COLTX vs. PHMIX
Compare and contrast key facts about Columbia Tax-Exempt Fund (COLTX) and PIMCO High Yield Municipal Bond Fund (PHMIX).
COLTX is managed by Columbia. It was launched on Nov 20, 1978. PHMIX is managed by PIMCO. It was launched on Jul 30, 2006.
Performance
COLTX vs. PHMIX - Performance Comparison
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COLTX vs. PHMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COLTX Columbia Tax-Exempt Fund | -0.78% | 3.86% | 3.47% | 6.60% | -12.56% | 3.01% | 3.37% | 8.15% | 0.19% | 6.15% |
PHMIX PIMCO High Yield Municipal Bond Fund | -0.32% | 5.00% | 5.33% | 8.97% | -13.90% | 5.51% | 6.21% | 10.77% | 2.28% | 9.83% |
Returns By Period
In the year-to-date period, COLTX achieves a -0.78% return, which is significantly lower than PHMIX's -0.32% return. Over the past 10 years, COLTX has underperformed PHMIX with an annualized return of 1.82%, while PHMIX has yielded a comparatively higher 3.66% annualized return.
COLTX
- 1D
- 0.26%
- 1M
- -2.86%
- YTD
- -0.78%
- 6M
- 0.56%
- 1Y
- 2.93%
- 3Y*
- 3.43%
- 5Y*
- 0.44%
- 10Y*
- 1.82%
PHMIX
- 1D
- 0.24%
- 1M
- -2.70%
- YTD
- -0.32%
- 6M
- 0.87%
- 1Y
- 3.34%
- 3Y*
- 5.33%
- 5Y*
- 1.59%
- 10Y*
- 3.66%
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COLTX vs. PHMIX - Expense Ratio Comparison
COLTX has a 0.73% expense ratio, which is higher than PHMIX's 0.55% expense ratio.
Return for Risk
COLTX vs. PHMIX — Risk / Return Rank
COLTX
PHMIX
COLTX vs. PHMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Tax-Exempt Fund (COLTX) and PIMCO High Yield Municipal Bond Fund (PHMIX). 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.
| COLTX | PHMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.74 | -0.15 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.01 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.79 | -0.12 |
Martin ratioReturn relative to average drawdown | 1.85 | 2.27 | -0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COLTX | PHMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.74 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.33 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.79 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.85 | +0.09 |
Correlation
The correlation between COLTX and PHMIX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
COLTX vs. PHMIX - Dividend Comparison
COLTX's dividend yield for the trailing twelve months is around 3.74%, less than PHMIX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLTX Columbia Tax-Exempt Fund | 3.74% | 4.91% | 3.66% | 3.15% | 3.05% | 3.20% | 3.27% | 4.60% | 3.80% | 3.86% | 4.15% | 4.13% |
PHMIX PIMCO High Yield Municipal Bond Fund | 4.60% | 5.91% | 5.33% | 4.71% | 3.39% | 3.84% | 3.62% | 4.38% | 4.41% | 4.22% | 4.12% | 4.46% |
Drawdowns
COLTX vs. PHMIX - Drawdown Comparison
The maximum COLTX drawdown since its inception was -18.07%, smaller than the maximum PHMIX drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for COLTX and PHMIX.
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Drawdown Indicators
| COLTX | PHMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.07% | -35.54% | +17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -5.41% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -18.96% | +0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.07% | -18.96% | +0.89% |
Current DrawdownCurrent decline from peak | -2.86% | -2.70% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -5.00% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.89% | +0.49% |
Volatility
COLTX vs. PHMIX - Volatility Comparison
Columbia Tax-Exempt Fund (COLTX) and PIMCO High Yield Municipal Bond Fund (PHMIX) have volatilities of 1.30% and 1.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COLTX | PHMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.29% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 2.14% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 5.69% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 4.82% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 4.68% | +0.27% |