CZAMX vs. MSFT
CZAMX (Multi-Manager Alternative Strategies Fund) is Multistrategy fund managed by Columbia, while MSFT (Microsoft Corporation) is a stock. Over the past 5 years, CZAMX returned 3.01%/yr vs 11.19%/yr for MSFT. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
CZAMX vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, CZAMX achieves a 3.37% return, which is significantly higher than MSFT's -3.48% return.
CZAMX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 1.60%
- YTD
- 3.37%
- 1Y
- 8.48%
- 3Y*
- 3.67%
- 5Y*
- 3.01%
- 10Y*
- —
- ALL TIME*
- 2.69%
MSFT
- 1D
- 3.02%
- 1M
- 19.01%
- 6M
- 8.48%
- YTD
- -3.48%
- 1Y
- -10.62%
- 3Y*
- 12.25%
- 5Y*
- 11.19%
- 10Y*
- 24.97%
- ALL TIME*
- 25.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $17.39B | $14.79B | $16.23B |
CZAMX vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZAMX Multi-Manager Alternative Strategies Fund | 3.37% | 4.59% | 1.99% | 3.07% | 2.85% | 0.80% | 5.78% | 6.09% | -3.16% | 0.44% |
MSFT Microsoft Corporation | -3.48% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 35.27% |
Correlation
The correlation between CZAMX and MSFT is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.23 |
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Return for Risk
CZAMX vs. MSFT — Risk / Return Rank
CZAMX
MSFT
CZAMX vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Alternative Strategies Fund (CZAMX) and Microsoft Corporation (MSFT). 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.
| CZAMX | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.80 | ||
| Sortino ratioReturn per unit of downside risk | +3.91 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.95 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | -0.35 | +4.98 |
| Martin ratioReturn relative to average drawdown | 12.56 | -0.63 | +13.19 |
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Drawdowns
CZAMX vs. MSFT - Drawdown Comparison
The maximum CZAMX drawdown since its inception was -7.16%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for CZAMX and MSFT.
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Drawdown Indicators
| CZAMX | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.16% | -69.38% | +62.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -34.50% | +32.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | -34.50% | +28.98% |
Max Drawdown (5Y)Largest decline over 5 years | -5.52% | -37.15% | +31.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -1.14% | -13.73% | +12.59% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -21.80% | +20.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 19.35% | -18.69% |
Volatility
CZAMX vs. MSFT - Volatility Comparison
The current volatility for Multi-Manager Alternative Strategies Fund (CZAMX) is 0.63%, while Microsoft Corporation (MSFT) has a volatility of 15.97%. This indicates that CZAMX experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZAMX | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 15.97% | -15.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 26.41% | -24.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 31.93% | -28.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.34% | 28.00% | -24.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 27.62% | -24.27% |
Dividends
CZAMX vs. MSFT - Dividend Comparison
CZAMX's dividend yield for the trailing twelve months is around 3.10%, more than MSFT's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZAMX Multi-Manager Alternative Strategies Fund | 3.10% | 3.20% | 2.11% | 2.60% | 7.74% | 1.44% | 0.89% | 2.11% | 1.48% | 0.00% | 0.00% | 0.00% |
MSFT Microsoft Corporation | 0.77% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
CZAMX and MSFT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (15.97%) compared to CZAMX (0.63%). In terms of maximum drawdown, CZAMX dropped -7.16% vs MSFT's -69.38%.
CZAMX currently has the higher Sharpe Ratio (2.41 vs -0.39), 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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