SMTRX vs. JCRAX

Last updated Jun 3, 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 -0.50, 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: -0.10%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JCRAX

• 1D: 0.90%
• 1M: -0.78%
• YTD: 24.94%
• 6M: 26.10%
• 1Y: 45.59%
• 3Y*: 17.82%
• 5Y*: 11.92%
• 10Y*: 8.53%

*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	1.10%

Correlation

The correlation between SMTRX and JCRAX is -0.50, 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 29, 2026	-0.50

SMTRX vs. JCRAX - Sectors Allocation Comparison

Sectors	SMTRX	JCRAX
Financial Services	2.4%	-
Basic Materials	-	33.3%
Communication Services	-	-
Consumer Cyclical	-	1.1%
Consumer Defensive	-	11.9%
Energy	-	33.1%
Healthcare	-	-
Industrials	-	9.7%
Real Estate	-	-
Technology	-	4.4%
Utilities	-	6.5%

Return for Risk

SMTRX vs. JCRAX — Risk / Return Rank

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

JCRAX

JCRAX Risk / Return Rank: 92
JCRAX Sharpe Ratio Rank: 94
JCRAX Sortino Ratio Rank: 87
JCRAX Omega Ratio Rank: 84
JCRAX Calmar Ratio Rank: 98
JCRAX Martin Ratio Rank: 97

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.

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

Sharpe Ratios by Period

	SMTRX	JCRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.23	-0.23

Drawdowns

SMTRX vs. JCRAX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.10%, 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	-0.10%	-62.03%	+61.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.04%	—
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	-0.10%	-2.50%	+2.40%
Average Drawdown Average peak-to-trough decline	-0.05%	-26.39%	+26.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.67%	—

Volatility

Volatility by Period

	SMTRX	JCRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.33%	14.08%	-11.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.33%	20.66%	-18.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.33%	18.11%	-15.78%

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 7.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	7.05%	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 -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.