SMGIX vs. SPY
Compare and contrast key facts about Columbia Contrarian Core Fund (SMGIX) and SPDR S&P 500 ETF (SPY).
SMGIX is managed by Columbia Threadneedle. It was launched on Dec 14, 1992. 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: SMGIX or SPY.
Key characteristics
| SMGIX | SPY | |
|---|---|---|
| YTD Return | 24.85% | 27.16% |
| 1Y Return | 35.21% | 37.73% |
| 3Y Return (Ann) | 10.60% | 10.28% |
| 5Y Return (Ann) | 16.44% | 15.97% |
| 10Y Return (Ann) | 13.04% | 13.38% |
| Sharpe Ratio | 3.02 | 3.25 |
| Sortino Ratio | 4.01 | 4.32 |
| Omega Ratio | 1.57 | 1.61 |
| Calmar Ratio | 4.22 | 4.74 |
| Martin Ratio | 19.17 | 21.51 |
| Ulcer Index | 1.95% | 1.85% |
| Daily Std Dev | 12.29% | 12.20% |
| Max Drawdown | -50.62% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SMGIX and SPY is 0.94, 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.
Performance
SMGIX vs. SPY - Performance Comparison
In the year-to-date period, SMGIX achieves a 24.85% return, which is significantly lower than SPY's 27.16% return. Both investments have delivered pretty close results over the past 10 years, with SMGIX having a 13.04% annualized return and SPY not far ahead at 13.38%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMGIX vs. SPY - Expense Ratio Comparison
SMGIX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SMGIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Contrarian Core Fund (SMGIX) 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.
Dividends
SMGIX vs. SPY - Dividend Comparison
SMGIX's dividend yield for the trailing twelve months is around 0.47%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMGIX Columbia Contrarian Core Fund | 0.47% | 0.58% | 0.57% | 0.49% | 0.78% | 1.08% | 1.35% | 0.95% | 0.91% | 2.86% | 0.74% | 0.75% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SMGIX vs. SPY - Drawdown Comparison
The maximum SMGIX drawdown since its inception was -50.62%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SMGIX and SPY. For additional features, visit the drawdowns tool.
Volatility
SMGIX vs. SPY - Volatility Comparison
Columbia Contrarian Core Fund (SMGIX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.95% and 3.92%, 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.