SMTH vs. DODIX
SMTH (ALPS Smith Core Plus Bond ETF) and DODIX (Dodge & Cox Income Fund) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, SMTH returned 1.79% vs 2.62% for DODIX. Their correlation of 0.90 means they have usually moved in the same direction. SMTH charges 0.59%/yr vs 0.41%/yr for DODIX.
Performance
SMTH vs. DODIX - Performance Comparison
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Returns By Period
In the year-to-date period, SMTH achieves a -0.55% return, which is significantly lower than DODIX's -0.46% return.
SMTH
- 1D
- -0.19%
- 1M
- -1.35%
- 6M
- -0.70%
- YTD
- -0.55%
- 1Y
- 1.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.84%
DODIX
- 1D
- 0.00%
- 1M
- -1.18%
- 6M
- -0.77%
- YTD
- -0.46%
- 1Y
- 2.62%
- 3Y*
- 4.70%
- 5Y*
- 0.78%
- 10Y*
- 2.63%
- ALL TIME*
- 5.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $9.08M | $9.58M | $10.09M |
SMTH vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMTH ALPS Smith Core Plus Bond ETF | -0.55% | 6.86% | 2.76% | 3.80% |
DODIX Dodge & Cox Income Fund | -0.46% | 8.32% | 2.25% | 2.82% |
Correlation
The correlation between SMTH and DODIX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023 | 0.90 |
The correlation between SMTH and DODIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
SMTH vs. DODIX — Risk / Return Rank
SMTH
DODIX
SMTH vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Smith Core Plus Bond ETF (SMTH) and Dodge & Cox Income Fund (DODIX). 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.
| SMTH | DODIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.11 | -0.20 |
| Martin ratioReturn relative to average drawdown | 2.35 | 2.77 | -0.42 |
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Drawdowns
SMTH vs. DODIX - Drawdown Comparison
The maximum SMTH drawdown since its inception was -4.11%, smaller than the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for SMTH and DODIX.
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Drawdown Indicators
| SMTH | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.11% | -16.89% | +12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -3.17% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.89% | — |
Current DrawdownCurrent decline from peak | -2.28% | -2.58% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -1.50% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.27% | -0.20% |
Volatility
SMTH vs. DODIX - Volatility Comparison
The current volatility for ALPS Smith Core Plus Bond ETF (SMTH) is 0.94%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.10%. This indicates that SMTH experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMTH | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.10% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 3.20% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 4.08% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 5.59% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 4.47% | +0.07% |
SMTH vs. DODIX - Expense Ratio Comparison
SMTH has a 0.59% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Dividends
SMTH vs. DODIX - Dividend Comparison
SMTH's dividend yield for the trailing twelve months is around 4.44%, more than DODIX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODIX Dodge & Cox Income Fund | 4.35% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
SMTH ALPS Smith Core Plus Bond ETF | 4.44% | 4.46% | 4.58% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, SMTH and DODIX 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.
DODIX has higher volatility (1.10%) compared to SMTH (0.94%). In terms of maximum drawdown, SMTH dropped -4.11% vs DODIX's -16.89%.
DODIX currently has the higher Sharpe Ratio (0.87 vs 0.69), 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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