SMRSX vs. SMTRX

Last updated Jun 25, 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 correlation of 0.90 suggests significant overlap in exposure. 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: 0.32%
• YTD: 0.65%
• 6M: 0.75%
• 1Y: 3.21%
• 3Y*: 4.72%
• 5Y*: 2.21%
• 10Y*: —

SMTRX

• 1D: 0.10%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMRSX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
SMRSX ALPS/Smith Short Duration Bond Fund	0.13%
SMTRX ALPS/Smith Total Return Bond Fund	0.10%

Correlation

The correlation between SMRSX and SMTRX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.90

Return for Risk

SMRSX vs. SMTRX — 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: 85
SMRSX Sortino Ratio Rank: 88
SMRSX Omega Ratio Rank: 89
SMRSX Calmar Ratio Rank: 84
SMRSX Martin Ratio Rank: 87

SMTRX

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

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. 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	2.42	—	—
Sortino ratio: Return per unit of downside risk	3.80	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	3.52	—	—
Martin ratio: Return relative to average drawdown	14.54	—	—

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 -0.62%. 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%	-0.62%	-5.00%
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	-0.10%	-0.21%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.85%	-0.18%	-0.67%
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	0.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.38%	3.56%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.70%	3.56%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.59%	3.56%	-1.97%

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 3.87%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
SMTRX ALPS/Smith Total Return Bond Fund	0.36%	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?

With a correlation of 0.90, SMRSX 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.