SMTRX vs. MWIGX

Last updated Jun 5, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and MWIGX (Metropolitan West Investment Grade Credit Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.95 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 1.87%/yr for MWIGX.

Performance

SMTRX vs. MWIGX - Performance Comparison

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

Returns By Period

SMTRX

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

MWIGX

• 1D: -0.25%
• 1M: 0.10%
• YTD: 0.20%
• 6M: 0.45%
• 1Y: 4.77%
• 3Y*: 5.37%
• 5Y*: 0.74%
• 10Y*: —

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

SMTRX vs. MWIGX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	-0.10%
MWIGX Metropolitan West Investment Grade Credit Fund	0.10%

Correlation

The correlation between SMTRX and MWIGX is 0.95, 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	0.95

Return for Risk

SMTRX vs. MWIGX — Risk / Return Rank

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

MWIGX

MWIGX Risk / Return Rank: 35
MWIGX Sharpe Ratio Rank: 32
MWIGX Sortino Ratio Rank: 38
MWIGX Omega Ratio Rank: 35
MWIGX Calmar Ratio Rank: 36
MWIGX Martin Ratio Rank: 33

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. MWIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and Metropolitan West Investment Grade Credit Fund (MWIGX). 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	MWIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.60	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.96	0.70	-3.66

Drawdowns

SMTRX vs. MWIGX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.21%, smaller than the maximum MWIGX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for SMTRX and MWIGX.

Drawdown Indicators

	SMTRX	MWIGX	Difference
Max Drawdown Largest peak-to-trough decline	-0.21%	-18.32%	+18.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.32%	—
Current Drawdown Current decline from peak	-0.21%	-1.06%	+0.85%
Average Drawdown Average peak-to-trough decline	-0.08%	-4.47%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.71%	—

Volatility

Volatility by Period

	SMTRX	MWIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.47%	3.24%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.47%	4.94%	-2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.47%	4.76%	-2.29%

SMTRX vs. MWIGX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is lower than MWIGX's 1.87% expense ratio.

Dividends

SMTRX vs. MWIGX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than MWIGX's 4.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MWIGX Metropolitan West Investment Grade Credit Fund	4.06%	3.70%	4.52%	4.97%	6.33%	4.25%	9.21%	12.03%	3.98%
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 MWIGX in my portfolio?

With a correlation of 0.95, SMTRX and MWIGX 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.