SMRSX vs. ALIBX

Last updated Jun 4, 2026

SMRSX (ALPS/Smith Short Duration Bond Fund) and ALIBX (ALPS/Smith Balanced Opportunity Fund) are both mutual funds - SMRSX is a Short-Term Bond fund managed by ALPS, while ALIBX is a Diversified Portfolio fund managed by ALPS. Over the past 5 years, SMRSX returned 2.19%/yr vs 7.55%/yr for ALIBX. At a 0.27 correlation, their price movements are largely independent. SMRSX charges 0.93%/yr vs 1.12%/yr for ALIBX.

Performance

SMRSX vs. ALIBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Short Duration Bond Fund (SMRSX) 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, SMRSX achieves a 0.65% return, which is significantly lower than ALIBX's 7.75% return.

SMRSX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 0.65%
• 6M: 0.90%
• 1Y: 3.72%
• 3Y*: 4.72%
• 5Y*: 2.19%
• 10Y*: —

ALIBX

• 1D: 0.07%
• 1M: 2.87%
• YTD: 7.75%
• 6M: 7.85%
• 1Y: 21.06%
• 3Y*: 14.56%
• 5Y*: 7.55%
• 10Y*: —

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

SMRSX vs. ALIBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SMRSX ALPS/Smith Short Duration Bond Fund	0.65%	5.38%	4.50%	4.73%	-3.47%	-0.39%	0.81%
ALIBX ALPS/Smith Balanced Opportunity Fund	7.75%	12.89%	14.89%	16.01%	-16.24%	15.50%	8.25%

Correlation

The correlation between SMRSX and ALIBX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 7, 2020	0.27

Return for Risk

SMRSX vs. ALIBX — Risk / Return Rank

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

SMRSX

SMRSX Risk / Return Rank: 87
SMRSX Sharpe Ratio Rank: 84
SMRSX Sortino Ratio Rank: 89
SMRSX Omega Ratio Rank: 90
SMRSX Calmar Ratio Rank: 84
SMRSX Martin Ratio Rank: 86

ALIBX

ALIBX Risk / Return Rank: 67
ALIBX Sharpe Ratio Rank: 69
ALIBX Sortino Ratio Rank: 70
ALIBX Omega Ratio Rank: 64
ALIBX Calmar Ratio Rank: 62
ALIBX Martin Ratio Rank: 72

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.

SMRSX vs. ALIBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Short Duration Bond Fund (SMRSX) 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.

	SMRSX	ALIBX	Difference
Sharpe ratio Return per unit of total volatility	2.74	2.43	+0.31
Sortino ratio Return per unit of downside risk	4.36	3.50	+0.87
Omega ratio Gain probability vs. loss probability	1.67	1.45	+0.22
Calmar ratio Return relative to maximum drawdown	3.94	3.02	+0.92
Martin ratio Return relative to average drawdown	16.35	13.77	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMRSX vs. ALIBX - Sharpe Ratio Comparison

The current SMRSX Sharpe Ratio is 2.74, which is comparable to the ALIBX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of SMRSX 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.

Sharpe Ratios by Period

	SMRSX	ALIBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.43	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.30	0.68	+0.62
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.90	+0.88

Drawdowns

SMRSX vs. ALIBX - Drawdown Comparison

The maximum SMRSX drawdown since its inception was -5.62%, smaller than the maximum ALIBX drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for SMRSX and ALIBX.

Drawdown Indicators

	SMRSX	ALIBX	Difference
Max Drawdown Largest peak-to-trough decline	-5.62%	-20.38%	+14.76%
Max Drawdown (1Y) Largest decline over 1 year	-0.95%	-7.13%	+6.18%
Max Drawdown (3Y) Largest decline over 3 years	-0.95%	-12.65%	+11.70%
Max Drawdown (5Y) Largest decline over 5 years	-5.62%	-20.38%	+14.76%
Current Drawdown Current decline from peak	-0.03%	-0.44%	+0.41%
Average Drawdown Average peak-to-trough decline	-0.86%	-4.75%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	1.56%	-1.33%

Volatility

SMRSX vs. ALIBX - Volatility Comparison

The current volatility for ALPS/Smith Short Duration Bond Fund (SMRSX) is 0.45%, while ALPS/Smith Balanced Opportunity Fund (ALIBX) has a volatility of 2.69%. This indicates that SMRSX experiences smaller price fluctuations and is considered to be less risky than ALIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMRSX	ALIBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.45%	2.69%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	1.01%	7.10%	-6.09%
Volatility (1Y) Calculated over the trailing 1-year period	1.36%	8.86%	-7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.69%	11.17%	-9.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.59%	11.01%	-9.42%

SMRSX vs. ALIBX - Expense Ratio Comparison

SMRSX has a 0.93% expense ratio, which is lower than ALIBX's 1.12% expense ratio.

Dividends

SMRSX vs. ALIBX - Dividend Comparison

SMRSX's dividend yield for the trailing twelve months is around 3.87%, less than ALIBX's 8.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ALIBX ALPS/Smith Balanced Opportunity Fund	8.45%	9.14%	10.61%	1.37%	1.08%	0.56%	0.12%	0.00%	0.00%
SMRSX ALPS/Smith Short Duration Bond Fund	3.87%	3.95%	4.11%	3.50%	0.84%	0.56%	1.92%	2.86%	0.87%

Frequently Asked Questions

Can I hold both SMRSX and ALIBX in my portfolio?

SMRSX and ALIBX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMRSX or ALIBX?

ALIBX has higher volatility (2.69%) compared to SMRSX (0.45%). In terms of maximum drawdown, SMRSX dropped -5.62% vs ALIBX's -20.38%.

Which has better risk-adjusted returns?

SMRSX currently has the higher Sharpe Ratio (2.74 vs 2.43), 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.