SETMX vs. CTCAX
SETMX (Columbia Intermediate Municipal Bond Fund) and CTCAX (Columbia Global Technology Growth Fund Class A) are both mutual funds - SETMX is a Municipal Bonds fund managed by Columbia, while CTCAX is a Technology Equities fund managed by Columbia. Over the past 10 years, SETMX returned 2.03%/yr vs 24.78%/yr for CTCAX. At a correlation of -0.07, they often move in opposite directions. SETMX charges 0.40%/yr vs 1.18%/yr for CTCAX.
Performance
SETMX vs. CTCAX - Performance Comparison
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Returns By Period
In the year-to-date period, SETMX achieves a 1.53% return, which is significantly lower than CTCAX's 30.84% return. Over the past 10 years, SETMX has underperformed CTCAX with an annualized return of 2.03%, while CTCAX has yielded a comparatively higher 24.78% annualized return.
SETMX
- 1D
- 0.00%
- 1M
- 1.24%
- YTD
- 1.53%
- 6M
- 1.92%
- 1Y
- 5.91%
- 3Y*
- 4.20%
- 5Y*
- 1.33%
- 10Y*
- 2.03%
CTCAX
- 1D
- 3.52%
- 1M
- 7.73%
- YTD
- 30.84%
- 6M
- 30.74%
- 1Y
- 58.79%
- 3Y*
- 34.19%
- 5Y*
- 19.84%
- 10Y*
- 24.78%
SETMX vs. CTCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SETMX Columbia Intermediate Municipal Bond Fund | 1.53% | 5.29% | 2.50% | 4.90% | -7.36% | 1.54% | 4.05% | 6.97% | 0.39% | 4.40% |
CTCAX Columbia Global Technology Growth Fund Class A | 30.84% | 24.78% | 31.39% | 56.46% | -34.81% | 22.73% | 49.46% | 43.91% | -1.48% | 42.99% |
Correlation
The correlation between SETMX and CTCAX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2002 | -0.07 |
The correlation between SETMX and CTCAX shifts across timeframes, from -0.07 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SETMX vs. CTCAX — Risk / Return Rank
SETMX
CTCAX
SETMX vs. CTCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Intermediate Municipal Bond Fund (SETMX) and Columbia Global Technology Growth Fund Class A (CTCAX). 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.
| SETMX | CTCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.41 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 4.01 | -1.52 |
| Martin ratioReturn relative to average drawdown | 8.74 | 14.29 | -5.54 |
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Drawdowns
SETMX vs. CTCAX - Drawdown Comparison
The maximum SETMX drawdown since its inception was -11.15%, smaller than the maximum CTCAX drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for SETMX and CTCAX.
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Drawdown Indicators
| SETMX | CTCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.15% | -61.04% | +49.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -14.43% | +12.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -26.67% | +23.27% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -39.55% | +28.40% |
Max Drawdown (10Y)Largest decline over 10 years | -11.15% | -39.55% | +28.40% |
Current DrawdownCurrent decline from peak | -0.38% | -0.92% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -10.67% | +9.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 4.05% | -3.37% |
Volatility
SETMX vs. CTCAX - Volatility Comparison
The current volatility for Columbia Intermediate Municipal Bond Fund (SETMX) is 0.56%, while Columbia Global Technology Growth Fund Class A (CTCAX) has a volatility of 11.73%. This indicates that SETMX experiences smaller price fluctuations and is considered to be less risky than CTCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SETMX | CTCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 11.73% | -11.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 19.53% | -17.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.10% | 23.42% | -21.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 26.37% | -23.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.21% | 25.05% | -21.84% |
SETMX vs. CTCAX - Expense Ratio Comparison
SETMX has a 0.40% expense ratio, which is lower than CTCAX's 1.18% expense ratio.
Dividends
SETMX vs. CTCAX - Dividend Comparison
SETMX's dividend yield for the trailing twelve months is around 3.38%, more than CTCAX's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTCAX Columbia Global Technology Growth Fund Class A | 2.51% | 3.29% | 1.08% | 2.36% | 3.53% | 4.15% | 0.91% | 2.55% | 5.82% | 3.52% | 0.36% | 1.80% |
SETMX Columbia Intermediate Municipal Bond Fund | 3.38% | 4.47% | 3.42% | 3.05% | 2.98% | 3.07% | 3.28% | 3.74% | 3.00% | 3.16% | 3.25% | 3.37% |
Frequently Asked Questions
SETMX and CTCAX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTCAX has higher volatility (11.73%) compared to SETMX (0.56%). In terms of maximum drawdown, SETMX dropped -11.15% vs CTCAX's -61.04%.
SETMX currently has the higher Sharpe Ratio (2.83 vs 2.47), 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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