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GUGAX vs. SMTRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GUGAX vs. SMTRX

Last updated Jun 4, 2026

GUGAX (GMO Multi-Sector Fixed Income Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. GUGAX charges 0.45%/yr vs 0.99%/yr for SMTRX.

Performance

GUGAX vs. SMTRX - Performance Comparison

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

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Returns By Period

GUGAX

1D
0.00%
1M
0.00%
YTD
0.96%
6M
0.82%
1Y
5.93%
3Y*
4.32%
5Y*
-0.35%
10Y*
1.52%

SMTRX

1D
0.10%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GUGAX vs. SMTRX - Yearly Performance Comparison

2026 (YTD)
GUGAX
GMO Multi-Sector Fixed Income Fund		0.00%
SMTRX
ALPS/Smith Total Return Bond Fund		0.10%

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GMO Multi-Sector Fixed Income Fund

ALPS/Smith Total Return Bond Fund

Often compared with GUGAX:
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Often compared with SMTRX:
SMTRX vs. SMRSXSMTRX vs. JCRAXSMTRX vs. SMCVXSMTRX vs. ALIBXSMTRX vs. AVPEXSMTRX vs. LPEFXSMTRX vs. AMFIX

Return for Risk

GUGAX vs. SMTRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GUGAX
GUGAX Risk / Return Rank: 7474
Overall Rank
GUGAX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
GUGAX Sortino Ratio Rank: 6969
Sortino Ratio Rank
GUGAX Omega Ratio Rank: 7070
Omega Ratio Rank
GUGAX Calmar Ratio Rank: 9494
Calmar Ratio Rank
GUGAX Martin Ratio Rank: 8585
Martin Ratio Rank
SMTRX
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.

GUGAX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Multi-Sector Fixed Income Fund (GUGAX) 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.

GUGAXSMTRXDifference
Sharpe ratioReturn per unit of total volatility
2.13

—

—

Sortino ratioReturn per unit of downside risk
3.47

—

—

Omega ratioGain probability vs. loss probability

1.47

—

—

Calmar ratioReturn relative to maximum drawdown

5.57

—

—

Martin ratioReturn relative to average drawdown

16.20

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GUGAX vs. SMTRX - Sharpe Ratio Comparison

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Sharpe Ratios by Period

GUGAXSMTRXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.05

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

5.86

-5.78

Drawdowns

GUGAX vs. SMTRX - Drawdown Comparison

The maximum GUGAX drawdown since its inception was -38.57%, which is greater than SMTRX's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for GUGAX and SMTRX.

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Drawdown Indicators

GUGAXSMTRXDifference

Max Drawdown

Largest peak-to-trough decline

-38.57%

-0.10%

-38.47%

Max Drawdown (1Y)

Largest decline over 1 year

-1.16%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-6.12%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-20.53%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-23.06%

—

—

Current Drawdown

Current decline from peak

-6.72%

0.00%

-6.72%

Average Drawdown

Average peak-to-trough decline

-11.27%

-0.03%

-11.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.43%

—

—

Volatility

GUGAX vs. SMTRX - Volatility Comparison

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Volatility by Period

GUGAXSMTRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

1.43%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

3.05%

1.90%

+1.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.57%

1.90%

+4.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.43%

1.90%

+3.53%

GUGAX vs. SMTRX - Expense Ratio Comparison

GUGAX has a 0.45% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

GUGAX vs. SMTRX - Dividend Comparison

GUGAX's dividend yield for the trailing twelve months is around 4.52%, more than SMTRX's 0.36% yield.

PositionTTM20252024202320222021202020192018201720162015
GUGAX
GMO Multi-Sector Fixed Income Fund		4.52%3.69%4.34%0.00%1.94%2.90%7.96%5.74%5.08%2.43%3.29%1.76%
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%0.00%0.00%
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