NEFRX vs. SMTRX

Last updated Jun 4, 2026

NEFRX (Loomis Sayles Core Plus Bond 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. NEFRX charges 0.71%/yr vs 0.99%/yr for SMTRX.

Performance

NEFRX vs. SMTRX - Performance Comparison

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

Returns By Period

NEFRX

• 1D: 0.09%
• 1M: 0.45%
• YTD: 0.31%
• 6M: 0.08%
• 1Y: 5.38%
• 3Y*: 3.62%
• 5Y*: 0.04%
• 10Y*: 2.17%

SMTRX

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

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

NEFRX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
NEFRX Loomis Sayles Core Plus Bond Fund	0.09%
SMTRX ALPS/Smith Total Return Bond Fund	0.10%

Correlation

The correlation between NEFRX 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

NEFRX vs. SMTRX — Risk / Return Rank

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

NEFRX

NEFRX Risk / Return Rank: 31
NEFRX Sharpe Ratio Rank: 29
NEFRX Sortino Ratio Rank: 33
NEFRX Omega Ratio Rank: 29
NEFRX Calmar Ratio Rank: 35
NEFRX Martin Ratio Rank: 27

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.

NEFRX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Core Plus Bond Fund (NEFRX) 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.

	NEFRX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.40	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.22	—	—
Martin ratio: Return relative to average drawdown	6.44	—	—
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

	NEFRX	SMTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	5.86	-5.13

Drawdowns

NEFRX vs. SMTRX - Drawdown Comparison

The maximum NEFRX drawdown since its inception was -25.45%, which is greater than SMTRX's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for NEFRX and SMTRX.

Drawdown Indicators

	NEFRX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-25.45%	-0.10%	-25.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.76%	—	—
Current Drawdown Current decline from peak	-1.89%	0.00%	-1.89%
Average Drawdown Average peak-to-trough decline	-3.97%	-0.03%	-3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	NEFRX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.19%	1.90%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.23%	1.90%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	1.90%	+3.14%

NEFRX vs. SMTRX - Expense Ratio Comparison

NEFRX has a 0.71% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

NEFRX vs. SMTRX - Dividend Comparison

NEFRX's dividend yield for the trailing twelve months is around 3.61%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEFRX Loomis Sayles Core Plus Bond Fund	3.61%	3.97%	3.90%	3.58%	3.10%	2.34%	4.04%	2.51%	2.87%	2.68%	3.17%	2.58%
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 NEFRX and SMTRX in my portfolio?

With a correlation of 1.00, NEFRX 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.