CRAZX vs. GIPIX

Last updated Jun 4, 2026

CRAZX (Columbia Adaptive Risk Allocation Fund) and GIPIX (Goldman Sachs Balanced Strategy Portfolio) are both Tactical Allocation funds. Over the past 10 years, CRAZX returned 7.20%/yr vs 6.16%/yr for GIPIX. Their correlation of 0.84 suggests significant overlap in exposure. CRAZX charges 0.74%/yr vs 0.19%/yr for GIPIX.

Performance

CRAZX vs. GIPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, CRAZX achieves a 9.92% return, which is significantly higher than GIPIX's 5.42% return. Over the past 10 years, CRAZX has outperformed GIPIX with an annualized return of 7.20%, while GIPIX has yielded a comparatively lower 6.16% annualized return.

CRAZX

• 1D: 0.34%
• 1M: 2.46%
• YTD: 9.92%
• 6M: 9.69%
• 1Y: 21.35%
• 3Y*: 12.90%
• 5Y*: 5.83%
• 10Y*: 7.20%

GIPIX

• 1D: 0.15%
• 1M: 2.79%
• YTD: 5.42%
• 6M: 5.79%
• 1Y: 14.90%
• 3Y*: 10.66%
• 5Y*: 4.72%
• 10Y*: 6.16%

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

CRAZX vs. GIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRAZX Columbia Adaptive Risk Allocation Fund	9.92%	14.35%	7.85%	8.84%	-15.03%	11.20%	9.44%	18.93%	-4.52%	13.26%
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.42%	10.80%	8.51%	12.49%	-14.43%	7.94%	11.09%	15.68%	-6.52%	11.63%

Correlation

The correlation between CRAZX and GIPIX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 20, 2012	0.84

The correlation between CRAZX and GIPIX shifts across timeframes, from 0.84 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CRAZX vs. GIPIX — Risk / Return Rank

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

CRAZX

CRAZX Risk / Return Rank: 87
CRAZX Sharpe Ratio Rank: 88
CRAZX Sortino Ratio Rank: 86
CRAZX Omega Ratio Rank: 82
CRAZX Calmar Ratio Rank: 87
CRAZX Martin Ratio Rank: 91

GIPIX

GIPIX Risk / Return Rank: 61
GIPIX Sharpe Ratio Rank: 64
GIPIX Sortino Ratio Rank: 64
GIPIX Omega Ratio Rank: 66
GIPIX Calmar Ratio Rank: 51
GIPIX Martin Ratio Rank: 60

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.

CRAZX vs. GIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Adaptive Risk Allocation Fund (CRAZX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX). 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.

	CRAZX	GIPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.87	2.34	+0.53
Sortino ratio: Return per unit of downside risk	4.06	3.36	+0.71
Omega ratio: Gain probability vs. loss probability	1.54	1.45	+0.09
Calmar ratio: Return relative to maximum drawdown	4.20	2.72	+1.48
Martin ratio: Return relative to average drawdown	18.89	11.88	+7.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRAZX vs. GIPIX - Sharpe Ratio Comparison

The current CRAZX Sharpe Ratio is 2.87, which is comparable to the GIPIX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of CRAZX and GIPIX, 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

	CRAZX	GIPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	2.34	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.59	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.76	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.67	+0.04

Drawdowns

CRAZX vs. GIPIX - Drawdown Comparison

The maximum CRAZX drawdown since its inception was -18.21%, smaller than the maximum GIPIX drawdown of -29.46%. Use the drawdown chart below to compare losses from any high point for CRAZX and GIPIX.

Drawdown Indicators

	CRAZX	GIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-29.46%	+11.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.16%	-5.59%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-8.82%	-9.11%	+0.29%
Max Drawdown (5Y) Largest decline over 5 years	-18.21%	-20.65%	+2.44%
Max Drawdown (10Y) Largest decline over 10 years	-18.21%	-20.65%	+2.44%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.20%	-3.68%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	1.27%	-0.12%

Volatility

CRAZX vs. GIPIX - Volatility Comparison

Columbia Adaptive Risk Allocation Fund (CRAZX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX) have volatilities of 2.19% and 2.18%, 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	GIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	2.18%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	5.86%	5.32%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	7.58%	6.50%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.66%	8.00%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.29%	8.11%	+0.18%

CRAZX vs. GIPIX - Expense Ratio Comparison

CRAZX has a 0.74% expense ratio, which is higher than GIPIX's 0.19% expense ratio.

Dividends

CRAZX vs. GIPIX - Dividend Comparison

CRAZX's dividend yield for the trailing twelve months is around 2.61%, less than GIPIX's 5.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRAZX Columbia Adaptive Risk Allocation Fund	2.61%	2.87%	2.52%	0.55%	8.14%	20.39%	2.12%	7.51%	6.22%	7.14%	0.94%	1.03%
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.51%	5.22%	4.06%	2.12%	4.56%	6.37%	2.25%	2.51%	4.70%	4.51%	1.46%	5.73%

Frequently Asked Questions

Can I hold both CRAZX and GIPIX in my portfolio?

With a correlation of 0.95, CRAZX and GIPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CRAZX or GIPIX?

CRAZX has higher volatility (2.19%) compared to GIPIX (2.18%). In terms of maximum drawdown, CRAZX dropped -18.21% vs GIPIX's -29.46%.

Which has better risk-adjusted returns?

CRAZX currently has the higher Sharpe Ratio (2.87 vs 2.34), 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.