COSYX vs. CBALX

Last updated Jun 4, 2026

COSYX (Columbia Overseas Value Fund Institutional 3 Class) and CBALX (Columbia Balanced Fund) are both mutual funds - COSYX is a Foreign Large Cap Equities fund managed by Columbia, while CBALX is a Diversified Portfolio fund managed by Columbia. Over the past 10 years, COSYX returned 10.37%/yr vs 10.10%/yr for CBALX. A 0.70 correlation means they provide meaningful diversification when combined. COSYX charges 0.77%/yr vs 0.67%/yr for CBALX.

Performance

COSYX vs. CBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Overseas Value Fund Institutional 3 Class (COSYX) and Columbia Balanced Fund (CBALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COSYX achieves a 7.43% return, which is significantly higher than CBALX's 6.82% return. Both investments have delivered pretty close results over the past 10 years, with COSYX having a 10.37% annualized return and CBALX not far behind at 10.10%.

COSYX

• 1D: 0.53%
• 1M: 0.93%
• YTD: 7.43%
• 6M: 10.20%
• 1Y: 28.17%
• 3Y*: 21.96%
• 5Y*: 11.58%
• 10Y*: 10.37%

CBALX

• 1D: 0.05%
• 1M: 4.12%
• YTD: 6.82%
• 6M: 7.03%
• 1Y: 19.03%
• 3Y*: 15.37%
• 5Y*: 8.48%
• 10Y*: 10.10%

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

COSYX vs. CBALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COSYX Columbia Overseas Value Fund Institutional 3 Class	7.43%	45.97%	4.87%	16.28%	-5.91%	10.98%	-0.05%	22.64%	-16.64%	27.80%
CBALX Columbia Balanced Fund	6.82%	14.14%	14.60%	21.49%	-16.63%	14.92%	17.91%	23.05%	-5.75%	14.29%

Correlation

The correlation between COSYX and CBALX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.70

The correlation between COSYX and CBALX has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Return for Risk

COSYX vs. CBALX — Risk / Return Rank

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

COSYX

COSYX Risk / Return Rank: 42
COSYX Sharpe Ratio Rank: 46
COSYX Sortino Ratio Rank: 43
COSYX Omega Ratio Rank: 44
COSYX Calmar Ratio Rank: 38
COSYX Martin Ratio Rank: 37

CBALX

CBALX Risk / Return Rank: 64
CBALX Sharpe Ratio Rank: 66
CBALX Sortino Ratio Rank: 66
CBALX Omega Ratio Rank: 63
CBALX Calmar Ratio Rank: 59
CBALX Martin Ratio Rank: 65

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.

COSYX vs. CBALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Overseas Value Fund Institutional 3 Class (COSYX) and Columbia Balanced Fund (CBALX). 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.

	COSYX	CBALX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.39	-0.40
Sortino ratio: Return per unit of downside risk	2.76	3.38	-0.62
Omega ratio: Gain probability vs. loss probability	1.36	1.44	-0.08
Calmar ratio: Return relative to maximum drawdown	2.32	2.96	-0.64
Martin ratio: Return relative to average drawdown	8.16	12.71	-4.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COSYX vs. CBALX - Sharpe Ratio Comparison

The current COSYX Sharpe Ratio is 1.99, which is comparable to the CBALX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of COSYX and CBALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COSYX	CBALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.39	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.77	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.89	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.71	-0.14

Drawdowns

COSYX vs. CBALX - Drawdown Comparison

The maximum COSYX drawdown since its inception was -43.16%, which is greater than CBALX's maximum drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for COSYX and CBALX.

Drawdown Indicators

	COSYX	CBALX	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	-34.53%	-8.63%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	-6.63%	-5.13%
Max Drawdown (3Y) Largest decline over 3 years	-13.32%	-12.06%	-1.26%
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	-20.91%	-4.89%
Max Drawdown (10Y) Largest decline over 10 years	-43.16%	-22.73%	-20.43%
Current Drawdown Current decline from peak	-4.53%	0.00%	-4.53%
Average Drawdown Average peak-to-trough decline	-7.11%	-5.31%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	1.54%	+1.80%

Volatility

COSYX vs. CBALX - Volatility Comparison

Columbia Overseas Value Fund Institutional 3 Class (COSYX) has a higher volatility of 3.62% compared to Columbia Balanced Fund (CBALX) at 2.39%. This indicates that COSYX's price experiences larger fluctuations and is considered to be riskier than CBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COSYX	CBALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	2.39%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	10.94%	6.35%	+4.59%
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	8.21%	+5.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	11.08%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.45%	11.34%	+6.11%

COSYX vs. CBALX - Expense Ratio Comparison

COSYX has a 0.77% expense ratio, which is higher than CBALX's 0.67% expense ratio.

Dividends

COSYX vs. CBALX - Dividend Comparison

COSYX's dividend yield for the trailing twelve months is around 7.50%, more than CBALX's 6.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBALX Columbia Balanced Fund	6.08%	6.42%	7.83%	1.84%	5.36%	9.26%	5.31%	4.16%	5.82%	2.79%	1.60%	4.05%
COSYX Columbia Overseas Value Fund Institutional 3 Class	7.50%	8.05%	5.55%	4.11%	2.00%	3.75%	1.82%	3.97%	3.75%	1.71%	2.20%	0.00%

Frequently Asked Questions

Can I hold both COSYX and CBALX in my portfolio?

COSYX and CBALX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COSYX or CBALX?

COSYX has higher volatility (3.62%) compared to CBALX (2.39%). In terms of maximum drawdown, COSYX dropped -43.16% vs CBALX's -34.53%.

Which has better risk-adjusted returns?

CBALX currently has the higher Sharpe Ratio (2.39 vs 1.99), 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.