COFYX vs. FDGFX

Last updated Jun 3, 2026

COFYX (Columbia Contrarian Core Fund Institutional 3 Class) and FDGFX (Fidelity Dividend Growth Fund) are both Large Cap Value Equities funds. Over the past 10 years, COFYX returned 15.50%/yr vs 14.19%/yr for FDGFX. Their correlation of 0.91 suggests significant overlap in exposure. COFYX charges 0.61%/yr vs 0.48%/yr for FDGFX.

Performance

COFYX vs. FDGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Contrarian Core Fund Institutional 3 Class (COFYX) and Fidelity Dividend Growth Fund (FDGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COFYX achieves a 10.46% return, which is significantly lower than FDGFX's 17.51% return. Over the past 10 years, COFYX has outperformed FDGFX with an annualized return of 15.50%, while FDGFX has yielded a comparatively lower 14.19% annualized return.

COFYX

• 1D: 0.66%
• 1M: 6.08%
• YTD: 10.46%
• 6M: 11.35%
• 1Y: 28.41%
• 3Y*: 22.18%
• 5Y*: 13.47%
• 10Y*: 15.50%

FDGFX

• 1D: -0.08%
• 1M: 5.10%
• YTD: 17.51%
• 6M: 19.03%
• 1Y: 39.07%
• 3Y*: 27.43%
• 5Y*: 16.05%
• 10Y*: 14.19%

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

COFYX vs. FDGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COFYX Columbia Contrarian Core Fund Institutional 3 Class	10.46%	17.49%	23.49%	32.22%	-18.51%	24.34%	22.37%	40.31%	-8.79%	20.61%
FDGFX Fidelity Dividend Growth Fund	17.51%	22.48%	27.58%	17.86%	-11.61%	27.96%	2.20%	28.75%	-7.23%	18.05%

Correlation

The correlation between COFYX and FDGFX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 12, 2012	0.91

The correlation between COFYX and FDGFX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

COFYX vs. FDGFX — Risk / Return Rank

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

COFYX

COFYX Risk / Return Rank: 60
COFYX Sharpe Ratio Rank: 66
COFYX Sortino Ratio Rank: 58
COFYX Omega Ratio Rank: 59
COFYX Calmar Ratio Rank: 56
COFYX Martin Ratio Rank: 59

FDGFX

FDGFX Risk / Return Rank: 86
FDGFX Sharpe Ratio Rank: 90
FDGFX Sortino Ratio Rank: 84
FDGFX Omega Ratio Rank: 81
FDGFX Calmar Ratio Rank: 84
FDGFX Martin Ratio Rank: 89

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.

COFYX vs. FDGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Contrarian Core Fund Institutional 3 Class (COFYX) and Fidelity Dividend Growth Fund (FDGFX). 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.

	COFYX	FDGFX	Difference
Sharpe ratio Return per unit of total volatility	2.38	2.98	-0.60
Sortino ratio Return per unit of downside risk	3.21	3.97	-0.77
Omega ratio Gain probability vs. loss probability	1.43	1.53	-0.10
Calmar ratio Return relative to maximum drawdown	2.88	3.96	-1.08
Martin ratio Return relative to average drawdown	11.91	17.79	-5.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COFYX vs. FDGFX - Sharpe Ratio Comparison

The current COFYX Sharpe Ratio is 2.38, which is comparable to the FDGFX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of COFYX and FDGFX, 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

	COFYX	FDGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	2.98	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.97	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.74	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.53	+0.36

Drawdowns

COFYX vs. FDGFX - Drawdown Comparison

The maximum COFYX drawdown since its inception was -32.43%, smaller than the maximum FDGFX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for COFYX and FDGFX.

Drawdown Indicators

	COFYX	FDGFX	Difference
Max Drawdown Largest peak-to-trough decline	-32.43%	-60.77%	+28.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-10.16%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.91%	-21.37%	+1.46%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-21.37%	-10.64%
Max Drawdown (10Y) Largest decline over 10 years	-32.43%	-41.29%	+8.86%
Current Drawdown Current decline from peak	0.00%	-0.08%	+0.08%
Average Drawdown Average peak-to-trough decline	-5.08%	-7.52%	+2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.26%	+0.15%

Volatility

COFYX vs. FDGFX - Volatility Comparison

The current volatility for Columbia Contrarian Core Fund Institutional 3 Class (COFYX) is 3.02%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 4.03%. This indicates that COFYX experiences smaller price fluctuations and is considered to be less risky than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COFYX	FDGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	4.03%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	10.59%	-1.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	13.48%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	16.59%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.04%	19.22%	-0.18%

COFYX vs. FDGFX - Expense Ratio Comparison

COFYX has a 0.61% expense ratio, which is higher than FDGFX's 0.48% expense ratio.

Dividends

COFYX vs. FDGFX - Dividend Comparison

COFYX's dividend yield for the trailing twelve months is around 6.58%, less than FDGFX's 8.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COFYX Columbia Contrarian Core Fund Institutional 3 Class	6.58%	7.27%	9.52%	3.11%	10.48%	13.50%	7.65%	10.86%	10.15%	4.82%	0.75%	5.96%
FDGFX Fidelity Dividend Growth Fund	8.12%	9.35%	9.81%	3.48%	11.46%	7.81%	1.89%	4.84%	22.93%	15.35%	1.58%	8.44%

Frequently Asked Questions

Can I hold both COFYX and FDGFX in my portfolio?

COFYX and FDGFX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COFYX or FDGFX?

FDGFX has higher volatility (4.03%) compared to COFYX (3.02%). In terms of maximum drawdown, COFYX dropped -32.43% vs FDGFX's -60.77%.

Which has better risk-adjusted returns?

FDGFX currently has the higher Sharpe Ratio (2.98 vs 2.38), 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.