LPEFX vs. SMTRX

Last updated Jun 24, 2026

LPEFX (ALPS/Red Rocks Global Opportunity Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both mutual funds - LPEFX is a Global Equities fund managed by ALPS, while SMTRX is a Intermediate Core-Plus Bond fund managed by ALPS. A 0.80 correlation means they provide meaningful diversification when combined. LPEFX charges 1.46%/yr vs 0.99%/yr for SMTRX.

Performance

LPEFX vs. SMTRX - Performance Comparison

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

Returns By Period

LPEFX

• 1D: -0.76%
• 1M: 0.57%
• YTD: -7.73%
• 6M: -8.54%
• 1Y: -5.41%
• 3Y*: 9.35%
• 5Y*: 2.02%
• 10Y*: 9.63%

SMTRX

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

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

LPEFX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
LPEFX ALPS/Red Rocks Global Opportunity Fund	-0.38%
SMTRX ALPS/Smith Total Return Bond Fund	0.00%

Correlation

The correlation between LPEFX and SMTRX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.80

Return for Risk

LPEFX vs. SMTRX — Risk / Return Rank

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

LPEFX

LPEFX Risk / Return Rank: 2
LPEFX Sharpe Ratio Rank: 2
LPEFX Sortino Ratio Rank: 2
LPEFX Omega Ratio Rank: 2
LPEFX Calmar Ratio Rank: 2
LPEFX Martin Ratio Rank: 2

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.

LPEFX vs. SMTRX - 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 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.

	LPEFX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	—	—
Sortino ratio: Return per unit of downside risk	-0.23	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.21	—	—
Martin ratio: Return relative to average drawdown	-0.49	—	—

Drawdowns

LPEFX vs. SMTRX - Drawdown Comparison

The maximum LPEFX drawdown since its inception was -77.00%, which is greater than SMTRX's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for LPEFX and SMTRX.

Drawdown Indicators

	LPEFX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-77.00%	-0.62%	-76.38%
Max Drawdown (1Y) Largest decline over 1 year	-22.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.19%	—	—
Current Drawdown Current decline from peak	-19.37%	-0.31%	-19.06%
Average Drawdown Average peak-to-trough decline	-22.75%	-0.18%	-22.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.65%	—	—

Volatility

Volatility by Period

	LPEFX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	3.64%	+14.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	3.64%	+20.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.88%	3.64%	+19.24%

LPEFX vs. SMTRX - Expense Ratio Comparison

LPEFX has a 1.46% expense ratio, which is higher than SMTRX's 0.99% expense ratio.

Dividends

LPEFX vs. SMTRX - Dividend Comparison

LPEFX's dividend yield for the trailing twelve months is around 16.66%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LPEFX ALPS/Red Rocks Global Opportunity Fund	16.66%	15.38%	15.95%	5.56%	0.00%	26.79%	3.96%	21.96%	4.58%	13.29%	1.55%	8.21%
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 LPEFX and SMTRX in my portfolio?

LPEFX and SMTRX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.