CZAMX vs. CDDYX
Compare and contrast key facts about Multi-Manager Alternative Strategies Fund (CZAMX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX).
CZAMX is managed by Columbia. It was launched on Jan 2, 2017. CDDYX is managed by Columbia. It was launched on Nov 8, 2012.
Performance
CZAMX vs. CDDYX - Performance Comparison
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CZAMX vs. CDDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZAMX Multi-Manager Alternative Strategies Fund | 1.63% | 4.59% | 1.99% | 3.07% | 2.85% | 0.80% | 5.78% | 6.09% | -3.16% | 0.44% |
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 1.65% | 15.95% | 15.17% | 10.65% | -4.84% | 26.43% | 7.92% | 28.74% | -4.27% | 19.66% |
Returns By Period
The year-to-date returns for both investments are quite close, with CZAMX having a 1.63% return and CDDYX slightly higher at 1.65%.
CZAMX
- 1D
- 0.11%
- 1M
- -1.68%
- YTD
- 1.63%
- 6M
- 3.67%
- 1Y
- 6.41%
- 3Y*
- 3.81%
- 5Y*
- 2.73%
- 10Y*
- —
CDDYX
- 1D
- 0.03%
- 1M
- -5.46%
- YTD
- 1.65%
- 6M
- 4.20%
- 1Y
- 14.89%
- 3Y*
- 14.58%
- 5Y*
- 10.65%
- 10Y*
- 12.13%
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CZAMX vs. CDDYX - Expense Ratio Comparison
CZAMX has a 1.27% expense ratio, which is higher than CDDYX's 0.55% expense ratio.
Return for Risk
CZAMX vs. CDDYX — Risk / Return Rank
CZAMX
CDDYX
CZAMX vs. CDDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Alternative Strategies Fund (CZAMX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.
| CZAMX | CDDYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.20 | +0.46 |
Sortino ratioReturn per unit of downside risk | 2.27 | 1.70 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.47 | +0.53 |
Martin ratioReturn relative to average drawdown | 5.67 | 6.88 | -1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CZAMX | CDDYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.20 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.81 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.85 | -0.08 |
Correlation
The correlation between CZAMX and CDDYX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CZAMX vs. CDDYX - Dividend Comparison
CZAMX's dividend yield for the trailing twelve months is around 3.15%, less than CDDYX's 5.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZAMX Multi-Manager Alternative Strategies Fund | 3.15% | 3.20% | 2.11% | 2.60% | 7.74% | 1.44% | 0.89% | 2.11% | 1.48% | 0.00% | 0.00% | 0.00% |
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 5.29% | 5.33% | 5.99% | 4.96% | 3.90% | 2.93% | 1.85% | 3.28% | 7.65% | 4.03% | 3.84% | 8.35% |
Drawdowns
CZAMX vs. CDDYX - Drawdown Comparison
The maximum CZAMX drawdown since its inception was -7.16%, smaller than the maximum CDDYX drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for CZAMX and CDDYX.
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Drawdown Indicators
| CZAMX | CDDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.16% | -32.74% | +25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -10.17% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -5.52% | -16.91% | +11.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.74% | — |
Current DrawdownCurrent decline from peak | -1.68% | -5.46% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -2.79% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.18% | -1.09% |
Volatility
CZAMX vs. CDDYX - Volatility Comparison
The current volatility for Multi-Manager Alternative Strategies Fund (CZAMX) is 1.00%, while Columbia Dividend Income Fund Institutional 3 Class (CDDYX) has a volatility of 2.92%. This indicates that CZAMX experiences smaller price fluctuations and is considered to be less risky than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZAMX | CDDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 2.92% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 6.83% | -4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 13.61% | -9.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 13.29% | -9.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.37% | 15.68% | -12.31% |