DLFNX vs. SMTRX

Last updated Aug 1, 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 0.92 means they have usually moved in the same direction. 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: -0.66%
• 6M: -1.04%
• YTD: -0.73%
• 1Y: 1.75%
• 3Y*: 4.19%
• 5Y*: 0.03%
• 10Y*: 1.52%
• ALL TIME*: 3.05%

SMTRX

• 1D: 0.15%
• 1M: -1.10%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DLFNX DoubleLine Core Fixed Income Fund	$0.00	$0.00	$0.00
SMTRX ALPS/Smith Total Return Bond Fund	$0.00	$0.00	$0.00

DLFNX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
DLFNX DoubleLine Core Fixed Income Fund	-0.40%
SMTRX ALPS/Smith Total Return Bond Fund	-0.86%

Correlation

The correlation between DLFNX and SMTRX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.92

Return for Risk

DLFNX vs. SMTRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DLFNX

DLFNX Risk / Return Rank: 17
DLFNX Sharpe Ratio Rank: 18
DLFNX Sortino Ratio Rank: 17
DLFNX Omega Ratio Rank: 16
DLFNX Calmar Ratio Rank: 17
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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	0.71	—	—
Sortino ratio: Return per unit of downside risk	1.03	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.88	—	—
Martin ratio: Return relative to average drawdown	2.11	—	—

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 -1.76%. 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%	-1.76%	-15.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.82%	—	—
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	-2.28%	-1.61%	-0.67%
Average Drawdown Average peak-to-trough decline	-2.72%	-0.65%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	—	—

Volatility

Volatility by Period

	DLFNX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	3.79%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.28%	3.79%	+1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.31%	3.79%	+0.52%

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 4.12%, more than SMTRX's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLFNX DoubleLine Core Fixed Income Fund	4.12%	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	1.09%	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 0.92, 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.