DLFNX vs. SMTRX

Last updated Jul 14, 2026

DLFNX (DoubleLine Core Fixed Income Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.94 suggests significant overlap in exposure. DLFNX charges 0.73%/yr vs 0.99%/yr for SMTRX.

Performance

DLFNX vs. SMTRX - Performance Comparison

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

Returns By Period

DLFNX

• 1D: -0.11%
• 1M: -0.20%
• 6M: -0.50%
• YTD: -0.40%
• 1Y: 3.38%
• 3Y*: 4.54%
• 5Y*: 0.17%
• 10Y*: 1.60%

SMTRX

• 1D: -0.10%
• 1M: -0.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLFNX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
DLFNX DoubleLine Core Fixed Income Fund	-0.07%
SMTRX ALPS/Smith Total Return Bond Fund	-0.28%

Correlation

The correlation between DLFNX and SMTRX is 0.94, 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	0.94

Return for Risk

DLFNX vs. SMTRX — Risk / Return Rank

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

DLFNX

DLFNX Risk / Return Rank: 16
DLFNX Sharpe Ratio Rank: 16
DLFNX Sortino Ratio Rank: 16
DLFNX Omega Ratio Rank: 15
DLFNX Calmar Ratio Rank: 16
DLFNX Martin Ratio Rank: 14

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.

DLFNX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Core Fixed Income Fund (DLFNX) 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.

	DLFNX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	0.83	—	—
Sortino ratio: Return per unit of downside risk	1.21	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.03	—	—
Martin ratio: Return relative to average drawdown	2.74	—	—

Drawdowns

DLFNX vs. SMTRX - Drawdown Comparison

The maximum DLFNX drawdown since its inception was -17.33%, which is greater than SMTRX's maximum drawdown of -1.03%. Use the drawdown chart below to compare losses from any high point for DLFNX and SMTRX.

Drawdown Indicators

	DLFNX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-17.33%	-1.03%	-16.30%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.33%	—	—
Current Drawdown Current decline from peak	-1.96%	-1.03%	-0.93%
Average Drawdown Average peak-to-trough decline	-2.72%	-0.31%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	—	—

Volatility

Volatility by Period

	DLFNX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	3.83%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.27%	3.83%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.31%	3.83%	+0.48%

DLFNX vs. SMTRX - Expense Ratio Comparison

DLFNX has a 0.73% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

DLFNX vs. SMTRX - Dividend Comparison

DLFNX's dividend yield for the trailing twelve months is around 4.51%, more than SMTRX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLFNX DoubleLine Core Fixed Income Fund	4.51%	4.62%	4.96%	4.41%	3.72%	2.87%	2.92%	3.17%	3.10%	2.65%	2.71%	3.34%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DLFNX and SMTRX in my portfolio?

With a correlation of 0.94, DLFNX 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.