ABYSX vs. CSMIX

Last updated Aug 4, 2026

ABYSX (AB Discovery Value Fund) and CSMIX (Columbia Small Cap Value Fund I) are both Small Cap Value Equities funds. Over the past 10 years, ABYSX returned 9.37%/yr vs 11.54%/yr for CSMIX. Their correlation of 0.94 means they have usually moved in the same direction. ABYSX charges 0.83%/yr vs 1.26%/yr for CSMIX.

Performance

ABYSX vs. CSMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Discovery Value Fund (ABYSX) and Columbia Small Cap Value Fund I (CSMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABYSX achieves a 18.56% return, which is significantly higher than CSMIX's 12.89% return. Over the past 10 years, ABYSX has underperformed CSMIX with an annualized return of 9.37%, while CSMIX has yielded a comparatively higher 11.54% annualized return.

ABYSX

• 1D: 0.16%
• 1M: -1.00%
• 6M: 10.57%
• YTD: 18.56%
• 1Y: 24.59%
• 3Y*: 11.86%
• 5Y*: 7.29%
• 10Y*: 9.37%
• ALL TIME*: 10.15%

CSMIX

• 1D: -0.14%
• 1M: 0.06%
• 6M: 6.14%
• YTD: 12.89%
• 1Y: 32.61%
• 3Y*: 14.37%
• 5Y*: 10.25%
• 10Y*: 11.54%
• ALL TIME*: 10.24%

*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)
ABYSX AB Discovery Value Fund	$0.00	$0.00	$0.00
CSMIX Columbia Small Cap Value Fund I	$0.00	$0.00	$0.00

ABYSX vs. CSMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABYSX AB Discovery Value Fund	18.56%	2.84%	9.84%	17.04%	-16.10%	35.67%	3.34%	20.10%	-15.10%	12.88%
CSMIX Columbia Small Cap Value Fund I	12.89%	14.65%	8.66%	21.42%	-8.87%	28.95%	7.82%	21.01%	-18.37%	13.77%

Correlation

The correlation between ABYSX and CSMIX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Mar 29, 2001	0.95

The correlation between ABYSX and CSMIX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

Return for Risk

ABYSX vs. CSMIX — Risk / Return Rank

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

ABYSX

ABYSX Risk / Return Rank: 48
ABYSX Sharpe Ratio Rank: 46
ABYSX Sortino Ratio Rank: 51
ABYSX Omega Ratio Rank: 42
ABYSX Calmar Ratio Rank: 57
ABYSX Martin Ratio Rank: 47

CSMIX

CSMIX Risk / Return Rank: 66
CSMIX Sharpe Ratio Rank: 65
CSMIX Sortino Ratio Rank: 60
CSMIX Omega Ratio Rank: 64
CSMIX Calmar Ratio Rank: 76
CSMIX Martin Ratio Rank: 64

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.

ABYSX vs. CSMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Discovery Value Fund (ABYSX) and Columbia Small Cap Value Fund I (CSMIX). 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.

	ABYSX	CSMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.65	-0.24
Sortino ratio: Return per unit of downside risk	2.13	2.28	-0.15
Omega ratio: Gain probability vs. loss probability	1.25	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	2.15	2.57	-0.42
Martin ratio: Return relative to average drawdown	7.00	8.73	-1.73

ABYSX vs. CSMIX - Sharpe Ratio Comparison

The current ABYSX Sharpe Ratio is 1.40, which is comparable to the CSMIX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ABYSX and CSMIX, 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

ABYSX vs. CSMIX - Drawdown Comparison

The maximum ABYSX drawdown since its inception was -60.01%, which is greater than CSMIX's maximum drawdown of -53.37%. Use the drawdown chart below to compare losses from any high point for ABYSX and CSMIX.

Drawdown Indicators

	ABYSX	CSMIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.01%	-53.37%	-6.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-11.94%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	-24.81%	-25.98%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	-25.98%	+1.17%
Max Drawdown (10Y) Largest decline over 10 years	-48.86%	-48.42%	-0.44%
Current Drawdown Current decline from peak	-2.29%	-3.32%	+1.03%
Average Drawdown Average peak-to-trough decline	-8.65%	-8.90%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.55%	-0.34%

Volatility

ABYSX vs. CSMIX - Volatility Comparison

AB Discovery Value Fund (ABYSX) has a higher volatility of 4.07% compared to Columbia Small Cap Value Fund I (CSMIX) at 3.62%. This indicates that ABYSX's price experiences larger fluctuations and is considered to be riskier than CSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABYSX	CSMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	3.62%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	13.48%	-2.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	18.67%	-2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	21.51%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.79%	23.92%	-1.13%

ABYSX vs. CSMIX - Expense Ratio Comparison

ABYSX has a 0.83% expense ratio, which is lower than CSMIX's 1.26% expense ratio.

Dividends

ABYSX vs. CSMIX - Dividend Comparison

ABYSX's dividend yield for the trailing twelve months is around 5.06%, less than CSMIX's 9.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABYSX AB Discovery Value Fund	5.06%	6.00%	14.12%	6.27%	7.61%	9.48%	0.77%	4.15%	12.31%	6.54%	3.67%	6.50%
CSMIX Columbia Small Cap Value Fund I	9.80%	14.23%	6.67%	7.57%	6.02%	13.34%	0.50%	3.58%	9.79%	11.56%	11.58%	12.73%

Frequently Asked Questions

Can I hold both ABYSX and CSMIX in my portfolio?

ABYSX and CSMIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABYSX or CSMIX?

ABYSX has higher volatility (4.07%) compared to CSMIX (3.62%). In terms of maximum drawdown, ABYSX dropped -60.01% vs CSMIX's -53.37%.

Which has better risk-adjusted returns?

CSMIX currently has the higher Sharpe Ratio (1.65 vs 1.40), 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.