ALIBX vs. SMTH
ALIBX (ALPS/Smith Balanced Opportunity Fund) and SMTH (ALPS Smith Core Plus Bond ETF) are both funds - ALIBX is a Diversified Portfolio fund managed by ALPS, while SMTH is a Intermediate Core-Plus Bond fund actively managed by ALPS. Over the past year, ALIBX returned 21.86% vs 4.65% for SMTH. At a 0.38 correlation, their price movements are largely independent. ALIBX charges 1.12%/yr vs 0.59%/yr for SMTH.
Performance
ALIBX vs. SMTH - Performance Comparison
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Returns By Period
In the year-to-date period, ALIBX achieves a 8.47% return, which is significantly higher than SMTH's 0.56% return.
ALIBX
- 1D
- 0.66%
- 1M
- 1.63%
- YTD
- 8.47%
- 6M
- 8.35%
- 1Y
- 21.86%
- 3Y*
- 14.26%
- 5Y*
- 7.89%
- 10Y*
- —
SMTH
- 1D
- -0.25%
- 1M
- 0.65%
- YTD
- 0.56%
- 6M
- 0.68%
- 1Y
- 4.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALIBX vs. SMTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ALIBX ALPS/Smith Balanced Opportunity Fund | 8.47% | 12.89% | 14.89% | 3.86% |
SMTH ALPS Smith Core Plus Bond ETF | 0.56% | 6.86% | 2.76% | 3.80% |
Correlation
The correlation between ALIBX and SMTH is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023 | 0.38 |
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Return for Risk
ALIBX vs. SMTH — Risk / Return Rank
ALIBX
SMTH
ALIBX vs. SMTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Balanced Opportunity Fund (ALIBX) and ALPS Smith Core Plus Bond ETF (SMTH). 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 | SMTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.21 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.70 | +1.33 |
| Martin ratioReturn relative to average drawdown | 13.71 | 4.90 | +8.81 |
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Drawdowns
ALIBX vs. SMTH - Drawdown Comparison
The maximum ALIBX drawdown since its inception was -20.38%, which is greater than SMTH's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for ALIBX and SMTH.
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Drawdown Indicators
| ALIBX | SMTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.38% | -4.11% | -16.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -2.74% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.38% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.19% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -1.06% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 0.95% | +0.62% |
Volatility
ALIBX vs. SMTH - Volatility Comparison
ALPS/Smith Balanced Opportunity Fund (ALIBX) has a higher volatility of 3.53% compared to ALPS Smith Core Plus Bond ETF (SMTH) at 1.02%. This indicates that ALIBX's price experiences larger fluctuations and is considered to be riskier than SMTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALIBX | SMTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 1.02% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 2.74% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.32% | 3.82% | +5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.24% | 4.58% | +6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.04% | 4.58% | +6.46% |
ALIBX vs. SMTH - Expense Ratio Comparison
ALIBX has a 1.12% expense ratio, which is higher than SMTH's 0.59% expense ratio.
Dividends
ALIBX vs. SMTH - Dividend Comparison
ALIBX's dividend yield for the trailing twelve months is around 8.39%, more than SMTH's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ALIBX ALPS/Smith Balanced Opportunity Fund | 8.39% | 9.14% | 10.61% | 1.37% | 1.08% | 0.56% | 0.12% |
SMTH ALPS Smith Core Plus Bond ETF | 4.38% | 4.46% | 4.58% | 0.24% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ALIBX and SMTH have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALIBX has higher volatility (3.53%) compared to SMTH (1.02%). In terms of maximum drawdown, ALIBX dropped -20.38% vs SMTH's -4.11%.
ALIBX currently has the higher Sharpe Ratio (2.32 vs 1.23), 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.
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