- ISIN
- US76881N2027
- CUSIP
- 76881N202
- Issuer
- RiverNorth Funds
- Inception Date
- Dec 29, 2010
- Category
- Multisector Bonds
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
RNSIX Performance Chart
RiverNorth Doubleline Strategic Income Fund (RNSIX) is up 0.3% since the beginning of the year. RNSIX is currently trading at $9 per share. Investors who bought $1,000 worth of RNSIX shares 5 years ago would now be looking at an investment worth $1,114.
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Returns By Period
RiverNorth Doubleline Strategic Income Fund (RNSIX) has returned 0.32% so far this year and 5.15% over the past 12 months. Over the last ten years, RNSIX has returned 3.72% per year, falling short of the S&P 500 Index benchmark, which averaged 13.53% annually.
RiverNorth Doubleline Strategic Income Fund
- 1D
- -0.12%
- 1M
- 0.08%
- YTD
- 0.32%
- 6M
- 0.52%
- 1Y
- 5.15%
- 3Y*
- 7.07%
- 5Y*
- 2.19%
- 10Y*
- 3.72%
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
RNSIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2011, RNSIX's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +5.1%, while the worst month was Mar 2020 at -9.4%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RNSIX closed higher 44% of trading days. The best single day was Mar 26, 2020 with a return of +3.2%, while the worst single day was Mar 23, 2020 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.43% | 0.54% | -1.28% | 0.78% | 0.31% | -0.46% | 0.32% | ||||||
| 2025 | 1.00% | 1.91% | -0.35% | -0.36% | 0.20% | 1.35% | 0.32% | 1.34% | 0.77% | 0.54% | 0.66% | -0.02% | 7.59% |
| 2024 | 0.95% | -0.26% | 1.47% | -1.75% | 1.60% | 1.24% | 2.27% | 1.34% | 1.78% | -1.56% | 1.34% | -1.25% | 7.29% |
| 2023 | 4.17% | -1.58% | 0.34% | 0.80% | -0.67% | 0.58% | 0.80% | -0.26% | -2.39% | -1.79% | 5.05% | 4.09% | 9.18% |
| 2022 | -1.52% | -1.80% | -1.33% | -2.49% | -1.43% | -2.65% | 2.33% | -1.10% | -4.87% | -0.95% | 3.52% | -0.95% | -12.68% |
| 2021 | 0.59% | 0.05% | -0.13% | 0.78% | 0.81% | 0.80% | 0.65% | 0.09% | -0.26% | 0.29% | -0.22% | 0.16% | 3.66% |
Benchmark Metrics
RiverNorth Doubleline Strategic Income Fund has an annualized alpha of 3.92%, beta of 0.07, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since January 03, 2011.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.28%) than losses (18.44%) - typical of diversified or defensive assets.
- Beta of 0.07 may look defensive, but with R2 of 0.10 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 0.10 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.92%
- Beta
- 0.07
- R²
- 0.10
- Upside Capture
- 23.28%
- Downside Capture
- 18.44%
Expense Ratio
RNSIX has an expense ratio of 0.87%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RNSIX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RiverNorth Doubleline Strategic Income Fund (RNSIX) 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.
| RNSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.52 | +0.12 |
| Martin ratioReturn relative to average drawdown | 9.21 | 11.31 | -2.10 |
Dividends
Dividend History
RiverNorth Doubleline Strategic Income Fund provided a 6.66% dividend yield over the last twelve months, with an annual payout of $0.58 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 | $0.58 | $0.58 | $0.56 | $0.45 | $0.71 | $0.44 | $0.46 | $0.53 | $0.53 | $0.53 | $0.55 | $0.59 |
Dividend yield | 6.66% | 6.52% | 6.37% | 5.13% | 8.40% | 4.20% | 4.34% | 5.17% | 5.45% | 5.08% | 5.22% | 5.83% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverNorth Doubleline Strategic 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 | $0.00 | $0.24 | ||||||
| 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 | $0.58 |
| 2024 | $0.03 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2023 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.45 |
| 2022 | $0.04 | $0.04 | $0.05 | $0.06 | $0.04 | $0.07 | $0.05 | $0.05 | $0.07 | $0.09 | $0.07 | $0.08 | $0.71 |
| 2021 | $0.05 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.44 |
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 RiverNorth Doubleline Strategic 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 Doubleline Strategic Income Fund was 16.08%, occurring on Oct 20, 2022. Recovery took 445 trading sessions.
The current RiverNorth Doubleline Strategic Income Fund drawdown is 0.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -16.08%Oct 2022 | 1y 1mo | 1y 9mo | 2y 10moSep 2021 - Jul 2024 |
COVID crash2020 | -14.23%Mar 2020 | 18d | 6mo 23d | 7mo 11dMar 2020 - Oct 2020 |
2013 pullback2013 | -6.55%Sep 2013 | 3mo 28d | 5mo 8d | 9mo 6dMay 2013 - Feb 2014 |
2016 pullback2016 | -4.37%Jan 2016 | 8mo 28d | 2mo 23d | 11mo 21dApr 2015 - Apr 2016 |
Rate-hike selloffLate 2018 | -3.45%Dec 2018 | 3mo 18d | 21d | 4mo 9dSep 2018 - Jan 2019 |
Drawdown Indicators
| RNSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.08% | -56.78% | +40.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.05% | -9.10% | +7.05% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -18.90% | +13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -25.43% | +9.35% |
Max Drawdown (10Y)Largest decline over 10 years | -16.08% | -33.92% | +17.84% |
Current DrawdownCurrent decline from peak | -0.79% | -2.83% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -10.72% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 2.02% | -1.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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