LPCIX vs. SMTRX

Last updated Jun 24, 2026

LPCIX (MetLife Core Plus Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.87 suggests significant overlap in exposure. LPCIX charges 0.64%/yr vs 0.99%/yr for SMTRX.

Performance

LPCIX vs. SMTRX - Performance Comparison

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

Returns By Period

LPCIX

• 1D: -0.23%
• 1M: 0.58%
• YTD: 0.36%
• 6M: 0.46%
• 1Y: 4.27%
• 3Y*: 3.96%
• 5Y*: -0.21%
• 10Y*: 1.67%

SMTRX

• 1D: -0.31%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LPCIX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
LPCIX MetLife Core Plus Fund	0.23%
SMTRX ALPS/Smith Total Return Bond Fund	0.00%

Correlation

The correlation between LPCIX and SMTRX is 0.87, 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	0.87

Return for Risk

LPCIX vs. SMTRX — Risk / Return Rank

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

LPCIX

LPCIX Risk / Return Rank: 21
LPCIX Sharpe Ratio Rank: 21
LPCIX Sortino Ratio Rank: 22
LPCIX Omega Ratio Rank: 20
LPCIX Calmar Ratio Rank: 24
LPCIX Martin Ratio Rank: 20

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.

LPCIX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MetLife Core Plus Fund (LPCIX) 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.

	LPCIX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.67	—	—
Martin ratio: Return relative to average drawdown	4.71	—	—

Drawdowns

LPCIX vs. SMTRX - Drawdown Comparison

The maximum LPCIX drawdown since its inception was -18.98%, which is greater than SMTRX's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for LPCIX and SMTRX.

Drawdown Indicators

	LPCIX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-18.98%	-0.62%	-18.36%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.98%	—	—
Current Drawdown Current decline from peak	-2.74%	-0.31%	-2.43%
Average Drawdown Average peak-to-trough decline	-4.41%	-0.18%	-4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	—	—

Volatility

Volatility by Period

	LPCIX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	3.64%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.01%	3.64%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	3.64%	+1.30%

LPCIX vs. SMTRX - Expense Ratio Comparison

LPCIX has a 0.64% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

LPCIX vs. SMTRX - Dividend Comparison

LPCIX's dividend yield for the trailing twelve months is around 4.20%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LPCIX MetLife Core Plus Fund	4.20%	4.12%	3.43%	3.95%	2.58%	1.52%	2.48%	5.87%	2.73%	2.63%	2.66%	2.04%
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%

Frequently Asked Questions

Can I hold both LPCIX and SMTRX in my portfolio?

LPCIX and SMTRX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.