SMTRX vs. AMFIX

Last updated Jul 14, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and AMFIX (AAMA Income Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.90 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: -0.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMFIX

• 1D: -0.04%
• 1M: 0.04%
• 6M: 0.39%
• YTD: 0.39%
• 1Y: 2.28%
• 3Y*: 3.42%
• 5Y*: 0.76%
• 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	-0.28%
AMFIX AAMA Income Fund	0.13%

Correlation

The correlation between SMTRX and AMFIX is 0.90, 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 28, 2026	0.90

Return for Risk

SMTRX vs. AMFIX — Risk / Return Rank

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

SMTRX

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

AMFIX

AMFIX Risk / Return Rank: 75
AMFIX Sharpe Ratio Rank: 76
AMFIX Sortino Ratio Rank: 80
AMFIX Omega Ratio Rank: 80
AMFIX Calmar Ratio Rank: 82
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.

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.

	SMTRX	AMFIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.98	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.05	—
Martin ratio: Return relative to average drawdown	—	9.03	—

Drawdowns

SMTRX vs. AMFIX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -1.03%, 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	-1.03%	-9.35%	+8.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.91%	—
Current Drawdown Current decline from peak	-1.03%	-0.31%	-0.72%
Average Drawdown Average peak-to-trough decline	-0.31%	-2.00%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.25%	—

Volatility

Volatility by Period

	SMTRX	AMFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	1.14%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.83%	2.18%	+1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.83%	1.74%	+2.09%

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 0.72%, less than AMFIX's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMFIX AAMA Income Fund	2.23%	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	0.72%	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?

With a correlation of 0.90, SMTRX and AMFIX 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.