Correlation
The correlation between CZAMX and VOO is 0.37, 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.
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 Threadneedle. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CZAMX or VOO.
Performance
CZAMX vs. VOO - Performance Comparison
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Key characteristics
CZAMX:
-0.78
VOO:
0.74
CZAMX:
-1.06
VOO:
1.04
CZAMX:
0.86
VOO:
1.15
CZAMX:
-0.60
VOO:
0.68
CZAMX:
-1.26
VOO:
2.58
CZAMX:
2.61%
VOO:
4.93%
CZAMX:
3.76%
VOO:
19.54%
CZAMX:
-7.16%
VOO:
-33.99%
CZAMX:
-4.01%
VOO:
-3.55%
Returns By Period
In the year-to-date period, CZAMX achieves a -1.43% return, which is significantly lower than VOO's 0.90% return.
CZAMX
-1.43%
0.22%
-1.85%
-2.89%
1.20%
2.37%
N/A
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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CZAMX vs. VOO - Expense Ratio Comparison
CZAMX has a 1.27% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CZAMX vs. VOO — Risk-Adjusted Performance Rank
CZAMX
VOO
CZAMX vs. VOO - Risk-Adjusted Performance 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.
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Dividends
CZAMX vs. VOO - Dividend Comparison
CZAMX's dividend yield for the trailing twelve months is around 2.15%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZAMX Multi-Manager Alternative Strategies Fund | 2.15% | 2.12% | 2.60% | 7.73% | 1.44% | 0.89% | 2.11% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
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.
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Volatility
CZAMX vs. VOO - Volatility Comparison
The current volatility for Multi-Manager Alternative Strategies Fund (CZAMX) is 0.73%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. 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.
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