NMPAX vs. SMGIX
Compare and contrast key facts about Columbia Mid Cap Index Fund (NMPAX) and Columbia Contrarian Core Fund (SMGIX).
NMPAX is managed by Columbia. It was launched on Mar 31, 2000. SMGIX is managed by Columbia. It was launched on Dec 14, 1992.
Performance
NMPAX vs. SMGIX - Performance Comparison
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NMPAX vs. SMGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMPAX Columbia Mid Cap Index Fund | 2.47% | 7.23% | 13.67% | 16.32% | -13.27% | 24.66% | 8.71% | 25.99% | -11.44% | 15.84% |
SMGIX Columbia Contrarian Core Fund | -5.63% | 17.35% | 23.33% | 32.12% | -18.64% | 24.18% | 22.21% | 32.95% | -8.95% | 20.57% |
Returns By Period
In the year-to-date period, NMPAX achieves a 2.47% return, which is significantly higher than SMGIX's -5.63% return. Over the past 10 years, NMPAX has underperformed SMGIX with an annualized return of 9.82%, while SMGIX has yielded a comparatively higher 13.21% annualized return.
NMPAX
- 1D
- 2.90%
- 1M
- -6.19%
- YTD
- 2.47%
- 6M
- 3.74%
- 1Y
- 16.46%
- 3Y*
- 11.86%
- 5Y*
- 6.42%
- 10Y*
- 9.82%
SMGIX
- 1D
- 2.93%
- 1M
- -4.62%
- YTD
- -5.63%
- 6M
- -3.60%
- 1Y
- 15.81%
- 3Y*
- 18.40%
- 5Y*
- 10.92%
- 10Y*
- 13.21%
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NMPAX vs. SMGIX - Expense Ratio Comparison
NMPAX has a 0.20% expense ratio, which is lower than SMGIX's 0.75% expense ratio.
Return for Risk
NMPAX vs. SMGIX — Risk / Return Rank
NMPAX
SMGIX
NMPAX vs. SMGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Mid Cap Index Fund (NMPAX) and Columbia Contrarian Core Fund (SMGIX). 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 | SMGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.87 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.34 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.34 | -0.11 |
Martin ratioReturn relative to average drawdown | 5.30 | 5.64 | -0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NMPAX | SMGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.87 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.58 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.70 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.68 | -0.26 |
Correlation
The correlation between NMPAX and SMGIX is 0.87, 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
NMPAX vs. SMGIX - Dividend Comparison
NMPAX's dividend yield for the trailing twelve months is around 9.11%, more than SMGIX's 7.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMPAX Columbia Mid Cap Index Fund | 9.11% | 9.34% | 11.35% | 7.97% | 11.65% | 18.03% | 5.96% | 5.70% | 10.06% | 7.66% | 7.97% | 10.12% |
SMGIX Columbia Contrarian Core Fund | 7.83% | 7.39% | 9.69% | 3.08% | 10.61% | 13.70% | 7.69% | 5.87% | 10.17% | 4.89% | 0.76% | 5.86% |
Drawdowns
NMPAX vs. SMGIX - Drawdown Comparison
The maximum NMPAX drawdown since its inception was -54.31%, which is greater than SMGIX's maximum drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for NMPAX and SMGIX.
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Drawdown Indicators
| NMPAX | SMGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.31% | -50.62% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.10% | -12.33% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.03% | -32.20% | +8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -32.45% | -9.64% |
Current DrawdownCurrent decline from peak | -6.19% | -7.35% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -6.77% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.93% | +0.34% |
Volatility
NMPAX vs. SMGIX - Volatility Comparison
Columbia Mid Cap Index Fund (NMPAX) has a higher volatility of 6.60% compared to Columbia Contrarian Core Fund (SMGIX) at 5.29%. This indicates that NMPAX's price experiences larger fluctuations and is considered to be riskier than SMGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMPAX | SMGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 5.29% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.89% | 9.73% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | 18.74% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 19.00% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 18.97% | +2.13% |