BGCIX vs. CLMVX
BGCIX (BlackRock Global Long/Short Credit Fund) and CLMVX (Columbia Mortgage Opportunities Fund) are both Nontraditional Bonds funds. Over the past 10 years, BGCIX returned 4.13%/yr vs 4.07%/yr for CLMVX. Their 0.16 correlation means their historical movements had little consistent relationship. BGCIX charges 1.12%/yr vs 0.70%/yr for CLMVX.
Performance
BGCIX vs. CLMVX - Performance Comparison
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Returns By Period
In the year-to-date period, BGCIX achieves a 1.44% return, which is significantly higher than CLMVX's 0.09% return. Both investments have delivered pretty close results over the past 10 years, with BGCIX having a 4.13% annualized return and CLMVX not far behind at 4.07%.
BGCIX
- 1D
- 0.22%
- 1M
- -0.11%
- 6M
- 1.10%
- YTD
- 1.44%
- 1Y
- 3.04%
- 3Y*
- 6.93%
- 5Y*
- 3.31%
- 10Y*
- 4.13%
- ALL TIME*
- 3.64%
CLMVX
- 1D
- 0.24%
- 1M
- -0.86%
- 6M
- -0.67%
- YTD
- 0.09%
- 1Y
- 3.82%
- 3Y*
- 7.48%
- 5Y*
- 0.83%
- 10Y*
- 4.07%
- ALL TIME*
- 3.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BGCIX vs. CLMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGCIX BlackRock Global Long/Short Credit Fund | 1.44% | 6.55% | 8.47% | 8.87% | -8.02% | 3.48% | 10.71% | 7.43% | -1.78% | 3.46% |
CLMVX Columbia Mortgage Opportunities Fund | 0.09% | 11.95% | 5.30% | 7.57% | -17.82% | 5.44% | 9.25% | 6.44% | 7.90% | 5.41% |
Correlation
The correlation between BGCIX and CLMVX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.16 |
The correlation between BGCIX and CLMVX shifts across timeframes, from 0.16 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BGCIX vs. CLMVX — Risk / Return Rank
BGCIX
CLMVX
BGCIX vs. CLMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Long/Short Credit Fund (BGCIX) and Columbia Mortgage Opportunities Fund (CLMVX). 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.
| BGCIX | CLMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.22 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.57 | +1.62 |
| Martin ratioReturn relative to average drawdown | 12.87 | 4.08 | +8.78 |
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Drawdowns
BGCIX vs. CLMVX - Drawdown Comparison
The maximum BGCIX drawdown since its inception was -10.37%, smaller than the maximum CLMVX drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for BGCIX and CLMVX.
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Drawdown Indicators
| BGCIX | CLMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.37% | -22.15% | +11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.99% | -3.20% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.18% | -6.23% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -9.78% | -21.60% | +11.82% |
Max Drawdown (10Y)Largest decline over 10 years | -10.37% | -22.15% | +11.78% |
Current DrawdownCurrent decline from peak | -0.22% | -2.32% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -3.95% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.22% | -0.97% |
Volatility
BGCIX vs. CLMVX - Volatility Comparison
The current volatility for BlackRock Global Long/Short Credit Fund (BGCIX) is 0.49%, while Columbia Mortgage Opportunities Fund (CLMVX) has a volatility of 1.23%. This indicates that BGCIX experiences smaller price fluctuations and is considered to be less risky than CLMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGCIX | CLMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.23% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 3.25% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 4.18% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 6.78% | -4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 5.57% | -2.43% |
BGCIX vs. CLMVX - Expense Ratio Comparison
BGCIX has a 1.12% expense ratio, which is higher than CLMVX's 0.70% expense ratio.
Dividends
BGCIX vs. CLMVX - Dividend Comparison
BGCIX's dividend yield for the trailing twelve months is around 5.74%, more than CLMVX's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGCIX BlackRock Global Long/Short Credit Fund | 5.74% | 5.83% | 7.13% | 3.33% | 8.25% | 3.57% | 9.87% | 3.75% | 6.01% | 1.16% | 0.00% | 5.11% |
CLMVX Columbia Mortgage Opportunities Fund | 4.93% | 5.63% | 5.88% | 6.64% | 6.89% | 4.43% | 6.05% | 4.36% | 4.51% | 7.85% | 4.52% | 4.86% |
Frequently Asked Questions
BGCIX and CLMVX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLMVX has higher volatility (1.23%) compared to BGCIX (0.49%). In terms of maximum drawdown, BGCIX dropped -10.37% vs CLMVX's -22.15%.
BGCIX currently has the higher Sharpe Ratio (2.32 vs 1.20), 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.
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