CMSCX vs. CTSIX
CMSCX (Columbia Small Cap Growth Fund) and CTSIX (Calamos Timpani Small Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 5 years, CMSCX returned 5.60%/yr vs 7.39%/yr for CTSIX. Their correlation of 0.93 means they have usually moved in the same direction. CMSCX charges 0.96%/yr vs 1.05%/yr for CTSIX.
Performance
CMSCX vs. CTSIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CMSCX having a 18.57% return and CTSIX slightly higher at 19.41%.
CMSCX
- 1D
- 4.11%
- 1M
- -5.76%
- 6M
- 12.30%
- YTD
- 18.57%
- 1Y
- 38.87%
- 3Y*
- 22.00%
- 5Y*
- 5.60%
- 10Y*
- 16.27%
- ALL TIME*
- 12.52%
CTSIX
- 1D
- 3.86%
- 1M
- -9.55%
- 6M
- 20.97%
- YTD
- 19.41%
- 1Y
- 40.16%
- 3Y*
- 27.23%
- 5Y*
- 7.39%
- 10Y*
- —
- ALL TIME*
- 14.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CMSCX vs. CTSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CMSCX Columbia Small Cap Growth Fund | 18.57% | 21.68% | 24.27% | 26.17% | -36.62% | -2.22% | 70.31% | 10.22% |
CTSIX Calamos Timpani Small Cap Growth Fund | 19.41% | 25.90% | 44.34% | 7.57% | -37.30% | 9.12% | 63.38% | 1.20% |
Correlation
The correlation between CMSCX and CTSIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2019 | 0.93 |
The correlation between CMSCX and CTSIX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
CMSCX vs. CTSIX — Risk / Return Rank
CMSCX
CTSIX
CMSCX vs. CTSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Small Cap Growth Fund (CMSCX) and Calamos Timpani Small Cap Growth Fund (CTSIX). 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.
| CMSCX | CTSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.15 | -0.14 |
| Martin ratioReturn relative to average drawdown | 7.49 | 9.15 | -1.66 |
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Drawdowns
CMSCX vs. CTSIX - Drawdown Comparison
The maximum CMSCX drawdown since its inception was -55.64%, which is greater than CTSIX's maximum drawdown of -50.83%. Use the drawdown chart below to compare losses from any high point for CMSCX and CTSIX.
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Drawdown Indicators
| CMSCX | CTSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.64% | -50.83% | -4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -17.60% | -17.99% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -28.41% | -28.40% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -49.84% | -50.60% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -52.44% | — | — |
Current DrawdownCurrent decline from peak | -9.03% | -14.82% | +5.79% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -20.30% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 4.22% | +0.51% |
Volatility
CMSCX vs. CTSIX - Volatility Comparison
The current volatility for Columbia Small Cap Growth Fund (CMSCX) is 7.78%, while Calamos Timpani Small Cap Growth Fund (CTSIX) has a volatility of 10.53%. This indicates that CMSCX experiences smaller price fluctuations and is considered to be less risky than CTSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMSCX | CTSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 10.53% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 21.15% | 25.50% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.42% | 31.00% | -4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.39% | 28.61% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.04% | 30.02% | -3.98% |
CMSCX vs. CTSIX - Expense Ratio Comparison
CMSCX has a 0.96% expense ratio, which is lower than CTSIX's 1.05% expense ratio.
Dividends
CMSCX vs. CTSIX - Dividend Comparison
CMSCX's dividend yield for the trailing twelve months is around 4.16%, while CTSIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMSCX Columbia Small Cap Growth Fund | 4.16% | 4.93% | 0.00% | 0.00% | 0.00% | 10.28% | 6.90% | 8.86% | 21.17% | 16.48% | 8.67% | 60.38% |
CTSIX Calamos Timpani Small Cap Growth Fund | 0.00% | 0.00% | 2.58% | 0.00% | 0.00% | 0.00% | 3.77% | 4.95% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, CMSCX and CTSIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CTSIX has higher volatility (10.53%) compared to CMSCX (7.78%). In terms of maximum drawdown, CMSCX dropped -55.64% vs CTSIX's -50.83%.
CMSCX currently has the higher Sharpe Ratio (1.34 vs 1.25), 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.
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