LSIGX vs. SMTRX

Last updated Jun 4, 2026

LSIGX (Loomis Sayles Investment Grade Fixed Income Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. With a 1.00 correlation, they move nearly in lockstep. LSIGX charges 0.52%/yr vs 0.99%/yr for SMTRX.

Performance

LSIGX vs. SMTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Investment Grade Fixed Income Fund (LSIGX) and ALPS/Smith Total Return Bond Fund (SMTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LSIGX

• 1D: 0.10%
• 1M: 0.57%
• YTD: 0.09%
• 6M: 0.13%
• 1Y: 5.16%
• 3Y*: 5.16%
• 5Y*: 1.34%
• 10Y*: 2.87%

SMTRX

• 1D: 0.10%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LSIGX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
LSIGX Loomis Sayles Investment Grade Fixed Income Fund	0.10%
SMTRX ALPS/Smith Total Return Bond Fund	0.10%

Correlation

The correlation between LSIGX and SMTRX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

LSIGX vs. SMTRX — Risk / Return Rank

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

LSIGX

LSIGX Risk / Return Rank: 29
LSIGX Sharpe Ratio Rank: 31
LSIGX Sortino Ratio Rank: 33
LSIGX Omega Ratio Rank: 31
LSIGX Calmar Ratio Rank: 27
LSIGX Martin Ratio Rank: 22

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.

LSIGX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Investment Grade Fixed Income Fund (LSIGX) 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.

	LSIGX	SMTRX	Difference
Sharpe ratio Return per unit of total volatility	1.61	—	—
Sortino ratio Return per unit of downside risk	2.40	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	1.93	—	—
Martin ratio Return relative to average drawdown	5.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LSIGX	SMTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	5.86	-4.71

Drawdowns

LSIGX vs. SMTRX - Drawdown Comparison

The maximum LSIGX drawdown since its inception was -20.94%, which is greater than SMTRX's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for LSIGX and SMTRX.

Drawdown Indicators

	LSIGX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-20.94%	-0.10%	-20.84%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.98%	—	—
Current Drawdown Current decline from peak	-1.62%	0.00%	-1.62%
Average Drawdown Average peak-to-trough decline	-2.40%	-0.03%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	—	—

Volatility

Volatility by Period

	LSIGX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	1.90%	+1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.25%	1.90%	+3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	1.90%	+2.78%

LSIGX vs. SMTRX - Expense Ratio Comparison

LSIGX has a 0.52% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

LSIGX vs. SMTRX - Dividend Comparison

LSIGX's dividend yield for the trailing twelve months is around 4.72%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSIGX Loomis Sayles Investment Grade Fixed Income Fund	4.72%	4.76%	4.69%	4.06%	4.14%	5.95%	6.24%	2.59%	3.42%	4.27%	4.32%	3.81%
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 LSIGX and SMTRX in my portfolio?

With a correlation of 1.00, LSIGX and SMTRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.