OIFIX vs. SMTRX

Last updated Aug 5, 2026

OIFIX (Optimum Fixed Income Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.93 means they have usually moved in the same direction. OIFIX charges 0.80%/yr vs 0.99%/yr for SMTRX.

Performance

OIFIX vs. SMTRX - Performance Comparison

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

Returns By Period

OIFIX

• 1D: 0.36%
• 1M: -1.08%
• 6M: -0.72%
• YTD: -0.60%
• 1Y: 2.03%
• 3Y*: 4.21%
• 5Y*: -0.53%
• 10Y*: 1.83%
• ALL TIME*: 3.98%

SMTRX

• 1D: 0.21%
• 1M: -1.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OIFIX Optimum Fixed Income Fund	$0.00	$0.00	$0.00
SMTRX ALPS/Smith Total Return Bond Fund	$0.00	$0.00	$0.00

OIFIX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
OIFIX Optimum Fixed Income Fund	-0.60%
SMTRX ALPS/Smith Total Return Bond Fund	-0.96%

Correlation

The correlation between OIFIX and SMTRX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.93

Return for Risk

OIFIX vs. SMTRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OIFIX

OIFIX Risk / Return Rank: 12
OIFIX Sharpe Ratio Rank: 13
OIFIX Sortino Ratio Rank: 12
OIFIX Omega Ratio Rank: 11
OIFIX Calmar Ratio Rank: 13
OIFIX Martin Ratio Rank: 12

SMTRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OIFIX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimum Fixed Income Fund (OIFIX) 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.

	OIFIX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	—	—
Sortino ratio: Return per unit of downside risk	0.84	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.73	—	—
Martin ratio: Return relative to average drawdown	1.86	—	—

Drawdowns

OIFIX vs. SMTRX - Drawdown Comparison

The maximum OIFIX drawdown since its inception was -19.46%, which is greater than SMTRX's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for OIFIX and SMTRX.

Drawdown Indicators

	OIFIX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-1.92%	-17.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.46%	—	—
Current Drawdown Current decline from peak	-2.82%	-1.71%	-1.11%
Average Drawdown Average peak-to-trough decline	-2.92%	-0.70%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	—	—

Volatility

Volatility by Period

	OIFIX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	3.81%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.93%	3.81%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.89%	3.81%	+1.08%

OIFIX vs. SMTRX - Expense Ratio Comparison

OIFIX has a 0.80% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

OIFIX vs. SMTRX - Dividend Comparison

OIFIX's dividend yield for the trailing twelve months is around 3.88%, more than SMTRX's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OIFIX Optimum Fixed Income Fund	3.88%	3.86%	3.97%	3.23%	3.42%	2.21%	6.88%	3.22%	2.43%	2.50%	2.17%	3.24%
SMTRX ALPS/Smith Total Return Bond Fund	1.09%	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 OIFIX and SMTRX in my portfolio?

With a correlation of 0.93, OIFIX 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.