CMSCX vs. HRSMX

Last updated Apr 2, 2026

Compare and contrast key facts about Columbia Small Cap Growth Fund (CMSCX) and Hood River Small-Cap Growth Fund (HRSMX).

CMSCX is managed by Columbia. It was launched on Oct 1, 1996. HRSMX is managed by Hood River Capital Management. It was launched on Jan 2, 2003.

Performance

CMSCX vs. HRSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Small Cap Growth Fund (CMSCX) and Hood River Small-Cap Growth Fund (HRSMX). The values are adjusted to include any dividend payments, if applicable.

CMSCX vs. HRSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMSCX Columbia Small Cap Growth Fund	-3.83%	21.68%	24.27%	26.17%	-36.62%	-2.22%	70.31%	40.98%	-1.99%	28.68%
HRSMX Hood River Small-Cap Growth Fund	5.38%	23.85%	35.48%	21.52%	-27.99%	23.19%	60.80%	24.13%	-6.91%	20.60%

Returns By Period

In the year-to-date period, CMSCX achieves a -3.83% return, which is significantly lower than HRSMX's 5.38% return. Over the past 10 years, CMSCX has underperformed HRSMX with an annualized return of 14.80%, while HRSMX has yielded a comparatively higher 17.50% annualized return.

CMSCX

• 1D: 5.29%
• 1M: -9.67%
• YTD: -3.83%
• 6M: -0.12%
• 1Y: 32.90%
• 3Y*: 18.29%
• 5Y*: 1.65%
• 10Y*: 14.80%

HRSMX

• 1D: 5.79%
• 1M: -7.21%
• YTD: 5.38%
• 6M: 10.43%
• 1Y: 54.19%
• 3Y*: 26.46%
• 5Y*: 10.91%
• 10Y*: 17.50%

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

CMSCX vs. HRSMX - Expense Ratio Comparison

CMSCX has a 0.96% expense ratio, which is lower than HRSMX's 1.09% expense ratio.

HRSMX

Hood River Small-Cap Growth Fund

CMSCX

Columbia Small Cap Growth Fund

Return for Risk

CMSCX vs. HRSMX — Risk / Return Rank

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

CMSCX

CMSCX Risk / Return Rank: 65
CMSCX Sharpe Ratio Rank: 62
CMSCX Sortino Ratio Rank: 65
CMSCX Omega Ratio Rank: 54
CMSCX Calmar Ratio Rank: 73
CMSCX Martin Ratio Rank: 70

HRSMX

HRSMX Risk / Return Rank: 89
HRSMX Sharpe Ratio Rank: 88
HRSMX Sortino Ratio Rank: 86
HRSMX Omega Ratio Rank: 79
HRSMX Calmar Ratio Rank: 96
HRSMX Martin Ratio Rank: 96

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.

CMSCX vs. HRSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Small Cap Growth Fund (CMSCX) and Hood River Small-Cap Growth Fund (HRSMX). 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.

	CMSCX	HRSMX	Difference
Sharpe ratio Return per unit of total volatility	1.18	1.79	-0.61
Sortino ratio Return per unit of downside risk	1.75	2.38	-0.63
Omega ratio Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio Return relative to maximum drawdown	1.83	3.49	-1.67
Martin ratio Return relative to average drawdown	7.15	13.94	-6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMSCX vs. HRSMX - Sharpe Ratio Comparison

The current CMSCX Sharpe Ratio is 1.18, which is lower than the HRSMX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of CMSCX and HRSMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CMSCX	HRSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	1.79	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.40	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.68	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.53	-0.05

Correlation

The correlation between CMSCX and HRSMX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CMSCX vs. HRSMX - Dividend Comparison

CMSCX's dividend yield for the trailing twelve months is around 5.12%, more than HRSMX's 4.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMSCX Columbia Small Cap Growth Fund	5.12%	4.93%	0.00%	0.00%	0.00%	10.28%	6.90%	8.86%	21.17%	16.48%	8.67%	60.38%
HRSMX Hood River Small-Cap Growth Fund	4.01%	4.23%	3.75%	0.00%	0.00%	19.96%	6.28%	0.00%	4.59%	6.74%	0.00%	5.73%

Drawdowns

CMSCX vs. HRSMX - Drawdown Comparison

The maximum CMSCX drawdown since its inception was -55.64%, smaller than the maximum HRSMX drawdown of -64.92%. Use the drawdown chart below to compare losses from any high point for CMSCX and HRSMX.

Drawdown Indicators

	CMSCX	HRSMX	Difference
Max Drawdown Largest peak-to-trough decline	-55.64%	-64.92%	+9.28%
Max Drawdown (1Y) Largest decline over 1 year	-17.60%	-14.89%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	-49.84%	-38.49%	-11.35%
Max Drawdown (10Y) Largest decline over 10 years	-52.44%	-40.74%	-11.70%
Current Drawdown Current decline from peak	-13.24%	-7.21%	-6.03%
Average Drawdown Average peak-to-trough decline	-16.03%	-13.16%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	3.73%	+0.77%

Volatility

CMSCX vs. HRSMX - Volatility Comparison

The current volatility for Columbia Small Cap Growth Fund (CMSCX) is 11.14%, while Hood River Small-Cap Growth Fund (HRSMX) has a volatility of 12.35%. This indicates that CMSCX experiences smaller price fluctuations and is considered to be less risky than HRSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMSCX	HRSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.14%	12.35%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	19.32%	21.73%	-2.41%
Volatility (1Y) Calculated over the trailing 1-year period	28.37%	30.18%	-1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.95%	27.18%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	25.82%	-0.08%