CTRZX vs. SMTRX

Last updated Jun 4, 2026

CTRZX (Multi-Manager Total Return Bond Strategies Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. A 0.50 correlation means they provide meaningful diversification when combined. CTRZX charges 0.49%/yr vs 0.99%/yr for SMTRX.

Performance

CTRZX vs. SMTRX - Performance Comparison

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

Returns By Period

CTRZX

• 1D: 0.00%
• 1M: 0.47%
• YTD: 0.41%
• 6M: 0.36%
• 1Y: 5.69%
• 3Y*: 4.43%
• 5Y*: 0.19%
• 10Y*: —

SMTRX

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

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

CTRZX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
CTRZX Multi-Manager Total Return Bond Strategies Fund	0.35%
SMTRX ALPS/Smith Total Return Bond Fund	0.10%

Correlation

The correlation between CTRZX and SMTRX is 0.50, 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	0.50

Return for Risk

CTRZX vs. SMTRX — Risk / Return Rank

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

CTRZX

CTRZX Risk / Return Rank: 24
CTRZX Sharpe Ratio Rank: 23
CTRZX Sortino Ratio Rank: 25
CTRZX Omega Ratio Rank: 23
CTRZX Calmar Ratio Rank: 26
CTRZX Martin Ratio Rank: 22

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.

CTRZX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Total Return Bond Strategies Fund (CTRZX) 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.

	CTRZX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	2.10	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.88	—	—
Martin ratio: Return relative to average drawdown	5.64	—	—
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

	CTRZX	SMTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	5.86	-5.48

Drawdowns

CTRZX vs. SMTRX - Drawdown Comparison

The maximum CTRZX drawdown since its inception was -19.33%, which is greater than SMTRX's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for CTRZX and SMTRX.

Drawdown Indicators

	CTRZX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-19.33%	-0.10%	-19.23%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.33%	—	—
Current Drawdown Current decline from peak	-1.54%	0.00%	-1.54%
Average Drawdown Average peak-to-trough decline	-5.05%	-0.03%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	—	—

Volatility

Volatility by Period

	CTRZX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.11%	1.90%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.00%	1.90%	+4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.11%	1.90%	+3.21%

CTRZX vs. SMTRX - Expense Ratio Comparison

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

Dividends

CTRZX vs. SMTRX - Dividend Comparison

CTRZX's dividend yield for the trailing twelve months is around 4.40%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTRZX Multi-Manager Total Return Bond Strategies Fund	4.40%	4.39%	4.61%	3.47%	2.70%	2.13%	4.69%	3.32%	2.89%	2.22%
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%

Frequently Asked Questions

Can I hold both CTRZX and SMTRX in my portfolio?

CTRZX and SMTRX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.