VVPSX vs. CSMDX

Last updated Aug 1, 2026

VVPSX (Vulcan Value Partners Small Cap Fund) and CSMDX (Copeland SMID Cap Dividend Growth Fund) are both Small Cap Blend Equities funds. Over the past 5 years, VVPSX returned -3.06%/yr vs 5.03%/yr for CSMDX. Their correlation of 0.82 means they have usually moved in the same direction. VVPSX charges 1.25%/yr vs 0.95%/yr for CSMDX.

Performance

VVPSX vs. CSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vulcan Value Partners Small Cap Fund (VVPSX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VVPSX achieves a 11.31% return, which is significantly lower than CSMDX's 12.84% return.

VVPSX

• 1D: -0.64%
• 1M: 3.17%
• 6M: 7.70%
• YTD: 11.31%
• 1Y: 17.30%
• 3Y*: 5.38%
• 5Y*: -3.06%
• 10Y*: 4.67%
• ALL TIME*: 6.95%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CSMDX Copeland SMID Cap Dividend Growth Fund	$0.00	$0.00	$0.00
VVPSX Vulcan Value Partners Small Cap Fund	$0.00	$0.00	$0.00

VVPSX vs. CSMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VVPSX Vulcan Value Partners Small Cap Fund	11.31%	8.87%	-1.40%	19.75%	-45.18%	45.53%	-3.33%	35.94%	-14.51%	8.70%
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%

Correlation

The correlation between VVPSX and CSMDX is 0.79, 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.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017	0.82

The correlation between VVPSX and CSMDX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

VVPSX vs. CSMDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VVPSX

VVPSX Risk / Return Rank: 20
VVPSX Sharpe Ratio Rank: 21
VVPSX Sortino Ratio Rank: 24
VVPSX Omega Ratio Rank: 21
VVPSX Calmar Ratio Rank: 17
VVPSX Martin Ratio Rank: 15

CSMDX

CSMDX Risk / Return Rank: 33
CSMDX Sharpe Ratio Rank: 30
CSMDX Sortino Ratio Rank: 35
CSMDX Omega Ratio Rank: 29
CSMDX Calmar Ratio Rank: 37
CSMDX Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VVPSX vs. CSMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vulcan Value Partners Small Cap Fund (VVPSX) 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.

	VVPSX	CSMDX	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.01	-0.19
Sortino ratio: Return per unit of downside risk	1.32	1.61	-0.29
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.03
Calmar ratio: Return relative to maximum drawdown	0.88	1.57	-0.69
Martin ratio: Return relative to average drawdown	2.23	4.87	-2.64

VVPSX vs. CSMDX - Sharpe Ratio Comparison

The current VVPSX Sharpe Ratio is 0.82, which is comparable to the CSMDX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of VVPSX and CSMDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VVPSX vs. CSMDX - Drawdown Comparison

The maximum VVPSX drawdown since its inception was -55.43%, which is greater than CSMDX's maximum drawdown of -37.28%. Use the drawdown chart below to compare losses from any high point for VVPSX and CSMDX.

Drawdown Indicators

	VVPSX	CSMDX	Difference
Max Drawdown Largest peak-to-trough decline	-55.43%	-37.28%	-18.15%
Max Drawdown (1Y) Largest decline over 1 year	-16.65%	-9.20%	-7.45%
Max Drawdown (3Y) Largest decline over 3 years	-24.84%	-24.60%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	-55.43%	-24.60%	-30.83%
Max Drawdown (10Y) Largest decline over 10 years	-55.43%	—	—
Current Drawdown Current decline from peak	-29.04%	-1.60%	-27.44%
Average Drawdown Average peak-to-trough decline	-16.39%	-5.69%	-10.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.60%	2.97%	+3.63%

Volatility

VVPSX vs. CSMDX - Volatility Comparison

Vulcan Value Partners Small Cap Fund (VVPSX) has a higher volatility of 5.34% compared to Copeland SMID Cap Dividend Growth Fund (CSMDX) at 3.30%. This indicates that VVPSX's price experiences larger fluctuations and is considered to be riskier than CSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVPSX	CSMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	3.30%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	10.17%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	14.40%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.42%	18.12%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	19.07%	+4.57%

VVPSX vs. CSMDX - Expense Ratio Comparison

VVPSX has a 1.25% expense ratio, which is higher than CSMDX's 0.95% expense ratio.

Dividends

VVPSX vs. CSMDX - Dividend Comparison

VVPSX's dividend yield for the trailing twelve months is around 2.14%, less than CSMDX's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VVPSX Vulcan Value Partners Small Cap Fund	2.14%	2.38%	1.17%	0.35%	14.10%	22.85%	0.09%	4.60%	18.92%	6.38%	0.32%

Frequently Asked Questions

Can I hold both VVPSX and CSMDX in my portfolio?

VVPSX and CSMDX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VVPSX or CSMDX?

VVPSX has higher volatility (5.34%) compared to CSMDX (3.30%). In terms of maximum drawdown, VVPSX dropped -55.43% vs CSMDX's -37.28%.

Which has better risk-adjusted returns?

CSMDX currently has the higher Sharpe Ratio (1.01 vs 0.82), 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.