DPDFX vs. SMTRX

Last updated Jul 14, 2026

DPDFX (Delaware Diversified Income Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.89 suggests significant overlap in exposure. DPDFX charges 0.70%/yr vs 0.99%/yr for SMTRX.

Performance

DPDFX vs. SMTRX - Performance Comparison

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

Returns By Period

DPDFX

• 1D: -0.13%
• 1M: -0.32%
• 6M: 0.04%
• YTD: 0.17%
• 1Y: 4.42%
• 3Y*: 4.64%
• 5Y*: 0.46%
• 10Y*: 2.50%

SMTRX

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

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

DPDFX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
DPDFX Delaware Diversified Income Fund	0.16%
SMTRX ALPS/Smith Total Return Bond Fund	-0.28%

Correlation

The correlation between DPDFX and SMTRX is 0.89, 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	0.89

Return for Risk

DPDFX vs. SMTRX — Risk / Return Rank

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

DPDFX

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

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.

DPDFX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Diversified Income Fund (DPDFX) 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.

	DPDFX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.55	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.44	—	—
Martin ratio: Return relative to average drawdown	4.09	—	—

Drawdowns

DPDFX vs. SMTRX - Drawdown Comparison

The maximum DPDFX drawdown since its inception was -18.64%, which is greater than SMTRX's maximum drawdown of -1.03%. Use the drawdown chart below to compare losses from any high point for DPDFX and SMTRX.

Drawdown Indicators

	DPDFX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-1.03%	-17.61%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.64%	—	—
Current Drawdown Current decline from peak	-1.49%	-1.03%	-0.46%
Average Drawdown Average peak-to-trough decline	-2.20%	-0.31%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	—	—

Volatility

Volatility by Period

	DPDFX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	3.83%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.16%	3.83%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.05%	3.83%	+1.22%

DPDFX vs. SMTRX - Expense Ratio Comparison

DPDFX has a 0.70% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

DPDFX vs. SMTRX - Dividend Comparison

DPDFX's dividend yield for the trailing twelve months is around 4.38%, more than SMTRX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPDFX Delaware Diversified Income Fund	4.38%	4.34%	4.01%	3.57%	3.52%	5.95%	3.15%	4.28%	4.10%	3.70%	3.19%	3.55%
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 DPDFX and SMTRX in my portfolio?

DPDFX and SMTRX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.