SRINX vs. SMGIX
SRINX (Columbia Corporate Income Fund) and SMGIX (Columbia Contrarian Core Fund) are both mutual funds - SRINX is a Corporate Bonds fund managed by Columbia, while SMGIX is a Large Cap Blend Equities fund managed by Columbia. Over the past 10 years, SRINX returned 3.01%/yr vs 14.79%/yr for SMGIX. At a correlation of -0.01, they often move in opposite directions. SRINX charges 0.62%/yr vs 0.75%/yr for SMGIX.
Performance
SRINX vs. SMGIX - Performance Comparison
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Returns By Period
In the year-to-date period, SRINX achieves a 0.73% return, which is significantly lower than SMGIX's 9.02% return. Over the past 10 years, SRINX has underperformed SMGIX with an annualized return of 3.01%, while SMGIX has yielded a comparatively higher 14.79% annualized return.
SRINX
- 1D
- 0.22%
- 1M
- 0.95%
- YTD
- 0.73%
- 6M
- 1.23%
- 1Y
- 5.28%
- 3Y*
- 5.15%
- 5Y*
- 0.42%
- 10Y*
- 3.01%
SMGIX
- 1D
- 1.27%
- 1M
- 1.47%
- YTD
- 9.02%
- 6M
- 8.71%
- 1Y
- 25.38%
- 3Y*
- 20.39%
- 5Y*
- 13.32%
- 10Y*
- 14.79%
SRINX vs. SMGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRINX Columbia Corporate Income Fund | 0.73% | 7.34% | 2.05% | 9.17% | -15.52% | -0.69% | 11.38% | 15.28% | -3.50% | 5.95% |
SMGIX Columbia Contrarian Core Fund | 9.02% | 17.35% | 23.33% | 32.12% | -18.64% | 24.18% | 22.21% | 32.95% | -8.95% | 20.57% |
Correlation
The correlation between SRINX and SMGIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993 | -0.01 |
The correlation between SRINX and SMGIX shifts across timeframes, from -0.01 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SRINX vs. SMGIX — Risk / Return Rank
SRINX
SMGIX
SRINX vs. SMGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Corporate Income Fund (SRINX) and Columbia Contrarian Core Fund (SMGIX). 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.
| SRINX | SMGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.51 | -0.74 |
| Martin ratioReturn relative to average drawdown | 6.09 | 10.06 | -3.97 |
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Drawdowns
SRINX vs. SMGIX - Drawdown Comparison
The maximum SRINX drawdown since its inception was -21.63%, smaller than the maximum SMGIX drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for SRINX and SMGIX.
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Drawdown Indicators
| SRINX | SMGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -50.62% | +28.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -9.99% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -6.02% | -19.92% | +13.90% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -32.20% | +10.57% |
Max Drawdown (10Y)Largest decline over 10 years | -21.63% | -32.45% | +10.82% |
Current DrawdownCurrent decline from peak | -0.66% | -1.31% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -6.73% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.49% | -1.62% |
Volatility
SRINX vs. SMGIX - Volatility Comparison
The current volatility for Columbia Corporate Income Fund (SRINX) is 1.26%, while Columbia Contrarian Core Fund (SMGIX) has a volatility of 5.37%. This indicates that SRINX experiences smaller price fluctuations and is considered to be less risky than SMGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRINX | SMGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 5.37% | -4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 10.20% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 12.94% | -8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | 19.09% | -12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 19.03% | -13.21% |
SRINX vs. SMGIX - Expense Ratio Comparison
SRINX has a 0.62% expense ratio, which is lower than SMGIX's 0.75% expense ratio.
Dividends
SRINX vs. SMGIX - Dividend Comparison
SRINX's dividend yield for the trailing twelve months is around 4.63%, less than SMGIX's 6.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMGIX Columbia Contrarian Core Fund | 6.78% | 7.39% | 9.69% | 3.08% | 10.61% | 13.70% | 7.69% | 5.87% | 10.17% | 4.89% | 0.76% | 5.86% |
SRINX Columbia Corporate Income Fund | 4.63% | 4.53% | 3.70% | 3.63% | 3.10% | 4.32% | 6.71% | 3.10% | 3.23% | 2.69% | 3.02% | 3.38% |
Frequently Asked Questions
SRINX and SMGIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMGIX has higher volatility (5.37%) compared to SRINX (1.26%). In terms of maximum drawdown, SRINX dropped -21.63% vs SMGIX's -50.62%.
SMGIX currently has the higher Sharpe Ratio (1.94 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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