SMRSX vs. SMTRX

Last updated Aug 5, 2026

SMRSX (ALPS/Smith Short Duration Bond Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both mutual funds - SMRSX is a Short-Term Bond fund managed by ALPS, while SMTRX is a Intermediate Core-Plus Bond fund managed by ALPS. Their 0.78 correlation means they have sometimes moved together and sometimes differently. SMRSX charges 0.93%/yr vs 0.99%/yr for SMTRX.

Performance

SMRSX vs. SMTRX - 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 Total Return Bond Fund (SMTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

SMTRX

• 1D: 0.21%
• 1M: -1.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SMRSX ALPS/Smith Short Duration Bond Fund	$0.00	$0.00	$0.00
SMTRX ALPS/Smith Total Return Bond Fund	$0.00	$0.00	$0.00

SMRSX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
SMRSX ALPS/Smith Short Duration Bond Fund	0.38%
SMTRX ALPS/Smith Total Return Bond Fund	-0.96%

Correlation

The correlation between SMRSX and SMTRX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.78

Return for Risk

SMRSX vs. SMTRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMRSX

SMRSX Risk / Return Rank: 85
SMRSX Sharpe Ratio Rank: 83
SMRSX Sortino Ratio Rank: 85
SMRSX Omega Ratio Rank: 91
SMRSX Calmar Ratio Rank: 80
SMRSX Martin Ratio Rank: 84

SMTRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMRSX vs. SMTRX - 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 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.

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	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	2.96	—	—
Martin ratio: Return relative to average drawdown	12.00	—	—

Drawdowns

SMRSX vs. SMTRX - Drawdown Comparison

The maximum SMRSX drawdown since its inception was -5.62%, which is greater than SMTRX's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for SMRSX and SMTRX.

Drawdown Indicators

	SMRSX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-5.62%	-1.92%	-3.70%
Max Drawdown (1Y) Largest decline over 1 year	-0.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.62%	—	—
Current Drawdown Current decline from peak	-0.06%	-1.71%	+1.65%
Average Drawdown Average peak-to-trough decline	-0.84%	-0.70%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	SMRSX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.32%	3.81%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.71%	3.81%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	3.81%	-2.23%

SMRSX vs. SMTRX - Expense Ratio Comparison

SMRSX has a 0.93% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

SMRSX vs. SMTRX - Dividend Comparison

SMRSX's dividend yield for the trailing twelve months is around 3.86%, more than SMTRX's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
SMTRX ALPS/Smith Total Return Bond Fund	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMRSX and SMTRX in my portfolio?

SMRSX and SMTRX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.