SPUBX vs. SMTRX

Last updated Jul 15, 2026

SPUBX (Symmetry Panoramic US Fixed Income Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. With a 0.95 correlation, they move nearly in lockstep. SPUBX charges 0.45%/yr vs 0.99%/yr for SMTRX.

Performance

SPUBX vs. SMTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic US Fixed Income Fund (SPUBX) and ALPS/Smith Total Return Bond Fund (SMTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPUBX

• 1D: -0.32%
• 1M: -0.58%
• 6M: -0.53%
• YTD: -0.22%
• 1Y: 3.78%
• 3Y*: 3.80%
• 5Y*: 0.45%
• 10Y*: —

SMTRX

• 1D: -0.31%
• 1M: -0.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPUBX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
SPUBX Symmetry Panoramic US Fixed Income Fund	-0.35%
SMTRX ALPS/Smith Total Return Bond Fund	-0.59%

Correlation

The correlation between SPUBX and SMTRX is 0.95 - 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 28, 2026	0.95

Return for Risk

SPUBX vs. SMTRX — Risk / Return Rank

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

SPUBX

SPUBX Risk / Return Rank: 23
SPUBX Sharpe Ratio Rank: 24
SPUBX Sortino Ratio Rank: 24
SPUBX Omega Ratio Rank: 23
SPUBX Calmar Ratio Rank: 24
SPUBX Martin Ratio Rank: 21

SMTRX

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

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.

SPUBX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic US Fixed Income Fund (SPUBX) and ALPS/Smith Total Return Bond Fund (SMTRX). 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.

	SPUBX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.52	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.36	—	—
Martin ratio: Return relative to average drawdown	3.69	—	—

Drawdowns

SPUBX vs. SMTRX - Drawdown Comparison

The maximum SPUBX drawdown since its inception was -13.72%, which is greater than SMTRX's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for SPUBX and SMTRX.

Drawdown Indicators

	SPUBX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-13.72%	-1.34%	-12.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.32%	—	—
Current Drawdown Current decline from peak	-1.99%	-1.34%	-0.65%
Average Drawdown Average peak-to-trough decline	-3.85%	-0.34%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	—	—

Volatility

Volatility by Period

	SPUBX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.71%	3.86%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	3.86%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	3.86%	+0.28%

SPUBX vs. SMTRX - Expense Ratio Comparison

SPUBX has a 0.45% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

SPUBX vs. SMTRX - Dividend Comparison

SPUBX's dividend yield for the trailing twelve months is around 4.33%, more than SMTRX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
SPUBX Symmetry Panoramic US Fixed Income Fund	4.33%	4.31%	4.57%	2.52%	1.61%	1.16%	1.82%	2.14%	0.16%

Frequently Asked Questions

Can I hold both SPUBX and SMTRX in my portfolio?

With a correlation of 0.95, SPUBX and SMTRX 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.