SMTRX vs. LCTIX

Last updated Jun 4, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and LCTIX (Leader Capital High Quality Income Fund Institutional Shares) are both Intermediate Core-Plus Bond funds. Their correlation of 0.87 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 1.08%/yr for LCTIX.

Performance

SMTRX vs. LCTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Total Return Bond Fund (SMTRX) and Leader Capital High Quality Income Fund Institutional Shares (LCTIX). 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*: —

LCTIX

• 1D: 0.09%
• 1M: 0.72%
• YTD: 2.03%
• 6M: 2.43%
• 1Y: 5.32%
• 3Y*: 6.27%
• 5Y*: 5.79%
• 10Y*: 5.28%

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

SMTRX vs. LCTIX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	0.10%
LCTIX Leader Capital High Quality Income Fund Institutional Shares	0.54%

Correlation

The correlation between SMTRX and LCTIX is 0.87, 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 29, 2026	0.87

Return for Risk

SMTRX vs. LCTIX — Risk / Return Rank

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

LCTIX

LCTIX Risk / Return Rank: 92
LCTIX Sharpe Ratio Rank: 84
LCTIX Sortino Ratio Rank: 97
LCTIX Omega Ratio Rank: 97
LCTIX Calmar Ratio Rank: 90
LCTIX Martin Ratio Rank: 92

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. LCTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and Leader Capital High Quality Income Fund Institutional Shares (LCTIX). 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	LCTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.72	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.86	0.77	+5.09

Drawdowns

SMTRX vs. LCTIX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.10%, smaller than the maximum LCTIX drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for SMTRX and LCTIX.

Drawdown Indicators

	SMTRX	LCTIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.10%	-24.76%	+24.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.17%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-3.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.61%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	-3.85%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.27%	—

Volatility

Volatility by Period

	SMTRX	LCTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.90%	1.97%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.90%	2.44%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.90%	6.31%	-4.41%

SMTRX vs. LCTIX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is lower than LCTIX's 1.08% expense ratio.

Dividends

SMTRX vs. LCTIX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than LCTIX's 5.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCTIX Leader Capital High Quality Income Fund Institutional Shares	5.64%	5.90%	5.91%	5.50%	2.31%	1.93%	1.73%	2.92%	3.67%	2.56%
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%

Frequently Asked Questions

Can I hold both SMTRX and LCTIX in my portfolio?

SMTRX and LCTIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.