COMAX vs. CCOYX

Last updated Jun 23, 2026

COMAX (DWS Digital Horizons Fund Class A) and CCOYX (Columbia Seligman Technology and Information Fund Institutional 3 Class) are both Technology Equities funds. Both are actively managed. Over the past year, COMAX returned 13.42% vs 122.69% for CCOYX. A 0.77 correlation means they provide meaningful diversification when combined. COMAX charges 1.25%/yr vs 0.82%/yr for CCOYX.

Performance

COMAX vs. CCOYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Digital Horizons Fund Class A (COMAX) and Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COMAX achieves a 5.22% return, which is significantly lower than CCOYX's 59.46% return.

COMAX

• 1D: 2.22%
• 1M: 0.75%
• YTD: 5.22%
• 6M: 4.51%
• 1Y: 13.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CCOYX

• 1D: 3.73%
• 1M: 8.40%
• YTD: 59.46%
• 6M: 57.43%
• 1Y: 122.69%
• 3Y*: 46.30%
• 5Y*: 27.04%
• 10Y*: —

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

COMAX vs. CCOYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COMAX DWS Digital Horizons Fund Class A	5.22%	16.79%	21.78%
CCOYX Columbia Seligman Technology and Information Fund Institutional 3 Class	59.46%	37.79%	23.35%

Correlation

The correlation between COMAX and CCOYX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024	0.77

The correlation between COMAX and CCOYX has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

COMAX vs. CCOYX — Risk / Return Rank

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

COMAX

COMAX Risk / Return Rank: 7
COMAX Sharpe Ratio Rank: 8
COMAX Sortino Ratio Rank: 8
COMAX Omega Ratio Rank: 8
COMAX Calmar Ratio Rank: 6
COMAX Martin Ratio Rank: 6

CCOYX

CCOYX Risk / Return Rank: 96
CCOYX Sharpe Ratio Rank: 99
CCOYX Sortino Ratio Rank: 95
CCOYX Omega Ratio Rank: 91
CCOYX Calmar Ratio Rank: 99
CCOYX Martin Ratio Rank: 98

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.

COMAX vs. CCOYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Digital Horizons Fund Class A (COMAX) and Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX). 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.

	COMAX	CCOYX	Difference
Sharpe ratio: Return per unit of total volatility	0.66	4.40	-3.74
Sortino ratio: Return per unit of downside risk	0.99	4.62	-3.62
Omega ratio: Gain probability vs. loss probability	1.13	1.63	-0.50
Calmar ratio: Return relative to maximum drawdown	0.54	9.90	-9.36
Martin ratio: Return relative to average drawdown	1.39	36.23	-34.84

COMAX vs. CCOYX - Sharpe Ratio Comparison

The current COMAX Sharpe Ratio is 0.66, which is lower than the CCOYX Sharpe Ratio of 4.40. The chart below compares the historical Sharpe Ratios of COMAX and CCOYX, 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

COMAX vs. CCOYX - Drawdown Comparison

The maximum COMAX drawdown since its inception was -26.14%, smaller than the maximum CCOYX drawdown of -37.16%. Use the drawdown chart below to compare losses from any high point for COMAX and CCOYX.

Drawdown Indicators

	COMAX	CCOYX	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-37.16%	+11.02%
Max Drawdown (1Y) Largest decline over 1 year	-24.00%	-12.31%	-11.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.16%	—
Current Drawdown Current decline from peak	-3.82%	0.00%	-3.82%
Average Drawdown Average peak-to-trough decline	-5.55%	-7.67%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	3.36%	+5.85%

Volatility

COMAX vs. CCOYX - Volatility Comparison

The current volatility for DWS Digital Horizons Fund Class A (COMAX) is 8.30%, while Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX) has a volatility of 11.53%. This indicates that COMAX experiences smaller price fluctuations and is considered to be less risky than CCOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COMAX	CCOYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	11.53%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	15.67%	21.80%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	19.64%	27.70%	-8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.68%	26.55%	-4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.68%	26.89%	-5.21%

COMAX vs. CCOYX - Expense Ratio Comparison

COMAX has a 1.25% expense ratio, which is higher than CCOYX's 0.82% expense ratio.

Dividends

COMAX vs. CCOYX - Dividend Comparison

COMAX's dividend yield for the trailing twelve months is around 0.05%, less than CCOYX's 5.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCOYX Columbia Seligman Technology and Information Fund Institutional 3 Class	5.07%	8.08%	12.32%	4.60%	8.17%	10.62%	9.52%	10.61%	11.42%	10.60%
COMAX DWS Digital Horizons Fund Class A	0.05%	53.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COMAX and CCOYX in my portfolio?

COMAX and CCOYX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COMAX or CCOYX?

CCOYX has higher volatility (11.53%) compared to COMAX (8.30%). In terms of maximum drawdown, COMAX dropped -26.14% vs CCOYX's -37.16%.

Which has better risk-adjusted returns?

CCOYX currently has the higher Sharpe Ratio (4.40 vs 0.66), 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.