BASBX vs. SMTRX

Last updated Jul 15, 2026

BASBX (Brown Advisory Sustainable Bond Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.93 suggests significant overlap in exposure. BASBX charges 0.49%/yr vs 0.99%/yr for SMTRX.

Performance

BASBX vs. SMTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory Sustainable Bond Fund (BASBX) and ALPS/Smith Total Return Bond Fund (SMTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BASBX

• 1D: -0.36%
• 1M: -0.71%
• 6M: -0.65%
• YTD: -0.30%
• 1Y: 3.37%
• 3Y*: 3.20%
• 5Y*: -0.83%
• 10Y*: —

SMTRX

• 1D: -0.31%
• 1M: -0.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BASBX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
BASBX Brown Advisory Sustainable Bond Fund	-0.37%
SMTRX ALPS/Smith Total Return Bond Fund	-0.59%

Correlation

The correlation between BASBX and SMTRX 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 (All Time) Calculated using the full available price history since May 28, 2026	0.93

Return for Risk

BASBX vs. SMTRX — Risk / Return Rank

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

BASBX

BASBX Risk / Return Rank: 18
BASBX Sharpe Ratio Rank: 18
BASBX Sortino Ratio Rank: 19
BASBX Omega Ratio Rank: 17
BASBX Calmar Ratio Rank: 19
BASBX Martin Ratio Rank: 17

SMTRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BASBX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Bond Fund (BASBX) and ALPS/Smith Total Return Bond Fund (SMTRX). 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.

	BASBX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.32	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.13	—	—
Martin ratio: Return relative to average drawdown	3.13	—	—

Drawdowns

BASBX vs. SMTRX - Drawdown Comparison

The maximum BASBX drawdown since its inception was -18.78%, which is greater than SMTRX's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for BASBX and SMTRX.

Drawdown Indicators

	BASBX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-18.78%	-1.34%	-17.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.78%	—	—
Current Drawdown Current decline from peak	-4.82%	-1.34%	-3.48%
Average Drawdown Average peak-to-trough decline	-5.63%	-0.34%	-5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	—	—

Volatility

Volatility by Period

	BASBX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	3.86%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.72%	3.86%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.08%	3.86%	+1.22%

BASBX vs. SMTRX - Expense Ratio Comparison

BASBX has a 0.49% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

BASBX vs. SMTRX - Dividend Comparison

BASBX's dividend yield for the trailing twelve months is around 4.36%, more than SMTRX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BASBX Brown Advisory Sustainable Bond Fund	4.36%	4.35%	4.40%	3.66%	2.07%	2.73%	4.04%	5.23%	2.59%	0.64%
SMTRX ALPS/Smith Total Return Bond Fund	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BASBX and SMTRX in my portfolio?

With a correlation of 0.93, BASBX and SMTRX 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.