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SMCVX vs. SMTRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SMCVX vs. SMTRX - Performance Comparison

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

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Returns By Period


SMCVX

1D
-0.11%
1M
0.36%
YTD
0.97%
6M
0.76%
1Y
5.65%
3Y*
5.74%
5Y*
1.08%
10Y*

SMTRX

1D
-0.10%
1M
YTD
6M
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMCVX vs. SMTRX - Yearly Performance Comparison


Correlation

The correlation between SMCVX and SMTRX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.


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

1.00

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Return for Risk

SMCVX vs. SMTRX — Risk / Return Rank

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

SMCVX
SMCVX Risk / Return Rank: 4444
Overall Rank
SMCVX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
SMCVX Sortino Ratio Rank: 4343
Sortino Ratio Rank
SMCVX Omega Ratio Rank: 5050
Omega Ratio Rank
SMCVX Calmar Ratio Rank: 3434
Calmar Ratio Rank
SMCVX Martin Ratio Rank: 5050
Martin Ratio Rank

SMTRX
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.

SMCVX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Credit Opportunities Fund (SMCVX) 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.


SMCVXSMTRXDifference

Sharpe ratio

Return per unit of total volatility

1.93

Sortino ratio

Return per unit of downside risk

2.76

Omega ratio

Gain probability vs. loss probability

1.39

Calmar ratio

Return relative to maximum drawdown

2.22

Martin ratio

Return relative to average drawdown

10.30

SMCVX vs. SMTRX - Sharpe Ratio Comparison


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Sharpe Ratios by Period


SMCVXSMTRXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.00

+0.50

Drawdowns

SMCVX vs. SMTRX - Drawdown Comparison

The maximum SMCVX drawdown since its inception was -16.11%, which is greater than SMTRX's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for SMCVX and SMTRX.


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Drawdown Indicators


SMCVXSMTRXDifference

Max Drawdown

Largest peak-to-trough decline

-16.11%

-0.10%

-16.01%

Max Drawdown (1Y)

Largest decline over 1 year

-2.71%

Max Drawdown (3Y)

Largest decline over 3 years

-3.73%

Max Drawdown (5Y)

Largest decline over 5 years

-16.11%

Current Drawdown

Current decline from peak

-0.22%

-0.10%

-0.12%

Average Drawdown

Average peak-to-trough decline

-5.00%

-0.05%

-4.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.58%

Volatility

SMCVX vs. SMTRX - Volatility Comparison


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Volatility by Period


SMCVXSMTRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.04%

Volatility (6M)

Calculated over the trailing 6-month period

2.32%

Volatility (1Y)

Calculated over the trailing 1-year period

2.89%

2.33%

+0.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.16%

2.33%

+1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.03%

2.33%

+1.70%

SMCVX vs. SMTRX - Expense Ratio Comparison

SMCVX has a 1.17% expense ratio, which is higher than SMTRX's 0.99% expense ratio.


Dividends

SMCVX vs. SMTRX - Dividend Comparison

SMCVX's dividend yield for the trailing twelve months is around 4.98%, more than SMTRX's 0.36% yield.


PositionTTM202520242023202220212020
SMCVX
ALPS/Smith Credit Opportunities Fund
4.98%4.74%4.60%4.15%2.21%2.40%0.75%
SMTRX
ALPS/Smith Total Return Bond Fund
0.36%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


With a correlation of 1.00, SMCVX and SMTRX 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.

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