CDDYX vs. CBALX

Last updated Jul 11, 2026

CDDYX (Columbia Dividend Income Fund Institutional 3 Class) and CBALX (Columbia Balanced Fund) are both mutual funds - CDDYX is a Large Cap Value Equities fund managed by Columbia, while CBALX is a Diversified Portfolio fund managed by Columbia. Over the past 10 years, CDDYX returned 12.63%/yr vs 9.92%/yr for CBALX. Their correlation of 0.86 suggests significant overlap in exposure. CDDYX charges 0.55%/yr vs 0.67%/yr for CBALX.

Performance

CDDYX vs. CBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Dividend Income Fund Institutional 3 Class (CDDYX) and Columbia Balanced Fund (CBALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDDYX achieves a 11.40% return, which is significantly higher than CBALX's 6.51% return. Over the past 10 years, CDDYX has outperformed CBALX with an annualized return of 12.63%, while CBALX has yielded a comparatively lower 9.92% annualized return.

CDDYX

• 1D: 0.12%
• 1M: 1.25%
• 6M: 8.59%
• YTD: 11.40%
• 1Y: 20.15%
• 3Y*: 16.89%
• 5Y*: 11.20%
• 10Y*: 12.63%

CBALX

• 1D: 0.63%
• 1M: 1.67%
• 6M: 5.15%
• YTD: 6.51%
• 1Y: 14.25%
• 3Y*: 14.77%
• 5Y*: 7.83%
• 10Y*: 9.92%

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

CDDYX vs. CBALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDDYX Columbia Dividend Income Fund Institutional 3 Class	11.40%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	20.34%
CBALX Columbia Balanced Fund	6.51%	14.14%	14.60%	21.49%	-16.63%	14.92%	17.91%	23.05%	-5.75%	14.29%

Correlation

The correlation between CDDYX and CBALX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.86

Over the past year, the correlation between CDDYX and CBALX has dropped to 0.61 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

CDDYX vs. CBALX — Risk / Return Rank

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

CDDYX

CDDYX Risk / Return Rank: 86
CDDYX Sharpe Ratio Rank: 85
CDDYX Sortino Ratio Rank: 84
CDDYX Omega Ratio Rank: 80
CDDYX Calmar Ratio Rank: 91
CDDYX Martin Ratio Rank: 91

CBALX

CBALX Risk / Return Rank: 51
CBALX Sharpe Ratio Rank: 51
CBALX Sortino Ratio Rank: 50
CBALX Omega Ratio Rank: 51
CBALX Calmar Ratio Rank: 48
CBALX Martin Ratio Rank: 55

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.

CDDYX vs. CBALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) and Columbia Balanced Fund (CBALX). 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.

	CDDYX	CBALX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.60	+0.64
Sortino ratio: Return per unit of downside risk	3.24	2.27	+0.97
Omega ratio: Gain probability vs. loss probability	1.40	1.29	+0.11
Calmar ratio: Return relative to maximum drawdown	3.72	2.13	+1.59
Martin ratio: Return relative to average drawdown	13.99	8.72	+5.26

CDDYX vs. CBALX - Sharpe Ratio Comparison

The current CDDYX Sharpe Ratio is 2.24, which is higher than the CBALX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of CDDYX and CBALX, 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

CDDYX vs. CBALX - Drawdown Comparison

The maximum CDDYX drawdown since its inception was -32.74%, smaller than the maximum CBALX drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for CDDYX and CBALX.

Drawdown Indicators

	CDDYX	CBALX	Difference
Max Drawdown Largest peak-to-trough decline	-32.74%	-34.53%	+1.79%
Max Drawdown (1Y) Largest decline over 1 year	-5.51%	-6.63%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-12.99%	-12.06%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-16.91%	-20.91%	+4.00%
Max Drawdown (10Y) Largest decline over 10 years	-32.74%	-22.73%	-10.01%
Current Drawdown Current decline from peak	-0.15%	-0.30%	+0.15%
Average Drawdown Average peak-to-trough decline	-2.75%	-5.30%	+2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.61%	-0.15%

Volatility

CDDYX vs. CBALX - Volatility Comparison

The current volatility for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) is 2.60%, while Columbia Balanced Fund (CBALX) has a volatility of 3.14%. This indicates that CDDYX experiences smaller price fluctuations and is considered to be less risky than CBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDDYX	CBALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	3.14%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	6.91%	7.16%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	8.82%	+0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	11.18%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	11.35%	+4.30%

CDDYX vs. CBALX - Expense Ratio Comparison

CDDYX has a 0.55% expense ratio, which is lower than CBALX's 0.67% expense ratio.

Dividends

CDDYX vs. CBALX - Dividend Comparison

CDDYX's dividend yield for the trailing twelve months is around 4.83%, less than CBALX's 6.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBALX Columbia Balanced Fund	6.16%	6.42%	7.83%	1.84%	5.36%	9.26%	5.31%	4.16%	5.82%	2.79%	1.60%	4.05%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.83%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%

Frequently Asked Questions

Can I hold both CDDYX and CBALX in my portfolio?

CDDYX and CBALX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDDYX or CBALX?

CBALX has higher volatility (3.14%) compared to CDDYX (2.60%). In terms of maximum drawdown, CDDYX dropped -32.74% vs CBALX's -34.53%.

Which has better risk-adjusted returns?

CDDYX currently has the higher Sharpe Ratio (2.24 vs 1.60), 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.