COFYX vs. TMMAX
COFYX (Columbia Contrarian Core Fund Institutional 3 Class) and TMMAX (SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund) are both mutual funds - COFYX is a Large Cap Value Equities fund actively managed by Columbia, while TMMAX is a Low Volatility fund managed by BlackRock. Over the past 10 years, COFYX returned 14.99%/yr vs 9.93%/yr for TMMAX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. COFYX charges 0.61%/yr vs 1.00%/yr for TMMAX.
Performance
COFYX vs. TMMAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with COFYX having a 8.71% return and TMMAX slightly lower at 8.33%. Over the past 10 years, COFYX has outperformed TMMAX with an annualized return of 14.99%, while TMMAX has yielded a comparatively lower 9.93% annualized return.
COFYX
- 1D
- 1.90%
- 1M
- -0.46%
- 6M
- 8.11%
- YTD
- 8.71%
- 1Y
- 17.87%
- 3Y*
- 18.64%
- 5Y*
- 12.30%
- 10Y*
- 14.99%
- ALL TIME*
- 15.37%
TMMAX
- 1D
- -1.22%
- 1M
- 2.01%
- 6M
- 5.67%
- YTD
- 8.33%
- 1Y
- 13.78%
- 3Y*
- 13.06%
- 5Y*
- 9.78%
- 10Y*
- 9.93%
- ALL TIME*
- 9.46%
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 |
COFYX vs. TMMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COFYX Columbia Contrarian Core Fund Institutional 3 Class | 8.71% | 17.49% | 23.49% | 32.22% | -18.51% | 24.34% | 22.37% | 40.31% | -8.79% | 20.61% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 8.33% | 11.03% | 17.07% | 7.32% | -3.11% | 24.10% | 1.32% | 24.00% | -2.84% | 15.19% |
Correlation
The correlation between COFYX and TMMAX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012 | 0.79 |
Over the past year, the correlation between COFYX and TMMAX has dropped to 0.40 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
COFYX vs. TMMAX — Risk / Return Rank
COFYX
TMMAX
COFYX vs. TMMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Contrarian Core Fund Institutional 3 Class (COFYX) and SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX). 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 | TMMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.22 | -0.62 |
| Martin ratioReturn relative to average drawdown | 6.22 | 7.56 | -1.34 |
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Drawdowns
COFYX vs. TMMAX - Drawdown Comparison
The maximum COFYX drawdown since its inception was -32.43%, smaller than the maximum TMMAX drawdown of -41.50%. Use the drawdown chart below to compare losses from any high point for COFYX and TMMAX.
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Drawdown Indicators
| COFYX | TMMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -41.50% | +9.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -5.78% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -23.00% | +3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -23.00% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -32.43% | -33.41% | +0.98% |
Current DrawdownCurrent decline from peak | -1.99% | -3.38% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.57% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.69% | +0.87% |
Volatility
COFYX vs. TMMAX - Volatility Comparison
The current volatility for Columbia Contrarian Core Fund Institutional 3 Class (COFYX) is 3.75%, while SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) has a volatility of 3.98%. This indicates that COFYX experiences smaller price fluctuations and is considered to be less risky than TMMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COFYX | TMMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 3.98% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 7.18% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.37% | 8.95% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 19.13% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 17.83% | +1.21% |
COFYX vs. TMMAX - Expense Ratio Comparison
COFYX has a 0.61% expense ratio, which is lower than TMMAX's 1.00% expense ratio.
Dividends
COFYX vs. TMMAX - Dividend Comparison
COFYX's dividend yield for the trailing twelve months is around 6.69%, less than TMMAX's 23.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COFYX Columbia Contrarian Core Fund Institutional 3 Class | 6.69% | 7.27% | 9.52% | 3.11% | 10.48% | 13.50% | 7.65% | 10.86% | 10.15% | 4.82% | 0.75% | 5.96% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 23.27% | 25.19% | 23.39% | 15.23% | 6.54% | 4.73% | 2.15% | 3.67% | 4.91% | 4.10% | 4.17% | 5.57% |
Frequently Asked Questions
COFYX and TMMAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMMAX has higher volatility (3.98%) compared to COFYX (3.75%). In terms of maximum drawdown, COFYX dropped -32.43% vs TMMAX's -41.50%.
TMMAX currently has the higher Sharpe Ratio (1.44 vs 1.19), 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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