UMLGX vs. CPEAX

Last updated Jul 3, 2026

UMLGX (Columbia Select Large Cap Growth Fund) and CPEAX (Catalyst Dynamic Alpha Fund) are both Large Cap Growth Equities funds. Over the past 10 years, UMLGX returned 13.09%/yr vs 13.12%/yr for CPEAX. Their correlation of 0.81 suggests significant overlap in exposure. UMLGX charges 0.80%/yr vs 1.38%/yr for CPEAX.

Performance

UMLGX vs. CPEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Large Cap Growth Fund (UMLGX) and Catalyst Dynamic Alpha Fund (CPEAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UMLGX achieves a 9.21% return, which is significantly lower than CPEAX's 26.56% return. Both investments have delivered pretty close results over the past 10 years, with UMLGX having a 13.09% annualized return and CPEAX not far ahead at 13.12%.

UMLGX

• 1D: -0.64%
• 1M: -2.65%
• 6M: 9.21%
• YTD: 9.21%
• 1Y: 12.75%
• 3Y*: 15.44%
• 5Y*: 5.12%
• 10Y*: 13.09%

CPEAX

• 1D: -3.55%
• 1M: 0.51%
• 6M: 26.56%
• YTD: 26.56%
• 1Y: 35.66%
• 3Y*: 20.36%
• 5Y*: 13.43%
• 10Y*: 13.12%

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

UMLGX vs. CPEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UMLGX Columbia Select Large Cap Growth Fund	9.21%	10.64%	15.91%	39.46%	-32.52%	9.30%	47.97%	38.23%	-12.56%	35.45%
CPEAX Catalyst Dynamic Alpha Fund	26.56%	9.98%	22.02%	13.44%	-14.87%	19.59%	21.00%	11.14%	-4.35%	26.91%

Correlation

The correlation between UMLGX and CPEAX is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011	0.81

The correlation between UMLGX and CPEAX has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

UMLGX vs. CPEAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UMLGX

UMLGX Risk / Return Rank: 13
UMLGX Sharpe Ratio Rank: 13
UMLGX Sortino Ratio Rank: 13
UMLGX Omega Ratio Rank: 14
UMLGX Calmar Ratio Rank: 11
UMLGX Martin Ratio Rank: 12

CPEAX

CPEAX Risk / Return Rank: 54
CPEAX Sharpe Ratio Rank: 43
CPEAX Sortino Ratio Rank: 40
CPEAX Omega Ratio Rank: 42
CPEAX Calmar Ratio Rank: 78
CPEAX Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UMLGX vs. CPEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Large Cap Growth Fund (UMLGX) and Catalyst Dynamic Alpha Fund (CPEAX). 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.

	UMLGX	CPEAX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.53	-0.76
Sortino ratio: Return per unit of downside risk	1.14	2.10	-0.97
Omega ratio: Gain probability vs. loss probability	1.14	1.28	-0.13
Calmar ratio: Return relative to maximum drawdown	0.80	2.93	-2.13
Martin ratio: Return relative to average drawdown	2.36	10.63	-8.26

UMLGX vs. CPEAX - Sharpe Ratio Comparison

The current UMLGX Sharpe Ratio is 0.77, which is lower than the CPEAX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of UMLGX and CPEAX, 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

UMLGX vs. CPEAX - Drawdown Comparison

The maximum UMLGX drawdown since its inception was -73.05%, which is greater than CPEAX's maximum drawdown of -34.39%. Use the drawdown chart below to compare losses from any high point for UMLGX and CPEAX.

Drawdown Indicators

	UMLGX	CPEAX	Difference
Max Drawdown Largest peak-to-trough decline	-73.05%	-34.39%	-38.66%
Max Drawdown (1Y) Largest decline over 1 year	-16.42%	-12.61%	-3.81%
Max Drawdown (3Y) Largest decline over 3 years	-23.90%	-26.28%	+2.38%
Max Drawdown (5Y) Largest decline over 5 years	-43.79%	-26.28%	-17.51%
Max Drawdown (10Y) Largest decline over 10 years	-43.79%	-34.39%	-9.40%
Current Drawdown Current decline from peak	-3.02%	-3.55%	+0.53%
Average Drawdown Average peak-to-trough decline	-26.59%	-5.28%	-21.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	3.47%	+2.06%

Volatility

UMLGX vs. CPEAX - Volatility Comparison

The current volatility for Columbia Select Large Cap Growth Fund (UMLGX) is 7.45%, while Catalyst Dynamic Alpha Fund (CPEAX) has a volatility of 11.41%. This indicates that UMLGX experiences smaller price fluctuations and is considered to be less risky than CPEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UMLGX	CPEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	11.41%	-3.96%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	20.72%	-6.66%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	24.17%	-7.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.85%	20.76%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.56%	20.87%	+2.69%

UMLGX vs. CPEAX - Expense Ratio Comparison

UMLGX has a 0.80% expense ratio, which is lower than CPEAX's 1.38% expense ratio.

Dividends

UMLGX vs. CPEAX - Dividend Comparison

UMLGX's dividend yield for the trailing twelve months is around 11.92%, less than CPEAX's 12.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPEAX Catalyst Dynamic Alpha Fund	12.44%	15.75%	9.57%	0.00%	1.21%	30.88%	0.00%	0.12%	19.37%	2.32%	0.00%	1.36%
UMLGX Columbia Select Large Cap Growth Fund	11.92%	35.72%	18.08%	11.04%	14.23%	35.11%	24.47%	33.49%	13.61%	11.08%	13.27%	14.17%

Frequently Asked Questions

Can I hold both UMLGX and CPEAX in my portfolio?

UMLGX and CPEAX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UMLGX or CPEAX?

CPEAX has higher volatility (11.41%) compared to UMLGX (7.45%). In terms of maximum drawdown, UMLGX dropped -73.05% vs CPEAX's -34.39%.

Which has better risk-adjusted returns?

CPEAX currently has the higher Sharpe Ratio (1.53 vs 0.77), 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.