FCOTX vs. WTCOX

Last updated Jun 24, 2026

FCOTX (Nuveen Colorado Municipal Bond Fund) and WTCOX (Segall Bryant & Hamill Colorado Tax Free Fund) are both Municipal Bonds funds. Over the past 10 years, FCOTX returned 1.84%/yr vs 1.66%/yr for WTCOX. A 0.77 correlation means they provide meaningful diversification when combined. FCOTX charges 0.77%/yr vs 0.65%/yr for WTCOX.

Performance

FCOTX vs. WTCOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Colorado Municipal Bond Fund (FCOTX) and Segall Bryant & Hamill Colorado Tax Free Fund (WTCOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCOTX achieves a 1.72% return, which is significantly higher than WTCOX's 1.44% return. Over the past 10 years, FCOTX has outperformed WTCOX with an annualized return of 1.84%, while WTCOX has yielded a comparatively lower 1.66% annualized return.

FCOTX

• 1D: 0.00%
• 1M: 1.72%
• YTD: 1.72%
• 6M: 2.02%
• 1Y: 6.48%
• 3Y*: 3.27%
• 5Y*: 0.48%
• 10Y*: 1.84%

WTCOX

• 1D: -0.10%
• 1M: 0.97%
• YTD: 1.44%
• 6M: 1.66%
• 1Y: 4.85%
• 3Y*: 3.43%
• 5Y*: 0.25%
• 10Y*: 1.66%

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

FCOTX vs. WTCOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCOTX Nuveen Colorado Municipal Bond Fund	1.72%	2.53%	2.07%	6.15%	-9.92%	1.52%	5.31%	7.70%	0.87%	5.79%
WTCOX Segall Bryant & Hamill Colorado Tax Free Fund	1.44%	3.29%	2.39%	5.03%	-10.64%	1.87%	5.09%	7.14%	0.69%	5.12%

Correlation

The correlation between FCOTX and WTCOX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 31, 1991	0.77

The correlation between FCOTX and WTCOX shifts across timeframes, from 0.75 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FCOTX vs. WTCOX — Risk / Return Rank

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

FCOTX

FCOTX Risk / Return Rank: 72
FCOTX Sharpe Ratio Rank: 80
FCOTX Sortino Ratio Rank: 86
FCOTX Omega Ratio Rank: 89
FCOTX Calmar Ratio Rank: 57
FCOTX Martin Ratio Rank: 46

WTCOX

WTCOX Risk / Return Rank: 85
WTCOX Sharpe Ratio Rank: 97
WTCOX Sortino Ratio Rank: 96
WTCOX Omega Ratio Rank: 97
WTCOX Calmar Ratio Rank: 76
WTCOX 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.

FCOTX vs. WTCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Colorado Municipal Bond Fund (FCOTX) and Segall Bryant & Hamill Colorado Tax Free Fund (WTCOX). 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.

	FCOTX	WTCOX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	3.32	-0.90
Sortino ratio: Return per unit of downside risk	3.80	5.07	-1.27
Omega ratio: Gain probability vs. loss probability	1.59	1.88	-0.29
Calmar ratio: Return relative to maximum drawdown	2.79	3.26	-0.47
Martin ratio: Return relative to average drawdown	9.16	11.23	-2.07

FCOTX vs. WTCOX - Sharpe Ratio Comparison

The current FCOTX Sharpe Ratio is 2.42, which is comparable to the WTCOX Sharpe Ratio of 3.32. The chart below compares the historical Sharpe Ratios of FCOTX and WTCOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCOTX vs. WTCOX - Drawdown Comparison

The maximum FCOTX drawdown since its inception was -17.83%, which is greater than WTCOX's maximum drawdown of -13.61%. Use the drawdown chart below to compare losses from any high point for FCOTX and WTCOX.

Drawdown Indicators

	FCOTX	WTCOX	Difference
Max Drawdown Largest peak-to-trough decline	-17.83%	-13.61%	-4.22%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-1.52%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-6.75%	-4.26%	-2.49%
Max Drawdown (5Y) Largest decline over 5 years	-15.40%	-13.61%	-1.79%
Max Drawdown (10Y) Largest decline over 10 years	-15.40%	-13.61%	-1.79%
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-2.37%	-1.62%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	0.44%	+0.28%

Volatility

FCOTX vs. WTCOX - Volatility Comparison

Nuveen Colorado Municipal Bond Fund (FCOTX) has a higher volatility of 0.70% compared to Segall Bryant & Hamill Colorado Tax Free Fund (WTCOX) at 0.41%. This indicates that FCOTX's price experiences larger fluctuations and is considered to be riskier than WTCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCOTX	WTCOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	0.41%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	1.95%	1.18%	+0.77%
Volatility (1Y) Calculated over the trailing 1-year period	2.75%	1.50%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.15%	2.87%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.29%	3.16%	+1.13%

FCOTX vs. WTCOX - Expense Ratio Comparison

FCOTX has a 0.77% expense ratio, which is higher than WTCOX's 0.65% expense ratio.

Dividends

FCOTX vs. WTCOX - Dividend Comparison

FCOTX's dividend yield for the trailing twelve months is around 3.29%, less than WTCOX's 3.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCOTX Nuveen Colorado Municipal Bond Fund	3.29%	3.55%	3.44%	3.10%	2.59%	1.77%	2.27%	2.92%	3.30%	3.15%	3.39%	3.63%
WTCOX Segall Bryant & Hamill Colorado Tax Free Fund	3.46%	3.41%	3.43%	3.11%	2.91%	2.20%	2.71%	3.48%	3.06%	2.80%	2.98%	2.70%

Frequently Asked Questions

Can I hold both FCOTX and WTCOX in my portfolio?

FCOTX and WTCOX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCOTX or WTCOX?

FCOTX has higher volatility (0.70%) compared to WTCOX (0.41%). In terms of maximum drawdown, FCOTX dropped -17.83% vs WTCOX's -13.61%.

Which has better risk-adjusted returns?

WTCOX currently has the higher Sharpe Ratio (3.32 vs 2.42), 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.