Columbia Ultra Short Term Bond Fund (CMGUX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with CMGUX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CMGUX
CMGUX charges 0.25% annually. There are 11 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | CMGUX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | CMGUX vs DFIHX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | CMGUX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | CMGUX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | CMGUX vs DFYGX |
Best Risk-Adjusted Alternatives to CMGUX
CMGUX has a PortfoliosLab risk / return rank of 99. There are 16 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | CMGUX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | CMGUX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | CMGUX vs DFIHX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | CMGUX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | CMGUX vs PAIPX |
Top Performing CMGUX Alternatives (YTD)
CMGUX is at 1.92% YTD. There are 8 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.62% | — | Dec 2010 | CMGUX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | CMGUX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | CMGUX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | CMGUX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | CMGUX vs ENIAX |
Lowest Volatility Alternatives to CMGUX
CMGUX has 1.37% 1-year volatility. There are 35 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | CMGUX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | CMGUX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.64% | — | Jul 1983 | CMGUX vs DFIHX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | CMGUX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.66% | — | Sep 1987 | CMGUX vs PRTBX |
Lowest Drawdown Alternatives to CMGUX
CMGUX has a 1-year max drawdown of -0.22%. There are 13 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | CMGUX vs DFIHX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | CMGUX vs FCNVX | |
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | CMGUX vs TMPFX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | CMGUX vs FHQFX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | CMGUX vs NUSIX |
Other Mutual Funds from Columbia
The 10 most viewed Columbia mutual funds shown here include SLMCX, GSFTX, CDDYX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund | Technology Equities | 95 | 53.55% | — | Jun 1983 | CMGUX vs SLMCX | |
| Columbia Dividend Income Fund | Large Cap Value Equities | 86 | 11.33% | — | Mar 1998 | CMGUX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | Large Cap Value Equities, Dividend | 86 | 11.40% | — | Nov 2012 | CMGUX vs CDDYX | |
| Columbia Dividend Income Fund Class A | Large Cap Value Equities | 85 | 11.18% | — | Nov 2002 | CMGUX vs LBSAX | |
| Columbia Seligman Global Technology Fund | Technology Equities | 94 | 52.49% | — | May 1994 | CMGUX vs SHGTX | |
| Columbia Global Technology Growth Fund Class A | Technology Equities, Large Cap Growth Equities | 61 | 26.10% | — | Nov 2000 | CMGUX vs CTCAX | |
| Columbia Global Technology Growth Fund | Technology Equities | 62 | 26.26% | — | Nov 2000 | CMGUX vs CMTFX | |
| Columbia Contrarian Core Fund | Large Cap Blend Equities | 47 | 10.05% | — | Dec 1992 | CMGUX vs SMGIX | |
| Columbia Balanced Fund | Diversified Portfolio | 51 | 6.51% | — | Sep 1991 | CMGUX vs CBALX | |
| Columbia Overseas Value Fund | Foreign Large Cap Equities | 43 | 6.46% | — | Mar 2008 | CMGUX vs COSZX |
Often Compared With CMGUX
Investors most often compare CMGUX with CBUDX, UMNIX, SMBPX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare CMGUX with Any Fund or Stock
Compare CMGUX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CMGUX with funds that move differently
Columbia Ultra Short Term Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CMGUX.
Explore CMGUX Diversifiers