SMRSX vs. DLDFX
SMRSX (ALPS/Smith Short Duration Bond Fund) and DLDFX (Destinations Low Duration Fixed Income Fund) are both Short-Term Bond funds. Over the past 5 years, SMRSX returned 2.21%/yr vs 3.78%/yr for DLDFX. Their 0.42 correlation means their historical movements had little consistent relationship. Both charge a 0.93% expense ratio.
Performance
SMRSX vs. DLDFX - Performance Comparison
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Returns By Period
In the year-to-date period, SMRSX achieves a 0.81% return, which is significantly lower than DLDFX's 1.66% return.
SMRSX
- 1D
- 0.00%
- 1M
- -0.06%
- 6M
- 0.61%
- YTD
- 0.81%
- 1Y
- 2.69%
- 3Y*
- 4.59%
- 5Y*
- 2.21%
- 10Y*
- —
- ALL TIME*
- 2.78%
DLDFX
- 1D
- -0.11%
- 1M
- 0.07%
- 6M
- 1.22%
- YTD
- 1.66%
- 1Y
- 4.49%
- 3Y*
- 5.55%
- 5Y*
- 3.78%
- 10Y*
- —
- ALL TIME*
- 3.48%
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 |
SMRSX vs. DLDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SMRSX ALPS/Smith Short Duration Bond Fund | 0.81% | 5.38% | 4.50% | 4.73% | -3.47% | -0.39% | 6.27% | 2.10% |
DLDFX Destinations Low Duration Fixed Income Fund | 1.66% | 4.91% | 6.09% | 7.11% | -2.59% | 5.41% | 1.52% | 1.16% |
Correlation
The correlation between SMRSX and DLDFX is 0.55, 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. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.42 |
The correlation between SMRSX and DLDFX shifts across timeframes, from 0.42 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMRSX vs. DLDFX — Risk / Return Rank
SMRSX
DLDFX
SMRSX vs. DLDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Short Duration Bond Fund (SMRSX) and Destinations Low Duration Fixed Income Fund (DLDFX). 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.
| SMRSX | DLDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.82 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 8.84 | -5.56 |
| Martin ratioReturn relative to average drawdown | 13.28 | 27.37 | -14.09 |
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Drawdowns
SMRSX vs. DLDFX - Drawdown Comparison
The maximum SMRSX drawdown since its inception was -5.62%, smaller than the maximum DLDFX drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for SMRSX and DLDFX.
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Drawdown Indicators
| SMRSX | DLDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.62% | -8.64% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -0.53% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -1.71% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -5.62% | -3.88% | -1.74% |
Current DrawdownCurrent decline from peak | -0.16% | -0.18% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -0.69% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.17% | +0.06% |
Volatility
SMRSX vs. DLDFX - Volatility Comparison
ALPS/Smith Short Duration Bond Fund (SMRSX) has a higher volatility of 0.38% compared to Destinations Low Duration Fixed Income Fund (DLDFX) at 0.35%. This indicates that SMRSX's price experiences larger fluctuations and is considered to be riskier than DLDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMRSX | DLDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.35% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 1.32% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 1.63% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.71% | 1.81% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 2.06% | -0.48% |
SMRSX vs. DLDFX - Expense Ratio Comparison
Both SMRSX and DLDFX have an expense ratio of 0.93%.
Dividends
SMRSX vs. DLDFX - Dividend Comparison
SMRSX's dividend yield for the trailing twelve months is around 3.86%, less than DLDFX's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DLDFX Destinations Low Duration Fixed Income Fund | 5.87% | 5.29% | 5.64% | 4.77% | 4.54% | 3.74% | 3.86% | 2.18% | 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
SMRSX and DLDFX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMRSX has higher volatility (0.38%) compared to DLDFX (0.35%). In terms of maximum drawdown, SMRSX dropped -5.62% vs DLDFX's -8.64%.
DLDFX currently has the higher Sharpe Ratio (2.89 vs 2.26), 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.
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