- ISIN
- US76881N8065
- CUSIP
- 76881N806
- Issuer
- RiverNorth
- Inception Date
- Dec 28, 2012
- Category
- High Yield Bonds
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
RNHIX Performance Chart
RiverNorth/Oaktree High Income Fund (RNHIX) is up 1.1% since the beginning of the year. RNHIX is currently trading at $8 per share. Investors who bought $1,000 worth of RNHIX shares 5 years ago would now be looking at an investment worth $1,233.
Loading charts...
Compare this symbol against anything
Returns By Period
RiverNorth/Oaktree High Income Fund (RNHIX) has returned 1.11% so far this year and 3.99% over the past 12 months. Over the last ten years, RNHIX has returned 4.51% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
RiverNorth/Oaktree High Income Fund
- 1D
- 0.02%
- 1M
- -0.33%
- 6M
- 0.85%
- YTD
- 1.11%
- 1Y
- 3.99%
- 3Y*
- 7.03%
- 5Y*
- 4.27%
- 10Y*
- 4.51%
- ALL TIME*
- 4.25%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
RNHIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, RNHIX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +4.2%, while the worst month was Mar 2020 at -11.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RNHIX closed higher 42% of trading days. The best single day was Mar 26, 2020 with a return of +3.4%, while the worst single day was Mar 18, 2020 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.26% | 0.15% | -1.36% | 1.67% | 0.49% | 0.14% | -0.22% | 1.11% | |||||
| 2025 | 0.95% | 0.61% | -1.10% | 0.03% | 1.42% | 1.53% | 0.61% | 0.95% | 0.61% | 0.15% | 0.38% | 0.61% | 6.93% |
| 2024 | 0.27% | 0.47% | 0.84% | -0.65% | 0.96% | 0.72% | 1.65% | 1.41% | 0.95% | -0.18% | 0.95% | -0.19% | 7.40% |
| 2023 | 4.07% | -1.09% | 0.22% | 0.97% | -0.67% | 1.45% | 1.34% | 0.32% | -0.68% | -0.61% | 3.48% | 3.04% | 12.31% |
| 2022 | -1.42% | -0.93% | -0.27% | -2.15% | -0.60% | -5.24% | 4.02% | -0.72% | -3.59% | 2.58% | 2.57% | -0.69% | -6.60% |
| 2021 | 0.39% | 0.49% | 0.06% | 0.69% | 0.21% | 0.75% | 0.11% | 0.38% | 0.28% | -0.19% | -0.55% | 1.29% | 3.97% |
Benchmark Metrics
RiverNorth/Oaktree High Income Fund has an annualized alpha of 2.16%, beta of 0.16, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund participated in 31.37% of S&P 500 Index downside but only 26.43% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.35 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.35 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
- 2.16%
- Beta
- 0.16
- R²
- 0.35
- Upside Capture
- 26.43%
- Downside Capture
- 31.37%
Expense Ratio
RNHIX has a high expense ratio of 1.81%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RNHIX ranks 47 for risk / return — above 47% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for RiverNorth/Oaktree High Income Fund (RNHIX) and compare them to S&P 500 Index.
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.
| RNHIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.00 | -0.45 |
| Martin ratioReturn relative to average drawdown | 6.93 | 8.49 | -1.56 |
Dividends
Dividend History
RiverNorth/Oaktree High Income Fund provided a 7.45% dividend yield over the last twelve months, with an annual payout of $0.63 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.64 | $0.61 | $0.53 | $0.54 | $0.34 | $0.36 | $0.49 | $0.43 | $0.37 | $0.47 | $0.53 |
Dividend yield | 7.45% | 7.30% | 6.92% | 6.04% | 6.49% | 3.58% | 3.81% | 5.08% | 4.79% | 3.79% | 4.93% | 5.92% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverNorth/Oaktree High Income 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 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.37 | |||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.64 |
| 2024 | $0.03 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.61 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.06 | $0.53 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.22 | $0.03 | $0.04 | $0.54 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the RiverNorth/Oaktree High Income 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 RiverNorth/Oaktree High Income Fund was 22.43%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current RiverNorth/Oaktree High Income Fund drawdown is 0.45%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.43%Mar 2020 | 28d | 8mo 6d | 9mo 4dFeb 2020 - Nov 2020 | COVID crash2020 |
-10.62%Sep 2022 | 8mo 27d | 1y 1mo | 1y 10moJan 2022 - Nov 2023 | Bear market2022 |
-9.81%Feb 2016 | 9mo 25d | 3mo 27d | 1y 1moApr 2015 - Jun 2016 | — |
-5.15%Jun 2013 | 1mo 12d | 4mo 1d | 5mo 13dMay 2013 - Oct 2013 | — |
-4.63%Dec 2018 | 2mo 18d | 1mo 26d | 4mo 14dOct 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| RNHIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -56.78% | +34.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -9.10% | +6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.61% | -18.90% | +15.29% |
Max Drawdown (5Y)Largest decline over 5 years | -10.62% | -25.43% | +14.81% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -33.92% | +11.49% |
Current DrawdownCurrent decline from peak | -0.45% | -1.58% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -10.70% | +9.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 2.14% | -1.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with RNHIX
Add RiverNorth/Oaktree High Income Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with RNHIX