Asset Comparison and Correlation

Assuming 30 trading days horizon, Absolute Strategies R is expected to under-perform the Columbia. But the fund apears to be less risky and, when comparing its historical volatility, Absolute Strategies R is 1.43 times less risky than Columbia. The fund trades about -0.21 of its potential returns per unit of risk. The Columbia Absolute Ret MultiStrat C is currently generating about 0.3 of returns per unit of risk over similar time horizon. If you would invest  1,003  in Columbia Absolute Ret MultiStrat C on April 22, 2013 and sell it today you would earn a total of  11.00  from holding Columbia Absolute Ret MultiStrat C or generate 1.1% return on investment over 30 days.