SMTRX vs. SCPZX

Last updated Jul 17, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and SCPZX (Carillon Reams Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.93 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 0.40%/yr for SCPZX.

Performance

SMTRX vs. SCPZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Total Return Bond Fund (SMTRX) and Carillon Reams Core Plus Bond Fund (SCPZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMTRX

• 1D: 0.21%
• 1M: -0.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCPZX

• 1D: 0.20%
• 1M: -0.41%
• 6M: 0.24%
• YTD: 0.80%
• 1Y: 5.22%
• 3Y*: 4.41%
• 5Y*: 0.73%
• 10Y*: 2.76%

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

SMTRX vs. SCPZX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	-0.28%
SCPZX Carillon Reams Core Plus Bond Fund	0.24%

Correlation

The correlation between SMTRX and SCPZX is 0.93, 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 28, 2026	0.93

Return for Risk

SMTRX vs. SCPZX — Risk / Return Rank

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

SMTRX

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

SCPZX

SCPZX Risk / Return Rank: 34
SCPZX Sharpe Ratio Rank: 35
SCPZX Sortino Ratio Rank: 36
SCPZX Omega Ratio Rank: 32
SCPZX Calmar Ratio Rank: 36
SCPZX Martin Ratio Rank: 31

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. SCPZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and Carillon Reams Core Plus Bond Fund (SCPZX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SMTRX	SCPZX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.34	—
Sortino ratio: Return per unit of downside risk	—	1.97	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.86	—
Martin ratio: Return relative to average drawdown	—	5.66	—

Drawdowns

SMTRX vs. SCPZX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -1.34%, smaller than the maximum SCPZX drawdown of -28.85%. Use the drawdown chart below to compare losses from any high point for SMTRX and SCPZX.

Drawdown Indicators

	SMTRX	SCPZX	Difference
Max Drawdown Largest peak-to-trough decline	-1.34%	-28.85%	+27.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.38%	—
Current Drawdown Current decline from peak	-1.03%	-1.33%	+0.30%
Average Drawdown Average peak-to-trough decline	-0.39%	-3.74%	+3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.96%	—

Volatility

Volatility by Period

	SMTRX	SCPZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	4.06%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.80%	6.59%	-2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.80%	5.62%	-1.82%

SMTRX vs. SCPZX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is higher than SCPZX's 0.40% expense ratio.

Dividends

SMTRX vs. SCPZX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.72%, less than SCPZX's 4.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCPZX Carillon Reams Core Plus Bond Fund	4.34%	4.35%	4.70%	4.31%	3.06%	1.27%	5.79%	4.47%	2.26%	1.76%	3.92%	2.89%
SMTRX ALPS/Smith Total Return Bond Fund	0.72%	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 SCPZX in my portfolio?

With a correlation of 0.93, SMTRX and SCPZX 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.