AUGAX vs. COSZX

Last updated Jun 4, 2026

AUGAX (Columbia Quality Income Fund) and COSZX (Columbia Overseas Value Fund) are both mutual funds - AUGAX is a Intermediate Core-Plus Bond fund managed by Columbia, while COSZX is a Foreign Large Cap Equities fund managed by Columbia. Over the past 10 years, AUGAX returned 1.11%/yr vs 10.22%/yr for COSZX. At a 0.03 correlation, their price movements are largely independent. AUGAX charges 0.89%/yr vs 0.90%/yr for COSZX.

Performance

AUGAX vs. COSZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Quality Income Fund (AUGAX) and Columbia Overseas Value Fund (COSZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUGAX achieves a -0.10% return, which is significantly lower than COSZX's 7.46% return. Over the past 10 years, AUGAX has underperformed COSZX with an annualized return of 1.11%, while COSZX has yielded a comparatively higher 10.22% annualized return.

AUGAX

• 1D: 0.11%
• 1M: 0.24%
• YTD: -0.10%
• 6M: -0.46%
• 1Y: 5.43%
• 3Y*: 4.43%
• 5Y*: -1.44%
• 10Y*: 1.11%

COSZX

• 1D: 0.53%
• 1M: 0.93%
• YTD: 7.46%
• 6M: 10.18%
• 1Y: 28.08%
• 3Y*: 21.79%
• 5Y*: 11.46%
• 10Y*: 10.22%

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

AUGAX vs. COSZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUGAX Columbia Quality Income Fund	-0.10%	9.29%	1.53%	3.67%	-17.22%	-0.15%	5.75%	6.53%	1.51%	2.98%
COSZX Columbia Overseas Value Fund	7.46%	45.80%	4.70%	16.05%	-5.99%	10.78%	-0.07%	22.37%	-16.70%	27.82%

Correlation

The correlation between AUGAX and COSZX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Apr 2, 2008	0.03

Over the past year, AUGAX and COSZX have become more correlated (0.31) than their long-term average of 0.03, meaning their price movements have been converging.

Return for Risk

AUGAX vs. COSZX — Risk / Return Rank

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

AUGAX

AUGAX Risk / Return Rank: 13
AUGAX Sharpe Ratio Rank: 13
AUGAX Sortino Ratio Rank: 14
AUGAX Omega Ratio Rank: 12
AUGAX Calmar Ratio Rank: 13
AUGAX Martin Ratio Rank: 13

COSZX

COSZX Risk / Return Rank: 41
COSZX Sharpe Ratio Rank: 45
COSZX Sortino Ratio Rank: 43
COSZX Omega Ratio Rank: 45
COSZX Calmar Ratio Rank: 37
COSZX Martin Ratio Rank: 37

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.

AUGAX vs. COSZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Quality Income Fund (AUGAX) and Columbia Overseas Value Fund (COSZX). 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.

	AUGAX	COSZX	Difference
Sharpe ratio: Return per unit of total volatility	1.00	1.98	-0.97
Sortino ratio: Return per unit of downside risk	1.51	2.74	-1.23
Omega ratio: Gain probability vs. loss probability	1.17	1.36	-0.19
Calmar ratio: Return relative to maximum drawdown	1.23	2.30	-1.07
Martin ratio: Return relative to average drawdown	3.80	8.12	-4.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUGAX vs. COSZX - Sharpe Ratio Comparison

The current AUGAX Sharpe Ratio is 1.00, which is lower than the COSZX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of AUGAX and COSZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUGAX	COSZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.98	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.73	-0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.59	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.21	+0.49

Drawdowns

AUGAX vs. COSZX - Drawdown Comparison

The maximum AUGAX drawdown since its inception was -25.23%, smaller than the maximum COSZX drawdown of -63.37%. Use the drawdown chart below to compare losses from any high point for AUGAX and COSZX.

Drawdown Indicators

	AUGAX	COSZX	Difference
Max Drawdown Largest peak-to-trough decline	-25.23%	-63.37%	+38.14%
Max Drawdown (1Y) Largest decline over 1 year	-4.29%	-11.76%	+7.47%
Max Drawdown (3Y) Largest decline over 3 years	-8.64%	-13.34%	+4.70%
Max Drawdown (5Y) Largest decline over 5 years	-25.18%	-25.77%	+0.59%
Max Drawdown (10Y) Largest decline over 10 years	-25.23%	-43.40%	+18.17%
Current Drawdown Current decline from peak	-7.10%	-4.51%	-2.59%
Average Drawdown Average peak-to-trough decline	-3.06%	-17.90%	+14.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	3.33%	-1.94%

Volatility

AUGAX vs. COSZX - Volatility Comparison

The current volatility for Columbia Quality Income Fund (AUGAX) is 1.67%, while Columbia Overseas Value Fund (COSZX) has a volatility of 3.56%. This indicates that AUGAX experiences smaller price fluctuations and is considered to be less risky than COSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUGAX	COSZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	3.56%	-1.89%
Volatility (6M) Calculated over the trailing 6-month period	3.52%	10.95%	-7.43%
Volatility (1Y) Calculated over the trailing 1-year period	5.27%	13.77%	-8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.76%	15.84%	-8.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.94%	17.45%	-11.51%

AUGAX vs. COSZX - Expense Ratio Comparison

AUGAX has a 0.89% expense ratio, which is lower than COSZX's 0.90% expense ratio.

Dividends

AUGAX vs. COSZX - Dividend Comparison

AUGAX's dividend yield for the trailing twelve months is around 4.17%, less than COSZX's 7.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUGAX Columbia Quality Income Fund	4.17%	4.04%	3.92%	3.27%	2.68%	2.14%	3.97%	2.64%	2.40%	2.57%	2.56%	2.94%
COSZX Columbia Overseas Value Fund	7.36%	7.91%	5.38%	3.97%	1.88%	3.59%	1.69%	3.82%	3.59%	1.71%	1.99%	2.27%

Frequently Asked Questions

Can I hold both AUGAX and COSZX in my portfolio?

AUGAX and COSZX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUGAX or COSZX?

COSZX has higher volatility (3.56%) compared to AUGAX (1.67%). In terms of maximum drawdown, AUGAX dropped -25.23% vs COSZX's -63.37%.

Which has better risk-adjusted returns?

COSZX currently has the higher Sharpe Ratio (1.98 vs 1.00), 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.