Correlation
The correlation between COLNX and SPY is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
COLNX vs. SPY
Compare and contrast key facts about Columbia Strategic New York Municipal Income Fund (COLNX) and SPDR S&P 500 ETF (SPY).
COLNX is managed by Columbia Threadneedle. It was launched on Sep 25, 1986. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COLNX or SPY.
Performance
COLNX vs. SPY - Performance Comparison
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Key characteristics
COLNX:
0.11
SPY:
0.67
COLNX:
0.08
SPY:
1.03
COLNX:
1.01
SPY:
1.15
COLNX:
0.01
SPY:
0.69
COLNX:
0.06
SPY:
2.61
COLNX:
2.79%
SPY:
4.92%
COLNX:
7.39%
SPY:
20.44%
COLNX:
-19.80%
SPY:
-55.19%
COLNX:
-8.47%
SPY:
-3.44%
Returns By Period
In the year-to-date period, COLNX achieves a -3.47% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, COLNX has underperformed SPY with an annualized return of 1.67%, while SPY has yielded a comparatively higher 12.73% annualized return.
COLNX
-3.47%
-0.60%
-4.97%
0.83%
0.68%
0.26%
1.67%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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COLNX vs. SPY - Expense Ratio Comparison
COLNX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
COLNX vs. SPY — Risk-Adjusted Performance Rank
COLNX
SPY
COLNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Strategic New York Municipal Income Fund (COLNX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
COLNX vs. SPY - Dividend Comparison
COLNX's dividend yield for the trailing twelve months is around 3.71%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLNX Columbia Strategic New York Municipal Income Fund | 3.71% | 3.50% | 3.36% | 3.11% | 3.13% | 3.77% | 3.86% | 3.27% | 3.33% | 3.35% | 3.78% | 3.58% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
COLNX vs. SPY - Drawdown Comparison
The maximum COLNX drawdown since its inception was -19.80%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for COLNX and SPY.
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Volatility
COLNX vs. SPY - Volatility Comparison
The current volatility for Columbia Strategic New York Municipal Income Fund (COLNX) is 1.34%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that COLNX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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