SMCVX vs. AVPEX
Compare and contrast key facts about ALPS/Smith Credit Opportunities Fund (SMCVX) and ALPS/Red Rocks Global Opportunity Portfolio (AVPEX).
SMCVX is managed by ALPS. It was launched on Sep 14, 2020. AVPEX is managed by ALPS. It was launched on Oct 23, 2014.
Performance
SMCVX vs. AVPEX - Performance Comparison
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SMCVX vs. AVPEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMCVX ALPS/Smith Credit Opportunities Fund | -1.22% | 5.21% | 4.93% | 7.29% | -12.95% | 2.62% | 4.69% |
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | -17.85% | 1.46% | 18.06% | 28.80% | -28.96% | 24.03% | 14.72% |
Returns By Period
In the year-to-date period, SMCVX achieves a -1.22% return, which is significantly higher than AVPEX's -17.85% return.
SMCVX
- 1D
- 0.33%
- 1M
- -2.28%
- YTD
- -1.22%
- 6M
- -0.55%
- 1Y
- 3.29%
- 3Y*
- 4.93%
- 5Y*
- 1.01%
- 10Y*
- —
AVPEX
- 1D
- 0.59%
- 1M
- -8.54%
- YTD
- -17.85%
- 6M
- -18.80%
- 1Y
- -13.46%
- 3Y*
- 6.74%
- 5Y*
- 1.56%
- 10Y*
- 7.48%
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SMCVX vs. AVPEX - Expense Ratio Comparison
SMCVX has a 1.17% expense ratio, which is lower than AVPEX's 1.45% expense ratio.
Return for Risk
SMCVX vs. AVPEX — Risk / Return Rank
SMCVX
AVPEX
SMCVX vs. AVPEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Credit Opportunities Fund (SMCVX) and ALPS/Red Rocks Global Opportunity Portfolio (AVPEX). 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.
| SMCVX | AVPEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | -0.68 | +1.74 |
Sortino ratioReturn per unit of downside risk | 1.41 | -0.82 | +2.23 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.89 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | -0.68 | +1.82 |
Martin ratioReturn relative to average drawdown | 4.44 | -2.02 | +6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMCVX | AVPEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | -0.68 | +1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.08 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.38 | +0.04 |
Correlation
The correlation between SMCVX and AVPEX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMCVX vs. AVPEX - Dividend Comparison
SMCVX's dividend yield for the trailing twelve months is around 5.09%, less than AVPEX's 10.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCVX ALPS/Smith Credit Opportunities Fund | 5.09% | 4.74% | 4.60% | 4.15% | 2.21% | 2.40% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | 10.35% | 8.50% | 8.83% | 0.00% | 31.03% | 4.24% | 13.52% | 3.02% | 6.79% | 2.33% | 0.75% | 0.11% |
Drawdowns
SMCVX vs. AVPEX - Drawdown Comparison
The maximum SMCVX drawdown since its inception was -16.11%, smaller than the maximum AVPEX drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SMCVX and AVPEX.
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Drawdown Indicators
| SMCVX | AVPEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -46.42% | +30.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -22.41% | +19.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -37.50% | +21.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -2.39% | -21.95% | +19.56% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -8.52% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 7.54% | -6.78% |
Volatility
SMCVX vs. AVPEX - Volatility Comparison
The current volatility for ALPS/Smith Credit Opportunities Fund (SMCVX) is 1.49%, while ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) has a volatility of 5.97%. This indicates that SMCVX experiences smaller price fluctuations and is considered to be less risky than AVPEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCVX | AVPEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 5.97% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 13.47% | -11.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 20.62% | -17.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 18.62% | -14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 18.93% | -14.89% |