NMKBX vs. UMMGX

Last updated Apr 2, 2026

Compare and contrast key facts about North Square McKee Bond Fund (NMKBX) and Columbia Bond Fund (UMMGX).

NMKBX is managed by North Square. It was launched on Dec 27, 2020. UMMGX is managed by Columbia. It was launched on Jan 9, 1986.

Performance

NMKBX vs. UMMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Square McKee Bond Fund (NMKBX) and Columbia Bond Fund (UMMGX). The values are adjusted to include any dividend payments, if applicable.

NMKBX vs. UMMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NMKBX North Square McKee Bond Fund	0.17%	7.26%	1.78%	5.96%	-9.46%	-1.24%	0.10%
UMMGX Columbia Bond Fund	0.03%	8.03%	2.06%	6.73%	-15.66%	-0.79%	0.31%

Returns By Period

In the year-to-date period, NMKBX achieves a 0.17% return, which is significantly higher than UMMGX's 0.03% return.

NMKBX

• 1D: 0.23%
• 1M: -1.22%
• YTD: 0.17%
• 6M: 0.92%
• 1Y: 4.19%
• 3Y*: 4.16%
• 5Y*: 0.98%
• 10Y*: —

UMMGX

• 1D: 0.00%
• 1M: -1.43%
• YTD: 0.03%
• 6M: 0.77%
• 1Y: 4.54%
• 3Y*: 4.20%
• 5Y*: 0.12%
• 10Y*: 2.07%

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

NMKBX vs. UMMGX - Expense Ratio Comparison

NMKBX has a 0.28% expense ratio, which is lower than UMMGX's 0.52% expense ratio.

UMMGX

Columbia Bond Fund

NMKBX

North Square McKee Bond Fund

Return for Risk

NMKBX vs. UMMGX — Risk / Return Rank

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

NMKBX

NMKBX Risk / Return Rank: 47
NMKBX Sharpe Ratio Rank: 48
NMKBX Sortino Ratio Rank: 46
NMKBX Omega Ratio Rank: 34
NMKBX Calmar Ratio Rank: 68
NMKBX Martin Ratio Rank: 41

UMMGX

UMMGX Risk / Return Rank: 65
UMMGX Sharpe Ratio Rank: 67
UMMGX Sortino Ratio Rank: 71
UMMGX Omega Ratio Rank: 51
UMMGX Calmar Ratio Rank: 78
UMMGX Martin Ratio Rank: 59

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.

NMKBX vs. UMMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square McKee Bond Fund (NMKBX) and Columbia Bond Fund (UMMGX). 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.

	NMKBX	UMMGX	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.31	-0.24
Sortino ratio Return per unit of downside risk	1.53	1.95	-0.42
Omega ratio Gain probability vs. loss probability	1.19	1.23	-0.04
Calmar ratio Return relative to maximum drawdown	1.85	2.09	-0.24
Martin ratio Return relative to average drawdown	5.16	6.63	-1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NMKBX vs. UMMGX - Sharpe Ratio Comparison

The current NMKBX Sharpe Ratio is 1.07, which is comparable to the UMMGX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of NMKBX and UMMGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NMKBX	UMMGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.31	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.02	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.94	-0.81

Correlation

The correlation between NMKBX and UMMGX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NMKBX vs. UMMGX - Dividend Comparison

NMKBX's dividend yield for the trailing twelve months is around 4.23%, more than UMMGX's 4.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMKBX North Square McKee Bond Fund	4.23%	4.25%	4.19%	3.54%	2.12%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UMMGX Columbia Bond Fund	4.08%	4.20%	3.70%	3.73%	2.73%	1.76%	4.77%	4.21%	2.71%	1.88%	4.66%	3.56%

Drawdowns

NMKBX vs. UMMGX - Drawdown Comparison

The maximum NMKBX drawdown since its inception was -14.25%, smaller than the maximum UMMGX drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for NMKBX and UMMGX.

Drawdown Indicators

	NMKBX	UMMGX	Difference
Max Drawdown Largest peak-to-trough decline	-14.25%	-20.86%	+6.61%
Max Drawdown (1Y) Largest decline over 1 year	-2.58%	-2.76%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	-14.25%	-20.86%	+6.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.86%	—
Current Drawdown Current decline from peak	-1.65%	-2.58%	+0.93%
Average Drawdown Average peak-to-trough decline	-4.63%	-2.73%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.87%	+0.06%

Volatility

NMKBX vs. UMMGX - Volatility Comparison

North Square McKee Bond Fund (NMKBX) has a higher volatility of 1.60% compared to Columbia Bond Fund (UMMGX) at 1.05%. This indicates that NMKBX's price experiences larger fluctuations and is considered to be riskier than UMMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMKBX	UMMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.60%	1.05%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	2.35%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	4.27%	4.43%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.39%	6.31%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.28%	5.18%	+0.10%