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ALPS/Smith Total Return Bond Fund (SMTRX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund pursues its investment objective by primarily investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, commercial and residential mortgage-backed securities, and zero-coupon bonds. It may also invest in asset-backed securities, money market instruments, commercial loans, and foreign debt securities (including investments in emerging markets).

Looking to diversify beyond SMTRX? The mutual funds below have the lowest correlation with SMTRX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SMTRX.

Best Diversifiers for SMTRX

0 mutual funds have low correlation with SMTRX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Mortgage Securities Fund (PGSIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.80, roughly unchanged from 0.78 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PGSIX
Putnam Mortgage Securities Fund0.800.840.78
51
Intermediate Core-Plus BondSMTRX vs PGSIX
MDVAX
MassMutual Diversified Bond Fund0.860.910.91
83
Intermediate Core-Plus BondSMTRX vs MDVAX

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Diversification Analysis

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