SMTH vs. BOND
Compare and contrast key facts about ALPS Smith Core Plus Bond ETF (SMTH) and PIMCO Active Bond ETF (BOND).
SMTH and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMTH is an actively managed fund by ALPS. It was launched on Dec 5, 2023. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMTH or BOND.
Key characteristics
| SMTH | BOND | |
|---|---|---|
| YTD Return | 3.42% | 3.55% |
| Daily Std Dev | 5.04% | 5.68% |
| Max Drawdown | -3.02% | -19.71% |
| Current Drawdown | -2.27% | -6.40% |
Correlation
The correlation between SMTH and BOND is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMTH vs. BOND - Performance Comparison
The year-to-date returns for both investments are quite close, with SMTH having a 3.42% return and BOND slightly higher at 3.55%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMTH vs. BOND - Expense Ratio Comparison
SMTH has a 0.59% expense ratio, which is higher than BOND's 0.57% expense ratio.
Risk-Adjusted Performance
SMTH vs. BOND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Smith Core Plus Bond ETF (SMTH) and PIMCO Active Bond ETF (BOND). 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.
Not enough dataDividends
SMTH vs. BOND - Dividend Comparison
SMTH's dividend yield for the trailing twelve months is around 3.89%, less than BOND's 5.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMTH ALPS Smith Core Plus Bond ETF | 3.89% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BOND PIMCO Active Bond ETF | 5.54% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
Drawdowns
SMTH vs. BOND - Drawdown Comparison
The maximum SMTH drawdown since its inception was -3.02%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for SMTH and BOND. For additional features, visit the drawdowns tool.
Volatility
SMTH vs. BOND - Volatility Comparison
The current volatility for ALPS Smith Core Plus Bond ETF (SMTH) is 1.32%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.55%. This indicates that SMTH experiences smaller price fluctuations and is considered to be less risky than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.