CLMVX vs. RPIDX

Last updated Jun 4, 2026

CLMVX (Columbia Mortgage Opportunities Fund) and RPIDX (T. Rowe Price Dynamic Credit Fund) are both Nontraditional Bonds funds. Over the past 5 years, CLMVX returned 0.74%/yr vs 4.36%/yr for RPIDX. At a 0.05 correlation, their price movements are largely independent. CLMVX charges 0.70%/yr vs 0.63%/yr for RPIDX.

Performance

CLMVX vs. RPIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Mortgage Opportunities Fund (CLMVX) and T. Rowe Price Dynamic Credit Fund (RPIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLMVX achieves a 0.66% return, which is significantly higher than RPIDX's 0.16% return.

CLMVX

• 1D: 0.00%
• 1M: 0.28%
• YTD: 0.66%
• 6M: 0.74%
• 1Y: 7.20%
• 3Y*: 7.91%
• 5Y*: 0.74%
• 10Y*: 4.32%

RPIDX

• 1D: -0.12%
• 1M: -0.75%
• YTD: 0.16%
• 6M: 0.98%
• 1Y: 6.90%
• 3Y*: 7.66%
• 5Y*: 4.36%
• 10Y*: —

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

CLMVX vs. RPIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CLMVX Columbia Mortgage Opportunities Fund	0.66%	11.95%	5.30%	7.57%	-17.82%	5.44%	9.25%	6.33%
RPIDX T. Rowe Price Dynamic Credit Fund	0.16%	9.74%	9.92%	4.72%	-0.76%	6.21%	2.71%	6.87%

Correlation

The correlation between CLMVX and RPIDX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019	0.05

The correlation between CLMVX and RPIDX shifts across timeframes, from -0.06 (3 years) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CLMVX vs. RPIDX — Risk / Return Rank

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

CLMVX

CLMVX Risk / Return Rank: 35
CLMVX Sharpe Ratio Rank: 35
CLMVX Sortino Ratio Rank: 39
CLMVX Omega Ratio Rank: 36
CLMVX Calmar Ratio Rank: 35
CLMVX Martin Ratio Rank: 31

RPIDX

RPIDX Risk / Return Rank: 76
RPIDX Sharpe Ratio Rank: 51
RPIDX Sortino Ratio Rank: 86
RPIDX Omega Ratio Rank: 76
RPIDX Calmar Ratio Rank: 93
RPIDX Martin Ratio Rank: 73

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.

CLMVX vs. RPIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Mortgage Opportunities Fund (CLMVX) and T. Rowe Price Dynamic Credit Fund (RPIDX). 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.

	CLMVX	RPIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.11	-0.39
Sortino ratio: Return per unit of downside risk	2.61	4.05	-1.43
Omega ratio: Gain probability vs. loss probability	1.32	1.49	-0.18
Calmar ratio: Return relative to maximum drawdown	2.22	5.25	-3.03
Martin ratio: Return relative to average drawdown	7.21	13.88	-6.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLMVX vs. RPIDX - Sharpe Ratio Comparison

The current CLMVX Sharpe Ratio is 1.72, which is comparable to the RPIDX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of CLMVX and RPIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CLMVX	RPIDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.11	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	1.14	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.11	-0.33

Drawdowns

CLMVX vs. RPIDX - Drawdown Comparison

The maximum CLMVX drawdown since its inception was -22.15%, which is greater than RPIDX's maximum drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for CLMVX and RPIDX.

Drawdown Indicators

	CLMVX	RPIDX	Difference
Max Drawdown Largest peak-to-trough decline	-22.15%	-19.95%	-2.20%
Max Drawdown (1Y) Largest decline over 1 year	-3.20%	-1.34%	-1.86%
Max Drawdown (3Y) Largest decline over 3 years	-6.64%	-3.17%	-3.47%
Max Drawdown (5Y) Largest decline over 5 years	-22.15%	-7.31%	-14.84%
Max Drawdown (10Y) Largest decline over 10 years	-22.15%	—	—
Current Drawdown Current decline from peak	-1.76%	-0.86%	-0.90%
Average Drawdown Average peak-to-trough decline	-3.97%	-1.87%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.51%	+0.47%

Volatility

CLMVX vs. RPIDX - Volatility Comparison

Columbia Mortgage Opportunities Fund (CLMVX) has a higher volatility of 1.48% compared to T. Rowe Price Dynamic Credit Fund (RPIDX) at 0.64%. This indicates that CLMVX's price experiences larger fluctuations and is considered to be riskier than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLMVX	RPIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	0.64%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	2.84%	2.58%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	3.35%	+0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.74%	3.83%	+2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.54%	4.80%	+0.74%

CLMVX vs. RPIDX - Expense Ratio Comparison

CLMVX has a 0.70% expense ratio, which is higher than RPIDX's 0.63% expense ratio.

Dividends

CLMVX vs. RPIDX - Dividend Comparison

CLMVX's dividend yield for the trailing twelve months is around 4.95%, less than RPIDX's 9.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLMVX Columbia Mortgage Opportunities Fund	4.95%	5.63%	5.88%	6.64%	6.89%	4.43%	6.05%	4.36%	4.51%	7.85%	4.52%	4.86%
RPIDX T. Rowe Price Dynamic Credit Fund	9.93%	9.91%	9.20%	6.64%	7.97%	5.34%	7.14%	4.41%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLMVX and RPIDX in my portfolio?

CLMVX and RPIDX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLMVX or RPIDX?

CLMVX has higher volatility (1.48%) compared to RPIDX (0.64%). In terms of maximum drawdown, CLMVX dropped -22.15% vs RPIDX's -19.95%.

Which has better risk-adjusted returns?

RPIDX currently has the higher Sharpe Ratio (2.11 vs 1.72), 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.