COFYX vs. HDCTX

Last updated Jul 1, 2026

COFYX (Columbia Contrarian Core Fund Institutional 3 Class) and HDCTX (Rational Equity Armor Fund) are both Large Cap Value Equities funds. Over the past 10 years, COFYX returned 15.32%/yr vs 5.08%/yr for HDCTX. A 0.78 correlation means they provide meaningful diversification when combined. COFYX charges 0.61%/yr vs 1.17%/yr for HDCTX.

Performance

COFYX vs. HDCTX - Performance Comparison

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

Returns By Period

In the year-to-date period, COFYX achieves a 7.96% return, which is significantly lower than HDCTX's 8.57% return. Over the past 10 years, COFYX has outperformed HDCTX with an annualized return of 15.32%, while HDCTX has yielded a comparatively lower 5.08% annualized return.

COFYX

• 1D: 1.15%
• 1M: -1.62%
• YTD: 7.96%
• 6M: 7.21%
• 1Y: 19.29%
• 3Y*: 19.70%
• 5Y*: 12.57%
• 10Y*: 15.32%

HDCTX

• 1D: 0.60%
• 1M: -1.52%
• YTD: 8.57%
• 6M: 7.87%
• 1Y: 15.76%
• 3Y*: 14.24%
• 5Y*: 6.78%
• 10Y*: 5.08%

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

COFYX vs. HDCTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COFYX Columbia Contrarian Core Fund Institutional 3 Class	7.96%	17.49%	23.49%	32.22%	-18.51%	24.34%	22.37%	40.31%	-8.79%	20.61%
HDCTX Rational Equity Armor Fund	8.57%	12.64%	16.85%	2.95%	-10.68%	14.52%	15.85%	11.32%	-11.94%	-1.99%

Correlation

The correlation between COFYX and HDCTX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.78

The correlation between COFYX and HDCTX shifts across timeframes, from 0.74 (10 years) to 0.86 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

COFYX vs. HDCTX — Risk / Return Rank

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

COFYX

COFYX Risk / Return Rank: 41
COFYX Sharpe Ratio Rank: 42
COFYX Sortino Ratio Rank: 39
COFYX Omega Ratio Rank: 41
COFYX Calmar Ratio Rank: 39
COFYX Martin Ratio Rank: 44

HDCTX

HDCTX Risk / Return Rank: 48
HDCTX Sharpe Ratio Rank: 52
HDCTX Sortino Ratio Rank: 55
HDCTX Omega Ratio Rank: 47
HDCTX Calmar Ratio Rank: 53
HDCTX Martin Ratio Rank: 32

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. HDCTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Contrarian Core Fund Institutional 3 Class (COFYX) and Rational Equity Armor Fund (HDCTX). 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.

	COFYX	HDCTX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.69	-0.16
Sortino ratio: Return per unit of downside risk	2.11	2.46	-0.35
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio: Return relative to maximum drawdown	2.00	2.34	-0.35
Martin ratio: Return relative to average drawdown	7.90	5.97	+1.93

COFYX vs. HDCTX - Sharpe Ratio Comparison

The current COFYX Sharpe Ratio is 1.53, which is comparable to the HDCTX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of COFYX and HDCTX, 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

COFYX vs. HDCTX - Drawdown Comparison

The maximum COFYX drawdown since its inception was -32.43%, smaller than the maximum HDCTX drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for COFYX and HDCTX.

Drawdown Indicators

	COFYX	HDCTX	Difference
Max Drawdown Largest peak-to-trough decline	-32.43%	-59.05%	+26.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-6.95%	-3.03%
Max Drawdown (3Y) Largest decline over 3 years	-19.91%	-11.74%	-8.17%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-18.22%	-13.79%
Max Drawdown (10Y) Largest decline over 10 years	-32.43%	-19.43%	-13.00%
Current Drawdown Current decline from peak	-2.31%	-3.23%	+0.92%
Average Drawdown Average peak-to-trough decline	-5.06%	-6.40%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.72%	-0.20%

Volatility

COFYX vs. HDCTX - Volatility Comparison

Columbia Contrarian Core Fund Institutional 3 Class (COFYX) has a higher volatility of 5.51% compared to Rational Equity Armor Fund (HDCTX) at 3.07%. This indicates that COFYX's price experiences larger fluctuations and is considered to be riskier than HDCTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COFYX	HDCTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	3.07%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	7.23%	+3.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	9.64%	+3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.06%	10.68%	+8.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	11.54%	+7.48%

COFYX vs. HDCTX - Expense Ratio Comparison

COFYX has a 0.61% expense ratio, which is lower than HDCTX's 1.17% expense ratio.

Dividends

COFYX vs. HDCTX - Dividend Comparison

COFYX's dividend yield for the trailing twelve months is around 6.73%, more than HDCTX's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COFYX Columbia Contrarian Core Fund Institutional 3 Class	6.73%	7.27%	9.52%	3.11%	10.48%	13.50%	7.65%	10.86%	10.15%	4.82%	0.75%	5.96%
HDCTX Rational Equity Armor Fund	0.19%	0.00%	0.00%	0.17%	0.78%	1.21%	1.10%	5.37%	7.86%	5.60%	3.28%	15.32%

Frequently Asked Questions

Can I hold both COFYX and HDCTX in my portfolio?

COFYX and HDCTX have a correlation of 0.82, 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 HDCTX?

COFYX has higher volatility (5.51%) compared to HDCTX (3.07%). In terms of maximum drawdown, COFYX dropped -32.43% vs HDCTX's -59.05%.

Which has better risk-adjusted returns?

HDCTX currently has the higher Sharpe Ratio (1.69 vs 1.53), 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.