CBALX vs. COTZX

Last updated Jun 24, 2026

CBALX (Columbia Balanced Fund) and COTZX (Columbia Thermostat Fund) are both mutual funds - CBALX is a Diversified Portfolio fund managed by Columbia, while COTZX is a Tactical Allocation fund managed by Columbia. Over the past 10 years, CBALX returned 10.22%/yr vs 7.45%/yr for COTZX. Their correlation of 0.87 suggests significant overlap in exposure. CBALX charges 0.67%/yr vs 0.24%/yr for COTZX.

Performance

CBALX vs. COTZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Balanced Fund (CBALX) and Columbia Thermostat Fund (COTZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBALX achieves a 5.48% return, which is significantly higher than COTZX's 2.76% return. Over the past 10 years, CBALX has outperformed COTZX with an annualized return of 10.22%, while COTZX has yielded a comparatively lower 7.45% annualized return.

CBALX

• 1D: -0.52%
• 1M: 0.72%
• YTD: 5.48%
• 6M: 5.08%
• 1Y: 16.33%
• 3Y*: 14.46%
• 5Y*: 8.06%
• 10Y*: 10.22%

COTZX

• 1D: -0.33%
• 1M: 0.38%
• YTD: 2.76%
• 6M: 2.58%
• 1Y: 10.68%
• 3Y*: 10.37%
• 5Y*: 4.55%
• 10Y*: 7.45%

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

CBALX vs. COTZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBALX Columbia Balanced Fund	5.48%	14.14%	14.60%	21.49%	-16.63%	14.92%	17.91%	23.05%	-5.75%	14.29%
COTZX Columbia Thermostat Fund	2.76%	15.02%	7.98%	11.66%	-12.92%	6.44%	29.61%	15.15%	-1.17%	3.33%

Correlation

The correlation between CBALX and COTZX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 26, 2002	0.87

The correlation between CBALX and COTZX shifts across timeframes, from 0.79 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CBALX vs. COTZX — Risk / Return Rank

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

CBALX

CBALX Risk / Return Rank: 51
CBALX Sharpe Ratio Rank: 51
CBALX Sortino Ratio Rank: 50
CBALX Omega Ratio Rank: 50
CBALX Calmar Ratio Rank: 50
CBALX Martin Ratio Rank: 57

COTZX

COTZX Risk / Return Rank: 64
COTZX Sharpe Ratio Rank: 60
COTZX Sortino Ratio Rank: 66
COTZX Omega Ratio Rank: 64
COTZX Calmar Ratio Rank: 58
COTZX Martin Ratio Rank: 72

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.

CBALX vs. COTZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Balanced Fund (CBALX) and Columbia Thermostat Fund (COTZX). 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.

	CBALX	COTZX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.10	-0.15
Sortino ratio: Return per unit of downside risk	2.73	3.09	-0.36
Omega ratio: Gain probability vs. loss probability	1.36	1.41	-0.05
Calmar ratio: Return relative to maximum drawdown	2.58	2.80	-0.22
Martin ratio: Return relative to average drawdown	10.75	12.88	-2.13

CBALX vs. COTZX - Sharpe Ratio Comparison

The current CBALX Sharpe Ratio is 1.94, which is comparable to the COTZX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of CBALX and COTZX, 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

CBALX vs. COTZX - Drawdown Comparison

The maximum CBALX drawdown since its inception was -34.53%, smaller than the maximum COTZX drawdown of -47.48%. Use the drawdown chart below to compare losses from any high point for CBALX and COTZX.

Drawdown Indicators

	CBALX	COTZX	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-47.48%	+12.95%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	-4.02%	-2.61%
Max Drawdown (3Y) Largest decline over 3 years	-12.06%	-6.93%	-5.13%
Max Drawdown (5Y) Largest decline over 5 years	-20.91%	-17.80%	-3.11%
Max Drawdown (10Y) Largest decline over 10 years	-22.73%	-17.80%	-4.93%
Current Drawdown Current decline from peak	-1.26%	-0.71%	-0.55%
Average Drawdown Average peak-to-trough decline	-5.30%	-3.46%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	0.87%	+0.72%

Volatility

CBALX vs. COTZX - Volatility Comparison

Columbia Balanced Fund (CBALX) has a higher volatility of 3.69% compared to Columbia Thermostat Fund (COTZX) at 2.19%. This indicates that CBALX's price experiences larger fluctuations and is considered to be riskier than COTZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBALX	COTZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	2.19%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	7.10%	4.39%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	8.81%	5.37%	+3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	7.39%	+3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	7.42%	+3.97%

CBALX vs. COTZX - Expense Ratio Comparison

CBALX has a 0.67% expense ratio, which is higher than COTZX's 0.24% expense ratio.

Dividends

CBALX vs. COTZX - Dividend Comparison

CBALX's dividend yield for the trailing twelve months is around 6.22%, more than COTZX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBALX Columbia Balanced Fund	6.22%	6.42%	7.83%	1.84%	5.36%	9.26%	5.31%	4.16%	5.82%	2.79%	1.60%	4.05%
COTZX Columbia Thermostat Fund	3.27%	3.37%	3.55%	2.74%	3.28%	14.82%	6.92%	5.57%	4.45%	3.13%	2.66%	4.26%

Frequently Asked Questions

Can I hold both CBALX and COTZX in my portfolio?

With a correlation of 0.92, CBALX and COTZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CBALX or COTZX?

CBALX has higher volatility (3.69%) compared to COTZX (2.19%). In terms of maximum drawdown, CBALX dropped -34.53% vs COTZX's -47.48%.

Which has better risk-adjusted returns?

COTZX currently has the higher Sharpe Ratio (2.10 vs 1.94), 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.