CMTFX vs. GNYTX
CMTFX (Columbia Global Technology Growth Fund) and GNYTX (Columbia New York Intermediate Municipal Bond Fund) are both mutual funds - CMTFX is a Technology Equities fund managed by Columbia, while GNYTX is a Municipal Bonds fund managed by Columbia. Over the past 10 years, CMTFX returned 23.12%/yr vs 1.59%/yr for GNYTX. Their -0.09 correlation means they have often moved in opposite directions in the past. CMTFX charges 0.92%/yr vs 0.48%/yr for GNYTX.
Performance
CMTFX vs. GNYTX - Performance Comparison
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Returns By Period
In the year-to-date period, CMTFX achieves a 18.56% return, which is significantly higher than GNYTX's 0.23% return. Over the past 10 years, CMTFX has outperformed GNYTX with an annualized return of 23.12%, while GNYTX has yielded a comparatively lower 1.59% annualized return.
CMTFX
- 1D
- 5.75%
- 1M
- -3.70%
- 6M
- 16.23%
- YTD
- 18.56%
- 1Y
- 33.21%
- 3Y*
- 28.21%
- 5Y*
- 16.54%
- 10Y*
- 23.12%
- ALL TIME*
- 12.43%
GNYTX
- 1D
- -0.18%
- 1M
- -1.43%
- 6M
- -0.64%
- YTD
- 0.23%
- 1Y
- 3.61%
- 3Y*
- 2.87%
- 5Y*
- 0.48%
- 10Y*
- 1.59%
- ALL TIME*
- 3.53%
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 |
CMTFX vs. GNYTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMTFX Columbia Global Technology Growth Fund | 18.56% | 25.10% | 31.72% | 56.85% | -34.63% | 23.04% | 49.65% | 44.21% | -1.26% | 43.38% |
GNYTX Columbia New York Intermediate Municipal Bond Fund | 0.23% | 4.91% | 1.16% | 4.41% | -7.24% | 1.47% | 3.66% | 6.60% | 1.10% | 3.90% |
Correlation
The correlation between CMTFX and GNYTX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2000 | -0.09 |
The correlation between CMTFX and GNYTX shifts across timeframes, from -0.09 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CMTFX vs. GNYTX — Risk / Return Rank
CMTFX
GNYTX
CMTFX vs. GNYTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Global Technology Growth Fund (CMTFX) and Columbia New York Intermediate Municipal Bond Fund (GNYTX). 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.
| CMTFX | GNYTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.55 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.88 | +0.08 |
| Martin ratioReturn relative to average drawdown | 6.29 | 6.11 | +0.18 |
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Drawdowns
CMTFX vs. GNYTX - Drawdown Comparison
The maximum CMTFX drawdown since its inception was -68.28%, which is greater than GNYTX's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for CMTFX and GNYTX.
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Drawdown Indicators
| CMTFX | GNYTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.28% | -15.58% | -52.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.19% | -2.29% | -12.90% |
Max Drawdown (3Y)Largest decline over 3 years | -26.63% | -3.32% | -23.31% |
Max Drawdown (5Y)Largest decline over 5 years | -39.42% | -11.37% | -28.05% |
Max Drawdown (10Y)Largest decline over 10 years | -39.42% | -11.37% | -28.05% |
Current DrawdownCurrent decline from peak | -10.32% | -1.62% | -8.70% |
Average DrawdownAverage peak-to-trough decline | -16.23% | -1.78% | -14.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 0.70% | +4.04% |
Volatility
CMTFX vs. GNYTX - Volatility Comparison
Columbia Global Technology Growth Fund (CMTFX) has a higher volatility of 10.69% compared to Columbia New York Intermediate Municipal Bond Fund (GNYTX) at 0.98%. This indicates that CMTFX's price experiences larger fluctuations and is considered to be riskier than GNYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMTFX | GNYTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 0.98% | +9.71% |
Volatility (6M)Calculated over the trailing 6-month period | 22.58% | 1.73% | +20.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.36% | 2.09% | +24.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.92% | 2.72% | +24.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.27% | 3.21% | +22.06% |
CMTFX vs. GNYTX - Expense Ratio Comparison
CMTFX has a 0.92% expense ratio, which is higher than GNYTX's 0.48% expense ratio.
Dividends
CMTFX vs. GNYTX - Dividend Comparison
CMTFX's dividend yield for the trailing twelve months is around 2.61%, more than GNYTX's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMTFX Columbia Global Technology Growth Fund | 2.61% | 3.09% | 1.02% | 2.23% | 3.36% | 4.19% | 0.87% | 2.44% | 5.89% | 3.60% | 0.35% | 1.74% |
GNYTX Columbia New York Intermediate Municipal Bond Fund | 2.57% | 3.57% | 2.60% | 2.30% | 2.30% | 2.38% | 2.33% | 2.82% | 2.95% | 2.73% | 3.14% | 3.18% |
Frequently Asked Questions
CMTFX and GNYTX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMTFX has higher volatility (10.69%) compared to GNYTX (0.98%). In terms of maximum drawdown, CMTFX dropped -68.28% vs GNYTX's -15.58%.
GNYTX currently has the higher Sharpe Ratio (2.07 vs 1.13), 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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