LPEFX vs. ALIBX
LPEFX (ALPS/Red Rocks Global Opportunity Fund) and ALIBX (ALPS/Smith Balanced Opportunity Fund) are both mutual funds - LPEFX is a Global Equities fund managed by ALPS, while ALIBX is a Diversified Portfolio fund managed by ALPS. Over the past 5 years, LPEFX returned 1.63%/yr vs 6.98%/yr for ALIBX. Their correlation of 0.82 means they have usually moved in the same direction. LPEFX charges 1.46%/yr vs 1.12%/yr for ALIBX.
Performance
LPEFX vs. ALIBX - Performance Comparison
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Returns By Period
In the year-to-date period, LPEFX achieves a -5.27% return, which is significantly lower than ALIBX's 7.63% return.
LPEFX
- 1D
- 1.70%
- 1M
- 2.67%
- 6M
- -4.09%
- YTD
- -5.27%
- 1Y
- -5.68%
- 3Y*
- 7.78%
- 5Y*
- 1.63%
- 10Y*
- 9.51%
- ALL TIME*
- 4.26%
ALIBX
- 1D
- 1.11%
- 1M
- -1.83%
- 6M
- 4.33%
- YTD
- 7.63%
- 1Y
- 16.25%
- 3Y*
- 13.04%
- 5Y*
- 6.98%
- 10Y*
- —
- ALL TIME*
- 9.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LPEFX vs. ALIBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | -5.27% | 1.25% | 17.78% | 28.31% | -28.82% | 23.70% | 16.76% |
ALIBX ALPS/Smith Balanced Opportunity Fund | 7.63% | 12.89% | 14.89% | 16.01% | -16.24% | 15.50% | 8.25% |
Correlation
The correlation between LPEFX and ALIBX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.82 |
The correlation between LPEFX and ALIBX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
LPEFX vs. ALIBX — Risk / Return Rank
LPEFX
ALIBX
LPEFX vs. ALIBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Fund (LPEFX) and ALPS/Smith Balanced Opportunity Fund (ALIBX). 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.
| LPEFX | ALIBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.29 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.13 | -2.50 |
| Martin ratioReturn relative to average drawdown | -0.79 | 9.26 | -10.05 |
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Drawdowns
LPEFX vs. ALIBX - Drawdown Comparison
The maximum LPEFX drawdown since its inception was -77.00%, which is greater than ALIBX's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for LPEFX and ALIBX.
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Drawdown Indicators
| LPEFX | ALIBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -20.38% | -56.62% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -7.13% | -14.41% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -12.65% | -9.35% |
Max Drawdown (5Y)Largest decline over 5 years | -49.19% | -20.38% | -28.81% |
Max Drawdown (10Y)Largest decline over 10 years | -49.19% | — | — |
Current DrawdownCurrent decline from peak | -17.22% | -2.18% | -15.04% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -4.65% | -18.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.99% | 1.64% | +8.35% |
Volatility
LPEFX vs. ALIBX - Volatility Comparison
ALPS/Red Rocks Global Opportunity Fund (LPEFX) has a higher volatility of 4.79% compared to ALPS/Smith Balanced Opportunity Fund (ALIBX) at 2.29%. This indicates that LPEFX's price experiences larger fluctuations and is considered to be riskier than ALIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPEFX | ALIBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 2.29% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 7.57% | +7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.44% | 9.46% | +8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.66% | 11.25% | +13.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 10.99% | +11.70% |
LPEFX vs. ALIBX - Expense Ratio Comparison
LPEFX has a 1.46% expense ratio, which is higher than ALIBX's 1.12% expense ratio.
Dividends
LPEFX vs. ALIBX - Dividend Comparison
LPEFX's dividend yield for the trailing twelve months is around 16.23%, more than ALIBX's 8.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALIBX ALPS/Smith Balanced Opportunity Fund | 8.43% | 9.14% | 10.61% | 1.37% | 1.08% | 0.56% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LPEFX ALPS/Red Rocks Global Opportunity Fund | 16.23% | 15.38% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 21.96% | 4.58% | 13.29% | 1.55% | 8.21% |
Frequently Asked Questions
LPEFX and ALIBX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPEFX has higher volatility (4.79%) compared to ALIBX (2.29%). In terms of maximum drawdown, LPEFX dropped -77.00% vs ALIBX's -20.38%.
ALIBX currently has the higher Sharpe Ratio (1.61 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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