SMTRX vs. BILDX

Last updated Jul 17, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and BILDX (DoubleLine Infrastructure Income Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.91 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 0.57%/yr for BILDX.

Performance

SMTRX vs. BILDX - Performance Comparison

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

Returns By Period

SMTRX

• 1D: 0.21%
• 1M: -0.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILDX

• 1D: 0.21%
• 1M: -0.12%
• 6M: 0.64%
• YTD: 0.96%
• 1Y: 4.91%
• 3Y*: 5.94%
• 5Y*: 1.59%
• 10Y*: —

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

SMTRX vs. BILDX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	-0.28%
BILDX DoubleLine Infrastructure Income Fund	0.29%

Correlation

The correlation between SMTRX and BILDX is 0.91, 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	0.91

Return for Risk

SMTRX vs. BILDX — 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.

BILDX

BILDX Risk / Return Rank: 51
BILDX Sharpe Ratio Rank: 52
BILDX Sortino Ratio Rank: 60
BILDX Omega Ratio Rank: 51
BILDX Calmar Ratio Rank: 53
BILDX Martin Ratio Rank: 41

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. BILDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and DoubleLine Infrastructure Income Fund (BILDX). 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	BILDX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.47	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.28	—
Martin ratio: Return relative to average drawdown	—	7.14	—

Drawdowns

SMTRX vs. BILDX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -1.34%, smaller than the maximum BILDX drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for SMTRX and BILDX.

Drawdown Indicators

	SMTRX	BILDX	Difference
Max Drawdown Largest peak-to-trough decline	-1.34%	-15.68%	+14.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.68%	—
Current Drawdown Current decline from peak	-1.03%	-0.58%	-0.45%
Average Drawdown Average peak-to-trough decline	-0.39%	-2.97%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.71%	—

Volatility

Volatility by Period

	SMTRX	BILDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	3.09%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.80%	4.43%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.80%	4.08%	-0.28%

SMTRX vs. BILDX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is higher than BILDX's 0.57% expense ratio.

Dividends

SMTRX vs. BILDX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.72%, less than BILDX's 4.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BILDX DoubleLine Infrastructure Income Fund	4.97%	4.64%	4.11%	3.42%	3.31%	3.45%	2.89%	3.40%	3.18%	3.22%
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 BILDX in my portfolio?

With a correlation of 0.91, SMTRX and BILDX 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.