STYAX vs. SMTRX

Last updated Jul 17, 2026

STYAX (Allspring Core Plus Bond Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.92 suggests significant overlap in exposure. STYAX charges 0.69%/yr vs 0.99%/yr for SMTRX.

Performance

STYAX vs. SMTRX - Performance Comparison

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

Returns By Period

STYAX

• 1D: 0.18%
• 1M: -0.54%
• 6M: -0.26%
• YTD: 0.18%
• 1Y: 4.21%
• 3Y*: 4.21%
• 5Y*: -0.13%
• 10Y*: 2.29%

SMTRX

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

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

STYAX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
STYAX Allspring Core Plus Bond Fund	0.09%
SMTRX ALPS/Smith Total Return Bond Fund	-0.28%

Correlation

The correlation between STYAX and SMTRX is 0.92, 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	0.92

Return for Risk

STYAX vs. SMTRX — Risk / Return Rank

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

STYAX

STYAX Risk / Return Rank: 26
STYAX Sharpe Ratio Rank: 28
STYAX Sortino Ratio Rank: 28
STYAX Omega Ratio Rank: 27
STYAX Calmar Ratio Rank: 27
STYAX Martin Ratio Rank: 22

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.

STYAX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Core Plus Bond Fund (STYAX) 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.

	STYAX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	—	—
Sortino ratio: Return per unit of downside risk	1.76	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.56	—	—
Martin ratio: Return relative to average drawdown	4.18	—	—

Drawdowns

STYAX vs. SMTRX - Drawdown Comparison

The maximum STYAX drawdown since its inception was -18.83%, which is greater than SMTRX's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for STYAX and SMTRX.

Drawdown Indicators

	STYAX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-18.83%	-1.34%	-17.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.83%	—	—
Current Drawdown Current decline from peak	-1.61%	-1.03%	-0.58%
Average Drawdown Average peak-to-trough decline	-2.39%	-0.39%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	—	—

Volatility

Volatility by Period

	STYAX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	3.80%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.68%	3.80%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	3.80%	+0.91%

STYAX vs. SMTRX - Expense Ratio Comparison

STYAX has a 0.69% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

STYAX vs. SMTRX - Dividend Comparison

STYAX's dividend yield for the trailing twelve months is around 4.55%, more than SMTRX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
STYAX Allspring Core Plus Bond Fund	4.55%	4.52%	4.58%	3.94%	2.48%	2.39%	5.18%	3.67%	2.70%	2.61%	2.81%	2.23%

Frequently Asked Questions

Can I hold both STYAX and SMTRX in my portfolio?

With a correlation of 0.92, STYAX 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.