NAESX vs. CSMDX
NAESX (Vanguard Small Cap Index Fund) and CSMDX (Copeland SMID Cap Dividend Growth Fund) are both Small Cap Blend Equities funds. Over the past 5 years, NAESX returned 7.30%/yr vs 5.09%/yr for CSMDX. Their correlation of 0.94 means they have usually moved in the same direction. NAESX charges 0.17%/yr vs 0.95%/yr for CSMDX.
Performance
NAESX vs. CSMDX - Performance Comparison
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Returns By Period
In the year-to-date period, NAESX achieves a 15.09% return, which is significantly higher than CSMDX's 13.17% return.
NAESX
- 1D
- -0.24%
- 1M
- -1.81%
- 6M
- 9.20%
- YTD
- 15.09%
- 1Y
- 25.68%
- 3Y*
- 13.86%
- 5Y*
- 7.30%
- 10Y*
- 10.93%
- ALL TIME*
- 9.36%
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%
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 |
NAESX vs. CSMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAESX Vanguard Small Cap Index Fund | 15.09% | 8.71% | 12.83% | 19.35% | -17.71% | 17.60% | 18.92% | 27.22% | -9.44% | 11.25% |
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% |
Correlation
The correlation between NAESX and CSMDX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017 | 0.94 |
The correlation between NAESX and CSMDX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
NAESX vs. CSMDX — Risk / Return Rank
NAESX
CSMDX
NAESX vs. CSMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Index Fund (NAESX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). 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.
| NAESX | CSMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 1.72 | +0.92 |
| Martin ratioReturn relative to average drawdown | 9.70 | 5.33 | +4.37 |
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Drawdowns
NAESX vs. CSMDX - Drawdown Comparison
The maximum NAESX drawdown since its inception was -59.77%, which is greater than CSMDX's maximum drawdown of -37.28%. Use the drawdown chart below to compare losses from any high point for NAESX and CSMDX.
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Drawdown Indicators
| NAESX | CSMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -37.28% | -22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.98% | -9.20% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -25.28% | -24.60% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -24.60% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.82% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -1.31% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -11.79% | -5.69% | -6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 2.97% | -0.52% |
Volatility
NAESX vs. CSMDX - Volatility Comparison
Vanguard Small Cap Index Fund (NAESX) and Copeland SMID Cap Dividend Growth Fund (CSMDX) have volatilities of 3.29% and 3.31%, 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.
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Volatility by Period
| NAESX | CSMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.31% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 10.17% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 14.39% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 18.12% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.55% | 19.07% | +2.48% |
NAESX vs. CSMDX - Expense Ratio Comparison
NAESX has a 0.17% expense ratio, which is lower than CSMDX's 0.95% expense ratio.
Dividends
NAESX vs. CSMDX - Dividend Comparison
NAESX's dividend yield for the trailing twelve months is around 1.10%, less than CSMDX's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NAESX Vanguard Small Cap Index Fund | 1.10% | 1.22% | 1.19% | 1.43% | 1.41% | 1.12% | 1.05% | 1.27% | 1.53% | 1.24% | 1.39% | 1.35% |
Frequently Asked Questions
NAESX and CSMDX have a correlation of 0.89, 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 NAESX (3.29%). In terms of maximum drawdown, NAESX dropped -59.77% vs CSMDX's -37.28%.
NAESX currently has the higher Sharpe Ratio (1.45 vs 1.11), 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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