FOF vs. CLM
FOF (Cohen & Steers Closed-End Opportunity Fund) and CLM (Cornerstone Strategic Investment Fund, Inc.) are both mutual funds - FOF is a Large Cap Value Equities fund actively managed by Cohen & Steers, while CLM is a Global Equities fund actively managed by Cornerstone. Both are actively managed. Over the past 10 years, FOF returned 10.42%/yr vs 10.88%/yr for CLM. Their 0.37 correlation means their historical movements had little consistent relationship. FOF charges 0.95%/yr vs 1.10%/yr for CLM.
Performance
FOF vs. CLM - Performance Comparison
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Returns By Period
In the year-to-date period, FOF achieves a 7.58% return, which is significantly higher than CLM's -0.66% return. Both investments have delivered pretty close results over the past 10 years, with FOF having a 10.42% annualized return and CLM not far ahead at 10.88%.
FOF
- 1D
- 0.37%
- 1M
- -0.97%
- 6M
- -4.86%
- YTD
- 7.58%
- 1Y
- 14.44%
- 3Y*
- 16.39%
- 5Y*
- 7.53%
- 10Y*
- 10.42%
- ALL TIME*
- 6.89%
CLM
- 1D
- 1.64%
- 1M
- 0.95%
- 6M
- -1.37%
- YTD
- -0.66%
- 1Y
- 11.38%
- 3Y*
- 14.14%
- 5Y*
- 9.56%
- 10Y*
- 10.88%
- ALL TIME*
- 7.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.53M | $12.84M | $12.41M | |
| $558.96K | $586.46K | $703.32K |
FOF vs. CLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOF Cohen & Steers Closed-End Opportunity Fund | 7.58% | 13.01% | 23.65% | 17.90% | -22.69% | 28.24% | 1.52% | 31.37% | -9.43% | 23.41% |
CLM Cornerstone Strategic Investment Fund, Inc. | -0.66% | 18.61% | 41.49% | 17.50% | -36.72% | 41.42% | 29.43% | 23.60% | -11.94% | 22.11% |
Correlation
The correlation between FOF and CLM is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2006 | 0.37 |
The correlation between FOF and CLM shifts across timeframes, from 0.37 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FOF vs. CLM — Risk / Return Rank
FOF
CLM
FOF vs. CLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Closed-End Opportunity Fund (FOF) and Cornerstone Strategic Investment Fund, Inc. (CLM). 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.
| FOF | CLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 0.73 | +0.20 |
| Martin ratioReturn relative to average drawdown | 2.74 | 2.32 | +0.43 |
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Drawdowns
FOF vs. CLM - Drawdown Comparison
The maximum FOF drawdown since its inception was -59.38%, smaller than the maximum CLM drawdown of -77.02%. Use the drawdown chart below to compare losses from any high point for FOF and CLM.
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Drawdown Indicators
| FOF | CLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -77.02% | +17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -14.61% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -25.16% | +6.58% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -43.45% | +13.49% |
Max Drawdown (10Y)Largest decline over 10 years | -49.74% | -44.98% | -4.76% |
Current DrawdownCurrent decline from peak | -6.06% | -2.41% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -24.66% | +15.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 4.57% | +0.51% |
Volatility
FOF vs. CLM - Volatility Comparison
The current volatility for Cohen & Steers Closed-End Opportunity Fund (FOF) is 3.07%, while Cornerstone Strategic Investment Fund, Inc. (CLM) has a volatility of 5.60%. This indicates that FOF experiences smaller price fluctuations and is considered to be less risky than CLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOF | CLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 5.60% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 15.15% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 16.61% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 24.18% | -6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 25.00% | -4.66% |
FOF vs. CLM - Expense Ratio Comparison
FOF has a 0.95% expense ratio, which is lower than CLM's 1.10% expense ratio.
Dividends
FOF vs. CLM - Dividend Comparison
FOF's dividend yield for the trailing twelve months is around 7.68%, less than CLM's 19.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLM Cornerstone Strategic Investment Fund, Inc. | 19.66% | 17.48% | 15.17% | 20.50% | 29.44% | 13.45% | 18.96% | 21.98% | 25.38% | 18.04% | 22.44% | 28.20% |
FOF Cohen & Steers Closed-End Opportunity Fund | 7.68% | 7.91% | 8.22% | 9.32% | 9.99% | 7.06% | 8.41% | 7.78% | 9.41% | 7.84% | 8.90% | 9.49% |
Frequently Asked Questions
FOF and CLM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLM has higher volatility (5.60%) compared to FOF (3.07%). In terms of maximum drawdown, FOF dropped -59.38% vs CLM's -77.02%.
FOF currently has the higher Sharpe Ratio (0.99 vs 0.64), 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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