SMTRX vs. GPINX

Last updated Jun 24, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and GPINX (Guidepath Income Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.93 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 1.14%/yr for GPINX.

Performance

SMTRX vs. GPINX - Performance Comparison

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

Returns By Period

SMTRX

• 1D: -0.31%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPINX

• 1D: -0.35%
• 1M: 0.59%
• YTD: -0.48%
• 6M: -0.36%
• 1Y: 3.56%
• 3Y*: 4.73%
• 5Y*: -0.14%
• 10Y*: —

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

SMTRX vs. GPINX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	0.00%
GPINX Guidepath Income Fund	0.12%

Correlation

The correlation between SMTRX and GPINX is 0.93, 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	0.93

Return for Risk

SMTRX vs. GPINX — 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.

GPINX

GPINX Risk / Return Rank: 13
GPINX Sharpe Ratio Rank: 14
GPINX Sortino Ratio Rank: 14
GPINX Omega Ratio Rank: 14
GPINX Calmar Ratio Rank: 14
GPINX Martin Ratio Rank: 12

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. GPINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and Guidepath Income Fund (GPINX). 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	GPINX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.99	—
Sortino ratio: Return per unit of downside risk	—	1.43	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.18	—
Martin ratio: Return relative to average drawdown	—	3.17	—

Drawdowns

SMTRX vs. GPINX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.62%, smaller than the maximum GPINX drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for SMTRX and GPINX.

Drawdown Indicators

	SMTRX	GPINX	Difference
Max Drawdown Largest peak-to-trough decline	-0.62%	-19.20%	+18.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.98%	—
Current Drawdown Current decline from peak	-0.31%	-2.24%	+1.93%
Average Drawdown Average peak-to-trough decline	-0.18%	-6.00%	+5.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.17%	—

Volatility

Volatility by Period

	SMTRX	GPINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	3.75%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.64%	5.52%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.64%	5.20%	-1.56%

SMTRX vs. GPINX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is lower than GPINX's 1.14% expense ratio.

Dividends

SMTRX vs. GPINX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than GPINX's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GPINX Guidepath Income Fund	4.15%	4.25%	4.34%	3.58%	1.59%	2.26%	1.86%	2.23%	2.04%
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%

Frequently Asked Questions

Can I hold both SMTRX and GPINX in my portfolio?

With a correlation of 0.93, SMTRX and GPINX 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.