SMTRX vs. SMRSX

Last updated Jun 25, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and SMRSX (ALPS/Smith Short Duration Bond Fund) are both mutual funds - SMTRX is a Intermediate Core-Plus Bond fund managed by ALPS, while SMRSX is a Short-Term Bond fund managed by ALPS. Their correlation of 0.90 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 0.93%/yr for SMRSX.

Performance

SMTRX vs. SMRSX - 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 Short Duration Bond Fund (SMRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMTRX

• 1D: 0.10%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMRSX

• 1D: 0.10%
• 1M: 0.32%
• YTD: 0.65%
• 6M: 0.75%
• 1Y: 3.21%
• 3Y*: 4.72%
• 5Y*: 2.21%
• 10Y*: —

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

SMTRX vs. SMRSX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	0.10%
SMRSX ALPS/Smith Short Duration Bond Fund	0.13%

Correlation

The correlation between SMTRX and SMRSX is 0.90, 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	0.90

Return for Risk

SMTRX vs. SMRSX — 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.

SMRSX

SMRSX Risk / Return Rank: 87
SMRSX Sharpe Ratio Rank: 85
SMRSX Sortino Ratio Rank: 88
SMRSX Omega Ratio Rank: 89
SMRSX Calmar Ratio Rank: 84
SMRSX Martin Ratio Rank: 87

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. SMRSX - 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 Short Duration Bond Fund (SMRSX). 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	SMRSX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.42	—
Sortino ratio: Return per unit of downside risk	—	3.80	—
Omega ratio: Gain probability vs. loss probability	—	1.57	—
Calmar ratio: Return relative to maximum drawdown	—	3.52	—
Martin ratio: Return relative to average drawdown	—	14.54	—

Drawdowns

SMTRX vs. SMRSX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.62%, smaller than the maximum SMRSX drawdown of -5.62%. Use the drawdown chart below to compare losses from any high point for SMTRX and SMRSX.

Drawdown Indicators

	SMTRX	SMRSX	Difference
Max Drawdown Largest peak-to-trough decline	-0.62%	-5.62%	+5.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.95%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.62%	—
Current Drawdown Current decline from peak	-0.21%	-0.10%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.18%	-0.85%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.23%	—

Volatility

Volatility by Period

	SMTRX	SMRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.56%	1.38%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.56%	1.70%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.56%	1.59%	+1.97%

SMTRX vs. SMRSX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is higher than SMRSX's 0.93% expense ratio.

Dividends

SMTRX vs. SMRSX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than SMRSX's 3.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SMRSX ALPS/Smith Short Duration Bond Fund	3.87%	3.95%	4.11%	3.50%	0.84%	0.56%	1.92%	2.86%	0.87%
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 SMRSX in my portfolio?

With a correlation of 0.90, SMTRX and SMRSX 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.