TSHFX vs. SMTRX

Last updated Jun 24, 2026

TSHFX (Transamerica Asset Allocation Short Horizon) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.88 suggests significant overlap in exposure. TSHFX charges 0.83%/yr vs 0.99%/yr for SMTRX.

Performance

TSHFX vs. SMTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Asset Allocation Short Horizon (TSHFX) and ALPS/Smith Total Return Bond Fund (SMTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSHFX

• 1D: -0.23%
• 1M: 0.47%
• YTD: 1.31%
• 6M: 1.23%
• 1Y: 5.38%
• 3Y*: 5.80%
• 5Y*: 1.64%
• 10Y*: 3.03%

SMTRX

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

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

TSHFX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
TSHFX Transamerica Asset Allocation Short Horizon	0.00%
SMTRX ALPS/Smith Total Return Bond Fund	0.00%

Correlation

The correlation between TSHFX and SMTRX is 0.88, 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	0.88

Return for Risk

TSHFX vs. SMTRX — Risk / Return Rank

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

TSHFX

TSHFX Risk / Return Rank: 38
TSHFX Sharpe Ratio Rank: 37
TSHFX Sortino Ratio Rank: 38
TSHFX Omega Ratio Rank: 38
TSHFX Calmar Ratio Rank: 34
TSHFX Martin Ratio Rank: 42

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.

TSHFX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Asset Allocation Short Horizon (TSHFX) 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.

	TSHFX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	—	—
Sortino ratio: Return per unit of downside risk	2.38	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.09	—	—
Martin ratio: Return relative to average drawdown	8.46	—	—

Drawdowns

TSHFX vs. SMTRX - Drawdown Comparison

The maximum TSHFX drawdown since its inception was -23.90%, which is greater than SMTRX's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for TSHFX and SMTRX.

Drawdown Indicators

	TSHFX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-23.90%	-0.62%	-23.28%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.84%	—	—
Current Drawdown Current decline from peak	-0.46%	-0.31%	-0.15%
Average Drawdown Average peak-to-trough decline	-4.94%	-0.18%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	—	—

Volatility

Volatility by Period

	TSHFX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.55%	3.64%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	3.64%	+1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	3.64%	+0.50%

TSHFX vs. SMTRX - Expense Ratio Comparison

TSHFX has a 0.83% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

TSHFX vs. SMTRX - Dividend Comparison

TSHFX's dividend yield for the trailing twelve months is around 4.04%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	0.00%
TSHFX Transamerica Asset Allocation Short Horizon	4.04%	4.22%	13.42%	3.48%	4.84%	5.63%	4.22%	2.95%	3.30%	2.20%

Frequently Asked Questions

Can I hold both TSHFX and SMTRX in my portfolio?

TSHFX and SMTRX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.