- Issuer
- ALPS
- Inception Date
- Sep 14, 2020
- Category
- Diversified Portfolio
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ALIBX Performance Chart
ALPS/Smith Balanced Opportunity Fund (ALIBX) is up 8.5% since the beginning of the year. ALIBX is currently trading at $14 per share. Investors who bought $1,000 worth of ALIBX shares 5 years ago would now be looking at an investment worth $1,441.
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Returns By Period
ALPS/Smith Balanced Opportunity Fund (ALIBX) has returned 8.47% so far this year and 21.36% over the past 12 months.
ALPS/Smith Balanced Opportunity Fund
- 1D
- 0.96%
- 1M
- 2.09%
- YTD
- 8.47%
- 6M
- 8.72%
- 1Y
- 21.36%
- 3Y*
- 14.92%
- 5Y*
- 7.58%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
ALIBX Monthly Returns History
Based on dividend-adjusted daily data since Oct 6, 2020, ALIBX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 67% of months were positive and 33% were negative. The best month was Jul 2022 with a return of +7.3%, while the worst month was Jun 2022 at -7.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ALIBX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +5.0%, while the worst single day was Apr 4, 2025 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.17% | 1.20% | -4.79% | 6.00% | 2.48% | 0.44% | 8.47% | ||||||
| 2025 | 3.19% | -1.27% | -3.66% | -1.03% | 3.10% | 3.27% | 1.93% | 0.70% | 2.70% | 2.30% | 1.13% | 0.09% | 12.89% |
| 2024 | 1.14% | 3.27% | 2.53% | -3.41% | 3.36% | 2.05% | 1.91% | 2.01% | 1.70% | -1.17% | 4.26% | -3.35% | 14.89% |
| 2023 | 5.48% | -2.28% | 2.27% | 0.68% | 0.04% | 3.45% | 2.09% | -1.58% | -3.61% | -2.04% | 6.72% | 4.32% | 16.01% |
| 2022 | -4.49% | -1.10% | 1.20% | -4.30% | -2.88% | -7.16% | 7.25% | -3.12% | -6.40% | 3.65% | 5.05% | -4.13% | -16.24% |
| 2021 | -0.63% | 3.59% | 2.47% | 3.54% | 0.25% | 0.42% | 1.69% | 1.02% | -3.17% | 3.66% | -1.15% | 3.07% | 15.50% |
Benchmark Metrics
ALPS/Smith Balanced Opportunity Fund has an annualized alpha of 0.16%, beta of 0.63, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since October 07, 2020.
- This fund participated in 76.39% of S&P 500 Index downside but only 63.94% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.63 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.16%
- Beta
- 0.63
- R²
- 0.90
- Upside Capture
- 63.94%
- Downside Capture
- 76.39%
Expense Ratio
ALIBX has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALIBX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ALPS/Smith Balanced Opportunity Fund (ALIBX) and compare them to S&P 500 Index.
| ALIBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.69 | +0.36 |
| Martin ratioReturn relative to average drawdown | 13.90 | 12.34 | +1.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ALPS/Smith Balanced Opportunity Fund provided a 8.39% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.15 | $1.30 | $0.16 | $0.11 | $0.07 | $0.01 |
Dividend yield | 8.39% | 9.14% | 10.61% | 1.37% | 1.08% | 0.56% | 0.12% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS/Smith Balanced Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.01 | $0.02 | $0.00 | $0.01 | $0.02 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 | $0.01 | $0.03 | $0.02 | $0.01 | $0.02 | $0.98 | $1.15 |
| 2024 | $0.01 | $0.02 | $0.00 | $0.01 | $0.03 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $1.14 | $1.30 |
| 2023 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.16 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.01 | $0.02 | $0.01 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.03 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ALPS/Smith Balanced Opportunity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ALPS/Smith Balanced Opportunity Fund was 20.38%, occurring on Oct 14, 2022. Recovery took 331 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -20.38%Oct 2022 | 9mo 18d | 1y 3mo | 2y 1moDec 2021 - Feb 2024 |
2025 selloff2025 | -12.65%Apr 2025 | 4mo 4d | 3mo 15d | 7mo 19dDec 2024 - Jul 2025 |
2026 pullback2026 | -7.13%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2024 pullback2024 | -4.49%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2024 pullback2024 | -3.67%Apr 2024 | 18d | 26d | 1mo 14dApr 2024 - May 2024 |
Drawdown Indicators
| ALIBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.38% | -56.78% | +36.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -9.10% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -18.90% | +6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.38% | -25.43% | +5.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -10.72% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.97% | -0.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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