SRHMX vs. BILPX
SRHMX (Columbia High Yield Municipal Fund) and BILPX (BlackRock Event Driven Equity Fund) are both mutual funds - SRHMX is a High Yield Muni fund managed by Columbia, while BILPX is a Event Driven fund managed by BlackRock. Over the past 10 years, SRHMX returned 2.51%/yr vs 5.19%/yr for BILPX. Their -0.07 correlation means they have often moved in opposite directions in the past. SRHMX charges 0.65%/yr vs 1.16%/yr for BILPX.
Performance
SRHMX vs. BILPX - Performance Comparison
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Returns By Period
In the year-to-date period, SRHMX achieves a 2.33% return, which is significantly lower than BILPX's 3.08% return. Over the past 10 years, SRHMX has underperformed BILPX with an annualized return of 2.51%, while BILPX has yielded a comparatively higher 5.19% annualized return.
SRHMX
- 1D
- -0.33%
- 1M
- -1.95%
- 6M
- 1.48%
- YTD
- 2.33%
- 1Y
- 8.00%
- 3Y*
- 5.80%
- 5Y*
- 0.26%
- 10Y*
- 2.51%
- ALL TIME*
- 4.30%
BILPX
- 1D
- 0.00%
- 1M
- -0.19%
- 6M
- 3.37%
- YTD
- 3.08%
- 1Y
- 5.34%
- 3Y*
- 6.65%
- 5Y*
- 4.43%
- 10Y*
- 5.19%
- ALL TIME*
- 5.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SRHMX vs. BILPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRHMX Columbia High Yield Municipal Fund | 2.33% | 4.36% | 7.72% | 6.63% | -17.44% | 6.57% | 3.75% | 9.05% | 2.43% | 7.05% |
BILPX BlackRock Event Driven Equity Fund | 3.08% | 8.43% | 4.37% | 5.38% | 0.01% | 1.95% | 6.30% | 7.29% | 5.47% | 7.15% |
Correlation
The correlation between SRHMX and BILPX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007 | -0.07 |
The correlation between SRHMX and BILPX shifts across timeframes, from -0.07 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SRHMX vs. BILPX — Risk / Return Rank
SRHMX
BILPX
SRHMX vs. BILPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia High Yield Municipal Fund (SRHMX) and BlackRock Event Driven Equity Fund (BILPX). 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.
| SRHMX | BILPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.34 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.38 | +0.06 |
| Martin ratioReturn relative to average drawdown | 13.99 | 12.91 | +1.08 |
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Drawdowns
SRHMX vs. BILPX - Drawdown Comparison
The maximum SRHMX drawdown since its inception was -26.04%, smaller than the maximum BILPX drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for SRHMX and BILPX.
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Drawdown Indicators
| SRHMX | BILPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.04% | -47.50% | +21.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -1.53% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -7.94% | -3.33% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.59% | -4.31% | -18.28% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -11.58% | -11.01% |
Current DrawdownCurrent decline from peak | -1.95% | -0.38% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -5.48% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.40% | +0.26% |
Volatility
SRHMX vs. BILPX - Volatility Comparison
Columbia High Yield Municipal Fund (SRHMX) has a higher volatility of 1.26% compared to BlackRock Event Driven Equity Fund (BILPX) at 1.02%. This indicates that SRHMX's price experiences larger fluctuations and is considered to be riskier than BILPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRHMX | BILPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.02% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.28% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 2.99% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 4.09% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 4.64% | +0.99% |
SRHMX vs. BILPX - Expense Ratio Comparison
SRHMX has a 0.65% expense ratio, which is lower than BILPX's 1.16% expense ratio.
Dividends
SRHMX vs. BILPX - Dividend Comparison
SRHMX's dividend yield for the trailing twelve months is around 4.32%, more than BILPX's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | 3.29% | 4.19% | 4.16% | 1.99% | 2.58% | 2.66% | 2.97% | 3.41% | 1.97% | 5.12% | 1.11% | 74.64% |
SRHMX Columbia High Yield Municipal Fund | 4.32% | 5.65% | 4.79% | 4.30% | 4.46% | 3.40% | 3.83% | 4.55% | 5.10% | 4.30% | 4.56% | 4.55% |
Frequently Asked Questions
SRHMX and BILPX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRHMX has higher volatility (1.26%) compared to BILPX (1.02%). In terms of maximum drawdown, SRHMX dropped -26.04% vs BILPX's -47.50%.
SRHMX currently has the higher Sharpe Ratio (2.67 vs 1.73), 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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