SMRSX vs. SMCVX

Last updated Apr 1, 2026

Compare and contrast key facts about ALPS/Smith Short Duration Bond Fund (SMRSX) and ALPS/Smith Credit Opportunities Fund (SMCVX).

SMRSX is managed by ALPS. It was launched on Jun 29, 2018. SMCVX is managed by ALPS. It was launched on Sep 14, 2020.

Performance

SMRSX vs. SMCVX - 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 Credit Opportunities Fund (SMCVX). The values are adjusted to include any dividend payments, if applicable.

SMRSX vs. SMCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SMRSX ALPS/Smith Short Duration Bond Fund	-0.08%	5.38%	4.50%	4.73%	-3.47%	-0.39%	0.72%
SMCVX ALPS/Smith Credit Opportunities Fund	-1.22%	5.21%	4.93%	7.29%	-12.95%	2.62%	4.69%

Returns By Period

In the year-to-date period, SMRSX achieves a -0.08% return, which is significantly higher than SMCVX's -1.22% return.

SMRSX

• 1D: 0.20%
• 1M: -0.75%
• YTD: -0.08%
• 6M: 1.00%
• 1Y: 3.66%
• 3Y*: 4.55%
• 5Y*: 2.11%
• 10Y*: —

SMCVX

• 1D: 0.33%
• 1M: -2.28%
• YTD: -1.22%
• 6M: -0.55%
• 1Y: 3.29%
• 3Y*: 4.93%
• 5Y*: 1.01%
• 10Y*: —

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

SMRSX vs. SMCVX - Expense Ratio Comparison

SMRSX has a 0.93% expense ratio, which is lower than SMCVX's 1.17% expense ratio.

SMCVX

ALPS/Smith Credit Opportunities Fund

SMRSX

ALPS/Smith Short Duration Bond Fund

Return for Risk

SMRSX vs. SMCVX — Risk / Return Rank

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

SMRSX

SMRSX Risk / Return Rank: 97
SMRSX Sharpe Ratio Rank: 96
SMRSX Sortino Ratio Rank: 97
SMRSX Omega Ratio Rank: 96
SMRSX Calmar Ratio Rank: 97
SMRSX Martin Ratio Rank: 97

SMCVX

SMCVX Risk / Return Rank: 48
SMCVX Sharpe Ratio Rank: 56
SMCVX Sortino Ratio Rank: 48
SMCVX Omega Ratio Rank: 50
SMCVX Calmar Ratio Rank: 44
SMCVX Martin Ratio Rank: 43

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. SMCVX - 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 Credit Opportunities Fund (SMCVX). 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	SMCVX	Difference
Sharpe ratio Return per unit of total volatility	2.42	1.06	+1.36
Sortino ratio Return per unit of downside risk	3.70	1.41	+2.29
Omega ratio Gain probability vs. loss probability	1.57	1.21	+0.36
Calmar ratio Return relative to maximum drawdown	4.08	1.14	+2.94
Martin ratio Return relative to average drawdown	16.52	4.44	+12.08
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. SMCVX - Sharpe Ratio Comparison

The current SMRSX Sharpe Ratio is 2.42, which is higher than the SMCVX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of SMRSX and SMCVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SMRSX	SMCVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	1.06	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.26	0.25	+1.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	0.41	+1.34

Correlation

The correlation between SMRSX and SMCVX is 0.62, 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

SMRSX vs. SMCVX - Dividend Comparison

SMRSX's dividend yield for the trailing twelve months is around 3.92%, less than SMCVX's 5.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SMRSX ALPS/Smith Short Duration Bond Fund	3.92%	3.95%	4.11%	3.50%	0.84%	0.56%	1.92%	2.86%	0.87%
SMCVX ALPS/Smith Credit Opportunities Fund	5.09%	4.74%	4.60%	4.15%	2.21%	2.40%	0.75%	0.00%	0.00%

Drawdowns

SMRSX vs. SMCVX - Drawdown Comparison

The maximum SMRSX drawdown since its inception was -5.62%, smaller than the maximum SMCVX drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for SMRSX and SMCVX.

Drawdown Indicators

	SMRSX	SMCVX	Difference
Max Drawdown Largest peak-to-trough decline	-5.62%	-16.11%	+10.49%
Max Drawdown (1Y) Largest decline over 1 year	-0.95%	-2.94%	+1.99%
Max Drawdown (5Y) Largest decline over 5 years	-5.62%	-16.11%	+10.49%
Current Drawdown Current decline from peak	-0.75%	-2.39%	+1.64%
Average Drawdown Average peak-to-trough decline	-0.87%	-5.14%	+4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	0.76%	-0.53%

Volatility

SMRSX vs. SMCVX - Volatility Comparison

The current volatility for ALPS/Smith Short Duration Bond Fund (SMRSX) is 0.63%, while ALPS/Smith Credit Opportunities Fund (SMCVX) has a volatility of 1.49%. This indicates that SMRSX experiences smaller price fluctuations and is considered to be less risky than SMCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMRSX	SMCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	1.49%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	0.96%	1.98%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	1.52%	3.24%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.68%	4.13%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.59%	4.04%	-2.45%