NMPAX vs. SHGTX

Last updated Jun 5, 2026

NMPAX (Columbia Mid Cap Index Fund) and SHGTX (Columbia Seligman Global Technology Fund) are both mutual funds - NMPAX is a Mid Cap Blend Equities fund managed by Columbia, while SHGTX is a Technology Equities fund managed by Columbia. Over the past 10 years, NMPAX returned 10.60%/yr vs 27.73%/yr for SHGTX. Their correlation of 0.80 suggests significant overlap in exposure. NMPAX charges 0.20%/yr vs 1.29%/yr for SHGTX.

Performance

NMPAX vs. SHGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Mid Cap Index Fund (NMPAX) 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, NMPAX achieves a 14.02% return, which is significantly lower than SHGTX's 56.73% return. Over the past 10 years, NMPAX has underperformed SHGTX with an annualized return of 10.60%, while SHGTX has yielded a comparatively higher 27.73% annualized return.

NMPAX

• 1D: -0.06%
• 1M: 2.53%
• YTD: 14.02%
• 6M: 13.69%
• 1Y: 25.56%
• 3Y*: 15.92%
• 5Y*: 8.04%
• 10Y*: 10.60%

SHGTX

• 1D: -1.04%
• 1M: 13.16%
• YTD: 56.73%
• 6M: 51.22%
• 1Y: 117.11%
• 3Y*: 46.04%
• 5Y*: 25.44%
• 10Y*: 27.73%

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

NMPAX vs. SHGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NMPAX Columbia Mid Cap Index Fund	14.02%	7.23%	13.67%	16.32%	-13.27%	24.66%	8.71%	25.99%	-11.44%	15.84%
SHGTX Columbia Seligman Global Technology Fund	56.73%	35.09%	26.04%	45.28%	-31.70%	38.60%	45.56%	54.92%	-8.70%	34.52%

Correlation

The correlation between NMPAX and SHGTX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Apr 3, 2000	0.80

The correlation between NMPAX and SHGTX shifts across timeframes, from 0.65 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NMPAX vs. SHGTX — Risk / Return Rank

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

NMPAX

NMPAX Risk / Return Rank: 44
NMPAX Sharpe Ratio Rank: 35
NMPAX Sortino Ratio Rank: 36
NMPAX Omega Ratio Rank: 33
NMPAX Calmar Ratio Rank: 59
NMPAX Martin Ratio Rank: 54

SHGTX

SHGTX Risk / Return Rank: 96
SHGTX Sharpe Ratio Rank: 99
SHGTX Sortino Ratio Rank: 94
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.

NMPAX vs. SHGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Mid Cap Index Fund (NMPAX) 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.

	NMPAX	SHGTX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	4.60	-2.96
Sortino ratio: Return per unit of downside risk	2.40	4.91	-2.51
Omega ratio: Gain probability vs. loss probability	1.29	1.66	-0.37
Calmar ratio: Return relative to maximum drawdown	2.87	9.62	-6.75
Martin ratio: Return relative to average drawdown	10.50	36.66	-26.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NMPAX vs. SHGTX - Sharpe Ratio Comparison

The current NMPAX Sharpe Ratio is 1.64, which is lower than the SHGTX Sharpe Ratio of 4.60. The chart below compares the historical Sharpe Ratios of NMPAX 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.

Sharpe Ratios by Period

	NMPAX	SHGTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	4.60	-2.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.93	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	1.04	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.66	-0.22

Drawdowns

NMPAX vs. SHGTX - Drawdown Comparison

The maximum NMPAX drawdown since its inception was -54.31%, smaller than the maximum SHGTX drawdown of -77.47%. Use the drawdown chart below to compare losses from any high point for NMPAX and SHGTX.

Drawdown Indicators

	NMPAX	SHGTX	Difference
Max Drawdown Largest peak-to-trough decline	-54.31%	-77.47%	+23.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-12.45%	+3.61%
Max Drawdown (3Y) Largest decline over 3 years	-24.03%	-28.90%	+4.87%
Max Drawdown (5Y) Largest decline over 5 years	-24.03%	-43.17%	+19.14%
Max Drawdown (10Y) Largest decline over 10 years	-42.09%	-43.17%	+1.08%
Current Drawdown Current decline from peak	-0.06%	-1.04%	+0.98%
Average Drawdown Average peak-to-trough decline	-7.72%	-24.93%	+17.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	3.26%	-0.85%

Volatility

NMPAX vs. SHGTX - Volatility Comparison

The current volatility for Columbia Mid Cap Index Fund (NMPAX) is 4.38%, while Columbia Seligman Global Technology Fund (SHGTX) has a volatility of 7.43%. This indicates that NMPAX 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

	NMPAX	SHGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	7.43%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	20.12%	-8.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	26.10%	-10.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	27.44%	-7.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	26.79%	-5.67%

NMPAX vs. SHGTX - Expense Ratio Comparison

NMPAX has a 0.20% expense ratio, which is lower than SHGTX's 1.29% expense ratio.

Dividends

NMPAX vs. SHGTX - Dividend Comparison

NMPAX's dividend yield for the trailing twelve months is around 8.19%, more than SHGTX's 5.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMPAX Columbia Mid Cap Index Fund	8.19%	9.34%	11.35%	7.97%	11.65%	18.03%	5.96%	5.70%	10.06%	7.66%	7.97%	10.12%
SHGTX Columbia Seligman Global Technology Fund	5.39%	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 NMPAX and SHGTX in my portfolio?

NMPAX and SHGTX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NMPAX or SHGTX?

SHGTX has higher volatility (7.43%) compared to NMPAX (4.38%). In terms of maximum drawdown, NMPAX dropped -54.31% vs SHGTX's -77.47%.

Which has better risk-adjusted returns?

SHGTX currently has the higher Sharpe Ratio (4.60 vs 1.64), 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.