CZAMX vs. VOO
Compare and contrast key facts about Multi-Manager Alternative Strategies Fund (CZAMX) and Vanguard S&P 500 ETF (VOO).
CZAMX is managed by Columbia. It was launched on Jan 2, 2017. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
CZAMX vs. VOO - Performance Comparison
Loading graphics...
CZAMX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 19.62% |
Returns By Period
In the year-to-date period, CZAMX achieves a 1.63% return, which is significantly higher than VOO's -4.42% return.
CZAMX
- 1D
- 0.11%
- 1M
- -1.68%
- YTD
- 1.63%
- 6M
- 3.67%
- 1Y
- 6.41%
- 3Y*
- 3.81%
- 5Y*
- 2.73%
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CZAMX vs. VOO - Expense Ratio Comparison
CZAMX has a 1.27% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
CZAMX vs. VOO — Risk / Return Rank
CZAMX
VOO
CZAMX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Alternative Strategies Fund (CZAMX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 0.98 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.27 | 1.50 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.53 | +0.47 |
Martin ratioReturn relative to average drawdown | 5.67 | 7.29 | -1.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CZAMX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 0.98 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.70 | +0.11 |
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 | 0.83 | -0.06 |
Correlation
The correlation between CZAMX and VOO is 0.39, 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. VOO - Dividend Comparison
CZAMX's dividend yield for the trailing twelve months is around 3.15%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
CZAMX vs. VOO - Drawdown Comparison
The maximum CZAMX drawdown since its inception was -7.16%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CZAMX and VOO.
Loading graphics...
Drawdown Indicators
| CZAMX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.16% | -33.99% | +26.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -11.98% | +9.00% |
Max Drawdown (5Y)Largest decline over 5 years | -5.52% | -24.52% | +19.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -1.68% | -6.29% | +4.61% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -3.72% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.52% | -1.43% |
Volatility
CZAMX vs. VOO - Volatility Comparison
The current volatility for Multi-Manager Alternative Strategies Fund (CZAMX) is 1.00%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that CZAMX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CZAMX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 5.29% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 9.44% | -6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 18.10% | -14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 16.82% | -13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.37% | 17.99% | -14.62% |