SMTRX vs. NEFRX

Last updated Jun 5, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and NEFRX (Loomis Sayles Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. With a 1.00 correlation, they move nearly in lockstep. SMTRX charges 0.99%/yr vs 0.71%/yr for NEFRX.

Performance

SMTRX vs. NEFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Total Return Bond Fund (SMTRX) and Loomis Sayles Core Plus Bond Fund (NEFRX). 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*: —

NEFRX

• 1D: -0.26%
• 1M: 0.01%
• YTD: 0.05%
• 6M: 0.08%
• 1Y: 4.46%
• 3Y*: 3.53%
• 5Y*: -0.07%
• 10Y*: 2.15%

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

SMTRX vs. NEFRX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	-0.10%
NEFRX Loomis Sayles Core Plus Bond Fund	-0.17%

Correlation

The correlation between SMTRX and NEFRX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

SMTRX vs. NEFRX — Risk / Return Rank

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

NEFRX

NEFRX Risk / Return Rank: 28
NEFRX Sharpe Ratio Rank: 26
NEFRX Sortino Ratio Rank: 30
NEFRX Omega Ratio Rank: 26
NEFRX Calmar Ratio Rank: 32
NEFRX Martin Ratio Rank: 25

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. NEFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and Loomis Sayles Core Plus Bond Fund (NEFRX). 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	NEFRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.47	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.96	0.73	-3.69

Drawdowns

SMTRX vs. NEFRX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.21%, smaller than the maximum NEFRX drawdown of -25.45%. Use the drawdown chart below to compare losses from any high point for SMTRX and NEFRX.

Drawdown Indicators

	SMTRX	NEFRX	Difference
Max Drawdown Largest peak-to-trough decline	-0.21%	-25.45%	+25.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.76%	—
Current Drawdown Current decline from peak	-0.21%	-2.15%	+1.94%
Average Drawdown Average peak-to-trough decline	-0.08%	-3.97%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.18%	—

Volatility

Volatility by Period

	SMTRX	NEFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.47%	4.20%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.47%	6.23%	-3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.47%	5.03%	-2.56%

SMTRX vs. NEFRX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is higher than NEFRX's 0.71% expense ratio.

Dividends

SMTRX vs. NEFRX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than NEFRX's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEFRX Loomis Sayles Core Plus Bond Fund	3.62%	3.97%	3.90%	3.58%	3.10%	2.34%	4.04%	2.51%	2.87%	2.68%	3.17%	2.58%
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%	0.00%

Frequently Asked Questions

Can I hold both SMTRX and NEFRX in my portfolio?

With a correlation of 1.00, SMTRX and NEFRX 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.