ALIBX vs. RLIIX

Last updated Jun 23, 2026

ALIBX (ALPS/Smith Balanced Opportunity Fund) and RLIIX (RiverFront Asset Allocation Growth & Income) are both Diversified Portfolio funds from ALPS. Over the past 5 years, ALIBX returned 7.89%/yr vs 6.30%/yr for RLIIX. Their correlation of 0.94 suggests significant overlap in exposure. ALIBX charges 1.12%/yr vs 0.25%/yr for RLIIX.

Performance

ALIBX vs. RLIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Balanced Opportunity Fund (ALIBX) and RiverFront Asset Allocation Growth & Income (RLIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALIBX achieves a 8.47% return, which is significantly higher than RLIIX's 7.49% return.

ALIBX

• 1D: 0.66%
• 1M: 1.63%
• YTD: 8.47%
• 6M: 8.35%
• 1Y: 21.86%
• 3Y*: 14.26%
• 5Y*: 7.89%
• 10Y*: —

RLIIX

• 1D: 0.44%
• 1M: 0.63%
• YTD: 7.49%
• 6M: 7.36%
• 1Y: 20.01%
• 3Y*: 11.89%
• 5Y*: 6.30%
• 10Y*: 7.17%

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

ALIBX vs. RLIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ALIBX ALPS/Smith Balanced Opportunity Fund	8.47%	12.89%	14.89%	16.01%	-16.24%	15.50%	8.25%
RLIIX RiverFront Asset Allocation Growth & Income	7.49%	13.74%	8.77%	13.37%	-14.99%	13.57%	7.41%

Correlation

The correlation between ALIBX and RLIIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020	0.94

The correlation between ALIBX and RLIIX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

ALIBX vs. RLIIX — Risk / Return Rank

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

ALIBX

ALIBX Risk / Return Rank: 74
ALIBX Sharpe Ratio Rank: 75
ALIBX Sortino Ratio Rank: 75
ALIBX Omega Ratio Rank: 70
ALIBX Calmar Ratio Rank: 69
ALIBX Martin Ratio Rank: 79

RLIIX

RLIIX Risk / Return Rank: 68
RLIIX Sharpe Ratio Rank: 67
RLIIX Sortino Ratio Rank: 65
RLIIX Omega Ratio Rank: 64
RLIIX Calmar Ratio Rank: 70
RLIIX Martin Ratio Rank: 75

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.

ALIBX vs. RLIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Balanced Opportunity Fund (ALIBX) and RiverFront Asset Allocation Growth & Income (RLIIX). 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.

	ALIBX	RLIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.20	+0.13
Sortino ratio: Return per unit of downside risk	3.30	3.07	+0.23
Omega ratio: Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	3.04	3.07	-0.04
Martin ratio: Return relative to average drawdown	13.71	13.25	+0.46

ALIBX vs. RLIIX - Sharpe Ratio Comparison

The current ALIBX Sharpe Ratio is 2.32, which is comparable to the RLIIX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of ALIBX and RLIIX, 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

ALIBX vs. RLIIX - Drawdown Comparison

The maximum ALIBX drawdown since its inception was -20.38%, smaller than the maximum RLIIX drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for ALIBX and RLIIX.

Drawdown Indicators

	ALIBX	RLIIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.38%	-27.35%	+6.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-6.43%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-12.90%	+0.25%
Max Drawdown (5Y) Largest decline over 5 years	-20.38%	-21.19%	+0.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.35%	—
Current Drawdown Current decline from peak	-0.37%	-0.69%	+0.32%
Average Drawdown Average peak-to-trough decline	-4.72%	-4.59%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.49%	+0.08%

Volatility

ALIBX vs. RLIIX - Volatility Comparison

ALPS/Smith Balanced Opportunity Fund (ALIBX) and RiverFront Asset Allocation Growth & Income (RLIIX) have volatilities of 3.53% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALIBX	RLIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.41%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	7.25%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	9.32%	9.00%	+0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.24%	10.85%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.04%	12.04%	-1.00%

ALIBX vs. RLIIX - Expense Ratio Comparison

ALIBX has a 1.12% expense ratio, which is higher than RLIIX's 0.25% expense ratio.

Dividends

ALIBX vs. RLIIX - Dividend Comparison

ALIBX's dividend yield for the trailing twelve months is around 8.39%, more than RLIIX's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALIBX ALPS/Smith Balanced Opportunity Fund	8.39%	9.14%	10.61%	1.37%	1.08%	0.56%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%
RLIIX RiverFront Asset Allocation Growth & Income	5.79%	6.23%	1.29%	2.29%	6.66%	1.40%	1.42%	2.07%	18.88%	1.37%	1.66%	3.72%

Frequently Asked Questions

Can I hold both ALIBX and RLIIX in my portfolio?

With a correlation of 0.93, ALIBX and RLIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ALIBX or RLIIX?

ALIBX has higher volatility (3.53%) compared to RLIIX (3.41%). In terms of maximum drawdown, ALIBX dropped -20.38% vs RLIIX's -27.35%.

Which has better risk-adjusted returns?

ALIBX currently has the higher Sharpe Ratio (2.32 vs 2.20), 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.