RCS vs. SMTRX

Last updated Jun 4, 2026

RCS (PIMCO Strategic Income Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. At a correlation of -0.11, they often move in opposite directions.

Performance

RCS vs. SMTRX - Performance Comparison

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

Returns By Period

RCS

• 1D: -0.91%
• 1M: 0.53%
• YTD: 1.35%
• 6M: -13.45%
• 1Y: -11.19%
• 3Y*: 11.44%
• 5Y*: 2.25%
• 10Y*: 3.51%

SMTRX

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

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

RCS vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
RCS PIMCO Strategic Income Fund	1.49%
SMTRX ALPS/Smith Total Return Bond Fund	0.10%

Correlation

The correlation between RCS and SMTRX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.11

Return for Risk

RCS vs. SMTRX — Risk / Return Rank

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

RCS

RCS Risk / Return Rank: 1
RCS Sharpe Ratio Rank: 1
RCS Sortino Ratio Rank: 1
RCS Omega Ratio Rank: 1
RCS Calmar Ratio Rank: 1
RCS Martin Ratio Rank: 2

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.

RCS vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) 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.

	RCS	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	—	—
Sortino ratio: Return per unit of downside risk	-0.51	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.34	—	—
Martin ratio: Return relative to average drawdown	-0.61	—	—
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

	RCS	SMTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	5.86	-5.58

Drawdowns

RCS vs. SMTRX - Drawdown Comparison

The maximum RCS drawdown since its inception was -46.69%, which is greater than SMTRX's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for RCS and SMTRX.

Drawdown Indicators

	RCS	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-46.69%	-0.10%	-46.59%
Max Drawdown (1Y) Largest decline over 1 year	-32.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.69%	—	—
Current Drawdown Current decline from peak	-27.70%	0.00%	-27.70%
Average Drawdown Average peak-to-trough decline	-9.38%	-0.03%	-9.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.48%	—	—

Volatility

Volatility by Period

	RCS	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.98%	1.90%	+22.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.24%	1.90%	+23.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.83%	1.90%	+23.93%

Dividends

RCS vs. SMTRX - Dividend Comparison

RCS's dividend yield for the trailing twelve months is around 8.81%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RCS PIMCO Strategic Income Fund	8.81%	8.62%	8.03%	10.07%	12.39%	9.01%	9.57%	8.44%	8.93%	9.50%	10.92%	11.17%
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 RCS and SMTRX in my portfolio?

RCS and SMTRX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.