TOWTX vs. CCOYX

Last updated Aug 1, 2026

TOWTX (Towpath Technology Fund) and CCOYX (Columbia Seligman Technology and Information Fund Institutional 3 Class) are both Technology Equities funds. Over the past 5 years, TOWTX returned 8.58%/yr vs 23.81%/yr for CCOYX. Their correlation of 0.83 means they have usually moved in the same direction. TOWTX charges 1.10%/yr vs 0.82%/yr for CCOYX.

Performance

TOWTX vs. CCOYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Towpath Technology Fund (TOWTX) and Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOWTX achieves a 8.11% return, which is significantly lower than CCOYX's 45.90% return.

TOWTX

• 1D: -0.67%
• 1M: 0.31%
• 6M: 8.25%
• YTD: 8.11%
• 1Y: 19.11%
• 3Y*: 11.65%
• 5Y*: 8.58%
• 10Y*: —
• ALL TIME*: 10.20%

CCOYX

• 1D: 4.87%
• 1M: -3.54%
• 6M: 33.01%
• YTD: 45.90%
• 1Y: 85.19%
• 3Y*: 39.60%
• 5Y*: 23.81%
• 10Y*: —
• ALL TIME*: 25.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CCOYX Columbia Seligman Technology and Information Fund Institutional 3 Class	$0.00	$0.00	$0.00
TOWTX Towpath Technology Fund	$0.00	$0.00	$0.00

TOWTX vs. CCOYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TOWTX Towpath Technology Fund	8.11%	9.55%	12.82%	29.78%	-15.96%	17.73%
CCOYX Columbia Seligman Technology and Information Fund Institutional 3 Class	45.90%	37.79%	27.11%	44.77%	-30.92%	38.62%

Correlation

The correlation between TOWTX and CCOYX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Jan 7, 2021	0.84

The correlation between TOWTX and CCOYX shifts across timeframes, from 0.65 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TOWTX vs. CCOYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TOWTX

TOWTX Risk / Return Rank: 32
TOWTX Sharpe Ratio Rank: 34
TOWTX Sortino Ratio Rank: 32
TOWTX Omega Ratio Rank: 31
TOWTX Calmar Ratio Rank: 33
TOWTX Martin Ratio Rank: 30

CCOYX

CCOYX Risk / Return Rank: 93
CCOYX Sharpe Ratio Rank: 97
CCOYX Sortino Ratio Rank: 87
CCOYX Omega Ratio Rank: 86
CCOYX Calmar Ratio Rank: 98
CCOYX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TOWTX vs. CCOYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Towpath Technology Fund (TOWTX) and Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX). 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.

	TOWTX	CCOYX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	2.76	-1.66
Sortino ratio: Return per unit of downside risk	1.56	3.21	-1.65
Omega ratio: Gain probability vs. loss probability	1.19	1.42	-0.24
Calmar ratio: Return relative to maximum drawdown	1.48	6.39	-4.91
Martin ratio: Return relative to average drawdown	4.41	21.04	-16.63

TOWTX vs. CCOYX - Sharpe Ratio Comparison

The current TOWTX Sharpe Ratio is 1.10, which is lower than the CCOYX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of TOWTX and CCOYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TOWTX vs. CCOYX - Drawdown Comparison

The maximum TOWTX drawdown since its inception was -88.96%, which is greater than CCOYX's maximum drawdown of -37.16%. Use the drawdown chart below to compare losses from any high point for TOWTX and CCOYX.

Drawdown Indicators

	TOWTX	CCOYX	Difference
Max Drawdown Largest peak-to-trough decline	-88.96%	-37.16%	-51.80%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-12.76%	+1.14%
Max Drawdown (3Y) Largest decline over 3 years	-88.96%	-29.08%	-59.88%
Max Drawdown (5Y) Largest decline over 5 years	-88.96%	-37.16%	-51.80%
Current Drawdown Current decline from peak	-84.82%	-8.51%	-76.31%
Average Drawdown Average peak-to-trough decline	-26.89%	-7.64%	-19.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	3.85%	+0.05%

Volatility

TOWTX vs. CCOYX - Volatility Comparison

The current volatility for Towpath Technology Fund (TOWTX) is 4.12%, while Columbia Seligman Technology and Information Fund Institutional 3 Class (CCOYX) has a volatility of 10.03%. This indicates that TOWTX experiences smaller price fluctuations and is considered to be less risky than CCOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOWTX	CCOYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	10.03%	-5.91%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	23.32%	-10.97%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	29.59%	-13.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.58%	26.92%	+119.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.02%	26.97%	+112.05%

TOWTX vs. CCOYX - Expense Ratio Comparison

TOWTX has a 1.10% expense ratio, which is higher than CCOYX's 0.82% expense ratio.

Dividends

TOWTX vs. CCOYX - Dividend Comparison

TOWTX's dividend yield for the trailing twelve months is around 1.58%, less than CCOYX's 5.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCOYX Columbia Seligman Technology and Information Fund Institutional 3 Class	5.54%	8.08%	12.32%	4.60%	8.17%	10.62%	9.52%	10.61%	11.42%	10.60%
TOWTX Towpath Technology Fund	1.58%	1.70%	3.55%	0.42%	0.57%	0.66%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOWTX and CCOYX in my portfolio?

TOWTX and CCOYX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOWTX or CCOYX?

CCOYX has higher volatility (10.03%) compared to TOWTX (4.12%). In terms of maximum drawdown, TOWTX dropped -88.96% vs CCOYX's -37.16%.

Which has better risk-adjusted returns?

CCOYX currently has the higher Sharpe Ratio (2.76 vs 1.10), 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.