NSEPX vs. SMGIX

Last updated Aug 4, 2026

NSEPX (Columbia Select Large Cap Equity Fund) and SMGIX (Columbia Contrarian Core Fund) are both Large Cap Blend Equities funds from Columbia. Over the past 10 years, NSEPX returned 14.69%/yr vs 14.43%/yr for SMGIX. Their 0.96 correlation means they have historically moved very closely together. NSEPX charges 0.55%/yr vs 0.75%/yr for SMGIX.

Performance

NSEPX vs. SMGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Large Cap Equity Fund (NSEPX) and Columbia Contrarian Core Fund (SMGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NSEPX achieves a 8.99% return, which is significantly lower than SMGIX's 9.71% return. Both investments have delivered pretty close results over the past 10 years, with NSEPX having a 14.69% annualized return and SMGIX not far behind at 14.43%.

NSEPX

• 1D: 0.69%
• 1M: 0.32%
• 6M: 7.83%
• YTD: 8.99%
• 1Y: 18.48%
• 3Y*: 17.46%
• 5Y*: 11.77%
• 10Y*: 14.69%
• ALL TIME*: 9.08%

SMGIX

• 1D: 0.97%
• 1M: 0.52%
• 6M: 8.79%
• YTD: 9.71%
• 1Y: 18.92%
• 3Y*: 19.11%
• 5Y*: 12.39%
• 10Y*: 14.43%
• ALL TIME*: 13.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NSEPX Columbia Select Large Cap Equity Fund	$0.00	$0.00	$0.00
SMGIX Columbia Contrarian Core Fund	$0.00	$0.00	$0.00

NSEPX vs. SMGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NSEPX Columbia Select Large Cap Equity Fund	8.99%	14.12%	24.24%	28.34%	-19.38%	29.92%	19.60%	28.76%	-5.67%	24.44%
SMGIX Columbia Contrarian Core Fund	9.71%	17.35%	23.33%	32.12%	-18.64%	24.18%	22.21%	32.95%	-8.95%	20.57%

Correlation

The correlation between NSEPX and SMGIX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Oct 2, 1998	0.96

The correlation between NSEPX and SMGIX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

NSEPX vs. SMGIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NSEPX

NSEPX Risk / Return Rank: 38
NSEPX Sharpe Ratio Rank: 38
NSEPX Sortino Ratio Rank: 37
NSEPX Omega Ratio Rank: 37
NSEPX Calmar Ratio Rank: 34
NSEPX Martin Ratio Rank: 43

SMGIX

SMGIX Risk / Return Rank: 38
SMGIX Sharpe Ratio Rank: 39
SMGIX Sortino Ratio Rank: 36
SMGIX Omega Ratio Rank: 37
SMGIX Calmar Ratio Rank: 38
SMGIX Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NSEPX vs. SMGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Large Cap Equity Fund (NSEPX) 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.

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.

	NSEPX	SMGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.27	0.00
Sortino ratio: Return per unit of downside risk	1.81	1.77	+0.04
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.58	1.70	-0.12
Martin ratio: Return relative to average drawdown	6.67	6.58	+0.10

NSEPX vs. SMGIX - Sharpe Ratio Comparison

The current NSEPX Sharpe Ratio is 1.26, which is comparable to the SMGIX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of NSEPX and SMGIX, 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

NSEPX vs. SMGIX - Drawdown Comparison

The maximum NSEPX drawdown since its inception was -52.50%, roughly equal to the maximum SMGIX drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for NSEPX and SMGIX.

Drawdown Indicators

	NSEPX	SMGIX	Difference
Max Drawdown Largest peak-to-trough decline	-52.50%	-50.62%	-1.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-9.99%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-21.19%	-19.92%	-1.27%
Max Drawdown (5Y) Largest decline over 5 years	-25.27%	-32.20%	+6.93%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-32.45%	-0.92%
Current Drawdown Current decline from peak	-1.54%	-1.03%	-0.51%
Average Drawdown Average peak-to-trough decline	-12.54%	-6.71%	-5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.58%	-0.09%

Volatility

NSEPX vs. SMGIX - Volatility Comparison

Columbia Select Large Cap Equity Fund (NSEPX) and Columbia Contrarian Core Fund (SMGIX) have volatilities of 4.00% and 3.90%, 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.

Volatility by Period

	NSEPX	SMGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	3.90%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	10.49%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	13.41%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	19.11%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	18.99%	-0.79%

NSEPX vs. SMGIX - Expense Ratio Comparison

NSEPX has a 0.55% expense ratio, which is lower than SMGIX's 0.75% expense ratio.

Dividends

NSEPX vs. SMGIX - Dividend Comparison

NSEPX's dividend yield for the trailing twelve months is around 6.41%, less than SMGIX's 6.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NSEPX Columbia Select Large Cap Equity Fund	6.41%	3.02%	6.28%	4.88%	6.25%	7.45%	7.13%	5.16%	11.11%	5.57%	2.18%	12.10%
SMGIX Columbia Contrarian Core Fund	6.74%	7.39%	9.69%	3.08%	10.61%	13.70%	7.69%	5.87%	10.17%	4.89%	0.76%	5.86%

Frequently Asked Questions

Can I hold both NSEPX and SMGIX in my portfolio?

With a correlation of 0.97, NSEPX and SMGIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NSEPX or SMGIX?

NSEPX has higher volatility (4.00%) compared to SMGIX (3.90%). In terms of maximum drawdown, NSEPX dropped -52.50% vs SMGIX's -50.62%.

Which has better risk-adjusted returns?

SMGIX currently has the higher Sharpe Ratio (1.27 vs 1.26), 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.