SMTRX vs. SMCVX

Last updated Jun 5, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and SMCVX (ALPS/Smith Credit Opportunities Fund) are both mutual funds - SMTRX is a Intermediate Core-Plus Bond fund managed by ALPS, while SMCVX is a Multisector Bonds fund managed by ALPS. Their correlation of 0.89 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 1.17%/yr for SMCVX.

Performance

SMTRX vs. SMCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Total Return Bond Fund (SMTRX) and ALPS/Smith Credit Opportunities Fund (SMCVX). 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*: —

SMCVX

• 1D: -0.11%
• 1M: 0.47%
• YTD: 0.97%
• 6M: 0.76%
• 1Y: 5.18%
• 3Y*: 5.74%
• 5Y*: 1.06%
• 10Y*: —

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

SMTRX vs. SMCVX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	-0.10%
SMCVX ALPS/Smith Credit Opportunities Fund	0.11%

Correlation

The correlation between SMTRX and SMCVX is 0.89, 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	0.89

Return for Risk

SMTRX vs. SMCVX — Risk / Return Rank

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

SMCVX

SMCVX Risk / Return Rank: 45
SMCVX Sharpe Ratio Rank: 47
SMCVX Sortino Ratio Rank: 46
SMCVX Omega Ratio Rank: 54
SMCVX Calmar Ratio Rank: 32
SMCVX Martin Ratio Rank: 47

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. SMCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and ALPS/Smith Credit Opportunities Fund (SMCVX). 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	SMCVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.96	0.50	-3.46

Drawdowns

SMTRX vs. SMCVX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.21%, smaller than the maximum SMCVX drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for SMTRX and SMCVX.

Drawdown Indicators

	SMTRX	SMCVX	Difference
Max Drawdown Largest peak-to-trough decline	-0.21%	-16.11%	+15.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.11%	—
Current Drawdown Current decline from peak	-0.21%	-0.22%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.08%	-5.00%	+4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.58%	—

Volatility

Volatility by Period

	SMTRX	SMCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.47%	2.89%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.47%	4.16%	-1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.47%	4.03%	-1.56%

SMTRX vs. SMCVX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is lower than SMCVX's 1.17% expense ratio.

Dividends

SMTRX vs. SMCVX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than SMCVX's 4.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
SMCVX ALPS/Smith Credit Opportunities Fund	4.98%	4.74%	4.60%	4.15%	2.21%	2.40%	0.75%
SMTRX ALPS/Smith Total Return Bond Fund	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMTRX and SMCVX in my portfolio?

SMTRX and SMCVX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.