CLMVX vs. PMZIX
Compare and contrast key facts about Columbia Mortgage Opportunities Fund (CLMVX) and PIMCO Mortgage Opportunities and Bond Fund (PMZIX).
CLMVX is managed by Columbia. It was launched on Apr 29, 2014. PMZIX is managed by PIMCO. It was launched on Oct 21, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLMVX or PMZIX.
Performance
CLMVX vs. PMZIX - Performance Comparison
Returns By Period
In the year-to-date period, CLMVX achieves a 5.43% return, which is significantly higher than PMZIX's 4.69% return. Over the past 10 years, CLMVX has outperformed PMZIX with an annualized return of 3.57%, while PMZIX has yielded a comparatively lower 3.16% annualized return.
CLMVX
5.43%
-1.37%
6.96%
12.75%
1.38%
3.57%
PMZIX
4.69%
-0.76%
3.04%
8.27%
2.48%
3.16%
Key characteristics
| CLMVX | PMZIX | |
|---|---|---|
| Sharpe Ratio | 1.74 | 2.10 |
| Sortino Ratio | 2.56 | 3.43 |
| Omega Ratio | 1.33 | 1.42 |
| Calmar Ratio | 0.69 | 2.12 |
| Martin Ratio | 5.54 | 9.87 |
| Ulcer Index | 2.33% | 0.84% |
| Daily Std Dev | 7.40% | 3.93% |
| Max Drawdown | -22.15% | -9.46% |
| Current Drawdown | -7.91% | -2.02% |
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CLMVX vs. PMZIX - Expense Ratio Comparison
CLMVX has a 0.70% expense ratio, which is higher than PMZIX's 0.60% expense ratio.
Correlation
The correlation between CLMVX and PMZIX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
CLMVX vs. PMZIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Mortgage Opportunities Fund (CLMVX) and PIMCO Mortgage Opportunities and Bond Fund (PMZIX). 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.
Dividends
CLMVX vs. PMZIX - Dividend Comparison
CLMVX's dividend yield for the trailing twelve months is around 6.57%, less than PMZIX's 7.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLMVX Columbia Mortgage Opportunities Fund | 6.57% | 6.64% | 6.91% | 3.85% | 4.36% | 3.54% | 4.19% | 4.38% | 3.69% | 4.07% | 2.27% | 0.00% |
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 7.90% | 6.69% | 7.19% | 3.62% | 3.95% | 4.35% | 4.34% | 3.61% | 5.24% | 4.11% | 3.89% | 4.01% |
Drawdowns
CLMVX vs. PMZIX - Drawdown Comparison
The maximum CLMVX drawdown since its inception was -22.15%, which is greater than PMZIX's maximum drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for CLMVX and PMZIX. For additional features, visit the drawdowns tool.
Volatility
CLMVX vs. PMZIX - Volatility Comparison
Columbia Mortgage Opportunities Fund (CLMVX) has a higher volatility of 1.61% compared to PIMCO Mortgage Opportunities and Bond Fund (PMZIX) at 0.93%. This indicates that CLMVX's price experiences larger fluctuations and is considered to be riskier than PMZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.