CBLAX vs. FORTX

Last updated Aug 4, 2026

CBLAX (Columbia Balanced Fund Class A) and FORTX (Abraham Fortress Fund) are both Diversified Portfolio funds. Over the past 3 years, CBLAX returned 13.33%/yr vs 10.23%/yr for FORTX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. CBLAX charges 0.91%/yr vs 0.75%/yr for FORTX.

Performance

CBLAX vs. FORTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Balanced Fund Class A (CBLAX) and Abraham Fortress Fund (FORTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBLAX achieves a 5.88% return, which is significantly lower than FORTX's 13.07% return.

CBLAX

• 1D: 0.47%
• 1M: -0.09%
• 6M: 5.21%
• YTD: 5.88%
• 1Y: 12.40%
• 3Y*: 13.33%
• 5Y*: 7.38%
• 10Y*: 9.52%
• ALL TIME*: 8.62%

FORTX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 6.13%
• YTD: 13.07%
• 1Y: 27.30%
• 3Y*: 10.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.28%

*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)
CBLAX Columbia Balanced Fund Class A	$0.00	$0.00	$0.00
FORTX Abraham Fortress Fund	$0.00	$0.00	$0.00

CBLAX vs. FORTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CBLAX Columbia Balanced Fund Class A	5.88%	13.86%	14.30%	21.20%	-16.84%	4.31%
FORTX Abraham Fortress Fund	13.07%	9.40%	7.45%	10.51%	-6.32%	1.81%

Correlation

The correlation between CBLAX and FORTX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021	0.76

The correlation between CBLAX and FORTX shifts across timeframes, from 0.63 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CBLAX vs. FORTX — Risk / Return Rank

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

CBLAX

CBLAX Risk / Return Rank: 39
CBLAX Sharpe Ratio Rank: 39
CBLAX Sortino Ratio Rank: 37
CBLAX Omega Ratio Rank: 36
CBLAX Calmar Ratio Rank: 39
CBLAX Martin Ratio Rank: 45

FORTX

FORTX Risk / Return Rank: 94
FORTX Sharpe Ratio Rank: 96
FORTX Sortino Ratio Rank: 94
FORTX Omega Ratio Rank: 90
FORTX Calmar Ratio Rank: 96
FORTX Martin Ratio Rank: 95

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.

CBLAX vs. FORTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Balanced Fund Class A (CBLAX) and Abraham Fortress Fund (FORTX). 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.

	CBLAX	FORTX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	2.64	-1.36
Sortino ratio: Return per unit of downside risk	1.82	3.70	-1.87
Omega ratio: Gain probability vs. loss probability	1.23	1.47	-0.24
Calmar ratio: Return relative to maximum drawdown	1.74	4.86	-3.12
Martin ratio: Return relative to average drawdown	6.94	16.21	-9.27

CBLAX vs. FORTX - Sharpe Ratio Comparison

The current CBLAX Sharpe Ratio is 1.28, which is lower than the FORTX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of CBLAX and FORTX, 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

CBLAX vs. FORTX - Drawdown Comparison

The maximum CBLAX drawdown since its inception was -34.71%, which is greater than FORTX's maximum drawdown of -13.77%. Use the drawdown chart below to compare losses from any high point for CBLAX and FORTX.

Drawdown Indicators

	CBLAX	FORTX	Difference
Max Drawdown Largest peak-to-trough decline	-34.71%	-13.77%	-20.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.69%	-5.51%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.11%	-13.77%	+1.66%
Max Drawdown (5Y) Largest decline over 5 years	-21.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.75%	—	—
Current Drawdown Current decline from peak	-0.93%	-1.50%	+0.57%
Average Drawdown Average peak-to-trough decline	-3.53%	-3.14%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.65%	+0.02%

Volatility

CBLAX vs. FORTX - Volatility Comparison

Columbia Balanced Fund Class A (CBLAX) has a higher volatility of 2.68% compared to Abraham Fortress Fund (FORTX) at 2.04%. This indicates that CBLAX's price experiences larger fluctuations and is considered to be riskier than FORTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBLAX	FORTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.04%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	7.33%	7.02%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	9.10%	10.18%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.20%	9.39%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.38%	9.39%	+1.99%

CBLAX vs. FORTX - Expense Ratio Comparison

CBLAX has a 0.91% expense ratio, which is higher than FORTX's 0.75% expense ratio.

Dividends

CBLAX vs. FORTX - Dividend Comparison

CBLAX's dividend yield for the trailing twelve months is around 5.93%, more than FORTX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBLAX Columbia Balanced Fund Class A	5.93%	6.16%	7.55%	1.60%	5.07%	8.98%	5.07%	3.91%	5.53%	2.55%	1.35%	3.78%
FORTX Abraham Fortress Fund	1.47%	1.66%	0.00%	1.93%	7.76%	1.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CBLAX and FORTX in my portfolio?

CBLAX and FORTX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBLAX or FORTX?

CBLAX has higher volatility (2.68%) compared to FORTX (2.04%). In terms of maximum drawdown, CBLAX dropped -34.71% vs FORTX's -13.77%.

Which has better risk-adjusted returns?

FORTX currently has the higher Sharpe Ratio (2.64 vs 1.28), 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.