- ISIN
- US19765Y1753
- Issuer
- Columbia
- Inception Date
- Jun 18, 2012
- Category
- Tactical Allocation
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CRAZX Performance Chart
Columbia Adaptive Risk Allocation Fund (CRAZX) is up 9.1% since the beginning of the year. CRAZX is currently trading at $12 per share. Investors who bought $1,000 worth of CRAZX shares 5 years ago would now be looking at an investment worth $1,317.
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Returns By Period
Columbia Adaptive Risk Allocation Fund (CRAZX) has returned 9.07% so far this year and 19.33% over the past 12 months. Over the last ten years, CRAZX has returned 7.10% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Columbia Adaptive Risk Allocation Fund
- 1D
- 0.70%
- 1M
- 0.70%
- YTD
- 9.07%
- 6M
- 9.17%
- 1Y
- 19.33%
- 3Y*
- 12.09%
- 5Y*
- 5.66%
- 10Y*
- 7.10%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CRAZX Monthly Returns History
Based on dividend-adjusted daily data since Jun 19, 2012, CRAZX's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +6.9%, while the worst month was Jun 2013 at -6.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CRAZX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +3.9%, while the worst single day was Jun 20, 2013 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.12% | 2.66% | -3.21% | 4.79% | 1.85% | -0.26% | 9.07% | ||||||
| 2025 | 1.99% | 1.13% | -2.14% | -0.21% | 2.08% | 3.47% | 0.59% | 2.25% | 2.21% | 1.97% | 0.55% | -0.30% | 14.35% |
| 2024 | -0.33% | 1.44% | 2.73% | -3.51% | 2.75% | 1.61% | 1.79% | 1.76% | 2.14% | -2.59% | 3.28% | -3.16% | 7.85% |
| 2023 | 3.35% | -3.47% | 3.23% | 0.46% | -2.08% | 2.59% | 1.38% | -1.70% | -3.69% | -2.51% | 6.88% | 4.71% | 8.84% |
| 2022 | -1.88% | -1.92% | -1.27% | -3.36% | -0.72% | -3.20% | 4.15% | -3.68% | -5.31% | 0.90% | 3.22% | -2.68% | -15.03% |
| 2021 | -0.69% | -0.17% | 0.96% | 3.37% | 1.25% | 1.65% | 1.95% | 1.04% | -3.55% | 2.37% | 0.16% | 2.51% | 11.20% |
Benchmark Metrics
Columbia Adaptive Risk Allocation Fund has an annualized alpha of 1.23%, beta of 0.34, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since June 19, 2012.
- This fund participated in 57.50% of S&P 500 Index downside but only 44.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.34 may look defensive, but with R2 of 0.49 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.23%
- Beta
- 0.34
- R²
- 0.49
- Upside Capture
- 44.39%
- Downside Capture
- 57.50%
Expense Ratio
CRAZX has an expense ratio of 0.74%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CRAZX ranks 80 for risk / return — in the top 80% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Columbia Adaptive Risk Allocation Fund (CRAZX) and compare them to S&P 500 Index.
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.
| CRAZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.78 | +0.93 |
| Martin ratioReturn relative to average drawdown | 15.96 | 12.44 | +3.52 |
Dividends
Dividend History
Columbia Adaptive Risk Allocation Fund provided a 2.63% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.24 | $0.05 | $0.68 | $2.17 | $0.25 | $0.81 | $0.61 | $0.78 | $0.10 | $0.10 |
Dividend yield | 2.63% | 2.87% | 2.52% | 0.55% | 8.14% | 20.39% | 2.12% | 7.51% | 6.22% | 7.14% | 0.94% | 1.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Adaptive Risk Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.17 | $2.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Columbia Adaptive Risk Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Columbia Adaptive Risk Allocation Fund was 18.21%, occurring on Oct 25, 2023. Recovery took 180 trading sessions.
The current Columbia Adaptive Risk Allocation Fund drawdown is 0.77%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -18.21%Oct 2023 | 1y 10mo | 8mo 25d | 2y 6moDec 2021 - Jul 2024 |
2013 correction2013 | -16.27%Jun 2013 | 6mo 15d | 1y 2d | 1y 6moDec 2012 - Jun 2014 |
COVID crash2020 | -13.37%Mar 2020 | 1mo 27d | 4mo 21d | 6mo 18dJan 2020 - Aug 2020 |
2016 correction2016 | -11.23%Jan 2016 | 8mo 27d | 5mo 12d | 1y 2moApr 2015 - Jun 2016 |
Rate-hike selloffLate 2018 | -9.02%Dec 2018 | 10mo 29d | 2mo 18d | 1y 1moJan 2018 - Mar 2019 |
Drawdown Indicators
| CRAZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.21% | -56.78% | +38.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -9.10% | +3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -8.82% | -18.90% | +10.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.21% | -25.43% | +7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -18.21% | -33.92% | +15.71% |
Current DrawdownCurrent decline from peak | -0.77% | -1.80% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -10.71% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 2.03% | -0.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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