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 | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | CMGUX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | CMGUX vs CUTAX | |
| 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 14 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | CMGUX vs NUSIX | |
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | CMGUX vs TMPFX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | CMGUX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | CMGUX vs DFIHX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | CMGUX vs FHQFX |
Top Performing CMGUX Alternatives (YTD)
CMGUX is at 1.92% YTD. There are 11 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Medalist Partners Short Duration Fund | 2.62% | — | Dec 2010 | CMGUX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | CMGUX vs PTSHX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 2.33% | — | Mar 2016 | CMGUX vs TSDUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.27% | — | Dec 2006 | CMGUX vs ENIAX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | CMGUX vs PAIPX |
Lowest Volatility Alternatives to CMGUX
CMGUX has 1.39% 1-year volatility. There are 39 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.61%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.61% | — | Mar 2017 | CMGUX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | CMGUX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | CMGUX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | CMGUX vs PRTBX | |
| DFA One Year Fixed Income Portfolio | 0.65% | — | Jul 1983 | CMGUX vs DFIHX |
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 | |
|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | CMGUX vs BUBSX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | CMGUX vs FCNVX | |
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | CMGUX vs DFIHX | |
| PIMCO Short Asset Investment Fund | -0.10% | — | May 2012 | CMGUX vs PAIPX | |
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | CMGUX vs TMPFX |
Other Mutual Funds from Columbia
The 10 most viewed Columbia mutual funds shown here include SLMCX, STK, GSFTX and span 8 categories.
Often Compared With CMGUX
Investors most often compare CMGUX with SMBPX, BBSOX, FAPGX. These 20 comparison targets span 2 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