- ISIN
- US76882K8505
- CUSIP
- 76882K850
- Issuer
- RiverPark Funds
- Inception Date
- Mar 29, 2012
- Category
- Long-Short
- Min. Investment
- $50,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
RLSIX Performance Chart
RiverPark Long/Short Opportunity Fund (RLSIX) is down 0.6% since the beginning of the year. RLSIX is currently trading at $15 per share. Investors who bought $1,000 worth of RLSIX shares 5 years ago would now be looking at an investment worth $837.
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Returns By Period
RiverPark Long/Short Opportunity Fund (RLSIX) has returned -0.58% so far this year and 8.70% over the past 12 months. Over the last ten years, RLSIX has returned 6.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
RiverPark Long/Short Opportunity Fund
- 1D
- 0.85%
- 1M
- 1.79%
- YTD
- -0.58%
- 6M
- -0.90%
- 1Y
- 8.70%
- 3Y*
- 13.22%
- 5Y*
- -3.49%
- 10Y*
- 6.66%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
RLSIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 29, 2010, RLSIX's average daily return is +0.04%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +12.9%, while the worst month was Apr 2022 at -23.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 8 months.
On a daily basis, RLSIX closed higher 53% of trading days. The best single day was Dec 16, 2019 with a return of +12.3%, while the worst single day was Dec 17, 2019 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.07% | -4.16% | -3.86% | 7.67% | 1.46% | 0.85% | -0.58% | ||||||
| 2025 | 2.67% | -1.78% | -6.55% | 0.00% | 4.99% | 5.11% | 1.08% | 0.53% | 2.59% | 2.07% | -1.78% | -0.13% | 8.57% |
| 2024 | 2.85% | 3.65% | 0.23% | -3.59% | 2.22% | 4.95% | -3.61% | 2.68% | 1.71% | 0.95% | 5.22% | -1.79% | 16.06% |
| 2023 | 11.37% | -3.05% | 6.62% | -0.10% | 6.22% | 4.22% | 4.51% | -2.38% | -4.33% | -0.28% | 12.87% | 2.85% | 43.85% |
| 2022 | -16.05% | -9.08% | -2.76% | -23.89% | -4.78% | -10.55% | 10.22% | -5.71% | -8.54% | 4.49% | 3.39% | -6.67% | -53.89% |
| 2021 | -2.87% | 6.53% | -5.55% | 7.23% | -2.79% | 8.40% | 0.45% | 1.64% | -4.75% | 4.52% | -6.93% | -2.27% | 2.10% |
Benchmark Metrics
RiverPark Long/Short Opportunity Fund has an annualized alpha of -1.26%, beta of 0.80, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since February 26, 2010.
- This fund participated in 76.87% of S&P 500 Index downside but only 64.52% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.26%
- Beta
- 0.80
- R²
- 0.46
- Upside Capture
- 64.52%
- Downside Capture
- 76.87%
Expense Ratio
RLSIX has a high expense ratio of 1.75%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RLSIX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) and compare them to S&P 500 Index.
| RLSIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 2.39 | -1.60 |
Sortino ratioReturn per unit of downside risk | 1.14 | 3.25 | -2.11 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.43 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 3.11 | -2.49 |
Martin ratioReturn relative to average drawdown | 1.86 | 14.38 | -12.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
RiverPark Long/Short Opportunity Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.40 | $1.28 | $0.16 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.94% | 11.66% | 1.26% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverPark Long/Short Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the RiverPark Long/Short Opportunity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RiverPark Long/Short Opportunity Fund was 60.82%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current RiverPark Long/Short Opportunity Fund drawdown is 26.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -60.82%Oct 2022 | 11mo 27d | — | 4y 7moOct 2021 - now |
Rate-hike selloffLate 2018 | -16.32%Dec 2018 | 2mo 23d | 4mo 3d | 6mo 26dOct 2018 - Apr 2019 |
2016 correction2016 | -16.05%Feb 2016 | 6mo 23d | 1y 2mo | 1y 9moJul 2015 - Apr 2017 |
2021 correction2021 | -15.61%May 2021 | 2mo 25d | 1mo 12d | 4mo 7dFeb 2021 - Jun 2021 |
COVID crash2020 | -13.34%Mar 2020 | 25d | 10d | 1mo 5dFeb 2020 - Mar 2020 |
Drawdown Indicators
| RLSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -56.78% | -4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -9.10% | -5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -18.90% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | -25.43% | -35.39% |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | -33.92% | -26.90% |
Current DrawdownCurrent decline from peak | -26.28% | 0.00% | -26.28% |
Average DrawdownAverage peak-to-trough decline | -15.08% | -10.72% | -4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 1.97% | +2.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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