SMCVX vs. SMRSX
SMCVX (ALPS/Smith Credit Opportunities Fund) and SMRSX (ALPS/Smith Short Duration Bond Fund) are both mutual funds - SMCVX is a Multisector Bonds fund managed by ALPS, while SMRSX is a Short-Term Bond fund managed by ALPS. Over the past 5 years, SMCVX returned 0.84%/yr vs 2.23%/yr for SMRSX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. SMCVX charges 1.17%/yr vs 0.93%/yr for SMRSX.
Performance
SMCVX vs. SMRSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMCVX achieves a 0.96% return, which is significantly higher than SMRSX's 0.91% return.
SMCVX
- 1D
- 0.22%
- 1M
- -0.43%
- 6M
- 0.79%
- YTD
- 0.96%
- 1Y
- 3.52%
- 3Y*
- 5.32%
- 5Y*
- 0.84%
- 10Y*
- —
- ALL TIME*
- 1.95%
SMRSX
- 1D
- 0.10%
- 1M
- 0.03%
- 6M
- 0.71%
- YTD
- 0.91%
- 1Y
- 2.79%
- 3Y*
- 4.59%
- 5Y*
- 2.23%
- 10Y*
- —
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SMCVX vs. SMRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMCVX ALPS/Smith Credit Opportunities Fund | 0.96% | 5.21% | 4.93% | 7.29% | -12.95% | 2.62% | 4.69% |
SMRSX ALPS/Smith Short Duration Bond Fund | 0.91% | 5.38% | 4.50% | 4.73% | -3.47% | -0.39% | 0.72% |
Correlation
The correlation between SMCVX and SMRSX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2020 | 0.63 |
The correlation between SMCVX and SMRSX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMCVX vs. SMRSX — Risk / Return Rank
SMCVX
SMRSX
SMCVX vs. SMRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Credit Opportunities Fund (SMCVX) and ALPS/Smith Short Duration Bond Fund (SMRSX). 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.
| SMCVX | SMRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.96 | -1.57 |
| Martin ratioReturn relative to average drawdown | 6.21 | 12.00 | -5.78 |
Loading charts...
Drawdowns
SMCVX vs. SMRSX - Drawdown Comparison
The maximum SMCVX drawdown since its inception was -16.11%, which is greater than SMRSX's maximum drawdown of -5.62%. Use the drawdown chart below to compare losses from any high point for SMCVX and SMRSX.
Loading charts...
Drawdown Indicators
| SMCVX | SMRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -5.62% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -0.95% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.71% | -0.95% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -5.62% | -10.49% |
Current DrawdownCurrent decline from peak | -0.53% | -0.06% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -0.84% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.23% | +0.37% |
Volatility
SMCVX vs. SMRSX - Volatility Comparison
ALPS/Smith Credit Opportunities Fund (SMCVX) has a higher volatility of 0.65% compared to ALPS/Smith Short Duration Bond Fund (SMRSX) at 0.38%. This indicates that SMCVX's price experiences larger fluctuations and is considered to be riskier than SMRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMCVX | SMRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.38% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 1.10% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 1.32% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 1.71% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.99% | 1.58% | +2.41% |
SMCVX vs. SMRSX - Expense Ratio Comparison
SMCVX has a 1.17% expense ratio, which is higher than SMRSX's 0.93% expense ratio.
Dividends
SMCVX vs. SMRSX - Dividend Comparison
SMCVX's dividend yield for the trailing twelve months is around 4.85%, more than SMRSX's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SMCVX ALPS/Smith Credit Opportunities Fund | 4.85% | 4.74% | 4.60% | 4.15% | 2.21% | 2.40% | 0.75% | 0.00% | 0.00% |
SMRSX ALPS/Smith Short Duration Bond Fund | 3.86% | 3.95% | 4.11% | 3.50% | 0.84% | 0.56% | 1.92% | 2.86% | 0.87% |
Frequently Asked Questions
SMCVX and SMRSX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCVX has higher volatility (0.65%) compared to SMRSX (0.38%). In terms of maximum drawdown, SMCVX dropped -16.11% vs SMRSX's -5.62%.
SMRSX currently has the higher Sharpe Ratio (2.12 vs 1.32), 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.
Find the right allocation for SMCVX and SMRSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer