GNYTX vs. SHGTX

Last updated Jun 23, 2026

GNYTX (Columbia New York Intermediate Municipal Bond Fund) and SHGTX (Columbia Seligman Global Technology Fund) are both mutual funds - GNYTX is a Municipal Bonds fund managed by Columbia, while SHGTX is a Technology Equities fund managed by Columbia. Over the past 10 years, GNYTX returned 1.75%/yr vs 27.99%/yr for SHGTX. At a correlation of -0.07, they often move in opposite directions. GNYTX charges 0.48%/yr vs 1.29%/yr for SHGTX.

Performance

GNYTX vs. SHGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia New York Intermediate Municipal Bond Fund (GNYTX) and Columbia Seligman Global Technology Fund (SHGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GNYTX achieves a 1.35% return, which is significantly lower than SHGTX's 58.24% return. Over the past 10 years, GNYTX has underperformed SHGTX with an annualized return of 1.75%, while SHGTX has yielded a comparatively higher 27.99% annualized return.

GNYTX

• 1D: 0.09%
• 1M: 1.05%
• YTD: 1.35%
• 6M: 1.68%
• 1Y: 5.54%
• 3Y*: 3.39%
• 5Y*: 0.86%
• 10Y*: 1.75%

SHGTX

• 1D: 3.81%
• 1M: 8.06%
• YTD: 58.24%
• 6M: 56.21%
• 1Y: 116.33%
• 3Y*: 44.50%
• 5Y*: 25.92%
• 10Y*: 27.99%

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

GNYTX vs. SHGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GNYTX Columbia New York Intermediate Municipal Bond Fund	1.35%	4.91%	1.16%	4.41%	-7.24%	1.47%	3.66%	6.60%	1.10%	3.90%
SHGTX Columbia Seligman Global Technology Fund	58.24%	35.09%	26.04%	45.28%	-31.70%	38.60%	45.56%	54.92%	-8.70%	34.52%

Correlation

The correlation between GNYTX and SHGTX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since May 23, 1994	-0.07

The correlation between GNYTX and SHGTX shifts across timeframes, from -0.07 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GNYTX vs. SHGTX — Risk / Return Rank

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

GNYTX

GNYTX Risk / Return Rank: 74
GNYTX Sharpe Ratio Rank: 94
GNYTX Sortino Ratio Rank: 95
GNYTX Omega Ratio Rank: 96
GNYTX Calmar Ratio Rank: 44
GNYTX Martin Ratio Rank: 41

SHGTX

SHGTX Risk / Return Rank: 96
SHGTX Sharpe Ratio Rank: 99
SHGTX Sortino Ratio Rank: 93
SHGTX Omega Ratio Rank: 89
SHGTX Calmar Ratio Rank: 98
SHGTX Martin Ratio Rank: 98

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.

GNYTX vs. SHGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia New York Intermediate Municipal Bond Fund (GNYTX) and Columbia Seligman Global Technology Fund (SHGTX). 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.

	GNYTX	SHGTX	Difference
Sharpe ratio: Return per unit of total volatility	2.97	4.17	-1.20
Sortino ratio: Return per unit of downside risk	4.71	4.44	+0.28
Omega ratio: Gain probability vs. loss probability	1.78	1.60	+0.18
Calmar ratio: Return relative to maximum drawdown	2.43	9.28	-6.85
Martin ratio: Return relative to average drawdown	8.25	33.22	-24.97

GNYTX vs. SHGTX - Sharpe Ratio Comparison

The current GNYTX Sharpe Ratio is 2.97, which is comparable to the SHGTX Sharpe Ratio of 4.17. The chart below compares the historical Sharpe Ratios of GNYTX and SHGTX, 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

GNYTX vs. SHGTX - Drawdown Comparison

The maximum GNYTX drawdown since its inception was -15.58%, smaller than the maximum SHGTX drawdown of -77.47%. Use the drawdown chart below to compare losses from any high point for GNYTX and SHGTX.

Drawdown Indicators

	GNYTX	SHGTX	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-77.47%	+61.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.29%	-12.45%	+10.16%
Max Drawdown (3Y) Largest decline over 3 years	-3.71%	-28.90%	+25.19%
Max Drawdown (5Y) Largest decline over 5 years	-11.37%	-43.17%	+31.80%
Max Drawdown (10Y) Largest decline over 10 years	-11.37%	-43.17%	+31.80%
Current Drawdown Current decline from peak	-0.52%	-0.08%	-0.44%
Average Drawdown Average peak-to-trough decline	-1.78%	-24.90%	+23.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	3.47%	-2.80%

Volatility

GNYTX vs. SHGTX - Volatility Comparison

The current volatility for Columbia New York Intermediate Municipal Bond Fund (GNYTX) is 0.57%, while Columbia Seligman Global Technology Fund (SHGTX) has a volatility of 11.69%. This indicates that GNYTX experiences smaller price fluctuations and is considered to be less risky than SHGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GNYTX	SHGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	11.69%	-11.12%
Volatility (6M) Calculated over the trailing 6-month period	1.45%	21.95%	-20.50%
Volatility (1Y) Calculated over the trailing 1-year period	1.88%	27.74%	-25.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.68%	27.77%	-25.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.20%	26.96%	-23.76%

GNYTX vs. SHGTX - Expense Ratio Comparison

GNYTX has a 0.48% expense ratio, which is lower than SHGTX's 1.29% expense ratio.

Dividends

GNYTX vs. SHGTX - Dividend Comparison

GNYTX's dividend yield for the trailing twelve months is around 2.75%, less than SHGTX's 5.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GNYTX Columbia New York Intermediate Municipal Bond Fund	2.75%	3.57%	2.60%	2.30%	2.30%	2.38%	2.33%	2.82%	2.95%	2.73%	3.14%	3.18%
SHGTX Columbia Seligman Global Technology Fund	5.34%	8.45%	14.04%	6.22%	3.94%	11.77%	9.92%	10.26%	12.75%	7.25%	8.13%	8.09%

Frequently Asked Questions

Can I hold both GNYTX and SHGTX in my portfolio?

GNYTX and SHGTX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GNYTX or SHGTX?

SHGTX has higher volatility (11.69%) compared to GNYTX (0.57%). In terms of maximum drawdown, GNYTX dropped -15.58% vs SHGTX's -77.47%.

Which has better risk-adjusted returns?

SHGTX currently has the higher Sharpe Ratio (4.17 vs 2.97), 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.