PLIIX vs. SMTRX

Last updated Jun 25, 2026

PLIIX (Pacific Funds Core Income) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. With a 0.97 correlation, they move nearly in lockstep. PLIIX charges 0.55%/yr vs 0.99%/yr for SMTRX.

Performance

PLIIX vs. SMTRX - Performance Comparison

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

Returns By Period

PLIIX

• 1D: 0.10%
• 1M: 0.71%
• YTD: 0.60%
• 6M: 0.46%
• 1Y: 4.54%
• 3Y*: 4.98%
• 5Y*: 1.20%
• 10Y*: 2.83%

SMTRX

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

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

PLIIX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
PLIIX Pacific Funds Core Income	0.29%
SMTRX ALPS/Smith Total Return Bond Fund	0.10%

Correlation

The correlation between PLIIX and SMTRX is 0.97 - 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 28, 2026	0.97

Return for Risk

PLIIX vs. SMTRX — Risk / Return Rank

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

PLIIX

PLIIX Risk / Return Rank: 30
PLIIX Sharpe Ratio Rank: 29
PLIIX Sortino Ratio Rank: 32
PLIIX Omega Ratio Rank: 28
PLIIX Calmar Ratio Rank: 32
PLIIX Martin Ratio Rank: 29

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.

PLIIX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Core Income (PLIIX) 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.

	PLIIX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	—	—
Sortino ratio: Return per unit of downside risk	2.07	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.92	—	—
Martin ratio: Return relative to average drawdown	6.04	—	—

Drawdowns

PLIIX vs. SMTRX - Drawdown Comparison

The maximum PLIIX drawdown since its inception was -16.99%, which is greater than SMTRX's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for PLIIX and SMTRX.

Drawdown Indicators

	PLIIX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-16.99%	-0.62%	-16.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.99%	—	—
Current Drawdown Current decline from peak	-0.82%	-0.21%	-0.61%
Average Drawdown Average peak-to-trough decline	-2.31%	-0.18%	-2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	—	—

Volatility

Volatility by Period

	PLIIX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	3.56%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.23%	3.56%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.54%	3.56%	+0.98%

PLIIX vs. SMTRX - Expense Ratio Comparison

PLIIX has a 0.55% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

PLIIX vs. SMTRX - Dividend Comparison

PLIIX's dividend yield for the trailing twelve months is around 4.80%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLIIX Pacific Funds Core Income	4.80%	4.81%	4.94%	4.27%	3.32%	4.29%	3.04%	3.07%	3.50%	2.90%	2.96%	3.32%
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 PLIIX and SMTRX in my portfolio?

With a correlation of 0.97, PLIIX 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.