SLVIX vs. FGIPX

Last updated Jun 4, 2026

SLVIX (Columbia Select Large Cap Value Fund Institutional Class 2) and FGIPX (Nomura Growth and Income Fund Institutional Class) are both Large Cap Value Equities funds. Both are actively managed. Over the past 10 years, SLVIX returned 13.43%/yr vs 13.12%/yr for FGIPX. Their correlation of 0.92 suggests significant overlap in exposure. SLVIX charges 0.53%/yr vs 0.77%/yr for FGIPX.

Performance

SLVIX vs. FGIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Large Cap Value Fund Institutional Class 2 (SLVIX) and Nomura Growth and Income Fund Institutional Class (FGIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLVIX achieves a 13.57% return, which is significantly lower than FGIPX's 18.05% return. Both investments have delivered pretty close results over the past 10 years, with SLVIX having a 13.43% annualized return and FGIPX not far behind at 13.12%.

SLVIX

• 1D: 0.74%
• 1M: 5.27%
• YTD: 13.57%
• 6M: 17.08%
• 1Y: 37.33%
• 3Y*: 21.12%
• 5Y*: 11.81%
• 10Y*: 13.43%

FGIPX

• 1D: 0.92%
• 1M: 7.15%
• YTD: 18.05%
• 6M: 22.61%
• 1Y: 44.81%
• 3Y*: 26.79%
• 5Y*: 16.57%
• 10Y*: 13.12%

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

SLVIX vs. FGIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVIX Columbia Select Large Cap Value Fund Institutional Class 2	13.57%	28.02%	12.90%	5.90%	-0.78%	26.68%	6.49%	26.89%	-12.03%	19.05%
FGIPX Nomura Growth and Income Fund Institutional Class	18.05%	30.18%	15.44%	12.17%	3.28%	21.73%	-4.59%	25.96%	-9.95%	18.52%

Correlation

The correlation between SLVIX and FGIPX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 8, 2013	0.92

The correlation between SLVIX and FGIPX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Return for Risk

SLVIX vs. FGIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLVIX

SLVIX Risk / Return Rank: 89
SLVIX Sharpe Ratio Rank: 94
SLVIX Sortino Ratio Rank: 91
SLVIX Omega Ratio Rank: 84
SLVIX Calmar Ratio Rank: 87
SLVIX Martin Ratio Rank: 89

FGIPX

FGIPX Risk / Return Rank: 96
FGIPX Sharpe Ratio Rank: 98
FGIPX Sortino Ratio Rank: 97
FGIPX Omega Ratio Rank: 94
FGIPX Calmar Ratio Rank: 96
FGIPX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLVIX vs. FGIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Large Cap Value Fund Institutional Class 2 (SLVIX) and Nomura Growth and Income Fund Institutional Class (FGIPX). 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.

	SLVIX	FGIPX	Difference
Sharpe ratio: Return per unit of total volatility	3.26	4.03	-0.77
Sortino ratio: Return per unit of downside risk	4.52	5.56	-1.05
Omega ratio: Gain probability vs. loss probability	1.57	1.73	-0.15
Calmar ratio: Return relative to maximum drawdown	4.26	6.33	-2.07
Martin ratio: Return relative to average drawdown	17.52	24.22	-6.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLVIX vs. FGIPX - Sharpe Ratio Comparison

The current SLVIX Sharpe Ratio is 3.26, which is comparable to the FGIPX Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of SLVIX and FGIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SLVIX	FGIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	4.03	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	1.12	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.77	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.74	-0.29

Drawdowns

SLVIX vs. FGIPX - Drawdown Comparison

The maximum SLVIX drawdown since its inception was -59.63%, which is greater than FGIPX's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for SLVIX and FGIPX.

Drawdown Indicators

	SLVIX	FGIPX	Difference
Max Drawdown Largest peak-to-trough decline	-59.63%	-37.32%	-22.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-7.26%	-1.74%
Max Drawdown (3Y) Largest decline over 3 years	-14.71%	-13.27%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-18.35%	-16.19%	-2.16%
Max Drawdown (10Y) Largest decline over 10 years	-41.46%	-37.32%	-4.14%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.29%	-4.18%	-4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.89%	+0.29%

Volatility

SLVIX vs. FGIPX - Volatility Comparison

Columbia Select Large Cap Value Fund Institutional Class 2 (SLVIX) has a higher volatility of 3.25% compared to Nomura Growth and Income Fund Institutional Class (FGIPX) at 2.79%. This indicates that SLVIX's price experiences larger fluctuations and is considered to be riskier than FGIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVIX	FGIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	2.79%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	8.83%	8.23%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	11.40%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.90%	14.89%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.68%	17.12%	+1.56%

SLVIX vs. FGIPX - Expense Ratio Comparison

SLVIX has a 0.53% expense ratio, which is lower than FGIPX's 0.77% expense ratio.

Dividends

SLVIX vs. FGIPX - Dividend Comparison

SLVIX's dividend yield for the trailing twelve months is around 7.37%, less than FGIPX's 10.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGIPX Nomura Growth and Income Fund Institutional Class	10.00%	11.68%	12.69%	7.50%	7.35%	12.20%	2.13%	52.72%	25.63%	5.58%	4.22%	5.88%
SLVIX Columbia Select Large Cap Value Fund Institutional Class 2	7.37%	8.37%	3.62%	3.75%	1.62%	5.95%	7.47%	6.97%	5.02%	3.73%	6.95%	4.71%

Frequently Asked Questions

Can I hold both SLVIX and FGIPX in my portfolio?

SLVIX and FGIPX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLVIX or FGIPX?

SLVIX has higher volatility (3.25%) compared to FGIPX (2.79%). In terms of maximum drawdown, SLVIX dropped -59.63% vs FGIPX's -37.32%.

Which has better risk-adjusted returns?

FGIPX currently has the higher Sharpe Ratio (4.03 vs 3.26), 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.