INTAX vs. SRHMX
INTAX (Columbia Strategic Municipal Income Fund) and SRHMX (Columbia High Yield Municipal Fund) are both mutual funds - INTAX is a Municipal Bonds fund managed by Columbia, while SRHMX is a High Yield Muni fund managed by Columbia. Over the past 10 years, INTAX returned 2.16%/yr vs 2.73%/yr for SRHMX. A 0.72 correlation means they provide meaningful diversification when combined. INTAX charges 0.78%/yr vs 0.65%/yr for SRHMX.
Performance
INTAX vs. SRHMX - Performance Comparison
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Returns By Period
In the year-to-date period, INTAX achieves a 2.59% return, which is significantly lower than SRHMX's 3.38% return. Over the past 10 years, INTAX has underperformed SRHMX with an annualized return of 2.16%, while SRHMX has yielded a comparatively higher 2.73% annualized return.
INTAX
- 1D
- -0.07%
- 1M
- 2.13%
- YTD
- 2.59%
- 6M
- 3.06%
- 1Y
- 8.35%
- 3Y*
- 4.52%
- 5Y*
- 0.42%
- 10Y*
- 2.16%
SRHMX
- 1D
- 0.11%
- 1M
- 2.22%
- YTD
- 3.38%
- 6M
- 3.99%
- 1Y
- 8.98%
- 3Y*
- 6.27%
- 5Y*
- 0.79%
- 10Y*
- 2.73%
INTAX vs. SRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INTAX Columbia Strategic Municipal Income Fund | 2.59% | 3.80% | 3.72% | 7.92% | -14.56% | 2.65% | 5.05% | 8.83% | 0.51% | 7.32% |
SRHMX Columbia High Yield Municipal Fund | 3.38% | 4.36% | 7.72% | 6.63% | -17.44% | 6.57% | 3.75% | 9.05% | 2.43% | 7.05% |
Correlation
The correlation between INTAX and SRHMX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 1995 | 0.72 |
The correlation between INTAX and SRHMX shifts across timeframes, from 0.72 (all time) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
INTAX vs. SRHMX — Risk / Return Rank
INTAX
SRHMX
INTAX vs. SRHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Strategic Municipal Income Fund (INTAX) and Columbia High Yield Municipal Fund (SRHMX). 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.
| INTAX | SRHMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.65 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 3.32 | -0.58 |
| Martin ratioReturn relative to average drawdown | 9.17 | 12.06 | -2.90 |
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Drawdowns
INTAX vs. SRHMX - Drawdown Comparison
The maximum INTAX drawdown since its inception was -36.87%, which is greater than SRHMX's maximum drawdown of -26.04%. Use the drawdown chart below to compare losses from any high point for INTAX and SRHMX.
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Drawdown Indicators
| INTAX | SRHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.87% | -26.04% | -10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.72% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -8.91% | -8.81% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.74% | -22.59% | +1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -20.74% | -22.59% | +1.85% |
Current DrawdownCurrent decline from peak | -0.07% | 0.00% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -2.99% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.75% | +0.18% |
Volatility
INTAX vs. SRHMX - Volatility Comparison
Columbia Strategic Municipal Income Fund (INTAX) and Columbia High Yield Municipal Fund (SRHMX) have volatilities of 0.91% and 0.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INTAX | SRHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.95% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 2.53% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 3.44% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 5.90% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 5.61% | -0.19% |
INTAX vs. SRHMX - Expense Ratio Comparison
INTAX has a 0.78% expense ratio, which is higher than SRHMX's 0.65% expense ratio.
Dividends
INTAX vs. SRHMX - Dividend Comparison
INTAX's dividend yield for the trailing twelve months is around 3.77%, less than SRHMX's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INTAX Columbia Strategic Municipal Income Fund | 3.77% | 4.97% | 3.79% | 3.08% | 2.76% | 2.45% | 2.46% | 3.45% | 3.79% | 3.76% | 4.09% | 4.36% |
SRHMX Columbia High Yield Municipal Fund | 4.61% | 5.65% | 4.79% | 4.30% | 4.46% | 3.40% | 3.83% | 4.55% | 5.10% | 4.30% | 4.56% | 4.55% |
Frequently Asked Questions
INTAX and SRHMX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRHMX has higher volatility (0.95%) compared to INTAX (0.91%). In terms of maximum drawdown, INTAX dropped -36.87% vs SRHMX's -26.04%.
SRHMX currently has the higher Sharpe Ratio (2.62 vs 2.41), 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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