RLIIX vs. ALIBX

Last updated Jun 23, 2026

RLIIX (RiverFront Asset Allocation Growth & Income) and ALIBX (ALPS/Smith Balanced Opportunity Fund) are both Diversified Portfolio funds from ALPS. Over the past 5 years, RLIIX returned 6.30%/yr vs 7.89%/yr for ALIBX. Their correlation of 0.94 suggests significant overlap in exposure. RLIIX charges 0.25%/yr vs 1.12%/yr for ALIBX.

Performance

RLIIX vs. ALIBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverFront Asset Allocation Growth & Income (RLIIX) and ALPS/Smith Balanced Opportunity Fund (ALIBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RLIIX achieves a 7.49% return, which is significantly lower than ALIBX's 8.47% return.

RLIIX

• 1D: 0.44%
• 1M: 0.63%
• YTD: 7.49%
• 6M: 7.36%
• 1Y: 20.01%
• 3Y*: 11.89%
• 5Y*: 6.30%
• 10Y*: 7.17%

ALIBX

• 1D: 0.66%
• 1M: 1.63%
• YTD: 8.47%
• 6M: 8.35%
• 1Y: 21.86%
• 3Y*: 14.26%
• 5Y*: 7.89%
• 10Y*: —

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

RLIIX vs. ALIBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RLIIX RiverFront Asset Allocation Growth & Income	7.49%	13.74%	8.77%	13.37%	-14.99%	13.57%	7.41%
ALIBX ALPS/Smith Balanced Opportunity Fund	8.47%	12.89%	14.89%	16.01%	-16.24%	15.50%	8.25%

Correlation

The correlation between RLIIX and ALIBX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020	0.94

The correlation between RLIIX and ALIBX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

RLIIX vs. ALIBX — Risk / Return Rank

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

RLIIX

RLIIX Risk / Return Rank: 68
RLIIX Sharpe Ratio Rank: 67
RLIIX Sortino Ratio Rank: 65
RLIIX Omega Ratio Rank: 64
RLIIX Calmar Ratio Rank: 70
RLIIX Martin Ratio Rank: 75

ALIBX

ALIBX Risk / Return Rank: 74
ALIBX Sharpe Ratio Rank: 75
ALIBX Sortino Ratio Rank: 75
ALIBX Omega Ratio Rank: 70
ALIBX Calmar Ratio Rank: 69
ALIBX Martin Ratio Rank: 79

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.

RLIIX vs. ALIBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverFront Asset Allocation Growth & Income (RLIIX) and ALPS/Smith Balanced Opportunity Fund (ALIBX). 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.

	RLIIX	ALIBX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.32	-0.13
Sortino ratio: Return per unit of downside risk	3.07	3.30	-0.23
Omega ratio: Gain probability vs. loss probability	1.40	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	3.07	3.04	+0.04
Martin ratio: Return relative to average drawdown	13.25	13.71	-0.46

RLIIX vs. ALIBX - Sharpe Ratio Comparison

The current RLIIX Sharpe Ratio is 2.20, which is comparable to the ALIBX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of RLIIX and ALIBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RLIIX vs. ALIBX - Drawdown Comparison

The maximum RLIIX drawdown since its inception was -27.35%, which is greater than ALIBX's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for RLIIX and ALIBX.

Drawdown Indicators

	RLIIX	ALIBX	Difference
Max Drawdown Largest peak-to-trough decline	-27.35%	-20.38%	-6.97%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-7.13%	+0.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.90%	-12.65%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-21.19%	-20.38%	-0.81%
Max Drawdown (10Y) Largest decline over 10 years	-27.35%	—	—
Current Drawdown Current decline from peak	-0.69%	-0.37%	-0.32%
Average Drawdown Average peak-to-trough decline	-4.59%	-4.72%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	1.57%	-0.08%

Volatility

RLIIX vs. ALIBX - Volatility Comparison

RiverFront Asset Allocation Growth & Income (RLIIX) and ALPS/Smith Balanced Opportunity Fund (ALIBX) have volatilities of 3.41% and 3.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RLIIX	ALIBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	3.53%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	7.58%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	9.00%	9.32%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	11.24%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.04%	11.04%	+1.00%

RLIIX vs. ALIBX - Expense Ratio Comparison

RLIIX has a 0.25% expense ratio, which is lower than ALIBX's 1.12% expense ratio.

Dividends

RLIIX vs. ALIBX - Dividend Comparison

RLIIX's dividend yield for the trailing twelve months is around 5.79%, less than ALIBX's 8.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALIBX ALPS/Smith Balanced Opportunity Fund	8.39%	9.14%	10.61%	1.37%	1.08%	0.56%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%
RLIIX RiverFront Asset Allocation Growth & Income	5.79%	6.23%	1.29%	2.29%	6.66%	1.40%	1.42%	2.07%	18.88%	1.37%	1.66%	3.72%

Frequently Asked Questions

Can I hold both RLIIX and ALIBX in my portfolio?

With a correlation of 0.93, RLIIX and ALIBX 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.

Which is riskier, RLIIX or ALIBX?

ALIBX has higher volatility (3.53%) compared to RLIIX (3.41%). In terms of maximum drawdown, RLIIX dropped -27.35% vs ALIBX's -20.38%.

Which has better risk-adjusted returns?

ALIBX currently has the higher Sharpe Ratio (2.32 vs 2.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.