COSIX vs. SCFZX
COSIX (Columbia Strategic Income Fund) and SCFZX (PGIM Securitized Credit Fund) are both Nontraditional Bonds funds. Over the past 5 years, COSIX returned 1.65%/yr vs 5.23%/yr for SCFZX. Their 0.10 correlation means their historical movements had little consistent relationship. COSIX charges 0.92%/yr vs 0.65%/yr for SCFZX.
Performance
COSIX vs. SCFZX - Performance Comparison
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Returns By Period
In the year-to-date period, COSIX achieves a 0.87% return, which is significantly lower than SCFZX's 2.71% return.
COSIX
- 1D
- 0.09%
- 1M
- -0.71%
- 6M
- 0.68%
- YTD
- 0.87%
- 1Y
- 2.87%
- 3Y*
- 5.73%
- 5Y*
- 1.65%
- 10Y*
- 3.31%
- ALL TIME*
- 5.44%
SCFZX
- 1D
- 0.10%
- 1M
- 0.00%
- 6M
- 2.07%
- YTD
- 2.71%
- 1Y
- 5.38%
- 3Y*
- 7.05%
- 5Y*
- 5.23%
- 10Y*
- —
- ALL TIME*
- 4.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
COSIX vs. SCFZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
COSIX Columbia Strategic Income Fund | 0.87% | 6.98% | 4.50% | 9.86% | -11.65% | 1.34% | 7.12% | 2.70% |
SCFZX PGIM Securitized Credit Fund | 2.71% | 5.75% | 9.41% | 8.67% | -0.84% | 5.27% | -0.33% | 1.73% |
Correlation
The correlation between COSIX and SCFZX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019 | 0.10 |
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Return for Risk
COSIX vs. SCFZX — Risk / Return Rank
COSIX
SCFZX
COSIX vs. SCFZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Strategic Income Fund (COSIX) and PGIM Securitized Credit Fund (SCFZX). 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.
| COSIX | SCFZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -16.86 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 7.19 | -5.98 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 19.16 | -17.62 |
| Martin ratioReturn relative to average drawdown | 5.74 | 67.68 | -61.94 |
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Drawdowns
COSIX vs. SCFZX - Drawdown Comparison
The maximum COSIX drawdown since its inception was -27.69%, which is greater than SCFZX's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for COSIX and SCFZX.
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Drawdown Indicators
| COSIX | SCFZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -17.20% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -0.31% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -0.93% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.88% | -4.13% | -12.75% |
Max Drawdown (10Y)Largest decline over 10 years | -16.88% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | 0.00% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -1.04% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.09% | +0.50% |
Volatility
COSIX vs. SCFZX - Volatility Comparison
Columbia Strategic Income Fund (COSIX) has a higher volatility of 0.75% compared to PGIM Securitized Credit Fund (SCFZX) at 0.15%. This indicates that COSIX's price experiences larger fluctuations and is considered to be riskier than SCFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COSIX | SCFZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.15% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 1.02% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 1.47% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 1.91% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 3.31% | +0.84% |
COSIX vs. SCFZX - Expense Ratio Comparison
COSIX has a 0.92% expense ratio, which is higher than SCFZX's 0.65% expense ratio.
Dividends
COSIX vs. SCFZX - Dividend Comparison
COSIX's dividend yield for the trailing twelve months is around 5.08%, more than SCFZX's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COSIX Columbia Strategic Income Fund | 5.08% | 4.94% | 5.20% | 5.03% | 3.56% | 3.86% | 3.24% | 3.71% | 4.25% | 3.51% | 3.09% | 4.20% |
SCFZX PGIM Securitized Credit Fund | 4.61% | 5.25% | 6.55% | 5.58% | 4.97% | 2.56% | 3.08% | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COSIX and SCFZX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COSIX has higher volatility (0.75%) compared to SCFZX (0.15%). In terms of maximum drawdown, COSIX dropped -27.69% vs SCFZX's -17.20%.
SCFZX currently has the higher Sharpe Ratio (4.00 vs 1.18), 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.
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