COMAX vs. SCMIX

Last updated Aug 1, 2026

COMAX (DWS Digital Horizons Fund Class A) and SCMIX (Columbia Seligman Technology and Information Fund Institutional 2 Class) are both Technology Equities funds. Both are actively managed. Over the past year, COMAX returned 0.68% vs 85.10% for SCMIX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. COMAX charges 1.25%/yr vs 0.89%/yr for SCMIX.

Performance

COMAX vs. SCMIX - 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 2 Class (SCMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COMAX achieves a -1.10% return, which is significantly lower than SCMIX's 45.86% return.

COMAX

• 1D: 2.67%
• 1M: -3.43%
• 6M: 0.92%
• YTD: -1.10%
• 1Y: 0.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.26%

SCMIX

• 1D: 4.87%
• 1M: -3.55%
• 6M: 32.98%
• YTD: 45.86%
• 1Y: 85.10%
• 3Y*: 39.53%
• 5Y*: 23.75%
• 10Y*: 26.64%
• ALL TIME*: 15.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COMAX DWS Digital Horizons Fund Class A	$0.00	$0.00	$0.00
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class	$0.00	$0.00	$0.00

COMAX vs. SCMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COMAX DWS Digital Horizons Fund Class A	-1.10%	16.79%	21.78%
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class	45.86%	37.73%	23.30%

Correlation

The correlation between COMAX and SCMIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024	0.76

The correlation between COMAX and SCMIX has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.

Return for Risk

COMAX vs. SCMIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COMAX

COMAX Risk / Return Rank: 4
COMAX Sharpe Ratio Rank: 4
COMAX Sortino Ratio Rank: 4
COMAX Omega Ratio Rank: 4
COMAX Calmar Ratio Rank: 4
COMAX Martin Ratio Rank: 4

SCMIX

SCMIX Risk / Return Rank: 93
SCMIX Sharpe Ratio Rank: 96
SCMIX Sortino Ratio Rank: 88
SCMIX Omega Ratio Rank: 86
SCMIX Calmar Ratio Rank: 98
SCMIX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COMAX vs. SCMIX - 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 2 Class (SCMIX). 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	SCMIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	2.76	-2.79
Sortino ratio: Return per unit of downside risk	0.10	3.20	-3.11
Omega ratio: Gain probability vs. loss probability	1.01	1.42	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.03	6.39	-6.41
Martin ratio: Return relative to average drawdown	-0.07	21.01	-21.08

COMAX vs. SCMIX - Sharpe Ratio Comparison

The current COMAX Sharpe Ratio is -0.03, which is lower than the SCMIX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of COMAX and SCMIX, 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. SCMIX - Drawdown Comparison

The maximum COMAX drawdown since its inception was -26.14%, smaller than the maximum SCMIX drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for COMAX and SCMIX.

Drawdown Indicators

	COMAX	SCMIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-50.85%	+24.71%
Max Drawdown (1Y) Largest decline over 1 year	-24.00%	-12.76%	-11.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.18%	—
Current Drawdown Current decline from peak	-9.59%	-8.51%	-1.08%
Average Drawdown Average peak-to-trough decline	-5.64%	-9.38%	+3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.54%	3.85%	+5.69%

Volatility

COMAX vs. SCMIX - Volatility Comparison

The current volatility for DWS Digital Horizons Fund Class A (COMAX) is 6.15%, while Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) has a volatility of 10.03%. This indicates that COMAX experiences smaller price fluctuations and is considered to be less risky than SCMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COMAX	SCMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	10.03%	-3.88%
Volatility (6M) Calculated over the trailing 6-month period	16.54%	23.32%	-6.78%
Volatility (1Y) Calculated over the trailing 1-year period	20.52%	29.59%	-9.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.68%	26.92%	-5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.68%	26.38%	-4.70%

COMAX vs. SCMIX - Expense Ratio Comparison

COMAX has a 1.25% expense ratio, which is higher than SCMIX's 0.89% expense ratio.

Dividends

COMAX vs. SCMIX - Dividend Comparison

COMAX's dividend yield for the trailing twelve months is around 1.60%, less than SCMIX's 5.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMAX DWS Digital Horizons Fund Class A	1.60%	53.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class	5.44%	7.93%	12.11%	4.52%	8.08%	10.45%	9.38%	10.47%	11.30%	10.48%	7.88%	10.40%

Frequently Asked Questions

Can I hold both COMAX and SCMIX in my portfolio?

COMAX and SCMIX have a correlation of 0.75, 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 SCMIX?

SCMIX has higher volatility (10.03%) compared to COMAX (6.15%). In terms of maximum drawdown, COMAX dropped -26.14% vs SCMIX's -50.85%.

Which has better risk-adjusted returns?

SCMIX currently has the higher Sharpe Ratio (2.75 vs -0.03), 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.