ALIBX vs. SMRSX

Last updated Jun 23, 2026

ALIBX (ALPS/Smith Balanced Opportunity Fund) and SMRSX (ALPS/Smith Short Duration Bond Fund) are both mutual funds - ALIBX is a Diversified Portfolio fund managed by ALPS, while SMRSX is a Short-Term Bond fund managed by ALPS. Over the past 5 years, ALIBX returned 7.89%/yr vs 2.21%/yr for SMRSX. At a 0.28 correlation, their price movements are largely independent. ALIBX charges 1.12%/yr vs 0.93%/yr for SMRSX.

Performance

ALIBX vs. SMRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Balanced Opportunity Fund (ALIBX) and ALPS/Smith Short Duration Bond Fund (SMRSX). 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 SMRSX's 0.65% return.

ALIBX

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

SMRSX

• 1D: 0.10%
• 1M: 0.32%
• YTD: 0.65%
• 6M: 0.81%
• 1Y: 3.41%
• 3Y*: 4.72%
• 5Y*: 2.21%
• 10Y*: —

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

ALIBX vs. SMRSX - 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%
SMRSX ALPS/Smith Short Duration Bond Fund	0.65%	5.38%	4.50%	4.73%	-3.47%	-0.39%	0.91%

Correlation

The correlation between ALIBX and SMRSX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020	0.28

The correlation between ALIBX and SMRSX shifts across timeframes, from 0.28 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ALIBX vs. SMRSX — 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

SMRSX

SMRSX Risk / Return Rank: 87
SMRSX Sharpe Ratio Rank: 86
SMRSX Sortino Ratio Rank: 90
SMRSX Omega Ratio Rank: 90
SMRSX Calmar Ratio Rank: 84
SMRSX Martin Ratio Rank: 87

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. SMRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Balanced Opportunity Fund (ALIBX) and ALPS/Smith Short Duration Bond Fund (SMRSX). 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	SMRSX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.57	-0.25
Sortino ratio: Return per unit of downside risk	3.30	4.05	-0.75
Omega ratio: Gain probability vs. loss probability	1.42	1.62	-0.19
Calmar ratio: Return relative to maximum drawdown	3.04	3.73	-0.69
Martin ratio: Return relative to average drawdown	13.71	15.44	-1.73

ALIBX vs. SMRSX - Sharpe Ratio Comparison

The current ALIBX Sharpe Ratio is 2.32, which is comparable to the SMRSX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of ALIBX and SMRSX, 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. SMRSX - Drawdown Comparison

The maximum ALIBX drawdown since its inception was -20.38%, which is greater than SMRSX's maximum drawdown of -5.62%. Use the drawdown chart below to compare losses from any high point for ALIBX and SMRSX.

Drawdown Indicators

	ALIBX	SMRSX	Difference
Max Drawdown Largest peak-to-trough decline	-20.38%	-5.62%	-14.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-0.95%	-6.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-0.95%	-11.70%
Max Drawdown (5Y) Largest decline over 5 years	-20.38%	-5.62%	-14.76%
Current Drawdown Current decline from peak	-0.37%	-0.10%	-0.27%
Average Drawdown Average peak-to-trough decline	-4.72%	-0.85%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	0.23%	+1.34%

Volatility

ALIBX vs. SMRSX - Volatility Comparison

ALPS/Smith Balanced Opportunity Fund (ALIBX) has a higher volatility of 3.53% compared to ALPS/Smith Short Duration Bond Fund (SMRSX) at 0.47%. This indicates that ALIBX's price experiences larger fluctuations and is considered to be riskier than SMRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALIBX	SMRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	0.47%	+3.06%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	1.05%	+6.53%
Volatility (1Y) Calculated over the trailing 1-year period	9.32%	1.37%	+7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.24%	1.70%	+9.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.04%	1.59%	+9.45%

ALIBX vs. SMRSX - Expense Ratio Comparison

ALIBX has a 1.12% expense ratio, which is higher than SMRSX's 0.93% expense ratio.

Dividends

ALIBX vs. SMRSX - Dividend Comparison

ALIBX's dividend yield for the trailing twelve months is around 8.39%, more than SMRSX's 3.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ALIBX ALPS/Smith Balanced Opportunity Fund	8.39%	9.14%	10.61%	1.37%	1.08%	0.56%	0.12%	0.00%	0.00%
SMRSX ALPS/Smith Short Duration Bond Fund	3.87%	3.95%	4.11%	3.50%	0.84%	0.56%	1.92%	2.86%	0.87%

Frequently Asked Questions

Can I hold both ALIBX and SMRSX in my portfolio?

ALIBX and SMRSX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALIBX or SMRSX?

ALIBX has higher volatility (3.53%) compared to SMRSX (0.47%). In terms of maximum drawdown, ALIBX dropped -20.38% vs SMRSX's -5.62%.

Which has better risk-adjusted returns?

SMRSX currently has the higher Sharpe Ratio (2.57 vs 2.32), 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.