SMTH vs. UBND

Last updated Aug 2, 2026

SMTH (ALPS Smith Core Plus Bond ETF) and UBND (VictoryShares Core Plus Intermediate Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, SMTH returned 1.79% vs 2.42% for UBND. Their correlation of 0.89 means they have usually moved in the same direction. SMTH charges 0.59%/yr vs 0.40%/yr for UBND.

Performance

SMTH vs. UBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Smith Core Plus Bond ETF (SMTH) and VictoryShares Core Plus Intermediate Bond ETF (UBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMTH achieves a -0.55% return, which is significantly lower than UBND's -0.40% return.

SMTH

• 1D: -0.19%
• 1M: -1.35%
• 6M: -0.70%
• YTD: -0.55%
• 1Y: 1.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.84%

UBND

• 1D: -0.30%
• 1M: -1.27%
• 6M: -0.51%
• YTD: -0.40%
• 1Y: 2.42%
• 3Y*: 4.78%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.78%

*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)
SMTH ALPS Smith Core Plus Bond ETF	$9.08M	$9.58M	$10.09M
UBND VictoryShares Core Plus Intermediate Bond ETF	$5.01M	$8.32M	$6.37M

SMTH vs. UBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SMTH ALPS Smith Core Plus Bond ETF	-0.55%	6.86%	2.76%	3.80%
UBND VictoryShares Core Plus Intermediate Bond ETF	-0.40%	7.79%	3.04%	2.52%

Correlation

The correlation between SMTH and UBND is 0.92, 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.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.89

The correlation between SMTH and UBND has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

SMTH vs. UBND — Risk / Return Rank

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

SMTH

SMTH Risk / Return Rank: 27
SMTH Sharpe Ratio Rank: 29
SMTH Sortino Ratio Rank: 27
SMTH Omega Ratio Rank: 25
SMTH Calmar Ratio Rank: 28
SMTH Martin Ratio Rank: 28

UBND

UBND Risk / Return Rank: 35
UBND Sharpe Ratio Rank: 37
UBND Sortino Ratio Rank: 35
UBND Omega Ratio Rank: 33
UBND Calmar Ratio Rank: 35
UBND Martin Ratio Rank: 34

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. UBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Smith Core Plus Bond ETF (SMTH) and VictoryShares Core Plus Intermediate Bond ETF (UBND). 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	UBND	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.92	-0.23
Sortino ratio: Return per unit of downside risk	1.02	1.34	-0.33
Omega ratio: Gain probability vs. loss probability	1.12	1.16	-0.04
Calmar ratio: Return relative to maximum drawdown	0.92	1.22	-0.30
Martin ratio: Return relative to average drawdown	2.35	3.36	-1.01

SMTH vs. UBND - Sharpe Ratio Comparison

The current SMTH Sharpe Ratio is 0.69, which is comparable to the UBND Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of SMTH and UBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SMTH vs. UBND - Drawdown Comparison

The maximum SMTH drawdown since its inception was -4.11%, smaller than the maximum UBND drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for SMTH and UBND.

Drawdown Indicators

	SMTH	UBND	Difference
Max Drawdown Largest peak-to-trough decline	-4.11%	-16.53%	+12.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	-2.62%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.29%	—
Current Drawdown Current decline from peak	-2.28%	-1.96%	-0.32%
Average Drawdown Average peak-to-trough decline	-1.08%	-5.30%	+4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	0.95%	+0.12%

Volatility

SMTH vs. UBND - Volatility Comparison

ALPS Smith Core Plus Bond ETF (SMTH) and VictoryShares Core Plus Intermediate Bond ETF (UBND) have volatilities of 0.94% and 0.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMTH	UBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	0.98%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	2.72%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	3.48%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.54%	5.75%	-1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.54%	5.75%	-1.21%

SMTH vs. UBND - Expense Ratio Comparison

SMTH has a 0.59% expense ratio, which is higher than UBND's 0.40% expense ratio.

Dividends

SMTH vs. UBND - Dividend Comparison

SMTH's dividend yield for the trailing twelve months is around 4.44%, less than UBND's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021
SMTH ALPS Smith Core Plus Bond ETF	4.44%	4.46%	4.58%	0.24%	0.00%	0.00%
UBND VictoryShares Core Plus Intermediate Bond ETF	4.90%	4.56%	4.63%	4.37%	3.28%	0.28%

Frequently Asked Questions

Can I hold both SMTH and UBND in my portfolio?

With a correlation of 0.92, SMTH and UBND 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.

Which is riskier, SMTH or UBND?

UBND has higher volatility (0.98%) compared to SMTH (0.94%). In terms of maximum drawdown, SMTH dropped -4.11% vs UBND's -16.53%.

Which ETF is better, SMTH or UBND?

On 1-year performance, UBND leads with 2.42% vs 1.79% for SMTH. On fees, UBND is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMTH or UBND?

Over the 1-year period, UBND has performed better with a 2.42% return vs 1.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMTH or UBND?

UBND is cheaper with a 0.40% expense ratio, compared with 0.59% for SMTH.

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

UBND has the higher dividend yield at 4.90%, compared with 4.44% for SMTH.

What is the main difference between SMTH and UBND?

They also come from different issuers: ALPS and Victory. Their fees differ too: 0.59% for SMTH and 0.40% for UBND.

Which has better risk-adjusted returns?

UBND currently has the higher Sharpe Ratio (0.92 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.