CRAZX vs. COTZX

Last updated Aug 4, 2026

CRAZX (Columbia Adaptive Risk Allocation Fund) and COTZX (Columbia Thermostat Fund) are both Tactical Allocation funds from Columbia. Over the past 10 years, CRAZX returned 6.74%/yr vs 7.21%/yr for COTZX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. CRAZX charges 0.74%/yr vs 0.24%/yr for COTZX.

Performance

CRAZX vs. COTZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Adaptive Risk Allocation Fund (CRAZX) and Columbia Thermostat Fund (COTZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRAZX achieves a 8.22% return, which is significantly higher than COTZX's 2.42% return. Over the past 10 years, CRAZX has underperformed COTZX with an annualized return of 6.74%, while COTZX has yielded a comparatively higher 7.21% annualized return.

CRAZX

• 1D: -0.09%
• 1M: -0.17%
• 6M: 5.23%
• YTD: 8.22%
• 1Y: 16.53%
• 3Y*: 11.54%
• 5Y*: 4.80%
• 10Y*: 6.74%
• ALL TIME*: 5.65%

COTZX

• 1D: 0.00%
• 1M: -0.60%
• 6M: 2.13%
• YTD: 2.42%
• 1Y: 7.46%
• 3Y*: 10.03%
• 5Y*: 4.24%
• 10Y*: 7.21%
• ALL TIME*: 7.33%

*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)
COTZX Columbia Thermostat Fund	$0.00	$0.00	$0.00
CRAZX Columbia Adaptive Risk Allocation Fund	$0.00	$0.00	$0.00

CRAZX vs. COTZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRAZX Columbia Adaptive Risk Allocation Fund	8.22%	14.35%	7.85%	8.84%	-15.03%	11.20%	9.44%	18.93%	-4.52%	13.26%
COTZX Columbia Thermostat Fund	2.42%	15.02%	7.98%	11.66%	-12.92%	6.44%	29.61%	15.15%	-1.17%	3.33%

Correlation

The correlation between CRAZX and COTZX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jun 19, 2012	0.77

The correlation between CRAZX and COTZX shifts across timeframes, from 0.77 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CRAZX vs. COTZX — Risk / Return Rank

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

CRAZX

CRAZX Risk / Return Rank: 82
CRAZX Sharpe Ratio Rank: 80
CRAZX Sortino Ratio Rank: 77
CRAZX Omega Ratio Rank: 79
CRAZX Calmar Ratio Rank: 85
CRAZX Martin Ratio Rank: 89

COTZX

COTZX Risk / Return Rank: 47
COTZX Sharpe Ratio Rank: 44
COTZX Sortino Ratio Rank: 45
COTZX Omega Ratio Rank: 46
COTZX Calmar Ratio Rank: 43
COTZX Martin Ratio Rank: 59

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.

CRAZX vs. COTZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Adaptive Risk Allocation Fund (CRAZX) and Columbia Thermostat Fund (COTZX). 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.

	CRAZX	COTZX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.37	+0.57
Sortino ratio: Return per unit of downside risk	2.71	2.01	+0.71
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.12
Calmar ratio: Return relative to maximum drawdown	3.08	1.85	+1.23
Martin ratio: Return relative to average drawdown	12.41	8.19	+4.22

CRAZX vs. COTZX - Sharpe Ratio Comparison

The current CRAZX Sharpe Ratio is 1.94, which is higher than the COTZX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of CRAZX and COTZX, 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

CRAZX vs. COTZX - Drawdown Comparison

The maximum CRAZX drawdown since its inception was -18.21%, smaller than the maximum COTZX drawdown of -47.48%. Use the drawdown chart below to compare losses from any high point for CRAZX and COTZX.

Drawdown Indicators

	CRAZX	COTZX	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-47.48%	+29.27%
Max Drawdown (1Y) Largest decline over 1 year	-5.16%	-4.02%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-8.82%	-6.92%	-1.90%
Max Drawdown (5Y) Largest decline over 5 years	-18.21%	-17.80%	-0.41%
Max Drawdown (10Y) Largest decline over 10 years	-18.21%	-17.80%	-0.41%
Current Drawdown Current decline from peak	-1.55%	-1.04%	-0.51%
Average Drawdown Average peak-to-trough decline	-4.17%	-3.45%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	0.90%	+0.38%

Volatility

CRAZX vs. COTZX - Volatility Comparison

Columbia Adaptive Risk Allocation Fund (CRAZX) and Columbia Thermostat Fund (COTZX) have volatilities of 1.57% and 1.57%, 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.

Volatility by Period

	CRAZX	COTZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	1.57%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	6.47%	4.51%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	8.19%	5.42%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.69%	7.42%	+1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.32%	7.42%	+0.90%

CRAZX vs. COTZX - Expense Ratio Comparison

CRAZX has a 0.74% expense ratio, which is higher than COTZX's 0.24% expense ratio.

Dividends

CRAZX vs. COTZX - Dividend Comparison

CRAZX's dividend yield for the trailing twelve months is around 2.65%, less than COTZX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COTZX Columbia Thermostat Fund	3.28%	3.37%	3.55%	2.74%	3.28%	14.82%	6.92%	5.57%	4.45%	3.13%	2.66%	4.26%
CRAZX Columbia Adaptive Risk Allocation Fund	2.65%	2.87%	2.52%	0.55%	8.14%	20.39%	2.12%	7.51%	6.22%	7.14%	0.94%	1.03%

Frequently Asked Questions

Can I hold both CRAZX and COTZX in my portfolio?

CRAZX and COTZX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRAZX or COTZX?

COTZX has higher volatility (1.57%) compared to CRAZX (1.57%). In terms of maximum drawdown, CRAZX dropped -18.21% vs COTZX's -47.48%.

Which has better risk-adjusted returns?

CRAZX currently has the higher Sharpe Ratio (1.94 vs 1.37), 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.