SRBFX vs. GUGAX
SRBFX (Columbia Total Return Bond Fund) and GUGAX (GMO Multi-Sector Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, SRBFX returned 2.30%/yr vs 1.51%/yr for GUGAX. A 0.74 correlation means they provide meaningful diversification when combined. SRBFX charges 0.49%/yr vs 0.45%/yr for GUGAX.
Performance
SRBFX vs. GUGAX - Performance Comparison
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Returns By Period
In the year-to-date period, SRBFX achieves a 0.79% return, which is significantly lower than GUGAX's 0.96% return. Over the past 10 years, SRBFX has outperformed GUGAX with an annualized return of 2.30%, while GUGAX has yielded a comparatively lower 1.51% annualized return.
SRBFX
- 1D
- 0.26%
- 1M
- 1.28%
- YTD
- 0.79%
- 6M
- 1.28%
- 1Y
- 5.29%
- 3Y*
- 5.23%
- 5Y*
- -0.36%
- 10Y*
- 2.30%
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.96%
- 6M
- 1.07%
- 1Y
- 4.83%
- 3Y*
- 4.30%
- 5Y*
- -0.52%
- 10Y*
- 1.51%
SRBFX vs. GUGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRBFX Columbia Total Return Bond Fund | 0.79% | 8.91% | 1.49% | 7.35% | -17.65% | 0.23% | 12.20% | 9.44% | 0.38% | 3.84% |
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.13% | 4.44% |
Correlation
The correlation between SRBFX and GUGAX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.74 |
The correlation between SRBFX and GUGAX shifts across timeframes, from 0.66 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SRBFX vs. GUGAX — Risk / Return Rank
SRBFX
GUGAX
SRBFX vs. GUGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Total Return Bond Fund (SRBFX) and GMO Multi-Sector Fixed Income Fund (GUGAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SRBFX | GUGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.45 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 4.82 | -2.98 |
| Martin ratioReturn relative to average drawdown | 5.28 | 14.23 | -8.95 |
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Drawdowns
SRBFX vs. GUGAX - Drawdown Comparison
The maximum SRBFX drawdown since its inception was -24.34%, smaller than the maximum GUGAX drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for SRBFX and GUGAX.
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Drawdown Indicators
| SRBFX | GUGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.34% | -38.57% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -1.16% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -6.28% | -6.12% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.97% | -20.53% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -22.97% | -23.06% | +0.09% |
Current DrawdownCurrent decline from peak | -2.95% | -6.72% | +3.77% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -11.26% | +6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.39% | +0.70% |
Volatility
SRBFX vs. GUGAX - Volatility Comparison
Columbia Total Return Bond Fund (SRBFX) has a higher volatility of 1.24% compared to GMO Multi-Sector Fixed Income Fund (GUGAX) at 0.00%. This indicates that SRBFX's price experiences larger fluctuations and is considered to be riskier than GUGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRBFX | GUGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.00% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 1.30% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 2.80% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.64% | 6.57% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 5.42% | +0.03% |
SRBFX vs. GUGAX - Expense Ratio Comparison
SRBFX has a 0.49% expense ratio, which is higher than GUGAX's 0.45% expense ratio.
Dividends
SRBFX vs. GUGAX - Dividend Comparison
SRBFX's dividend yield for the trailing twelve months is around 4.85%, more than GUGAX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 4.52% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
SRBFX Columbia Total Return Bond Fund | 4.85% | 4.86% | 4.11% | 3.74% | 3.72% | 3.23% | 7.56% | 4.59% | 2.85% | 2.77% | 3.93% | 3.42% |
Frequently Asked Questions
SRBFX and GUGAX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRBFX has higher volatility (1.24%) compared to GUGAX (0.00%). In terms of maximum drawdown, SRBFX dropped -24.34% vs GUGAX's -38.57%.
GUGAX currently has the higher Sharpe Ratio (2.00 vs 1.32), 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.
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