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.
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
Key characteristics
SMGIX:
0.99
SPY:
2.21
SMGIX:
1.24
SPY:
2.93
SMGIX:
1.22
SPY:
1.41
SMGIX:
1.29
SPY:
3.26
SMGIX:
5.46
SPY:
14.40
SMGIX:
2.77%
SPY:
1.90%
SMGIX:
15.39%
SPY:
12.44%
SMGIX:
-50.62%
SPY:
-55.19%
SMGIX:
-10.22%
SPY:
-1.83%
Returns By Period
In the year-to-date period, SMGIX achieves a 14.60% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, SMGIX has underperformed SPY with an annualized return of 11.81%, while SPY has yielded a comparatively higher 13.04% annualized return.
SMGIX
14.60%
-7.85%
-1.29%
15.01%
13.46%
11.81%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMGIX Columbia Contrarian Core Fund | 0.00% | 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 | 1.19% | 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) has a higher volatility of 10.04% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that SMGIX'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.