LSIGX vs. SMTRX

Last updated Jun 24, 2026

LSIGX (Loomis Sayles Investment Grade Fixed Income Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.88 suggests significant overlap in exposure. 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: 0.00%
• 1M: 0.86%
• YTD: 0.18%
• 6M: 0.38%
• 1Y: 3.94%
• 3Y*: 5.12%
• 5Y*: 1.26%
• 10Y*: 2.90%

SMTRX

• 1D: -0.31%
• 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	0.39%
SMTRX ALPS/Smith Total Return Bond Fund	0.00%

Correlation

The correlation between LSIGX and SMTRX is 0.88, 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	0.88

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: 24
LSIGX Sharpe Ratio Rank: 27
LSIGX Sortino Ratio Rank: 28
LSIGX Omega Ratio Rank: 26
LSIGX Calmar Ratio Rank: 23
LSIGX Martin Ratio Rank: 19

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.

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.

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.

	LSIGX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	2.01	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.60	—	—
Martin ratio: Return relative to average drawdown	4.40	—	—

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 -0.62%. 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%	-0.62%	-20.32%
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	-1.52%	-0.31%	-1.21%
Average Drawdown Average peak-to-trough decline	-2.40%	-0.18%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	—	—

Volatility

Volatility by Period

	LSIGX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	3.64%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.26%	3.64%	+1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	3.64%	+1.04%

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?

LSIGX and SMTRX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.