OANCX vs. SMTRX

Last updated Jun 5, 2026

OANCX (Oakmark 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. OANCX charges 0.52%/yr vs 0.99%/yr for SMTRX.

Performance

OANCX vs. SMTRX - Performance Comparison

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

Returns By Period

OANCX

• 1D: -0.22%
• 1M: 0.25%
• YTD: 0.56%
• 6M: 0.63%
• 1Y: 5.52%
• 3Y*: 5.11%
• 5Y*: 0.95%
• 10Y*: —

SMTRX

• 1D: -0.21%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OANCX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
OANCX Oakmark Bond Fund	-0.11%
SMTRX ALPS/Smith Total Return Bond Fund	-0.10%

Correlation

The correlation between OANCX 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

OANCX vs. SMTRX — Risk / Return Rank

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

OANCX

OANCX Risk / Return Rank: 38
OANCX Sharpe Ratio Rank: 38
OANCX Sortino Ratio Rank: 40
OANCX Omega Ratio Rank: 36
OANCX Calmar Ratio Rank: 43
OANCX Martin Ratio Rank: 34

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.

OANCX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark Bond Fund (OANCX) 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.

	OANCX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.55	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	7.48	—	—
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

	OANCX	SMTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	-2.96	+3.32

Drawdowns

OANCX vs. SMTRX - Drawdown Comparison

The maximum OANCX drawdown since its inception was -15.58%, which is greater than SMTRX's maximum drawdown of -0.21%. Use the drawdown chart below to compare losses from any high point for OANCX and SMTRX.

Drawdown Indicators

	OANCX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-0.21%	-15.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.58%	—	—
Current Drawdown Current decline from peak	-1.25%	-0.21%	-1.04%
Average Drawdown Average peak-to-trough decline	-4.70%	-0.08%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	—	—

Volatility

Volatility by Period

	OANCX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.59%	2.47%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.02%	2.47%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.67%	2.47%	+2.20%

OANCX vs. SMTRX - Expense Ratio Comparison

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

Dividends

OANCX vs. SMTRX - Dividend Comparison

OANCX's dividend yield for the trailing twelve months is around 4.87%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
OANCX Oakmark Bond Fund	4.87%	3.76%	4.53%	3.82%	2.97%	3.07%	1.24%
SMTRX ALPS/Smith Total Return Bond Fund	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OANCX and SMTRX in my portfolio?

With a correlation of 1.00, OANCX 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.