SMTRX vs. BCOIX

Last updated Jun 25, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.92 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 0.30%/yr for BCOIX.

Performance

SMTRX vs. BCOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Total Return Bond Fund (SMTRX) and Baird Core Plus Bond Fund (BCOIX). 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*: —

BCOIX

• 1D: 0.10%
• 1M: 0.87%
• YTD: 0.54%
• 6M: 0.57%
• 1Y: 4.35%
• 3Y*: 4.83%
• 5Y*: 0.69%
• 10Y*: 2.38%

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

SMTRX vs. BCOIX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	0.10%
BCOIX Baird Core Plus Bond Fund	0.30%

Correlation

The correlation between SMTRX and BCOIX is 0.92, 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	0.92

Return for Risk

SMTRX vs. BCOIX — 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.

BCOIX

BCOIX Risk / Return Rank: 25
BCOIX Sharpe Ratio Rank: 24
BCOIX Sortino Ratio Rank: 26
BCOIX Omega Ratio Rank: 23
BCOIX Calmar Ratio Rank: 27
BCOIX Martin Ratio Rank: 23

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. BCOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and Baird Core Plus Bond Fund (BCOIX). 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	BCOIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.27	—
Sortino ratio: Return per unit of downside risk	—	1.91	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.79	—
Martin ratio: Return relative to average drawdown	—	5.03	—

Drawdowns

SMTRX vs. BCOIX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.62%, smaller than the maximum BCOIX drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for SMTRX and BCOIX.

Drawdown Indicators

	SMTRX	BCOIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.62%	-18.13%	+17.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.58%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.13%	—
Current Drawdown Current decline from peak	-0.21%	-1.15%	+0.94%
Average Drawdown Average peak-to-trough decline	-0.18%	-2.18%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.92%	—

Volatility

Volatility by Period

	SMTRX	BCOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.56%	3.65%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.56%	5.65%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.56%	4.68%	-1.12%

SMTRX vs. BCOIX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is higher than BCOIX's 0.30% expense ratio.

Dividends

SMTRX vs. BCOIX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than BCOIX's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCOIX Baird Core Plus Bond Fund	4.00%	4.21%	4.13%	3.58%	3.10%	2.96%	3.51%	2.96%	3.13%	2.83%	3.01%	2.84%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMTRX and BCOIX in my portfolio?

With a correlation of 0.92, SMTRX and BCOIX 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.