BCOSX vs. SMTRX

Last updated Jun 5, 2026

BCOSX (Baird Core Plus Bond Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. A 0.78 correlation means they provide meaningful diversification when combined. BCOSX charges 0.55%/yr vs 0.99%/yr for SMTRX.

Performance

BCOSX vs. SMTRX - Performance Comparison

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

Returns By Period

BCOSX

• 1D: -0.19%
• 1M: 0.15%
• YTD: 0.23%
• 6M: 0.41%
• 1Y: 4.60%
• 3Y*: 4.59%
• 5Y*: 0.48%
• 10Y*: 2.13%

SMTRX

• 1D: 0.10%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCOSX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
BCOSX Baird Core Plus Bond Fund	-0.09%
SMTRX ALPS/Smith Total Return Bond Fund	0.10%

Correlation

The correlation between BCOSX and SMTRX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.78

Return for Risk

BCOSX vs. SMTRX — Risk / Return Rank

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

BCOSX

BCOSX Risk / Return Rank: 26
BCOSX Sharpe Ratio Rank: 25
BCOSX Sortino Ratio Rank: 27
BCOSX Omega Ratio Rank: 25
BCOSX Calmar Ratio Rank: 30
BCOSX Martin Ratio Rank: 24

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.

BCOSX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOSX) 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.

	BCOSX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	—	—
Sortino ratio: Return per unit of downside risk	2.16	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.02	—	—
Martin ratio: Return relative to average drawdown	5.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BCOSX	SMTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	5.86	-4.84

Drawdowns

BCOSX vs. SMTRX - Drawdown Comparison

The maximum BCOSX drawdown since its inception was -18.39%, which is greater than SMTRX's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for BCOSX and SMTRX.

Drawdown Indicators

	BCOSX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-0.10%	-18.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.58%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.39%	—	—
Current Drawdown Current decline from peak	-1.43%	0.00%	-1.43%
Average Drawdown Average peak-to-trough decline	-2.30%	-0.03%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	BCOSX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.62%	1.90%	+1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	1.90%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.65%	1.90%	+2.75%

BCOSX vs. SMTRX - Expense Ratio Comparison

BCOSX has a 0.55% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

BCOSX vs. SMTRX - Dividend Comparison

BCOSX's dividend yield for the trailing twelve months is around 3.88%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCOSX Baird Core Plus Bond Fund	3.88%	3.75%	3.68%	3.17%	2.69%	2.57%	3.11%	2.60%	2.75%	2.47%	2.27%	2.49%
SMTRX ALPS/Smith Total Return Bond Fund	0.36%	0.00%	0.00%	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 BCOSX and SMTRX in my portfolio?

BCOSX and SMTRX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.