SMTRX vs. PGSIX
Compare and contrast key facts about ALPS/Smith Total Return Bond Fund (SMTRX) and Putnam Mortgage Securities Fund (PGSIX).
SMTRX is managed by ALPS. It was launched on Jun 29, 2018. PGSIX is managed by Putnam. It was launched on Feb 8, 1984.
Performance
SMTRX vs. PGSIX - Performance Comparison
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SMTRX vs. PGSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SMTRX ALPS/Smith Total Return Bond Fund | -0.26% | 6.80% | 2.19% | 5.94% | -13.49% | -1.33% | 9.38% | 7.10% | 0.00% |
PGSIX Putnam Mortgage Securities Fund | 1.26% | 9.36% | 3.52% | 3.66% | -10.79% | -4.31% | -0.73% | 12.39% | -1.02% |
Returns By Period
In the year-to-date period, SMTRX achieves a -0.26% return, which is significantly lower than PGSIX's 1.26% return.
SMTRX
- 1D
- 0.31%
- 1M
- -1.50%
- YTD
- -0.26%
- 6M
- 0.26%
- 1Y
- 3.51%
- 3Y*
- 3.93%
- 5Y*
- 0.17%
- 10Y*
- —
PGSIX
- 1D
- 0.38%
- 1M
- -1.24%
- YTD
- 1.26%
- 6M
- 2.71%
- 1Y
- 6.13%
- 3Y*
- 5.95%
- 5Y*
- -0.05%
- 10Y*
- 1.39%
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SMTRX vs. PGSIX - Expense Ratio Comparison
SMTRX has a 0.99% expense ratio, which is higher than PGSIX's 0.89% expense ratio.
Return for Risk
SMTRX vs. PGSIX — Risk / Return Rank
SMTRX
PGSIX
SMTRX vs. PGSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and Putnam Mortgage Securities Fund (PGSIX). 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.
| SMTRX | PGSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.17 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.64 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.84 | -0.38 |
Martin ratioReturn relative to average drawdown | 4.38 | 5.63 | -1.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMTRX | PGSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.17 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | -0.01 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.84 | -0.45 |
Correlation
The correlation between SMTRX and PGSIX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMTRX vs. PGSIX - Dividend Comparison
SMTRX's dividend yield for the trailing twelve months is around 4.21%, less than PGSIX's 5.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMTRX ALPS/Smith Total Return Bond Fund | 4.21% | 4.16% | 4.27% | 3.82% | 1.51% | 1.23% | 3.31% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% |
PGSIX Putnam Mortgage Securities Fund | 5.14% | 5.67% | 16.88% | 8.38% | 12.83% | 4.30% | 4.21% | 4.50% | 3.94% | 3.10% | 2.92% | 2.51% |
Drawdowns
SMTRX vs. PGSIX - Drawdown Comparison
The maximum SMTRX drawdown since its inception was -18.11%, smaller than the maximum PGSIX drawdown of -22.28%. Use the drawdown chart below to compare losses from any high point for SMTRX and PGSIX.
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Drawdown Indicators
| SMTRX | PGSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -22.28% | +4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -3.85% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | -21.57% | +3.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.28% | — |
Current DrawdownCurrent decline from peak | -1.90% | -1.49% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -2.62% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.26% | -0.34% |
Volatility
SMTRX vs. PGSIX - Volatility Comparison
The current volatility for ALPS/Smith Total Return Bond Fund (SMTRX) is 1.61%, while Putnam Mortgage Securities Fund (PGSIX) has a volatility of 1.96%. This indicates that SMTRX experiences smaller price fluctuations and is considered to be less risky than PGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMTRX | PGSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.96% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 3.45% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 5.95% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 6.96% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 5.91% | -1.08% |