SMTRX vs. JCRAX

Last updated Jun 24, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and JCRAX (ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund) are both mutual funds - SMTRX is a Intermediate Core-Plus Bond fund managed by ALPS, while JCRAX is a Commodities fund managed by ALPS. At a correlation of -0.14, they often move in opposite directions. SMTRX charges 0.99%/yr vs 1.36%/yr for JCRAX.

Performance

SMTRX vs. JCRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Total Return Bond Fund (SMTRX) and ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX). 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*: —

JCRAX

• 1D: -0.21%
• 1M: -7.52%
• YTD: 15.31%
• 6M: 14.32%
• 1Y: 31.42%
• 3Y*: 14.13%
• 5Y*: 10.52%
• 10Y*: 7.68%

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

SMTRX vs. JCRAX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	0.00%
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	-5.85%

Correlation

The correlation between SMTRX and JCRAX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.14

Return for Risk

SMTRX vs. JCRAX — 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.

JCRAX

JCRAX Risk / Return Rank: 59
JCRAX Sharpe Ratio Rank: 59
JCRAX Sortino Ratio Rank: 48
JCRAX Omega Ratio Rank: 49
JCRAX Calmar Ratio Rank: 67
JCRAX Martin Ratio Rank: 72

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. JCRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX). 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	JCRAX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.08	—
Sortino ratio: Return per unit of downside risk	—	2.69	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.00	—
Martin ratio: Return relative to average drawdown	—	12.93	—

Drawdowns

SMTRX vs. JCRAX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.62%, smaller than the maximum JCRAX drawdown of -62.03%. Use the drawdown chart below to compare losses from any high point for SMTRX and JCRAX.

Drawdown Indicators

	SMTRX	JCRAX	Difference
Max Drawdown Largest peak-to-trough decline	-0.62%	-62.03%	+61.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.14%	—
Current Drawdown Current decline from peak	-0.31%	-10.02%	+9.71%
Average Drawdown Average peak-to-trough decline	-0.18%	-26.33%	+26.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.34%	—

Volatility

Volatility by Period

	SMTRX	JCRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	14.48%	-10.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.64%	20.67%	-17.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.64%	18.11%	-14.47%

SMTRX vs. JCRAX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is lower than JCRAX's 1.36% expense ratio.

Dividends

SMTRX vs. JCRAX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than JCRAX's 7.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	7.63%	8.80%	2.80%	3.29%	7.08%	22.43%	0.29%	0.90%	3.26%	2.44%	0.05%
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%

Frequently Asked Questions

Can I hold both SMTRX and JCRAX in my portfolio?

SMTRX and JCRAX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.