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SMGIX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SMGIX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Contrarian Core Fund (SMGIX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
10.72%
13.58%
SMGIX
SPY

Returns By Period

In the year-to-date period, SMGIX achieves a 23.89% return, which is significantly lower than SPY's 26.08% return. Both investments have delivered pretty close results over the past 10 years, with SMGIX having a 12.78% annualized return and SPY not far ahead at 13.10%.


SMGIX

YTD

23.89%

1M

1.12%

6M

10.72%

1Y

30.00%

5Y (annualized)

16.17%

10Y (annualized)

12.78%

SPY

YTD

26.08%

1M

1.77%

6M

13.59%

1Y

32.24%

5Y (annualized)

15.62%

10Y (annualized)

13.10%

Key characteristics


SMGIXSPY
Sharpe Ratio2.502.70
Sortino Ratio3.333.60
Omega Ratio1.471.50
Calmar Ratio3.463.90
Martin Ratio15.6517.52
Ulcer Index1.96%1.87%
Daily Std Dev12.25%12.14%
Max Drawdown-50.62%-55.19%
Current Drawdown-0.76%-0.85%

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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.


SMGIX
Columbia Contrarian Core Fund
Expense ratio chart for SMGIX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Correlation

-0.50.00.51.00.9

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.

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.


Sharpe ratio
The chart of Sharpe ratio for SMGIX, currently valued at 2.50, compared to the broader market-1.000.001.002.003.004.005.002.502.70
The chart of Sortino ratio for SMGIX, currently valued at 3.33, compared to the broader market0.005.0010.003.333.60
The chart of Omega ratio for SMGIX, currently valued at 1.47, compared to the broader market1.002.003.004.001.471.50
The chart of Calmar ratio for SMGIX, currently valued at 3.46, compared to the broader market0.005.0010.0015.0020.0025.003.463.90
The chart of Martin ratio for SMGIX, currently valued at 15.65, compared to the broader market0.0020.0040.0060.0080.00100.0015.6517.52
SMGIX
SPY

The current SMGIX Sharpe Ratio is 2.50, which is comparable to the SPY Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of SMGIX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.50
2.70
SMGIX
SPY

Dividends

SMGIX vs. SPY - Dividend Comparison

SMGIX's dividend yield for the trailing twelve months is around 0.47%, less than SPY's 1.18% yield.


TTM20232022202120202019201820172016201520142013
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
1.18%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.76%
-0.85%
SMGIX
SPY

Volatility

SMGIX vs. SPY - Volatility Comparison

Columbia Contrarian Core Fund (SMGIX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.06% and 3.98%, 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.06%
3.98%
SMGIX
SPY