Correlation
The correlation between SCMIX and SPY is 0.85, 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.
SCMIX vs. SPY
Compare and contrast key facts about Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) and SPDR S&P 500 ETF (SPY).
SCMIX is an actively managed fund by Columbia. It was launched on Nov 30, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCMIX or SPY.
Performance
SCMIX vs. SPY - Performance Comparison
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Key characteristics
SCMIX:
0.22
SPY:
0.70
SCMIX:
0.42
SPY:
1.02
SCMIX:
1.06
SPY:
1.15
SCMIX:
0.16
SPY:
0.68
SCMIX:
0.48
SPY:
2.57
SCMIX:
9.57%
SPY:
4.93%
SCMIX:
29.09%
SPY:
20.42%
SCMIX:
-50.85%
SPY:
-55.19%
SCMIX:
-11.77%
SPY:
-3.55%
Returns By Period
In the year-to-date period, SCMIX achieves a -6.03% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, SCMIX has outperformed SPY with an annualized return of 17.90%, while SPY has yielded a comparatively lower 12.73% annualized return.
SCMIX
-6.03%
8.10%
-5.97%
6.53%
13.69%
19.46%
17.90%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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SCMIX vs. SPY - Expense Ratio Comparison
SCMIX has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SCMIX vs. SPY — Risk-Adjusted Performance Rank
SCMIX
SPY
SCMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
SCMIX vs. SPY - Dividend Comparison
SCMIX's dividend yield for the trailing twelve months is around 12.89%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class | 12.89% | 12.11% | 4.52% | 8.08% | 10.45% | 9.38% | 10.47% | 11.30% | 10.48% | 7.88% | 10.40% | 12.40% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SCMIX vs. SPY - Drawdown Comparison
The maximum SCMIX drawdown since its inception was -50.85%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SCMIX and SPY.
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Volatility
SCMIX vs. SPY - Volatility Comparison
Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) has a higher volatility of 6.47% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that SCMIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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