AAIZX vs. CCOYX

Last updated Apr 2, 2026

Compare and contrast key facts about Alger AI Enablers & Adopters Z (AAIZX) and Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX).

AAIZX is an actively managed fund by Alger. It was launched on Apr 4, 2024. CCOYX is an actively managed fund by Columbia. It was launched on Jun 23, 1983.

Performance

AAIZX vs. CCOYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger AI Enablers & Adopters Z (AAIZX) and Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX). The values are adjusted to include any dividend payments, if applicable.

AAIZX vs. CCOYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AAIZX Alger AI Enablers & Adopters Z	-7.82%	41.00%	33.76%
CCOYX Columbia Seligman Technology and Information Fund Institutional 3 Class	5.84%	37.79%	17.21%

Returns By Period

In the year-to-date period, AAIZX achieves a -7.82% return, which is significantly lower than CCOYX's 5.84% return.

AAIZX

• 1D: 4.88%
• 1M: -2.33%
• YTD: -7.82%
• 6M: -10.37%
• 1Y: 46.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CCOYX

• 1D: 5.58%
• 1M: -4.94%
• YTD: 5.84%
• 6M: 9.67%
• 1Y: 65.81%
• 3Y*: 32.08%
• 5Y*: 17.47%
• 10Y*: —

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

AAIZX vs. CCOYX - Expense Ratio Comparison

AAIZX has a 0.55% expense ratio, which is lower than CCOYX's 0.82% expense ratio.

CCOYX

Columbia Seligman Technology and Information Fund Institutional 3 Class

AAIZX

Alger AI Enablers & Adopters Z

Return for Risk

AAIZX vs. CCOYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAIZX

AAIZX Risk / Return Rank: 83
AAIZX Sharpe Ratio Rank: 84
AAIZX Sortino Ratio Rank: 84
AAIZX Omega Ratio Rank: 78
AAIZX Calmar Ratio Rank: 90
AAIZX Martin Ratio Rank: 77

CCOYX

CCOYX Risk / Return Rank: 93
CCOYX Sharpe Ratio Rank: 93
CCOYX Sortino Ratio Rank: 91
CCOYX Omega Ratio Rank: 87
CCOYX Calmar Ratio Rank: 98
CCOYX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAIZX vs. CCOYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters Z (AAIZX) and Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX). 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.

	AAIZX	CCOYX	Difference
Sharpe ratio Return per unit of total volatility	1.68	2.19	-0.51
Sortino ratio Return per unit of downside risk	2.33	2.77	-0.44
Omega ratio Gain probability vs. loss probability	1.31	1.39	-0.07
Calmar ratio Return relative to maximum drawdown	2.71	4.50	-1.80
Martin ratio Return relative to average drawdown	8.16	17.02	-8.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAIZX vs. CCOYX - Sharpe Ratio Comparison

The current AAIZX Sharpe Ratio is 1.68, which is comparable to the CCOYX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of AAIZX and CCOYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AAIZX	CCOYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.19	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.85	+0.32

Correlation

The correlation between AAIZX and CCOYX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AAIZX vs. CCOYX - Dividend Comparison

AAIZX's dividend yield for the trailing twelve months is around 6.85%, less than CCOYX's 7.63% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAIZX Alger AI Enablers & Adopters Z	6.85%	6.31%	4.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CCOYX Columbia Seligman Technology and Information Fund Institutional 3 Class	7.63%	8.08%	12.32%	4.60%	8.17%	10.62%	9.52%	10.61%	11.42%	10.60%

Drawdowns

AAIZX vs. CCOYX - Drawdown Comparison

The maximum AAIZX drawdown since its inception was -29.00%, smaller than the maximum CCOYX drawdown of -37.16%. Use the drawdown chart below to compare losses from any high point for AAIZX and CCOYX.

Drawdown Indicators

	AAIZX	CCOYX	Difference
Max Drawdown Largest peak-to-trough decline	-29.00%	-37.16%	+8.16%
Max Drawdown (1Y) Largest decline over 1 year	-17.47%	-14.88%	-2.59%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.16%	—
Current Drawdown Current decline from peak	-13.44%	-7.00%	-6.44%
Average Drawdown Average peak-to-trough decline	-5.25%	-7.81%	+2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.79%	3.94%	+1.85%

Volatility

AAIZX vs. CCOYX - Volatility Comparison

The current volatility for Alger AI Enablers & Adopters Z (AAIZX) is 9.48%, while Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX) has a volatility of 11.14%. This indicates that AAIZX experiences smaller price fluctuations and is considered to be less risky than CCOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAIZX	CCOYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.48%	11.14%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	17.87%	21.67%	-3.80%
Volatility (1Y) Calculated over the trailing 1-year period	28.91%	31.00%	-2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.99%	26.06%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.99%	26.75%	+1.24%