MWESX vs. SMTRX

Last updated Jul 14, 2026

MWESX (MetWest ESG Securitized Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.85 suggests significant overlap in exposure. MWESX charges 0.49%/yr vs 0.99%/yr for SMTRX.

Performance

MWESX vs. SMTRX - Performance Comparison

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

Returns By Period

MWESX

• 1D: -0.12%
• 1M: -0.09%
• 6M: 0.62%
• YTD: 0.74%
• 1Y: 5.45%
• 3Y*: 7.93%
• 5Y*: —
• 10Y*: —

SMTRX

• 1D: -0.10%
• 1M: -0.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MWESX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
MWESX MetWest ESG Securitized Fund	0.40%
SMTRX ALPS/Smith Total Return Bond Fund	-0.28%

Correlation

The correlation between MWESX and SMTRX is 0.85, 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	0.85

Return for Risk

MWESX vs. SMTRX — Risk / Return Rank

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

MWESX

MWESX Risk / Return Rank: 37
MWESX Sharpe Ratio Rank: 37
MWESX Sortino Ratio Rank: 40
MWESX Omega Ratio Rank: 37
MWESX Calmar Ratio Rank: 39
MWESX Martin Ratio Rank: 31

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.

MWESX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MetWest ESG Securitized Fund (MWESX) 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.

	MWESX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	2.05	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.88	—	—
Martin ratio: Return relative to average drawdown	5.45	—	—

Drawdowns

MWESX vs. SMTRX - Drawdown Comparison

The maximum MWESX drawdown since its inception was -19.57%, which is greater than SMTRX's maximum drawdown of -1.03%. Use the drawdown chart below to compare losses from any high point for MWESX and SMTRX.

Drawdown Indicators

	MWESX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-19.57%	-1.03%	-18.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.22%	—	—
Current Drawdown Current decline from peak	-1.30%	-1.03%	-0.27%
Average Drawdown Average peak-to-trough decline	-6.74%	-0.31%	-6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	—	—

Volatility

Volatility by Period

	MWESX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	3.83%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.76%	3.83%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.76%	3.83%	+2.93%

MWESX vs. SMTRX - Expense Ratio Comparison

MWESX has a 0.49% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

MWESX vs. SMTRX - Dividend Comparison

MWESX's dividend yield for the trailing twelve months is around 4.54%, more than SMTRX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021
MWESX MetWest ESG Securitized Fund	4.54%	4.55%	7.39%	3.63%	2.07%	0.15%
SMTRX ALPS/Smith Total Return Bond Fund	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MWESX and SMTRX in my portfolio?

MWESX and SMTRX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.