SMTH vs. OEFA

Last updated Aug 4, 2026

SMTH (ALPS Smith Core Plus Bond ETF) and OEFA (ALPS O'Shares International Developed Quality Dividend ETF) are both exchange-traded funds - SMTH is a Intermediate Core-Plus Bond fund actively managed by ALPS, while OEFA is a Quality Factor fund tracking the O’Shares International Developed Quality Dividend Index. SMTH is actively managed, while OEFA is passively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. SMTH charges 0.59%/yr vs 0.48%/yr for OEFA.

Performance

SMTH vs. OEFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Smith Core Plus Bond ETF (SMTH) and ALPS O'Shares International Developed Quality Dividend ETF (OEFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMTH achieves a -0.32% return, which is significantly lower than OEFA's 8.56% return.

SMTH

• 1D: 0.23%
• 1M: -1.13%
• 6M: -0.35%
• YTD: -0.32%
• 1Y: 2.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.92%

OEFA

• 1D: 0.62%
• 1M: 3.08%
• 6M: 5.24%
• YTD: 8.56%
• 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)
OEFA ALPS O'Shares International Developed Quality Dividend ETF	$70.52K	$55.90K	$153.39K
SMTH ALPS Smith Core Plus Bond ETF	$8.66M	$9.56M	$10.10M

SMTH vs. OEFA - Yearly Performance Comparison

	2026 (YTD)	2025
SMTH ALPS Smith Core Plus Bond ETF	-0.32%	0.74%
OEFA ALPS O'Shares International Developed Quality Dividend ETF	8.56%	0.73%

Correlation

The correlation between SMTH and OEFA is 0.54, 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 Oct 1, 2025	0.54

Return for Risk

SMTH vs. OEFA — Risk / Return Rank

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

SMTH

SMTH Risk / Return Rank: 23
SMTH Sharpe Ratio Rank: 24
SMTH Sortino Ratio Rank: 22
SMTH Omega Ratio Rank: 21
SMTH Calmar Ratio Rank: 24
SMTH Martin Ratio Rank: 24

OEFA

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.

SMTH vs. OEFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Smith Core Plus Bond ETF (SMTH) and ALPS O'Shares International Developed Quality Dividend ETF (OEFA). 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	OEFA	Difference
Sharpe ratio: Return per unit of total volatility	0.57	—	—
Sortino ratio: Return per unit of downside risk	0.83	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.74	—	—
Martin ratio: Return relative to average drawdown	1.88	—	—

Drawdowns

SMTH vs. OEFA - Drawdown Comparison

The maximum SMTH drawdown since its inception was -4.11%, smaller than the maximum OEFA drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for SMTH and OEFA.

Drawdown Indicators

	SMTH	OEFA	Difference
Max Drawdown Largest peak-to-trough decline	-4.11%	-13.54%	+9.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	—	—
Current Drawdown Current decline from peak	-2.06%	-0.09%	-1.97%
Average Drawdown Average peak-to-trough decline	-1.08%	-3.43%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	—	—

Volatility

Volatility by Period

	SMTH	OEFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.60%	17.20%	-13.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.53%	17.20%	-12.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.53%	17.20%	-12.67%

SMTH vs. OEFA - Expense Ratio Comparison

SMTH has a 0.59% expense ratio, which is higher than OEFA's 0.48% expense ratio.

Dividends

SMTH vs. OEFA - Dividend Comparison

SMTH's dividend yield for the trailing twelve months is around 4.43%, more than OEFA's 1.37% yield.

Position	TTM	2025	2024	2023
OEFA ALPS O'Shares International Developed Quality Dividend ETF	1.37%	0.28%	0.00%	0.00%
SMTH ALPS Smith Core Plus Bond ETF	4.43%	4.46%	4.58%	0.24%

Frequently Asked Questions

Can I hold both SMTH and OEFA in my portfolio?

SMTH and OEFA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMTH or OEFA?

On fees, OEFA is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMTH or OEFA?

OEFA is cheaper with a 0.48% expense ratio, compared with 0.59% for SMTH.

Which ETF pays a higher dividend yield, SMTH or OEFA?

SMTH has the higher dividend yield at 4.43%, compared with 1.37% for OEFA.

What is the main difference between SMTH and OEFA?

SMTH is categorized as Intermediate Core-Plus Bond, while OEFA is Quality Factor. Their fees differ too: 0.59% for SMTH and 0.48% for OEFA.