GPINX vs. SMTRX

Last updated Jul 17, 2026

GPINX (Guidepath 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. GPINX charges 1.14%/yr vs 0.99%/yr for SMTRX.

Performance

GPINX vs. SMTRX - Performance Comparison

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

Returns By Period

GPINX

• 1D: 0.12%
• 1M: -0.55%
• 6M: -1.02%
• YTD: -0.68%
• 1Y: 3.33%
• 3Y*: 4.49%
• 5Y*: -0.30%
• 10Y*: —

SMTRX

• 1D: 0.21%
• 1M: -0.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GPINX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
GPINX Guidepath Income Fund	-0.08%
SMTRX ALPS/Smith Total Return Bond Fund	-0.28%

Correlation

The correlation between GPINX 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

GPINX vs. SMTRX — Risk / Return Rank

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

GPINX

GPINX Risk / Return Rank: 16
GPINX Sharpe Ratio Rank: 18
GPINX Sortino Ratio Rank: 17
GPINX Omega Ratio Rank: 17
GPINX Calmar Ratio Rank: 16
GPINX Martin Ratio Rank: 13

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.

GPINX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guidepath Income Fund (GPINX) 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.

	GPINX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	—	—
Sortino ratio: Return per unit of downside risk	1.37	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.14	—	—
Martin ratio: Return relative to average drawdown	2.85	—	—

Drawdowns

GPINX vs. SMTRX - Drawdown Comparison

The maximum GPINX drawdown since its inception was -19.20%, which is greater than SMTRX's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for GPINX and SMTRX.

Drawdown Indicators

	GPINX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-1.34%	-17.86%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.98%	—	—
Current Drawdown Current decline from peak	-2.43%	-1.03%	-1.40%
Average Drawdown Average peak-to-trough decline	-5.97%	-0.39%	-5.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	—	—

Volatility

Volatility by Period

	GPINX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.74%	3.80%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.53%	3.80%	+1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.19%	3.80%	+1.39%

GPINX vs. SMTRX - Expense Ratio Comparison

GPINX has a 1.14% expense ratio, which is higher than SMTRX's 0.99% expense ratio.

Dividends

GPINX vs. SMTRX - Dividend Comparison

GPINX's dividend yield for the trailing twelve months is around 4.31%, more than SMTRX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GPINX Guidepath Income Fund	4.31%	4.25%	4.34%	3.58%	1.59%	2.26%	1.86%	2.23%	2.04%
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%

Frequently Asked Questions

Can I hold both GPINX and SMTRX in my portfolio?

With a correlation of 0.94, GPINX 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.