SHGTX vs. CDAZX
Compare and contrast key facts about Columbia Seligman Global Technology Fund (SHGTX) and Multi-Manager Directional Alternative Strategies Fund (CDAZX).
SHGTX is managed by Columbia. It was launched on May 22, 1994. CDAZX is managed by Columbia. It was launched on Jan 2, 2017.
Performance
SHGTX vs. CDAZX - Performance Comparison
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Returns By Period
In the year-to-date period, SHGTX achieves a 6.99% return, which is significantly higher than CDAZX's -1.68% return.
SHGTX
- 1D
- 0.26%
- 1M
- -2.12%
- YTD
- 6.99%
- 6M
- 9.94%
- 1Y
- 88.68%
- 3Y*
- 31.49%
- 5Y*
- 16.93%
- 10Y*
- 23.00%
CDAZX
- 1D
- 0.29%
- 1M
- -0.85%
- YTD
- -1.68%
- 6M
- 5.20%
- 1Y
- 21.99%
- 3Y*
- 14.26%
- 5Y*
- 10.15%
- 10Y*
- —
SHGTX vs. CDAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHGTX Columbia Seligman Global Technology Fund | 6.99% | 35.09% | 26.04% | 45.28% | -31.70% | 38.60% | 45.56% | 54.92% | -8.70% | 30.80% |
CDAZX Multi-Manager Directional Alternative Strategies Fund | -1.68% | 19.20% | 19.75% | 3.90% | 1.31% | 20.14% | -6.39% | 8.17% | -12.03% | 10.32% |
Correlation
The correlation between SHGTX and CDAZX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
SHGTX vs. CDAZX - Expense Ratio Comparison
SHGTX has a 1.29% expense ratio, which is lower than CDAZX's 1.84% expense ratio.
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Return for Risk
SHGTX vs. CDAZX — Risk / Return Rank
SHGTX
CDAZX
SHGTX vs. CDAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Seligman Global Technology Fund (SHGTX) and Multi-Manager Directional Alternative Strategies Fund (CDAZX). 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.
| SHGTX | CDAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 2.01 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.60 | 2.90 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.27 | 2.66 | +1.61 |
Martin ratioReturn relative to average drawdown | 15.81 | 10.96 | +4.85 |
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
| SHGTX | CDAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.01 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 1.12 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.62 | -0.02 |
Drawdowns
SHGTX vs. CDAZX - Drawdown Comparison
The maximum SHGTX drawdown since its inception was -77.47%, which is greater than CDAZX's maximum drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for SHGTX and CDAZX.
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Drawdown Indicators
| SHGTX | CDAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.47% | -30.94% | -46.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -7.32% | -5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -43.17% | -10.91% | -32.26% |
Max Drawdown (10Y)Largest decline over 10 years | -43.17% | — | — |
Current DrawdownCurrent decline from peak | -5.59% | -5.01% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -25.06% | -6.22% | -18.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 1.78% | +2.25% |
Volatility
SHGTX vs. CDAZX - Volatility Comparison
Columbia Seligman Global Technology Fund (SHGTX) has a higher volatility of 10.69% compared to Multi-Manager Directional Alternative Strategies Fund (CDAZX) at 3.40%. This indicates that SHGTX's price experiences larger fluctuations and is considered to be riskier than CDAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHGTX | CDAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 3.40% | +7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 21.66% | 7.10% | +14.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.07% | 9.34% | +21.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.26% | 9.09% | +18.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 10.00% | +16.64% |
Dividends
SHGTX vs. CDAZX - Dividend Comparison
SHGTX's dividend yield for the trailing twelve months is around 7.90%, less than CDAZX's 23.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHGTX Columbia Seligman Global Technology Fund | 7.90% | 8.45% | 14.04% | 6.22% | 3.94% | 11.77% | 9.92% | 10.26% | 12.75% | 7.25% | 8.13% | 8.09% |
CDAZX Multi-Manager Directional Alternative Strategies Fund | 23.67% | 23.28% | 10.21% | 1.58% | 11.48% | 6.28% | 0.00% | 0.79% | 50.33% | 3.97% | 0.00% | 0.00% |