RLIIX vs. SMTRX

Last updated Jun 24, 2026

RLIIX (RiverFront Asset Allocation Growth & Income) and SMTRX (ALPS/Smith Total Return Bond Fund) are both mutual funds - RLIIX is a Diversified Portfolio fund managed by ALPS, while SMTRX is a Intermediate Core-Plus Bond fund managed by ALPS. A 0.72 correlation means they provide meaningful diversification when combined. RLIIX charges 0.25%/yr vs 0.99%/yr for SMTRX.

Performance

RLIIX vs. SMTRX - Performance Comparison

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

Returns By Period

RLIIX

• 1D: 0.00%
• 1M: 0.63%
• YTD: 7.49%
• 6M: 6.95%
• 1Y: 19.25%
• 3Y*: 12.49%
• 5Y*: 6.14%
• 10Y*: 7.42%

SMTRX

• 1D: -0.31%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RLIIX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
RLIIX RiverFront Asset Allocation Growth & Income	0.25%
SMTRX ALPS/Smith Total Return Bond Fund	0.00%

Correlation

The correlation between RLIIX and SMTRX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.72

Return for Risk

RLIIX vs. SMTRX — Risk / Return Rank

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

RLIIX

RLIIX Risk / Return Rank: 70
RLIIX Sharpe Ratio Rank: 69
RLIIX Sortino Ratio Rank: 67
RLIIX Omega Ratio Rank: 66
RLIIX Calmar Ratio Rank: 72
RLIIX Martin Ratio Rank: 77

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.

RLIIX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverFront Asset Allocation Growth & Income (RLIIX) 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.

	RLIIX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	3.12	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.13	—	—
Martin ratio: Return relative to average drawdown	13.47	—	—

Drawdowns

RLIIX vs. SMTRX - Drawdown Comparison

The maximum RLIIX drawdown since its inception was -27.35%, which is greater than SMTRX's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for RLIIX and SMTRX.

Drawdown Indicators

	RLIIX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-27.35%	-0.62%	-26.73%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.35%	—	—
Current Drawdown Current decline from peak	-0.69%	-0.31%	-0.38%
Average Drawdown Average peak-to-trough decline	-4.59%	-0.18%	-4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	—	—

Volatility

Volatility by Period

	RLIIX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.01%	3.64%	+5.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.84%	3.64%	+7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.04%	3.64%	+8.40%

RLIIX vs. SMTRX - Expense Ratio Comparison

RLIIX has a 0.25% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

RLIIX vs. SMTRX - Dividend Comparison

RLIIX's dividend yield for the trailing twelve months is around 5.79%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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 RLIIX and SMTRX in my portfolio?

RLIIX and SMTRX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.