Correlation
The correlation between COLTX and BIAEX is -0.06. 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.
COLTX vs. BIAEX
Compare and contrast key facts about Columbia Tax-Exempt Fund (COLTX) and Brown Advisory Tax Exempt Bond Fund (BIAEX).
COLTX is managed by Columbia Threadneedle. It was launched on Nov 20, 1978. BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COLTX or BIAEX.
Performance
COLTX vs. BIAEX - Performance Comparison
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Key characteristics
COLTX:
0.16
BIAEX:
0.73
COLTX:
0.17
BIAEX:
0.91
COLTX:
1.03
BIAEX:
1.15
COLTX:
0.08
BIAEX:
0.67
COLTX:
0.27
BIAEX:
2.20
COLTX:
2.48%
BIAEX:
1.36%
COLTX:
7.32%
BIAEX:
4.56%
COLTX:
-17.87%
BIAEX:
-12.84%
COLTX:
-6.50%
BIAEX:
-2.13%
Returns By Period
In the year-to-date period, COLTX achieves a -3.29% return, which is significantly lower than BIAEX's -0.57% return. Over the past 10 years, COLTX has underperformed BIAEX with an annualized return of 1.71%, while BIAEX has yielded a comparatively higher 2.29% annualized return.
COLTX
-3.29%
-1.48%
-5.08%
0.78%
1.09%
0.56%
1.71%
BIAEX
-0.57%
-0.11%
-1.62%
2.85%
2.45%
1.63%
2.29%
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COLTX vs. BIAEX - Expense Ratio Comparison
COLTX has a 0.73% expense ratio, which is higher than BIAEX's 0.46% expense ratio.
Risk-Adjusted Performance
COLTX vs. BIAEX — Risk-Adjusted Performance Rank
COLTX
BIAEX
COLTX vs. BIAEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Tax-Exempt Fund (COLTX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). 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
COLTX vs. BIAEX - Dividend Comparison
COLTX's dividend yield for the trailing twelve months is around 3.55%, less than BIAEX's 3.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLTX Columbia Tax-Exempt Fund | 3.55% | 3.69% | 3.43% | 3.30% | 3.20% | 3.27% | 2.65% | 3.80% | 3.86% | 4.16% | 4.13% | 4.20% |
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.65% | 4.00% | 3.81% | 3.01% | 2.98% | 2.54% | 3.01% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
Drawdowns
COLTX vs. BIAEX - Drawdown Comparison
The maximum COLTX drawdown since its inception was -17.87%, which is greater than BIAEX's maximum drawdown of -12.84%. Use the drawdown chart below to compare losses from any high point for COLTX and BIAEX.
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Volatility
COLTX vs. BIAEX - Volatility Comparison
Columbia Tax-Exempt Fund (COLTX) has a higher volatility of 1.11% compared to Brown Advisory Tax Exempt Bond Fund (BIAEX) at 0.56%. This indicates that COLTX's price experiences larger fluctuations and is considered to be riskier than BIAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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