD
- -7.13%
- 1Y
- -10.37%
- 3Y*
- 0.54%
- 5Y*
- -2.97%
- 10Y*
- 9.09%
- ALL TIME*
- 6.84%
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 |
CTIGX vs. CCSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CTIGX Calamos Timpani SMID Growth Fund | 13.49% | 21.21% | 44.09% | 12.26% | -34.88% | 7.64% | 58.94% | -3.80% |
CCSMX Conestoga SMid Cap Fund | -7.13% | -5.91% | 10.44% | 25.77% | -29.47% | 15.26% | 28.44% | 2.20% |
Correlation
The correlation between CTIGX and CCSMX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2019 | 0.81 |
Over the past year, the correlation between CTIGX and CCSMX has dropped to 0.51 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
CTIGX vs. CCSMX — Risk / Return Rank
CTIGX
CCSMX
CTIGX vs. CCSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Timpani SMID Growth Fund (CTIGX) and Conestoga SMid Cap Fund (CCSMX). 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.
| CTIGX | CCSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.91 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.60 | +2.45 |
| Martin ratioReturn relative to average drawdown | 7.59 | -1.11 | +8.70 |
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Drawdowns
CTIGX vs. CCSMX - Drawdown Comparison
The maximum CTIGX drawdown since its inception was -46.26%, which is greater than CCSMX's maximum drawdown of -37.34%. Use the drawdown chart below to compare losses from any high point for CTIGX and CCSMX.
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Drawdown Indicators
| CTIGX | CCSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.26% | -37.34% | -8.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.83% | -18.40% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -29.30% | -25.00% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -46.26% | -37.34% | -8.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.34% | — |
Current DrawdownCurrent decline from peak | -14.01% | -20.61% | +6.60% |
Average DrawdownAverage peak-to-trough decline | -18.30% | -10.34% | -7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 9.93% | -5.83% |
Volatility
CTIGX vs. CCSMX - Volatility Comparison
Calamos Timpani SMID Growth Fund (CTIGX) has a higher volatility of 9.58% compared to Conestoga SMid Cap Fund (CCSMX) at 4.81%. This indicates that CTIGX's price experiences larger fluctuations and is considered to be riskier than CCSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTIGX | CCSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 4.81% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 12.28% | +11.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.17% | 17.15% | +12.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.52% | 20.60% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.27% | 20.36% | +8.91% |
CTIGX vs. CCSMX - Expense Ratio Comparison
Both CTIGX and CCSMX have an expense ratio of 1.10%.
Dividends
CTIGX vs. CCSMX - Dividend Comparison
CTIGX's dividend yield for the trailing twelve months is around 4.04%, more than CCSMX's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CCSMX Conestoga SMid Cap Fund | 2.35% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.33% | 1.04% | 0.33% |
CTIGX Calamos Timpani SMID Growth Fund | 4.04% | 4.59% | 2.80% | 0.00% | 0.00% | 11.76% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CTIGX and CCSMX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTIGX has higher volatility (9.58%) compared to CCSMX (4.81%). In terms of maximum drawdown, CTIGX dropped -46.26% vs CCSMX's -37.34%.
CTIGX currently has the higher Sharpe Ratio (1.07 vs -0.65), 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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