SCMIX vs. SHGTX
SCMIX (Columbia Seligman Technology and Information Fund Institutional 2 Class) and SHGTX (Columbia Seligman Global Technology Fund) are both Technology Equities funds from Columbia. Over the past 10 years, SCMIX returned 28.38%/yr vs 27.87%/yr for SHGTX. With a 0.98 correlation, they move nearly in lockstep. SCMIX charges 0.89%/yr vs 1.29%/yr for SHGTX.
Performance
SCMIX vs. SHGTX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SCMIX having a 58.84% return and SHGTX slightly lower at 58.37%. Both investments have delivered pretty close results over the past 10 years, with SCMIX having a 28.38% annualized return and SHGTX not far behind at 27.87%.
SCMIX
- 1D
- 3.67%
- 1M
- 15.59%
- YTD
- 58.84%
- 6M
- 55.57%
- 1Y
- 126.94%
- 3Y*
- 48.05%
- 5Y*
- 27.17%
- 10Y*
- 28.38%
SHGTX
- 1D
- 3.58%
- 1M
- 16.12%
- YTD
- 58.37%
- 6M
- 55.67%
- 1Y
- 121.45%
- 3Y*
- 46.55%
- 5Y*
- 26.25%
- 10Y*
- 27.87%
SCMIX vs. SHGTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class | 58.84% | 37.73% | 27.06% | 44.68% | -30.96% | 39.37% | 44.85% | 54.60% | -7.81% | 34.46% |
SHGTX Columbia Seligman Global Technology Fund | 58.37% | 35.09% | 26.04% | 45.28% | -31.70% | 38.60% | 45.56% | 54.92% | -8.70% | 34.52% |
Correlation
The correlation between SCMIX and SHGTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2002 | 0.98 |
The correlation between SCMIX and SHGTX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
SCMIX vs. SHGTX — Risk / Return Rank
SCMIX
SHGTX
SCMIX vs. SHGTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) 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.
| SCMIX | SHGTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.69 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 10.71 | 10.16 | +0.55 |
| Martin ratioReturn relative to average drawdown | 41.57 | 38.70 | +2.87 |
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
| SCMIX | SHGTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.06 | 4.85 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.96 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.09 | 1.04 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.66 | +0.03 |
Drawdowns
SCMIX vs. SHGTX - Drawdown Comparison
The maximum SCMIX drawdown since its inception was -50.85%, smaller than the maximum SHGTX drawdown of -77.47%. Use the drawdown chart below to compare losses from any high point for SCMIX and SHGTX.
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Drawdown Indicators
| SCMIX | SHGTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -77.47% | +26.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -12.45% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -29.08% | -28.90% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -37.18% | -43.17% | +5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -37.18% | -43.17% | +5.99% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -24.94% | +15.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.26% | -0.09% |
Volatility
SCMIX vs. SHGTX - Volatility Comparison
Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) and Columbia Seligman Global Technology Fund (SHGTX) have volatilities of 7.25% and 7.24%, 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
| SCMIX | SHGTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 7.24% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.07% | 20.14% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.09% | 26.07% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.21% | 27.43% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.14% | 26.79% | -0.65% |
SCMIX vs. SHGTX - Expense Ratio Comparison
SCMIX has a 0.89% expense ratio, which is lower than SHGTX's 1.29% expense ratio.
Dividends
SCMIX vs. SHGTX - Dividend Comparison
SCMIX's dividend yield for the trailing twelve months is around 4.99%, less than SHGTX's 5.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class | 4.99% | 7.93% | 12.11% | 4.52% | 8.08% | 10.45% | 9.38% | 10.47% | 11.30% | 10.48% | 7.88% | 10.40% |
SHGTX Columbia Seligman Global Technology Fund | 5.33% | 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
With a correlation of 1.00, SCMIX and SHGTX 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.
SCMIX has higher volatility (7.25%) compared to SHGTX (7.24%). In terms of maximum drawdown, SCMIX dropped -50.85% vs SHGTX's -77.47%.
SCMIX currently has the higher Sharpe Ratio (5.06 vs 4.85), 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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