CMGUX vs. TMPFX

Last updated Aug 1, 2026

CMGUX (Columbia Ultra Short Term Bond Fund) and TMPFX (Tactical Multi-Purpose Fund) are both Ultrashort Bond funds. Over the past 5 years, CMGUX returned 3.71%/yr vs 2.81%/yr for TMPFX. Their -0.01 correlation means they have often moved in opposite directions in the past. CMGUX charges 0.25%/yr vs 1.14%/yr for TMPFX.

Performance

CMGUX vs. TMPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Ultra Short Term Bond Fund (CMGUX) and Tactical Multi-Purpose Fund (TMPFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMGUX achieves a 1.92% return, which is significantly lower than TMPFX's 2.13% return.

CMGUX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.56%
• YTD: 1.92%
• 1Y: 3.92%
• 3Y*: 4.88%
• 5Y*: 3.71%
• 10Y*: 2.71%
• ALL TIME*: 2.09%

TMPFX

• 1D: 0.00%
• 1M: 0.30%
• 6M: 1.92%
• YTD: 2.13%
• 1Y: 3.61%
• 3Y*: 3.92%
• 5Y*: 2.81%
• 10Y*: —
• ALL TIME*: 1.50%

*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)
CMGUX Columbia Ultra Short Term Bond Fund	$0.00	$0.00	$0.00
TMPFX Tactical Multi-Purpose Fund	$0.00	$0.00	$0.00

CMGUX vs. TMPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CMGUX Columbia Ultra Short Term Bond Fund	1.92%	4.89%	5.31%	5.88%	0.79%	0.17%	1.78%	2.99%	1.90%
TMPFX Tactical Multi-Purpose Fund	2.13%	3.71%	4.26%	3.90%	0.51%	-0.91%	-0.60%	0.30%	-0.30%

Correlation

The correlation between CMGUX and TMPFX is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (3Y) Balances recent behavior with more history.	-0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.02
Correlation (All Time) Calculated using the full available price history since Jan 5, 2018	-0.01

Return for Risk

CMGUX vs. TMPFX — Risk / Return Rank

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

CMGUX

CMGUX Risk / Return Rank: 99
CMGUX Sharpe Ratio Rank: 98
CMGUX Sortino Ratio Rank: 100
CMGUX Omega Ratio Rank: 99
CMGUX Calmar Ratio Rank: 100
CMGUX Martin Ratio Rank: 99

TMPFX

TMPFX Risk / Return Rank: 100
TMPFX Sharpe Ratio Rank: 100
TMPFX Sortino Ratio Rank: 100
TMPFX Omega Ratio Rank: 100
TMPFX Calmar Ratio Rank: 100
TMPFX Martin Ratio Rank: 100

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.

CMGUX vs. TMPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Ultra Short Term Bond Fund (CMGUX) and Tactical Multi-Purpose Fund (TMPFX). 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.

	CMGUX	TMPFX	Difference
Sharpe ratio: Return per unit of total volatility	3.21	6.13	-2.92
Sortino ratio: Return per unit of downside risk	10.82	21.21	-10.39
Omega ratio: Gain probability vs. loss probability	3.89	13.22	-9.34
Calmar ratio: Return relative to maximum drawdown	20.68	37.35	-16.67
Martin ratio: Return relative to average drawdown	71.95	296.96	-225.02

CMGUX vs. TMPFX - Sharpe Ratio Comparison

The current CMGUX Sharpe Ratio is 3.21, which is lower than the TMPFX Sharpe Ratio of 6.13. The chart below compares the historical Sharpe Ratios of CMGUX and TMPFX, 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

CMGUX vs. TMPFX - Drawdown Comparison

The maximum CMGUX drawdown since its inception was -3.09%, smaller than the maximum TMPFX drawdown of -3.52%. Use the drawdown chart below to compare losses from any high point for CMGUX and TMPFX.

Drawdown Indicators

	CMGUX	TMPFX	Difference
Max Drawdown Largest peak-to-trough decline	-3.09%	-3.52%	+0.43%
Max Drawdown (1Y) Largest decline over 1 year	-0.22%	-0.10%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-0.32%	-3.52%	+3.20%
Max Drawdown (5Y) Largest decline over 5 years	-0.95%	-3.52%	+2.57%
Max Drawdown (10Y) Largest decline over 10 years	-3.09%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.13%	-0.64%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	0.01%	+0.05%

Volatility

CMGUX vs. TMPFX - Volatility Comparison

The current volatility for Columbia Ultra Short Term Bond Fund (CMGUX) is 0.22%, while Tactical Multi-Purpose Fund (TMPFX) has a volatility of 0.26%. This indicates that CMGUX experiences smaller price fluctuations and is considered to be less risky than TMPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMGUX	TMPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	0.26%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	0.96%	0.47%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	1.39%	0.61%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	2.34%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.12%	1.80%	-0.68%

CMGUX vs. TMPFX - Expense Ratio Comparison

CMGUX has a 0.25% expense ratio, which is lower than TMPFX's 1.14% expense ratio.

Dividends

CMGUX vs. TMPFX - Dividend Comparison

CMGUX's dividend yield for the trailing twelve months is around 3.95%, more than TMPFX's 3.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMGUX Columbia Ultra Short Term Bond Fund	3.95%	4.65%	4.07%	3.46%	1.34%	0.61%	1.53%	2.50%	1.99%	1.24%	0.87%	0.50%
TMPFX Tactical Multi-Purpose Fund	3.73%	3.81%	4.15%	3.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CMGUX and TMPFX in my portfolio?

CMGUX and TMPFX 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, CMGUX or TMPFX?

TMPFX has higher volatility (0.26%) compared to CMGUX (0.22%). In terms of maximum drawdown, CMGUX dropped -3.09% vs TMPFX's -3.52%.

Which has better risk-adjusted returns?

TMPFX currently has the higher Sharpe Ratio (6.13 vs 3.21), 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.