SMTRX vs. AMFIX

Last updated Jun 4, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and AMFIX (AAMA Income Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.87 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 0.92%/yr for AMFIX.

Performance

SMTRX vs. AMFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Total Return Bond Fund (SMTRX) and AAMA Income Fund (AMFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMTRX

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

AMFIX

• 1D: 0.00%
• 1M: 0.04%
• YTD: 0.30%
• 6M: 0.48%
• 1Y: 2.53%
• 3Y*: 3.31%
• 5Y*: 0.75%
• 10Y*: —

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

SMTRX vs. AMFIX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	0.10%
AMFIX AAMA Income Fund	0.00%

Correlation

The correlation between SMTRX and AMFIX is 0.87, 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 29, 2026	0.87

Return for Risk

SMTRX vs. AMFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMFIX

AMFIX Risk / Return Rank: 72
AMFIX Sharpe Ratio Rank: 69
AMFIX Sortino Ratio Rank: 80
AMFIX Omega Ratio Rank: 78
AMFIX Calmar Ratio Rank: 76
AMFIX Martin Ratio Rank: 58

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.

SMTRX vs. AMFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and AAMA Income Fund (AMFIX). 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.

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

Sharpe Ratios by Period

	SMTRX	AMFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.43	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.86	0.56	+5.30

Drawdowns

SMTRX vs. AMFIX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.10%, smaller than the maximum AMFIX drawdown of -9.35%. Use the drawdown chart below to compare losses from any high point for SMTRX and AMFIX.

Drawdown Indicators

	SMTRX	AMFIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.10%	-9.35%	+9.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.91%	—
Current Drawdown Current decline from peak	0.00%	-0.39%	+0.39%
Average Drawdown Average peak-to-trough decline	-0.03%	-2.03%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	SMTRX	AMFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.90%	1.04%	+0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.90%	2.17%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.90%	1.74%	+0.16%

SMTRX vs. AMFIX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is higher than AMFIX's 0.92% expense ratio.

Dividends

SMTRX vs. AMFIX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than AMFIX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMFIX AAMA Income Fund	2.21%	2.08%	2.44%	1.70%	0.83%	0.57%	0.83%	1.24%	1.24%	0.40%
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%	0.00%

Frequently Asked Questions

Can I hold both SMTRX and AMFIX in my portfolio?

SMTRX and AMFIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.