JCRAX vs. SMTRX

Last updated Jun 23, 2026

JCRAX (ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both mutual funds - JCRAX is a Commodities fund managed by ALPS, while SMTRX is a Intermediate Core-Plus Bond fund managed by ALPS. At a correlation of -0.15, they often move in opposite directions. JCRAX charges 1.36%/yr vs 0.99%/yr for SMTRX.

Performance

JCRAX vs. SMTRX - Performance Comparison

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

Returns By Period

JCRAX

• 1D: -1.16%
• 1M: -7.33%
• YTD: 15.56%
• 6M: 15.70%
• 1Y: 30.19%
• 3Y*: 13.08%
• 5Y*: 11.01%
• 10Y*: 7.42%

SMTRX

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

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

JCRAX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	-5.65%
SMTRX ALPS/Smith Total Return Bond Fund	0.31%

Correlation

The correlation between JCRAX and SMTRX is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.15

Return for Risk

JCRAX vs. SMTRX — Risk / Return Rank

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

JCRAX

JCRAX Risk / Return Rank: 58
JCRAX Sharpe Ratio Rank: 56
JCRAX Sortino Ratio Rank: 46
JCRAX Omega Ratio Rank: 47
JCRAX Calmar Ratio Rank: 66
JCRAX Martin Ratio Rank: 73

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.

JCRAX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) 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.

	JCRAX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	—	—
Sortino ratio: Return per unit of downside risk	2.63	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.98	—	—
Martin ratio: Return relative to average drawdown	12.96	—	—

Drawdowns

JCRAX vs. SMTRX - Drawdown Comparison

The maximum JCRAX drawdown since its inception was -62.03%, which is greater than SMTRX's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for JCRAX and SMTRX.

Drawdown Indicators

	JCRAX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-62.03%	-0.62%	-61.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.14%	—	—
Current Drawdown Current decline from peak	-9.83%	0.00%	-9.83%
Average Drawdown Average peak-to-trough decline	-26.33%	-0.18%	-26.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	—	—

Volatility

Volatility by Period

	JCRAX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	3.53%	+10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.66%	3.53%	+17.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	3.53%	+14.58%

JCRAX vs. SMTRX - Expense Ratio Comparison

JCRAX has a 1.36% expense ratio, which is higher than SMTRX's 0.99% expense ratio.

Dividends

JCRAX vs. SMTRX - Dividend Comparison

JCRAX's dividend yield for the trailing twelve months is around 7.62%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	7.62%	8.80%	2.80%	3.29%	7.08%	22.43%	0.29%	0.90%	3.26%	2.44%	0.05%
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%

Frequently Asked Questions

Can I hold both JCRAX and SMTRX in my portfolio?

JCRAX and SMTRX have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.